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S 3122 110th Congress Senate Finance and Financial Sector Commodity exchanges Energy Energy prices Petroleum Swaps (Finance)

Policing United States Oil Commodities Markets Act of 2008

Introduced: June 12, 2008 Introduced by: Cantwell, Maria Democratic · Washington See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2008
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jun 12, 2008
Introduced in Senate
 Plain-English summary Congressional Research Service

Policing United States Oil Commodities Markets Act of 2008 - Amends the Commodity Exchange Act to require a covered market or facility to register with the Commodity Futures Trading Commission (CFTC) as a designated contract market and be subject to each rule established and regulation promulgated by the CFTC.

Defines "covered market or facility" as a contract market or electronic trading facility: (1) that operates one or more trading terminals within the United States; (2) on which there is transacted or facilitated any agreement, contract, or transaction that serves as a price discovery function for any energy commodity delivered in the United States; and (3) that is regulated by a foreign regulatory agency.

What's happening now June 12, 2008

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

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1