 H.R.6377
Energy Markets Emergency Act of 2008
To direct the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately the role of excessive speculation in any contract market within the jurisdiction and control of the Commodity Futures Trading Commission, on or through which energy futures or swaps are traded, and to eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or 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.
 25 Total PointsSubjects
Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded; and (2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or 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 do you think?
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Legislation Detail
 Viewed 67 times.
Legislation Slant
Latest Action:
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 864.
This action occurred on Tuesday, July 8, 2008 and earned 0 points.
Legislative Progress
Introduced in the House on June 26, 2008
Passed in the House on June 26, 2008
Related Bills
S.3205
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