US Congress House Bill 4457 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 29)
Status: Introduced on April 19 2012 - 25% progression, died in committee
Action: 2012-05-10 - 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]

Instructs the Commodity Futures Trading Commission (CFTC) to use its authority (including emergency powers) to: (1) to curb immediately the role of excessive speculation in any contract market within its jurisdiction and control that is serving as a platform for the trading of energy futures or swaps; and (2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations, unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities.

To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.

Rep. Maurice Hinchey [D-NY]	Sen. Tammy Baldwin [D-WI]	Rep. Suzanne Bonamici [D-OR]	Rep. Leonard Boswell [D-IA]
Rep. David Cicilline [D-RI]	Rep. Steve Cohen [D-TN]	Rep. Joe Courtney [D-CT]	Rep. Susan Davis [D-CA]
Rep. Peter DeFazio [D-OR]	Rep. Rosa DeLauro [D-CT]	Rep. Anna Eshoo [D-CA]	Rep. Sam Farr [D-CA]
Rep. Bob Filner [D-CA]	Rep. Raul Grijalva [D-AZ]	Rep. Luis Gutierrez [D-IL]	Rep. Michael Honda [D-CA]
Rep. Jesse Jackson [D-IL]	Rep. Larry Kissell [D-NC]	Rep. Zoe Lofgren [D-CA]	Sen. Edward Markey [D-MA]
Rep. James McGovern [D-MA]	Rep. Mike McIntyre [D-NC]	Rep. Michael Michaud [D-ME]	Rep. Charles Rangel [D-NY]
Rep. Linda Sanchez [D-CA]	Rep. Niki Tsongas [D-MA]	Sen. Chris Van Hollen [D-MD]	Sen. Peter Welch [D-VT]
Rep. John Yarmuth [D-KY]

Date	Chamber	Action
2012-05-10	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2012-04-19	House	Referred to the House Committee on Agriculture.

HB4391 (Related) 2012-05-10 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
SB2222 (Same As) 2012-03-21 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/4457/all-info
Text	https://www.congress.gov/112/bills/hr4457/BILLS-112hr4457ih.pdf