3.0.0 6921 2019-11-15T20:46:43Z 2019-11-15T20:46:43Z House H HR 2008-09-17 110 hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Referred to 2008-11-19T23:51:16Z Referred to 2008-09-17T14:02:15Z 2008-11-19 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 2008-09-17 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2008-09-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-17 Introduced in House IntroReferral 1000 9 Library of Congress M000934 Rep. Moran, Jerry [R-KS-1] Jerry Moran R KS 1 N Finance and Financial Sector Administrative law and regulatory procedures Appropriations Banking and financial institutions regulation Business records Civil actions and liability Commodities markets Commodity Futures Trading Commission Computers and information technology Congressional oversight Energy prices Executive agency funding and structure Financial services and investments Fraud offenses and financial crimes Government employee pay, benefits, personnel management Government information and archives Oil and gas Securities U.S. and foreign investments Finance and Financial Sector 00 2008-09-17 Introduced in House 2008-12-11T21:57:35Z Commodity Prices Oversight and Transparency Act of 2008 - Expresses the sense of the House of Representatives that the President should immediately send to Congress a request for additional appropriations for FY2008 for the Commodity Futures Trading Commission (CFTC) to: (1) help restore public confidence in commodity futures markets and federal oversight of those markets; (2) allow the CFTC to reduce the potential threat of market manipulation or congestion by potential imposition of position limitations for speculators should the CFTC determine the absence of position limitations for speculators is causing an increase in the price of oil, gasoline, diesel, and other energy commodities; (3) improve its information technology capabilities significantly; and (4) fund at least 100 new full-time positions to regulate such markets.

Amends the Commodity Exchange Act (Act) to direct the CFTC to appoint additional full-time employees.

Directs the CFTC to take specified steps to enforce and promote accountability and transparency for contracts trading on foreign boards of trade.

Shields from liability certain persons trading on a legally organized foreign board of trade.

States that no contract of sale of a commodity for future delivery transacted through the facilities of a board of trade, exchange, or market located outside the United States shall be void, voidable, or unenforceable, and no party to such contract shall be entitled to rescind or recover any payments made with respect to such contract based upon the noncompliance of the foreign board of trade with such Act.

Requires the CFTC to: (1) issue a proposed rule governing reporting requirements for index traders and swap dealers in futures markets for exempt and agricultural commodities; (2) disaggregate and make public monthly information on the positions and value of index funds and other passive positions material to a commodity futures or options markets; and (3) report to certain congressional committees on the scope of commodity index trading in the futures market, including whether such trading adversely affects price discovery in the futures markets.

]]> Commodity Prices Oversight and Transparency Act of 2008 Short Titles as Introduced Commodity Prices Oversight and Transparency Act of 2008 Display Title Commodity Prices Oversight and Transparency Act of 2008 Official Title as Introduced To provide additional oversight and transparency to the commodity futures markets by authorizing greater resources and authority for the Commodity Futures Trading Commission, and for other purposes. Introduced in House 2008-09-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6921ih/xml/BILLS-110hr6921ih.xml 2008-11-19 Referred to the Subcommittee on General Farm Commodities and Risk Management. 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.