3.0.0 6976 2019-11-15T20:46:43Z 2019-11-15T20:46:43Z House H HR 2008-09-18 110 hsag00 Agriculture Committee House Standing Referred to 2008-09-18T14:05:20Z Commodity Markets Transparency and Accountability Act of 2008 110 6604 HR 2008-10-02 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Related bill CRS 2008-09-22 Sponsor introductory remarks on measure. (CR E1851) IntroReferral B00100 9 Library of Congress 2008-09-18 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2008-09-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-18 Introduced in House IntroReferral 1000 9 Library of Congress T000057 Rep. Tauscher, Ellen O. [D-CA-10] ELLEN TAUSCHER D CA O. 10 N D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 2008-09-18 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2008-09-18 True 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 2008-09-18 Introduced in House 2008-12-12T21:38:39Z Preventing Manipulation in Commodity Markets 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.

]]> Preventing Manipulation in Commodity Markets Act of 2008 Short Titles as Introduced Preventing Manipulation in Commodity Markets Act of 2008 Display Title Preventing Manipulation in Commodity Markets 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. Introduced in House 2008-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6976ih/xml/BILLS-110hr6976ih.xml 2008-09-22 Sponsor introductory remarks on measure. (CR E1851) 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.