S 3205
110th Congress
Senate
Finance and Financial Sector
Commodity Futures Trading Commission
Energy
Energy demand
Energy prices
Energy supplies
Futures trading
Government Operations and Politics
Independent regulatory commissions
Petroleum
Swaps (Finance)
Energy Markets Emergency Act of 2008
Introduced: June 26, 2008
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2008
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Jun 26, 2008
Introduced in Senate
Plain-English summary
Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded; and (2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or 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.
What's happening now
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Committees of jurisdiction
1