S 2222
112th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Commodities markets
Commodity Futures Trading Commission
Energy prices
Energy storage, supplies, demand
Oil and gas
A bill to require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.
Introduced: March 21, 2012
Introduced by:
Sanders, Bernard
Independent
· Vermont
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2012
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Mar 21, 2012
Introduced in Senate
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
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Committees of jurisdiction
1