US Congress Senate Bill 1225 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on June 10 2009 - 25% progression, died in chamber
Action: 2009-06-10 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Text: Latest bill text (Introduced) [PDF]

Energy Market Manipulation Prevention Act - Directs the Commodity Futures Trading Commission (CFTC) to eliminate excessive speculation in energy contract markets, unwarranted energy price fluctuations, or other unlawful activities that prevent energy prices from accurately reflecting supply and demand. Requires the Commission to: (1) classify immediately each bank holding company engaged in energy futures trading as a noncommercial participant subject to strict position limits; (2) require immediately hedge funds engaged in energy futures trading to register as noncommercial participants subject to strict speculation limits; (3) eliminate conflicts of interest in which one entity has a hand in predicting oil prices, operating oil assets, and buying or selling oil derivatives; and (4) revoke immediately each staff no-action letter that covers a foreign board of trade that has established trading terminals in this country to trade U.S. commodities to U.S. investors.

Energy Market Manipulation Prevention Act

Sen. Mark Begich [D-AK]

Sen. Bill Nelson [D-FL]

Sen. Bernard Sanders [I-VT]

Date	Chamber	Action
2009-06-10		Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
2009-06-10		Sponsor introductory remarks on measure. (CR S6456-6457)

HB2869 (Same As) 2010-06-22 - Referred to the Subcommittee on General Farm Commodities and Risk Management.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/1225/all-info
Text	https://www.congress.gov/111/bills/s1225/BILLS-111s1225is.pdf