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H.R. 1406: APEX Act

The text of the bill below is as of Feb 27, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 1406

IN THE HOUSE OF REPRESENTATIVES

February 27, 2019

(for himself and Mr. Buck) introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To extend the jurisdiction of the Commodity Futures Trading Commission to include the setting of reference prices for aluminum premiums, and for other purposes.

1.

Short title

This Act may be cited as the Aluminum Pricing Examination Act or the APEX Act.

2.

Jurisdiction of the Commodity Futures Trading Commission over the setting of reference prices for aluminum premiums

Section 2(a)(1) of the Commodity Exchange Act (7 U.S.C. 2(a)(1)) is amended by adding at the end the following:

(E)
(i)

The Commission shall have exclusive jurisdiction over the setting of reference prices for aluminum premiums.

(ii)
(I)

The Commission shall consult with the Attorney General on any relevant information, allegations of anticompetitive conduct, or marketplace analysis in the setting or reporting of such a reference price.

(II)

The Commission shall afford the Attorney General an opportunity to review any regulation or guideline proposed by the Commission in carrying out this subparagraph to ensure that the regulation or guideline is consistent with the goals and purposes of the antitrust laws.

(III)

The Attorney General may cooperate with, and share relevant information with, the Commission, with respect to the setting of such a reference price, and shall review any such proposed regulation or guideline to ensure that the regulation or guideline is in accordance with the goals and purposes of the antitrust laws.

(IV)

The Attorney General shall transmit to the Commission the views of the Attorney General on any such proposed regulation or guideline.

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