3.0.0 3185 2019-11-15T21:44:46Z 2019-11-15T21:44:46Z Senate S S 2008-06-24 110 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2008-06-24T22:37:08Z Prevent Unfair Manipulation of Prices Act of 2008 110 6330 HR 2008-10-03 Referred to the Subcommittee on General Farm Commodities and Risk Management. Identical bill CRS 2008-06-24 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2008-06-24 Introduced in Senate IntroReferral 10000 9 Library of Congress C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA N W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2008-06-24 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2008-06-24 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2008-06-24 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2008-06-24 True N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2008-06-24 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2008-06-26 False M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2008-07-07 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2008-07-10 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2008-07-14 False W000803 Sen. Webb, Jim [D-VA] James Webb D VA H. "Jim" 2008-07-15 False Finance and Financial Sector Administrative procedure Aviation fuels Coal Commodity Futures Trading Commission Commodity exchanges Congress Congressional oversight Congressional reporting requirements Department of Energy Derivative securities Diesel motor Electric power Energy Energy prices Federal Energy Regulatory Commission Futures trading Government Operations and Politics Government publicity Heating Independent regulatory commissions Injunctions Law Natural gas Petroleum Propane Swaps (Finance) Transportation and Public Works Finance and Financial Sector 00 2008-06-24 Introduced in Senate 2008-09-15T16:32:09Z Prevent Unfair Manipulation of Prices Act of 2008 - Amends the Commodity Exchange Act (CEA) to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to certain transactions in derivatives involving specified energy commodities ("included energy transactions"), including those on foreign boards of trade.

Defines "included energy transaction" as a contract, agreement, or transaction in an energy commodity for future delivery that: (1) provides for a delivery point in the United States; or (2) is transacted on a computer terminal located in the United States.

Prohibits the CFTC from exempting from regulation any "included energy transaction" unless certain notice to Congress and public comment requirements are met. Declares null and void any CFTC "no-action letter" exemptions from CEA requirements for "included energy transactions."

Requires the CFTC to establish uniform limits on the aggregate number of positions with respect to "included energy transactions" which may be held by any person for the prompt month, for each month, and for all months in all markets subject to CFTC jurisdiction.

Excludes swaps involving "included energy transactions" from any CEA exemption for bona fide hedging transactions.

Defines "bilateral included energy transaction" as an included energy transaction executed or traded other than on or through a trading facility. Exempts such transactions from the requirement that transactions be made on or through a designated contract market. Applies to "bilateral included energy transactions" certain reporting and recordkeeping requirements.

Instructs the CFTC to publish monthly on its website: (1) the aggregate number and value of long and short positions held by a person in any portfolio constructed to match or track the components of an index of all commodities; and (2) the portion of the positions that are net long positions in "included energy transactions."

Amends the Natural Gas Act and the Federal Power Act to set forth enforcement powers of the Federal Energy Regulatory Commission (FERC), including cease-and-desist proceedings, temporary orders, and general implementation authority.

]]> Prevent Unfair Manipulation of Prices Act of 2008 Short Titles as Introduced Prevent Unfair Manipulation of Prices Act of 2008 Display Title Prevent Unfair Manipulation of Prices Act of 2008 Official Title as Introduced A bill to provide for regulation of certain transactions involving energy commodities, to strengthen the enforcement authorities of the Federal Energy Regulatory Commission under the Natural Gas Act and the Federal Power Act, and for other purposes. Introduced in Senate 2008-06-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3185is/xml/BILLS-110s3185is.xml 2008-06-24 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.