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HR 5614 107th Congress House

Energy Markets Fraud Prevention and Consumer Protection Act of 2002

Official title: To prohibit fraudulent, manipulative, or deceptive acts in electric and natural gas markets, to provide for audit trails and transparency in those markets, to … Show full official titleShow less

Official title: To prohibit fraudulent, manipulative, or deceptive acts in electric and natural gas markets, to provide for audit trails and transparency in those markets, to increase penalties for illegal acts under the Federal Power Act and Natural Gas Act, to reexamine certain exemptions under the Federal Power Act and the Public Utility Holding Company Act of 1935, to expand the authority of the Federal Energy Regulatory Commission to order refunds of unjust and discriminatory rates, and for other purposes.

Introduced: October 10, 2002 See on congress.gov
Energy AccountingAdministrative procedureAffiliated corporationsAuditing
More subjectsShow fewer subjects
BankruptcyBriberyBrokersBurglaryBusiness recordsCommerceComputer networksConspiracyConsumer discountsConsumer protectionContractsCorporate collapseCounterfeitingCrime and Law EnforcementDepartment of EnergyElectric powerElectric power transmissionElectric utilitiesElectric utility ratesElectronic data interchangeElectronic government informationEmbezzlementEnergy transportationExtortionFederal Energy Regulatory CommissionFinance and Financial SectorFines (Penalties)ForgeryFraudFutures tradingGas companiesGovernment Operations and PoliticsGovernment paperworkHolding companiesIndependent regulatory commissionsInformation disclosure (Securities law)InjunctionsInterstate commerceLarcenyLawMarket manipulationNatural gasPerjuryPostal crimesPower marketing administrationsPublic utilitiesRestrictive trade practicesRisk managementRobberyScience, Technology, CommunicationsSecurities fraudSecurities regulationSubsidiary corporationsSurety and fidelityWholesale trade
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 2002
Referred to the Subcommittee on Energy and Air Quality.
Oct 10, 2002
Referred to the House Committee on Energy and Commerce.
Oct 10, 2002
Introduced in House
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 Latest action October 28, 2002

Referred to the Subcommittee on Energy and Air Quality.

 Plain-English summary Congressional Research Service
Energy Markets Fraud Prevention and Consumer Protection Act of 2002 - Declares unlawful practices that are fraudulent, manipulative, deceptive, or a contrivance in contravention of Federal Energy Regulatory Commission (FERC) regulations governing: (1) transmission and sales of electric energy; or (2) transportation and sales of natural gas. Subjects such practices to certain Federal Power Act sanctions.

Amends the Federal Power Act to require FERC to promulgate criteria governing waivers and exemptions from requirements regarding: (1) issuance of securities; (2) accounts and recordkeeping; and (3) officials dealing in securities (including any prospective blanket order).

Places a moratorium upon such waivers and exemptions until the criteria mandated for promulgation become effective. Directs FERC to review previously issued waivers. Vitiates such waivers after a specified deadline unless they comply with such criteria.

Amends the Federal Power Act and the Natural Gas Act to expand reporting requirements for transactions regarding transmission or sales of electric energy and of natural gas.

Sets forth prohibitions on the distribution or publication by an electric power or natural gas information processor of quotations and transactions of electric energy and natural gas in contravention of FERC rules.

Prohibits any person who owns, controls, or is under the control or ownership of a public utility, a natural gas company, or a public utility holding company from owning, controlling, or operating any electronic computer network or other multilateral trading facility utilized to trade electricity or natural gas.

Sets forth civil and criminal penalties for violations of this Act.

Mandates review by: (1) the Securities and Exchange Commission of certain exemptions granted under the Public Utility Holding Company Act of 1935 to determine if they should continue in force and effect; and (2) the Financial Accounting Standards Board of accounting for contracts in energy trading and risk management activities.

Amends the Federal Power Act to instruct FERC to adopt rules and procedures to protect electric consumers from harmful actions taken by persons owning or controlling public utilities.

Mandates annual FERC review of market-based rates for electric energy sales by a public utility. Grants FERC revocation authority for violations and for rates found to be unjust, unreasonable, unduly discriminatory, or preferential.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4
D
McCollum, Betty
Minnesota · Nov 12, 2002
 D
DeLauro, Rosa L.
Connecticut · Oct 10, 2002
 D
Markey, Edward J.
Massachusetts · Oct 10, 2002
 D
Norton, Eleanor Holmes
District of Columbia · Oct 10, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5614: Energy Markets Fraud Prevention and Consumer Protection Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-5614/
MLA
"H.R. 5614: Energy Markets Fraud Prevention and Consumer Protection Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-5614/.
Bluebook (legal)
H.R. 5614, 107th Cong. (2026), https://openamerica.io/bill/107-HR-5614/.
Markdown link
[H.R. 5614: Energy Markets Fraud Prevention and Consumer Protection Act of 2002](https://openamerica.io/bill/107-HR-5614/)
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