H.R. 6377 (110th): Energy Markets Emergency Act of 2008

Introduced:
Jun 26, 2008 (110th Congress, 2007–2009)
Status:
Died (Passed House)
Sponsor
Collin Peterson
Representative for Minnesota's 7th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Jul 08, 2008
Length
6 pages
Related Bills
S. 3205 (identical)

Referred to Committee
Last Action: Jun 26, 2008

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on June 26, 2008 but was never passed by the Senate.

Progress
Introduced Jun 26, 2008
Referred to Committee Jun 26, 2008
Passed House Jun 26, 2008
 
Full Title

To direct the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately the role of excessive speculation in any contract market within the jurisdiction and control of the Commodity Futures Trading Commission, on or through which energy futures or swaps are traded, and to eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or 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.

Summary

No summaries available.

Votes
On Motion to Suspend the Rules and Pass
Jun 26, 2008 5:36 p.m.
Passed 402/19

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


6/26/2008--Passed House without amendment.
Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to:
(1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded; and
(2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or 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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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