[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 3013 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 3013

To amend the Commodity Exchange Act to prevent manipulation of physical 
              commodities prices, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                           December 12, 2014

 Mr. Levin (for himself and Mr. McCain) introduced the following bill; 
  which was read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

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                                 A BILL


 
To amend the Commodity Exchange Act to prevent manipulation of physical 
              commodities prices, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ending Insider Trading in 
Commodities Act''.

SEC. 2. PROHIBITION REGARDING MANIPULATION AND USE OF NONPUBLIC 
              INFORMATION.

    (a) In General.--In section 6(c) of the Commodity Exchange Act (7 
U.S.C. 9), strike paragraph (3) and insert the following:
            ``(3) Other manipulation.--In addition to the prohibition 
        under paragraph (1), it shall be unlawful--
                    ``(A) for any person, directly or indirectly, to 
                manipulate or attempt to manipulate the price of any 
                swap, or of any commodity in interstate commerce, or of 
                any contract for future delivery on or subject to the 
                rules of any registered entity; and
                    ``(B) for any large financial institution, directly 
                or indirectly, to purchase or sell any swap, or any 
                commodity in interstate commerce, or any contract for 
                future delivery of any commodity, while in possession 
                of material, nonpublic information related to the 
                storage, shipment, or use of the commodity arising from 
                the ownership or interest of the person in a business 
                or facility used to store, ship, or use the 
                commodity.''.
    (b) Effectiveness.--The amendment made by subsection (a)--
            (1) shall take effect on the date that is 30 days after the 
        date of enactment of this Act; and
            (2) is not conditioned on the adoption of any rule or 
        regulation by the Commodity Futures Trading Commission.
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