3.0.0 2423 2023-01-11T13:15:26Z 2023-01-11T13:15:26Z Senate S S 2007-12-06 110 ssev00 Environment and Public Works Committee Senate Standing Referred to 2007-12-06T19:05:59Z 2007-12-06 ssev00 Environment and Public Works Committee Senate Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S14852-14853) IntroReferral 2007-12-06 Sponsor introductory remarks on measure. (CR S14851-14852) IntroReferral B00100 9 Library of Congress 2007-12-06 Introduced in Senate IntroReferral 10000 9 Library of Congress F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2008-01-22 False Environmental Protection Administrative procedure Auctions Commerce Crime and Law Enforcement Economics and Public Finance Emissions trading Environmental Protection Agency Fines (Penalties) Fraud Government Operations and Politics Government paperwork Law Prices Restrictive trade practices Environmental Protection 00 2007-12-06 Introduced in Senate 2008-03-13T21:57:44Z Emission Allowance Market Transparency Act of 2007 - Directs the Administrator of the Environmental Protection Agency (EPA) to promulgate regulations to facilitate price transparency in markets for the sale of emission allowances (any allowance, credit, or other permit issued for use in offsetting the emissions of any pollutant by an individual or entity), including regulations to provide for the timely dissemination of information regarding the availability and prices of emission allowances with respect to the Administrator, state regulatory authorities, buyers and sellers of emission allowances, and the public. Directs the Administrator to use information and services provided by publishers and providers of trade processing services to the maximum extent practicable.

Prohibits: (1) knowingly providing to the Administrator false information relating to the price or quantity of emission allowances sold, purchased, transferred, banked, or borrowed with the intent to fraudulently affect the data; (2) using, in connection with the purchase or sale of an emission allowance, any manipulative or deceptive device or contrivance in contravention of regulations prescribed to protect the public interest or consumers; or (3) cheating or defrauding another market participant, client, or customer. Directs the Administrator to monitor trading to prevent false reporting, manipulation, and fraud.

Requires the Administrator, to prevent excessive speculation, to adopt limitations on: (1) the quantity of trading transactions allowed and the positions that may be held in any emission allowance market; and (2) emission allowance auctions. Sets penalties for violations.

]]> Emission Allowance Market Transparency Act of 2007 Display Title Emission Allowance Market Transparency Act of 2007 Short Titles as Introduced Emission Allowance Market Transparency Act of 2007 Official Title as Introduced A bill to facilitate price transparency in markets for the sale of emission allowances, and for other purposes. Introduced in Senate 2007-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2423is/xml/BILLS-110s2423is.xml 2007-12-06 Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S14852-14853) 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.