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H.R. 785

BillFederalHouseIn Committee
Halt Index Trading of Energy Commodities (HITEC) Act
About This Bill
Committee
Latest Action · March 13, 2013
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Congress
113th (2013–2015)
Introduced
February 15, 2013
Cosponsors (21)
21D 0R
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Summary

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Halt Index Trading of Energy Commodities (HITEC) Act - Amends the Commodity Exchange Act to declare unlawful for: (1) a commodity index fund to engage in an energy commodity transaction if any person investing in the fund is an excluded investor, (2) an energy commodity index fund to accept an investment from a person who is an excluded investor, or (3) a commodity index fund to hold an investment in an energy commodity if any person investing in the fund is an excluded investor. Defines "excluded investor" as a person with respect to whom there is no position in an energy commodity which, if held by the person, would be considered a bona fide hedging position.

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