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H.R. 4391

BillFederalHouseIn Committee
To require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.
About This Bill
Committee
Latest Action · May 10, 2012
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Congress
112th (2011–2013)
Introduced
April 18, 2012
Cosponsors (0)
None
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Summary

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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.

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