Over-the-Counter Speculation Act

Summary

Over-the-Counter Speculation Act - Amends the Commodity Exchange Act to authorize the Commodity Futures Trading Commission (CFTC), in the case of a major market disturbance, to require any trader required to report under this Act to take action to maintain or restore orderly trading in any contract listed for trading on a registered entity, including: (1) liquidation of any over-the-counter transaction; and (2) fixing of any limit that may apply to a market position involving any over-the-counter transaction acquired in good faith before the date of the CFTC's determination of a major market disturbance. Defines "major market disturbance" and "over-the-counter transaction." Sets forth reporting and recordkeeping requirements.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 11 July 2008

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 11 July 2008

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• Introduced in Senate

  summary · EN · 11 July 2008

  Open at official source

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