3.0.0 6604 2022-02-27T13:49:45Z 2022-02-27T13:49:45Z House H HR 2008-07-24 110 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2008-10-02T19:57:37Z hsag00 Agriculture Committee House Standing Referred to 2008-07-24T14:02:45Z Preventing Manipulation in Commodity Markets Act of 2008 110 6976 HR 2008-09-22 Sponsor introductory remarks on measure. (CR E1851) Related bill CRS Providing for consideration of the bill (H.R. 6604) to amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes. 110 1449 HRES 2008-09-18 Motion to reconsider laid on the table Agreed to without objection. 12:23:44 Procedurally-related House 2008-10-02 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2008-09-22 Senate Received in the Senate. IntroReferral 2008-09-18 14:11:32 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2008-09-18 14:11:31 On passage Passed by recorded vote: 283 - 133 (Roll no. 608). (text: CR H8413-8419) Floor H37100 2 House floor actions 608 https://clerk.house.gov/evs/2008/roll608.xml House 110 2008-09-18T18:11:31Z 2 2008-09-18 14:11:31 Passed/agreed to in House: On passage Passed by recorded vote: 283 - 133 (Roll no. 608).(text: CR H8413-8419) Floor 8000 9 Library of Congress 608 https://clerk.house.gov/evs/2008/roll608.xml House 110 2008-09-18T18:11:31Z 2 2008-09-18 14:00:34 On motion to recommit with instructions Failed by the Yeas and Nays: 196 - 221 (Roll no. 607). Floor H36110 2 House floor actions hsag00 Agriculture Committee 607 https://clerk.house.gov/evs/2008/roll607.xml House 110 2008-09-18T18:00:34Z 2 2008-09-18 13:36:27 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H8427) Floor H8A000 2 House floor actions 2008-09-18 13:30:38 DEBATE - The House proceeded with ten minutes of debate on the Moran (KS) motion to recommit. The instructions contained in the motion seek to add an amendment stating when the provisions of the bill shall become effective. Floor H8D000 2 House floor actions 2008-09-18 13:30:19 Mr. Moran (KS) moved to recommit with instructions to Agriculture. (consideration: CR H827-8429; text: CR H8427) Floor H36100 2 House floor actions hsag00 Agriculture Committee 2008-09-18 12:25:47 DEBATE - The House proceeded with one hour of debate on H.R. 6604. Floor H8D000 2 House floor actions 2008-09-18 12:23:58 Rule provides for consideration of H.R. 6604 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute printed in the report of the Committee on Rules accompanying this resolution shall be considered as adopted. Floor H8D000 2 House floor actions 2008-09-18 12:23:53 Considered under the provisions of rule H. Res. 1449. (consideration: CR H8413-8429; text of measure as introduced: CR H8413-8416) Floor H30000 2 House floor actions 2008-09-18 12:23:43 Rule H. Res. 1449 passed House. Floor H1L220 2 House floor actions 2008-09-17 18:23:27 Rules Committee Resolution H. Res. 1449 Reported to House. Rule provides for consideration of H.R. 6604 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute printed in the report of the Committee on Rules accompanying this resolution shall be considered as adopted. Floor H1L210 2 House floor actions 2008-07-30 14:55:56 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2008-07-30 14:55:55 On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 276 - 151 (Roll no. 540). Floor H37300 2 House floor actions 540 https://clerk.house.gov/evs/2008/roll540.xml House 110 2008-07-30T18:55:55Z 2 2008-07-30 14:55:55 Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 276 - 151 (Roll no. 540). Floor 9000 9 Library of Congress 540 https://clerk.house.gov/evs/2008/roll540.xml House 110 2008-07-30T18:55:55Z 2 2008-07-30 13:26:05 DEBATE - The House proceeded with forty minutes of debate on H.R. 6604. Floor H8D000 2 House floor actions 2008-07-30 13:26:03 Considered under suspension of the rules. (consideration: CR H7519-7530; text of measure as introduced: CR H7519-7522) Floor H30000 2 House floor actions 2008-07-30 13:25:20 Mr. Peterson (MN) moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2008-07-24 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2008-07-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-07-24 Introduced in House IntroReferral 1000 9 Library of Congress P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 N E000226 Rep. Etheridge, Bob [D-NC-2] BOB ETHERIDGE D NC 2 2008-07-24 True S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2008-07-30 False C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2008-07-30 False H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 2008-07-30 False H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2008-07-30 False P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND 0 2008-07-30 False C001074 Rep. Childers, Travis [D-MS-1] Travis Childers D MS 1 2008-07-30 False S001158 Rep. Salazar, John T. [D-CO-3] John Salazar D CO T. 3 2008-07-30 False B001252 Rep. Barrow, John [D-GA-12] John Barrow D GA 12 2008-07-30 False 2008-09-29T04:00:00Z H.R. 6604, Commodity Markets Transparency and Accountability Act of 2008 http://www.cbo.gov/publication/20333 <p>Cost estimate for the bill as passed by the House of Representatives on September 18, 2008</p> 2008-09-29T04:00:00Z H.R. 6604, Commodity Markets Transparency and Accountability Act of 2008 https://www.cbo.gov/publication/20333 Cost estimate for the bill as passed by the House of Representatives on September 18, 2008 Agriculture and Food Administrative law and regulatory procedures Advisory bodies Agricultural prices, subsidies, credit Banking and financial institutions regulation Business records Commodities markets Commodity Futures Trading Commission Congressional oversight Energy prices Financial services and investments Government employee pay, benefits, personnel management Government information and archives Government studies and investigations Securities Trade restrictions U.S. and foreign investments Agriculture and Food 00 2008-07-24 Introduced in House 2008-12-12T21:41:17Z Commodity Markets Transparency and Accountability Act of 2008 - Amends the Commodity Exchange Act to define "energy commodity."

