3.0.0 509 2023-01-15T22:48:21Z 2023-01-15T22:48:21Z Senate S S 2003-03-04 108 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2003-03-04T21:59:56Z 2003-03-04 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2003-03-04 Sponsor introductory remarks on measure. (CR S3094-3101) IntroReferral B00100 9 Library of Congress 2003-03-04 Introduced in Senate IntroReferral 10000 9 Library of Congress F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA N F000442 Sen. Fitzgerald, Peter [R-IL] PETER FITZGERALD R IL 2003-03-04 True L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN 2003-03-04 True H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2003-03-04 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2003-03-04 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2003-03-04 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2003-03-04 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2003-03-05 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2003-03-10 False Energy Administrative procedure Administrative remedies Business records Commerce Commodity exchanges Consultants Crime and Law Enforcement Derivative securities Evidence (Law) Federal Energy Regulatory Commission Finance and Financial Sector Fines (Penalties) Futures trading Government Operations and Politics Government contractors Independent regulatory commissions Injunctions Law Market manipulation Natural gas Securities Securities regulation Trade secrets Witnesses Energy 00 2003-03-04 Introduced in Senate 2006-11-28T17:35:40Z Amends the Natural Gas Act and the Federal Power Act to: (1) repeal subjection of the investigations authority of FERC to the consent of the Office of Management and Budget and any other Federal agency; and (2) increase criminal penalties for violations.

Amends the Commodity Exchange Act to revise requirements for regulation of excluded swap transactions, transactions not on trading facilities, and other off-exchange transactions exempt from such Act but subject to regulations applicable to transactions on derivatives transaction execution facilities. Replaces the designation "electronic trading facilities" with "covered entities." Prescribes requirements for and limitations on CFTC regulation of covered entities. Authorizes the CFTC to establish core principles requiring a covered entity to monitor trading to prevent fraud and price distortion while ensuring adequate resources to discharge its responsibilities and comply with all reporting, notice, and registration requirements.

Revises the prohibition against fraudulent transactions to state that such prohibitions do not impose on parties to transactions subject to the rules of designated contract markets or registered derivative transaction execution facilities any legal duty to provide counterparties or other market participants with any material market information.

Sets a maximum civil penalty for commodity price manipulation of $1 million or triple the monetary gain for each violation, and a maximum ten-year prison term.]]>

Energy Market Oversight Act Display Title Energy Market Oversight Act Official Title as Introduced A bill to modify the authority of the Federal Energy Regulatory Commission to conduct investigations, to increase the penalties for violations of the Federal Power Act and Natural Gas Act, to authorize the Chairman of the Federal Energy Regulatory Commission to contract for consultant services, and for other purposes. Introduced in Senate IS Short Titles as Introduced Energy Market Oversight Act Introduced in Senate 2003-03-04T05:00:00Z 2003-03-04 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.