s 8 51446 1214280000 false 1214280000 3183 475 110 300037

6/24/2008--Introduced.<br/>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 (&quot;legitimate hedge trading&quot;); 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.

1214280000 2008-06-24 Fri Nov 07 18:57:23 -0600 2008 introduced 51446 'act':8 'end':27 'gas':13 'oil':11 'bill':2 'take':24 'amend':4 'futur':20 'price':14 'trade':21 'action':25 'commod':6,19 'excess':28 'provid':10 'purpos':33 'relief':15 'requir':17 'specul':29 'commiss':22 'exchang':7 61560 false official introduced 51446 'act':4 'end':1 'oil':2 '2008':6 'specul':3 61613 true popular introduced 51446 'act':4 'end':1 'oil':2 '2008':6 'specul':3 61908 false short introduced 51446 1214280000 Tue Jun 24 00:00:00 -0500 2008 164692 D000432 1942-05-14 8045 322 Hart Senate Office Building http://dorgan.senate.gov/contact/contact_form.cfm 202-224-1193 Byron 'd':4 'nd':5 'sen':1 'byron':2,6,8 'dorgan':3,7,9 M 300037 Dorgan Byron_Dorgan L. Sen. Byron Dorgan [D, ND] 4821 N00004615 8248 Democrat 202-224-2551 Lutheran ND Byron Dorgan 4.73684210526316 http://dorgan.senate.gov senatordorgan C000174 1947-01-23 3124 513 Hart Senate Office Building http://carper.senate.gov/contact/ 202-228-2190 Thomas 'd':4 'de':5 'sen':1 'thoma':2,6,8 'carper':3,7,9 M 300019 Carper Thomas_Carper Richard Sen. Thomas Carper [D, DE] 1266 N00012508 7277 Democrat 202-224-2441 Presbyterian DE Tom Thomas Carper 3.22222222222222 http://carper.senate.gov N000032 1942-09-29 8762 716 Hart Senate Office Building http://billnelson.senate.gov/contact/email.cfm 202-228-2183 Bill 'd':4 'fl':5 'sen':1 'bill':2,6,8 'nelson':3,7,9 M 300078 Nelson Bill_Nelson Sen. Bill Nelson [D, FL] 4301 N00009926 18909 Democrat 202-224-5274 Presbyterian FL Bill Nelson 2.19791666666667 http://billnelson.senate.gov/ SenBillNelson introduced 51446 1214280000 Tue Jun 24 00:00:00 -0500 2008 164692 action 51446 1214280000 Tue Jun 24 00:00:00 -0500 2008 164693 Sponsor introductory remarks on measure. (CR S6021-6022) action 51446 1214280000 Tue Jun 24 00:00:00 -0500 2008 164694 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.