HR 4457
112th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Commodities markets
Commodity Futures Trading Commission
Energy prices
Energy storage, supplies, demand
Oil and gas
To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.
Introduced: April 19, 2012
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 10, 2012
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Apr 19, 2012
Referred to the House Committee on Agriculture.
Apr 19, 2012
Introduced in House
Plain-English summary
Instructs the Commodity Futures Trading Commission (CFTC) to use its authority (including emergency powers) to: (1) to curb immediately the role of excessive speculation in any contract market within its jurisdiction and control that is serving as a platform for the trading of energy futures or swaps; and (2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations, 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
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Committees of jurisdiction
2