Prevent Unfair Manipulation of Prices Act of 2007

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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D StupakSponsor

48 cosponsors · 44 D, 4 R

18 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Prevent Unfair Manipulation of Prices Act of 2007 - Amends the Commodity Exchange Act to extend its jurisdiction to certain: (1) "included energy transactions" traded on an electronic trading facility; and (2) certain energy commodities involved in over-the-counter transactions.

What it does: CRS summary · Introduced in House · Jan 19, 2007

Sets forth reporting and recordkeeping requirements for: (1) certain contract participants that enter into or execute "included energy transactions;" and (2) electronic trading facilities for energy commodities.

Extends prohibitions against fraudulent transactions to: (1) filling an order by offset against the other person's order; and (2) knowingly and willfully becoming the buyer in respect to another person's selling order, or the seller in respect to another person's buying order, without the other person's prior consent.

Empowers the Commodity Futures Trading Commission to impose civil and criminal penalties for price manipulation and other violations of such Act.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Prevent Unfair Manipulation of Prices Act of 2007

Latest action (Feb 2, 2007): Referred to the Subcommittee on General Farm Commodities and Risk Management.

Policy area: Energy · Origin: House · Introduced: Jan 19, 2007

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.