Prohibits the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its U.S-located members with access to the CFTC electronic trading system and order matching system for energy or agricultural commodities unless such board meets requirements similar to those imposed upon U.S. exchanges.

Subjects swap transactions, transactions for agricultural and energy commodities, and large traders in over-the-counter contracts to reporting and recordkeeping requirements.

Directs the Commission to: (1) set position limits for any one person with respect to designated contract markets, derivative transaction execution facilities, and electronic trading facilities; (2) convene a Position Limit Agricultural Advisory Group and a Position Limit Energy Group; (3) appoint at least 100 new full-time employees; (4) review prior actions to ensure compliance with this Act; and (5) review over-the-counter markets.

Revises the core principles applicable to position limits for contracts in agricultural and energy commodities to require position limits for speculators.

Directs the Government Accountability Office (GAO) to conduct a study of: (1) the international regime for regulating the trading of energy commodity futures and derivatives; and (2) speculators' effects on agriculture and energy futures markets and prices.

Directs the Commission to: (1) require regular reporting of fungible over-the-counter agricultural and energy transactions; and (2) determine if such transactions have the potential to disrupt market liquidity or cause market or price disturbances, and if so, to use its discretion to impose position limits.

Authorizes the Commission to use expedited procedures to carry out this Act.

]]> 36 2008-09-18 Passed House amended 2009-02-26T17:36:29Z Commodity Markets Transparency and Accountability Act of 2008 - (Sec. 3) Amends the Commodity Exchange Act to define "energy commodity" as (1) coal; (2) crude oil, gasoline, diesel fuel, jet fuel, heating oil, and propane; (3) electricity; (4) natural gas; and (5) any other substance that is used as an energy source as determined by the Commodity Futures Trading Commission (CFTC).

(Sec. 4) Prohibits CFTC from permitting a foreign board of trade (FBOT) providing its U.S-located members with access to the CFTC electronic trading system and order matching system for energy or agricultural commodities, unless such board meets requirements similar to those imposed upon U.S. exchanges. Subjects to such provision 180 days after enactment of this Act FBOTs which had previously been granted direct access.

States that: (1) a person registered with CFTC or exempt from registration shall not be in violation of the exchange-trading requirement if such person had reason to believe that the futures contract in question was traded on a foreign-regulated FBOT that had not been determined by CFTC to be operating in violation of futures trading provisions; and (2) a futures contract executed through an FBOT that is not in compliance with this Act shall be enforceable.

