II 112th CONGRESS 2d Session S. 2238 IN THE SENATE OF THE UNITED STATES March 27, 2012 Mr. Pryor introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Commodity Exchange Act to require a regulation to limit the aggregate positions of nontraditional bona fide hedgers in petroleum and related products.

1.

Position limits for petroleum and related products

Section 4a(a)(6) of the Commodity Exchange Act (7 U.S.C. 6a(a)(6)) is amended— (1)by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively, and indenting appropriately; (2)by striking The Commission shall and inserting the following: (A)

In general

The Commission shall ; and (3)by adding at the end the following: (B)

Petroleum and related products

The Commission shall, by regulation, establish limits on the aggregate number or amount of positions in contracts for petroleum or related products that may be held by any person, including any group or class of traders, for each month across contracts described in clauses (i) through (iii) of subparagraph (A), so that— (i)the short position for traditional bona fide hedgers in the aggregate is not less than 50 percent; and (ii)the long position for traditional bona fide hedgers in the aggregate is not less than 50 percent. .