3.0.0 3009 2023-01-11T21:19:38Z 2023-01-11T21:19:38Z House H HR 2007-07-12 110 hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Referred to 2008-04-25T18:37:43Z Referred to 2007-07-12T14:00:36Z 2008-04-25 hsag00 Agriculture Committee 1 House committee actions Executive Comment Requested from Commodity Futures Trading Com. Committee 2008-04-25 hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee 1 House committee actions Referred to the Subcommittee on General Farm Commodities and Risk Management. Committee 2007-07-12 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2007-07-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-07-12 Introduced in House IntroReferral 1000 9 Library of Congress B001252 Rep. Barrow, John [D-GA-12] John Barrow D GA 12 N G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2007-07-12 True Finance and Financial Sector Administrative procedure Commerce Commodity Futures Trading Commission Commodity exchanges Crime and Law Enforcement Derivative securities Energy Fines (Penalties) Foreign Trade and International Finance Futures trading Gas industry Government Operations and Politics Government paperwork Government publicity Independent regulatory commissions Information disclosure (Securities law) Law Natural gas Swaps (Finance) Finance and Financial Sector 00 2007-07-12 Introduced in House 2007-09-24T16:06:56Z Market Transparency Reporting of United States Transactions Act of 2007 - Amends the Commodity Exchange Act to define "included natural gas transaction" as a contract, agreement, or transaction in natural gas that is entered into: (1) in reliance on the provisions regarding either excluded swap transactions or the legal certainty for certain transaction in exempt commodities; or (2) by use of a domestic technology or software providing direct access to a foreign board of trade. (Thus places natural gas transactions within the jurisdiction of the Commodity Futures Trading Commission (CFTC).)

Prescribes recordkeeping and disclosure requirements governing natural gas in swap transactions, positions, inventories and commitments otherwise excluded from CFTC jurisdiction ("over-the-counter transactions").

Requires the CFTC to: (1) establish a reporting system regarding large positions in included natural gas transactions; (2) publish on a regular basis the information reported to it regarding such transactions; and (3) promulgate rules or regulations to implement this Act.

Requires the CFTC reporting system to include aggregate reportable positions held by commercial and noncommercial persons.

Increases civil money penalties for violations of this Act. Revises criminal penalties.

]]> Market Transparency Reporting of United States Transactions Act of 2007 Official Title as Introduced To enhance transparency of trading in over-the-counter derivatives in natural gas. Introduced in House IH Display Title Market Transparency Reporting of United States Transactions Act of 2007 Short Titles as Introduced Market Transparency Reporting of United States Transactions Act of 2007 Introduced in House 2007-07-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3009ih/xml/BILLS-110hr3009ih.xml 2008-04-25 Executive Comment Requested from Commodity Futures Trading Com. 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.