HR 5186
112th Congress
House
Energy
Commodities markets
Financial services and investments
Oil and gas
Halt Index Trading of Energy Commodities (HITEC) Act
Introduced: April 27, 2012
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
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 27, 2012
Referred to the House Committee on Agriculture.
Apr 27, 2012
Introduced in House
Plain-English summary
Halt Index Trading of Energy Commodities (HITEC) Act - Amends the Commodity Exchange Act to declare unlawful for: (1) a commodity index fund to engage in an energy commodity transaction if any person investing in the fund is an excluded investor, (2) an energy commodity index fund to accept an investment from a person who is an excluded investor, or (3) a commodity index fund to hold an investment in an energy commodity if any person investing in the fund is an excluded investor.
Defines "excluded investor" as a person with respect to whom there is no position in an energy commodity which, if held by the person, would be considered a bona fide hedging position.
What's happening now
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Committees of jurisdiction
2