H.R. 4391 · 112th Congress
To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation…
Full title
To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HochulSponsorNo cosponsors.
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…
What it does: CRS summary · Introduced in House · Apr 18, 2012
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; and (3) prioritize finalizing and enforcing a position limits regime designed to diminish, eliminate, or prevent excessive speculation in energy markets.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.
Latest action (May 10, 2012): Referred to the Subcommittee on General Farm Commodities and Risk Management.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 18, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.