HR 5749
117th Congress
House
Finance and Financial Sector
Gas Consumer Emergency Market Protection Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 30, 2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Oct 27, 2021
Referred to the House Committee on Agriculture.
Oct 27, 2021
Introduced in House
Plain-English summary
Gas Consumer Emergency Market Protection Act
This bill restricts natural gas trading during certain federal emergencies. Specifically, the Commodity Futures Trading Commission must require by rule that natural gas trading facilities impose limits to prevent market distortions in the spot market (i.e., commodities traded for immediate delivery) and the day-ahead market during such a period. Persons who violate this rule may be subject to a civil penalty of not more than $1 million per day.
Additionally, the commission must study who benefitted from natural gas price increases associated with Winter Storm Uri.
What's happening now
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Committees of jurisdiction
2
Cosponsors
1