US HB785 | 2013-2014 | 113th Congress

Status

Status: Introduced on February 15 2013 - 25% progress
Action: 2013-03-13 - 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]

Summary

Halt Index Trading of Energy Commodities (HITEC) Act - Amends the Commodity Exchange Act to declare unlawful for: (1) a commodity index fund to engage in an energy commodity transaction if any person investing in the fund is an excluded investor, (2) an energy commodity index fund to accept an investment from a person who is an excluded investor, or (3) a commodity index fund to hold an investment in an energy commodity if any person investing in the fund is an excluded investor. Defines "excluded investor" as a person with respect to whom there is no position in an energy commodity which, if held by the person, would be considered a bona fide hedging position.

Tracking Information

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Title

Halt Index Trading of Energy Commodities (HITEC) Act

Sponsors


History

DateChamberAction
2013-03-13HouseReferred to the Subcommittee on General Farm Commodities and Risk Management.
2013-02-15HouseReferred to the House Committee on Agriculture.
2013-02-15HouseSponsor introductory remarks on measure. (CR E165)

Subjects


US Congress State Sources


Bill Comments

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