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Prevent Unfair Manipulation of Prices Act of 2006

Introduced: April 27, 2006 See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 10, 2006

Sponsor introductory remarks on measure. (CR H2343)

May 9, 2006

Referred to the Subcommittee on Farm Commodities and Risk Management.

May 2, 2006

Sponsor introductory remarks on measure. (CR H1923-1924)

Apr 27, 2006

Referred to the House Committee on Agriculture.

Apr 27, 2006

Introduced in House

Plain-English summary Congressional Research Service

Prevent Unfair Manipulation of Prices Act of 2006 - Amends the Commodity Exchange Act to extend its jurisdiction to certain: (1) "included energy transactions" traded on an electronic trading facility; and (2) energy commodities involved in over-the-counter transactions.

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

What's happening now May 10, 2006

Sponsor introductory remarks on measure. (CR H2343)

Committees of jurisdiction 2