Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 509 (108th)

Energy Market Oversight Act

referredUnited States· United States Congress· EN

Introduced

4 March 2003

Last action

4 March 2003 · Introduced

Status

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Sponsors

Sen. Feinstein, Dianne [D-CA], Sen. Fitzgerald, Peter [R-IL], Sen. Lugar, Richard G. [R-IN], Sen. Harkin, Tom [D-IA], Sen. Cantwell, Maria [D-WA], Sen. Wyden, Ron [D-OR], Sen. Leahy, Patrick J. [D-VT], Sen. Boxer, Barbara [D-CA], Sen. Durbin, Richard J. [D-IL]

Subjects

Energy, Budget

Source updated

10 February 2026

Energy · Budget

Official sourceDownload fileView documentsShare

Summary

Energy Market Oversight Act - Amends the Department of Energy Organization Act to require that: (1) the Federal Energy Regulatory Commission (FERC) refer to the appropriate Federal agency any contract for a derivative transaction or other financial transaction that FERC determines is not under its jurisdiction; (2) a FERC designee meet quarterly with specified agencies to discuss conditions in energy trading markets and legislative changes that may be appropriate to regulate such markets; and (3) maintain a liaison between the Commission and the Commodity Futures Trading Commission (CFTC). Amends the Natural Gas Act and the Federal Power Act to: (1) repeal subjection of the investigations authority of FERC to the consent of the Office of Management and Budget and any other Federal agency; and (2) increase criminal penalties for violations. Amends the Commodity Exchange Act to revise requirements for regulation of excluded swap transactions, transactions not on trading facilities, and other off-exchange transactions exempt from such Act but subject to regulations applicable to transactions on derivatives transaction execution facilities. Replaces the designation "electronic trading facilities" with "covered entities." Prescribes requirements for and limitations on CFTC regulation of covered entities. Authorizes the CFTC to establish core principles requiring a covered entity to monitor trading to prevent fraud and price distortion while ensuring adequate resources to discharge its responsibilities and comply with all reporting, notice, and registration requirements. Revises the prohibition against fraudulent transactions to state that such prohibitions do not impose on parties to transactions subject to the rules of designated contract markets or registered derivative transaction execution facilities any legal duty to provide counterparties or other market participants with any material market information. Sets a maximum civil penalty for commodity price manipulation of $1 million or triple the monetary gain for each violation, and a maximum ten-year prison term.

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

Timeline

  1. 4 March 2003

    Introduced

    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

    Source: IntroReferral

  2. 4 March 2003

    Introduced

    Sponsor introductory remarks on measure. (CR S3094-3101)

    Source: IntroReferral

  3. 4 March 2003

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

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

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

  • Introduced in Senate (text)

    Introduced in Senate · EN · 4 March 2003

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 4 March 2003

    ViewDownloadOpen at official source

    Leesvertaling

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

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

  • Introduced in Senate

    summary · EN · 4 March 2003

    Open at official source

    Leesvertaling

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

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

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.