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.
The bill’s titles are written by its sponsor.
Sponsor and status
110th Congress (2007–2009)
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.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
22 Cosponsors (22 Democrats)
Position statements
What legislators are saying
“Anti-speculation bill blocked in House”
—
Sen. Peter Welch [D-VT]
(Co-sponsor)
on Aug 4, 2008
“McNerney Takes Steps to Address High Gas Prices”
—
Rep. Jerry McNerney [D-CA9, 2013-2022]
on Jun 26, 2008
“Anti-speculation bill blocked in House”
—
Sen. Peter Welch [D-VT]
(Co-sponsor)
on Jul 30, 2008
History
H.R. 6377 (110th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 6377. This is the one from the 110th Congress.
This bill was introduced in the 110th Congress, which met from Jan 4, 2007 to Jan 3, 2009. Legislation not passed by the end of a Congress is cleared from the books.
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“H.R. 6377 — 110th Congress: Energy Markets Emergency Act of 2008.” www.GovTrack.us. 2008. October 2, 2023 <https://www.govtrack.us/congress/bills/110/hr6377>
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
