H.R. 4457 (112th): To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.

Introduced:
Apr 19, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Maurice Hinchey [D-NY22]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 19, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 19, 2012
Referred to Committee Apr 19, 2012
Cosponsors
28 cosponsors (28D) (show)
Committees

House Agriculture

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Apr 19, 2012.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/19/2012--Introduced.
Instructs the Commodity Futures Trading Commission (CFTC) to use its authority (including emergency powers) to:
(1) to curb immediately the role of excessive speculation in any contract market within its jurisdiction and control that is serving as a platform for the trading of energy futures or swaps; and
(2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations, unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities.

House Republican Conference Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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