GovTrack’s Bill Summary
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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
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
- Cosponsors
-
22 cosponsors (22D) (show)
- Committees
-
The committee chair determines whether a bill will move past the committee stage.
- Primary Source
-
THOMAS.gov (The Library of Congress)
GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.
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- Citation
-
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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.
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
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
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