S.3183 - End Oil Speculation Act of 2008

A bill to amend the Commodity Exchange Act to provide oil and gas price relief by requiring the Commodity Futures Trading Commission to take action to end excessive speculation, and for other purposes. view all titles (3)

Close

All Bill Titles

  • Official: A bill to amend the Commodity Exchange Act to provide oil and gas price relief by requiring the Commodity Futures Trading Commission to take action to end excessive speculation, and for other purposes. as introduced.
  • Popular: End Oil Speculation Act of 2008 as introduced.
  • Short: End Oil Speculation Act of 2008 as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill's Views

  • Today: 4
  • Past Seven Days: 23
  • All-Time: 1,149
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/23/08
 
 
 
 
 
 
 

Official Bill Text Comment on about 12 Pages

Official Summary

6/24/2008--Introduced.End Oil Speculation Act of 2008 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to eliminate manipulation and excessive speculation on petroleum futures markets by investigation, regulation, and rulemaking, while distingui
Close

Official Summary

6/24/2008--Introduced.
End Oil Speculation Act of 2008 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to eliminate manipulation and excessive speculation on petroleum futures markets by investigation, regulation, and rulemaking, while distinguishing between:
(1) transactions by commercial producers and purchasers (as well as counterparties) involving actual physical petroleum products for future delivery ("legitimate hedge trading"); and
(2) all other trading. Instructs the CFTC to review and:
(1) revoke or modify prior action regarding certain transactions, participants, or petroleum futures market activity that is not a legitimate hedge trade; and
(2) consider revoking results of prior actions that have the effect of limiting, reducing, or eliminating the full applicability of position limits on trading that is not legitimate hedge trading, or the filing of any report or data regarding a trade or trader. Directs the CFTC to set margin requirements of at least 25% for any trading that is not legitimate hedge trading. Directs the CFTC to subject to its regulation any person engaging in a petroleum futures market activity in any location unless and until the activity occurs in a market or exchange whose regulations are substantially identical to CFTC regulations and are fully enforced. Requires the CFTC to ensure that petroleum futures market participant activities are fully and accurately disclosed. Instructs the CFTC to convene a working group of international regulators to develop uniform international oversight to protect petroleum futures markets from excessive speculation and other specified practices that pose systemic risks.

...Read the Rest

FEED

Recent News Coverage

Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.

Information made available by Daily Life
FEED

Recent Blog Coverage

View All (8)  |  View Top Rated

12/10/08
W S J Warszawa - jaron.salon24.pl

S. 3183: End Oil Speculation Act of 2008 - H.R. 6377: Energy Markets Emergency Act of 2008. Eliminacja importu ropy naftowej z Bliskiego Wschodu I Wenezueli. · Ostrzejsza polityka licencyjna wobec wydobywających ropę i gaz (“Use it or ...

Source: kejow: Najnowsze informacje
Add to My Political Notebook Save to Notebook Rate
11/04/08
Barack Obama i energia

S. 3183: End Oil Speculation Act of 2008 - HR 6377: Energy Markets Emergency Act of 2008 - S. 3255: Over-the-Counter Speculation Act - S. 3205: Energy Markets Emergency Act of 2008 - S. 3248: Commodity Speculation Reform Act of 2008 ...

Source: Blog Andrzeja Szczęśniaka
Add to My Political Notebook Save to Notebook Rate
11/03/08
Szczęśniak: Barack Obama i energia - Bankier.pl

S. 3183: End Oil Speculation Act of 2008 - H.R. 6377: Energy Markets Emergency Act of 2008 - S. 3255: Over-the-Counter Speculation Act - S. 3205: Energy Markets Emergency Act of 2008 - S. 3248: Commodity Speculation Reform Act of 2008 ...

Source: Bankier.pl - Giełda
Add to My Political Notebook Save to Notebook Rate
Information made available by Technorati



Users tracking S.3183 (2) are also tracking:

Bills People








Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Senator a Letter

about this bill Support Oppose Tracking
Track with MyOC
Save to Notebook Make A Bill Widget

Recent OC Blog Articles

OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a mission to increase civic engagement. The non-profit Sunlight Foundation is the Founding and Primary Supporter of OpenCongress.