Emission Allowance Market Transparency Act of 2007

A bill to facilitate price transparency in markets for the sale of emission allowances, and for other purposes.

12/6/2007--Introduced.
Emission Allowance Market Transparency Act of 2007 - Directs the Administrator of the Environmental Protection Agency (EPA) to promulgate regulations to facilitate price transparency in markets for the sale of emission allowances (any allowance, credit, or other permit issued for use in offsetting the emissions of any pollutant by an individual or entity), including regulations to provide for the timely dissemination of information regarding the availability and prices of emission allowances with respect to the Administrator, state regulatory authorities, buyers and sellers of emission allowances, and the public. Directs the Administrator to use information and services provided by publishers and providers of trade processing services to the maximum extent practicable.
Prohibits:
(1) knowingly providing to the Administrator false information relating to the price or quantity of emission allowances sold, purchased, transferred, banked, or borrowed with the intent to fraudulently affect the data;
(2) using, in connection with the purchase or sale of an emission allowance, any manipulative or deceptive device or contrivance in contravention of regulations prescribed to protect the public interest or consumers; or
(3) cheating or defrauding another market participant, client, or customer. Directs the Administrator to monitor trading to prevent false reporting, manipulation, and fraud.
Requires the Administrator, to prevent excessive speculation, to adopt limitations on:
(1) the quantity of trading transactions allowed and the positions that may be held in any emission allowance market; and
(2) emission allowance auctions. Sets penalties for violations.


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Sponsor

• Sen. Dianne Feinstein [D, CA]
• and 1 Co-Sponsors
  • Sen. Olympia Snowe [R, ME]
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Committees

• Senate Environment and Public Works

Amendments

This bill has no amendments.

Amendments to S.2423

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
December 06, 2007

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All Bill Actions

• Dec 06, 2007: Read twice and referred to the Committee on Environment and Public Works.
• Dec 06, 2007: Sponsor introductory remarks on measure. (CR S14851-14852)
• Introduced on Dec 06, 2007.

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Related Issue Areas:

• Restrictive trade practices
• Prices
• Law
• Government paperwork
• 13 more
• Government information
• Fraud
• Fines (Penalties)
• Executive departments
• Environmental protection
• Environmental Protection Agency
• Emissions trading
• Economic policy
• Criminal justice
• Business
• Auctions
• Administrative procedure
• Air pollution

Data from the Congressional Research Service

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Blog Coverage

December 05, 2007 S. 2423, A bill to facilitate price transparency in markets for ...

S. 2423 would facilitate price transparency in markets for the sale of emission allowances.... Vote on This Bill: For | Against.

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December 05, 2007 Introduced Bill: S.2423

A bill to facilitate price transparency in markets for the sale of emission allowances, and for other purposes.

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Source: Open Congress : Sen. Dianne Feinstein [D, CA]

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December 05, 2007 Bill Action: Introduced: S. 2423: A bill to facilitate price ...

Sen. Dianne Feinstein [D-CA] introduced S. 2423: A bill to facilitate price transparency in markets for the sale of emission allowances, and for other purposes. [This event matched these trackers: Active Legislation ]

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Source: Active Legislation -- Tracked by govtrack.us

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