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S 2724 107th Congress Senate Finance and Financial Sector Administrative procedure Business records Commerce Commodity Futures Trading Commission Commodity exchanges Contracts Corporate collapse Department of Energy Derivative securities Derivatives regulation Electric power Energy Energy industries Federal Energy Regulatory Commission Fraud Futures trading Gas industry Government Operations and Politics Government paperwork

A bill to provide regulatory oversight over energy trading markets and metals trading markets, and for other purposes.

Introduced: July 11, 2002 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2002
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jul 11, 2002
Sponsor introductory remarks on measure. (CR S6656-6657)
Jul 11, 2002
Introduced in Senate
 Plain-English summary Congressional Research Service
Amends the Commodity Exchange Act to instruct the Commodities Futures Trading Commission (CFTC) and the Federal Energy Regulatory Commission (FERC) to maintain a liaison with one another.

Places transactions in certain energy or metal commodities within the regulatory and enforcement framework governing futures trading and foreign transactions (including a proscription against market price manipulation of any commodity in either interstate commerce or on the contract market for future delivery).

Places electronic trading facilities (bilateral dealer markets) under the regulatory oversight of the CFTC, including filing, recordkeeping, reporting and capital requirements.

Prohibits contracts designed to defraud or mislead.

Amends the Department of Energy Organization Act to mandate that the following agencies hold quarterly meetings to discuss conditions in energy trading markets and any changes in Federal law needed to regulate them: FERC, CFTC, the Securities Exchange Commission, the Federal Trade Commission and the Federal Reserve Board.

What's happening now July 11, 2002

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3