(Sec. 5) Directs CFTC to disaggregate and publicly provide within 30 days of a final rule: (1) the number of positions and total value of index funds in the energy and agriculture markets; and (2) data on speculative positions relative to their bona fide physical hedgers.

(Sec. 6) Subjects index traders, swap dealers, transactions for agricultural and energy commodities, and large traders in over-the-counter contracts to reporting and recordkeeping requirements.

(Sec. 8) Directs CFTC to: (1) set position limits for any one person with respect to designated contract markets, derivative transaction execution facilities, and electronic trading facilities; (2) convene a Position Limit Agricultural Advisory Group and a Position Limit Energy Group.

(Sec. 9) Revises the core principles applicable to position limits for contracts in agricultural and energy commodities to require position limits for speculators.

(Sec. 10) Directs CFTC to appoint at least 100 new full-time employees to increase agriculture and energy market transparency and improve enforcement.

(Sec. 11) Directs CFTC to review: (1) prior actions to ensure compliance with this Act; and (2) over-the-counter markets.

(Sec. 12) Directs: (1) CFTC to study the efficacy, practicality, and consequences of establishing position limits, other than bona fide hedge positions, that may be held by any person with respect to certain agreements, contracts, or transactions involving an agricultural or energy commodity; (2) the Government Accountability Office (GAO) to study the international regime for regulating the trading of energy commodity futures and derivatives; and (3) CFTC to study speculators' effects on agriculture and energy futures markets and prices.

(Sec. 14) Directs CFTC to: (1) require regular reporting of fungible over-the-counter agricultural and energy transactions; and (2) determine if such transactions have the potential to disrupt market liquidity or cause market or price disturbances, and if so, to use its discretion to impose position limits.

(Sec. 15) Authorizes CFTC to use expedited procedures to carry out this Act.

]]> Commodity Markets Transparency and Accountability Act of 2008 Short Titles as Introduced Commodity Markets Transparency and Accountability Act of 2008 Short Titles as Passed House Commodity Markets Transparency and Accountability Act of 2008 H House Display Title Commodity Markets Transparency and Accountability Act of 2008 Official Title as Introduced To amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes. 1172 110 HAMDT Amendment offered in the nature of a substitute. Pursuant to the provisions of H.Res. 1449, the Amendment in the Nature of a Substitute printed in House Report 110-859 is adopted. 2022-02-03T05:38:17Z 2008-09-18 On agreeing to the Rules amendment (A001) Agreed to by voice vote. 12:25:37 Rules Committee 2008-09-18T04:00:00Z House of Representatives 110 HR House H 6604 Commodity Markets Transparency and Accountability Act of 2008 2022-02-27T13:49:45Z H.Res. 1449 https://www.congress.gov/bill/110th-congress/house-resolution/1449 House Report 110-859 https://www.congress.gov/congressional-report/110th-congress/house-report/859 7 2008-09-18 12:25:37 On agreeing to the Rules amendment (A001) Agreed to by voice vote. Floor H34111 2 House floor actions 2008-09-18 12:24:36 Amendment in the nature of a substitute reported by the House Committee on Rules. (consideration: CR H8427-8429; text: CR H8416-8419) Floor H3A100 2 House floor actions 2008-09-18 12:24:36 House amendment offered/reported by : Amendment in the nature of a substitute reported by the House Committee on Rules.(consideration: CR H8427-8429; text: CR H8416-8419) NotUsed 71500 9 Library of Congress 2008-09-18 12:25:37 House amendment agreed to: On agreeing to the Rules amendment (A001) Agreed to by voice vote. Floor 72000 9 Library of Congress 2008-09-18 12:25:37 Amendment agreed to by House: On agreeing to the Rules amendment (A001) Agreed to by voice vote. NotUsed 79000 9 Library of Congress 2008-09-18 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2008-10-02T04:00:00Z Engrossed in House 2008-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6604eh/xml/BILLS-110hr6604eh.xml Introduced in House 2008-07-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6604ih/xml/BILLS-110hr6604ih.xml 2008-10-02 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.