US SB2222 | 2011-2012 | 112th Congress
Status
Sponsorship: Strong Partisan Bill (Democrat 15-1)
Status: Introduced on March 21 2012 - 25% progression, died in committee
Action: 2012-03-21 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 21 2012 - 25% progression, died in committee
Action: 2012-03-21 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
A bill to require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.
Sponsors
| Sen. Bernard Sanders [I-VT] | Sen. Mark Begich [D-AK] | Sen. Richard Blumenthal [D-CT] | Sen. Sherrod Brown [D-OH] |
| Sen. Benjamin Cardin [D-MD] | Sen. Robert Casey [D-PA] | Sen. Dianne Feinstein [D-CA] | Sen. Al Franken [D-MN] |
| Sen. Amy Klobuchar [D-MN] | Sen. Carl Levin [D-MI] | Sen. Claire McCaskill [D-MO] | Sen. Jeff Merkley [D-OR] |
| Sen. Barbara Mikulski [D-MD] | Sen. Bill Nelson [D-FL] | Sen. Mark Pryor [D-AR] | Sen. Jon Tester [D-MT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-21 | Senate | Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. |
Same As/Similar To
HB4391 (Related) 2012-05-10 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
HB4457 (Same As) 2012-05-10 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
HB4457 (Same As) 2012-05-10 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
Subjects
Administrative law and regulatory procedures
Commodities markets
Commodity Futures Trading Commission
Energy prices
Energy storage, supplies, demand
Oil and gas
Commodities markets
Commodity Futures Trading Commission
Energy prices
Energy storage, supplies, demand
Oil and gas
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/2222/all-info |
| Text | https://www.congress.gov/112/bills/s2222/BILLS-112s2222is.pdf |
