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)
Status:
Died (Referred to Committee)
Sponsor
Maurice Hinchey
Representative for New York's 22nd congressional district
Party
Democrat
Text
Read Text »
Last Updated
Apr 19, 2012
Length
5 pages
Related Bills
S. 2222 (identical)

Referred to Committee
Last Action: Mar 21, 2012

H.R. 4391 (Related)
To require the Commodity Futures Trading Commission to take certain actions to reduce excessive ...

Referred to Committee
Last Action: Apr 18, 2012

 
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
 
 
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

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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

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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