US Congress House Bill 2292 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 6 2013 - 25% progression, died in committee
Action: 2013-06-25 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
Pending: House Subcommittee on General Farm Commodities and Risk Management Committee
Text: Latest bill text (Introduced) [PDF]

Protection from Rogue Oil Traders Engaging in Computerized Trading Act or PROTECT Act - Amends the Commodities Exchange Act to make it unlawful to engage in an activity that the Commodities Futures Trading Commission (CFTC) has defined as high frequency trading, unless the person has registered with the CFTC as a high frequency trader, and the registration has neither expired nor been suspended or revoked. Prescribes requirements governing high frequency trading. Requires the fine for a high frequency trading violation to be based on the number of seconds, including fractions of seconds, during which the violation continued. Authorizes the CFTC to define the scope of any violation for purposes of determining the number involved in any civil case arising under this Act. Increases the civil penalties for violations of the prohibition against manipulation and false information with respect to swaps and commodities.

PROTECT Act

Sen. Edward Markey [D-MA]

Date	Chamber	Action
2013-06-25	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2013-06-06	House	Referred to the House Committee on Agriculture.
2013-06-06	House	Sponsor introductory remarks on measure. (CR E817)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/2292/all-info
Text	https://www.congress.gov/113/bills/hr2292/BILLS-113hr2292ih.pdf