US Congress House Bill 4391 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 18 2012 - 25% progression, died in committee
Action: 2012-05-10 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
Pending: House Subcommittee on General Farm Commodities and Risk Management Committee
Text: Latest bill text (Introduced) [PDF]

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; and (3) prioritize finalizing and enforcing a position limits regime designed to diminish, eliminate, or prevent excessive speculation in energy markets.

To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.

Rep. Kathleen Hochul [D-NY]

Date	Chamber	Action
2012-05-10	House	Referred to the Subcommittee on General Farm Commodities and Risk Management.
2012-04-18	House	Referred to the House Committee on Agriculture.

SB2222 (Related) 2012-03-21 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
HB4457 (Related) 2012-05-10 - Referred to the Subcommittee on General Farm Commodities and Risk Management.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/4391/all-info
Text	https://www.congress.gov/112/bills/hr4391/BILLS-112hr4391ih.pdf