Prevent Unfair Manipulation of Prices Act of 2008

Summary

Prevent Unfair Manipulation of Prices Act of 2008 - Amends the Commodity Exchange Act (CEA) to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to certain transactions in derivatives involving specified energy commodities ("included energy transactions"), including those on foreign boards of trade. Defines "included energy transaction" as a contract, agreement, or transaction in an energy commodity for future delivery that: (1) provides for a delivery point in the United States; or (2) is transacted on a computer terminal located in the United States. Prohibits the CFTC from exempting from regulation any "included energy transaction" unless certain notice to Congress and public comment requirements are met. Declares null and void any CFTC "no-action letter" exemptions from CEA requirements for "included energy transactions." Requires the CFTC to establish uniform limits on the aggregate number of positions with respect to "included energy transactions" which may be held by any person for the prompt month, for each month, and for all months in all markets subject to CFTC jurisdiction. Excludes swaps involving "included energy transactions" from any CEA exemption for bona fide hedging transactions. Defines "bilateral included energy transaction" as an included energy transaction executed or traded other than on or through a trading facility. Exempts such transactions from the requirement that transactions be made on or through a designated contract market. Applies to "bilateral included energy transactions" certain reporting and recordkeeping requirements. Instructs the CFTC to publish monthly on its website: (1) the aggregate number and value of long and short positions held by a person in any portfolio constructed to match or track the components of an index of all commodities; and (2) the portion of the positions that are net long positions in "included energy transactions." Amends the Natural Gas Act and the Federal Power Act to set forth enforcement powers of the Federal Energy Regulatory Commission (FERC), including cease-and-desist proceedings, temporary orders, and general implementation authority.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 June 2008

   Introduced

   Referred to the Committee on Agriculture, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 20 June 2008

   Introduced

   Referred to the Committee on Agriculture, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 20 June 2008

   Referred

   Referred to the Subcommittee on Energy and Air Quality.

   Source: Committee

4. 20 June 2008

   Introduced

   Introduced in House

   Source: IntroReferral

5. 20 June 2008

   Introduced

   Introduced in House

   Source: IntroReferral

6. 3 October 2008

   Referred

   Referred to the Subcommittee on General Farm Commodities and Risk Management.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 June 2008 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 June 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 June 2008

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 20 June 2008

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Stupak, Bart [D-MI-1] · D · Sponsor
• Rep. Larson, John B. [D-CT-1] · D · Sponsor
• Rep. McHugh, John M. [R-NY-23] · R · Sponsor
• Rep. Allen, Thomas H. [D-ME-1] · D · Sponsor
• Sen. Udall, Mark [D-CO] · D · Sponsor
• Rep. Carney, Christopher P. [D-PA-10] · D · Sponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Sponsor
• Rep. Sutton, Betty [D-OH-13] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Courtney, Joe [D-CT-2] · D · Sponsor
• Sen. Donnelly, Joe [D-IN] · D · Sponsor
• Rep. Altmire, Jason [D-PA-4] · D · Sponsor
• Rep. Fattah, Chaka [D-PA-2] · D · Sponsor
• Rep. Schwartz, Allyson Y. [D-PA-13] · D · Sponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Sponsor
• Rep. Visclosky, Peter J. [D-IN-1] · D · Sponsor
• Sen. Welch, Peter [D-VT] · D · Sponsor
• Rep. Davis, Susan A. [D-CA-53] · D · Sponsor
• Rep. Bishop, Timothy H. [D-NY-1] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Sponsor
• Rep. Inslee, Jay [D-WA-1] · D · Sponsor
• Rep. Capps, Lois [D-CA-24] · D · Sponsor
• Rep. Baird, Brian [D-WA-3] · D · Sponsor
• Rep. Thompson, Mike [D-CA-4] · D · Sponsor
• Sen. Hirono, Mazie K. [D-HI] · D · Sponsor
• Rep. Wilson, Charles A. [D-OH-6] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Chandler, Ben [D-KY-6] · D · Sponsor
• Rep. McCarthy, Carolyn [D-NY-4] · D · Sponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Sponsor
• Rep. Hill, Baron P. [D-IN-9] · D · Sponsor
• Rep. Murphy, Patrick J. [D-PA-8] · D · Sponsor
• Rep. Richardson, Laura [D-CA-37] · D · Sponsor
• Rep. Hodes, Paul W. [D-NH-2] · D · Sponsor
• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. Ross, Mike [D-AR-4] · D · Sponsor
• Rep. Solis, Hilda L. [D-CA-32] · D · Sponsor
• Rep. Doyle, Michael F. [D-PA-14] · D · Sponsor
• Sen. Baldwin, Tammy [D-WI] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. Delahunt, William D. [D-MA-10] · D · Sponsor
• Rep. Pastor, Ed [D-AZ-4] · D · Sponsor
• Rep. Capuano, Michael E. [D-MA-8] · D · Sponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Cosponsor
• Rep. Lipinski, Daniel [D-IL-3] · D · Cosponsor

Showing 48 of 69 sponsors and actors.

Related records

• related to ← Prevent Unfair Manipulation of Prices Act of 2008