HR 785
113th Congress
House
Energy
Commodities markets
Financial services and investments
Oil and gas
Halt Index Trading of Energy Commodities (HITEC) Act
Introduced: February 15, 2013
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2013
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Feb 15, 2013
Referred to the House Committee on Agriculture.
Feb 15, 2013
Sponsor introductory remarks on measure. (CR E165)
Feb 15, 2013
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