s 147 51662 1216094400 false 1216991880 1216958400 29 3268 3327 110 300082

7/15/2008--Introduced.<br/>Stop Excessive Energy Speculation Act of 2008 - Amends the Commodity Exchange Act to extend its coverage to energy commodities such as petroleum products and natural gas.<br/>Prohibits the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its members or other participants subject to CFTC jurisdiction direct access to its electronic trading and order matching system unless it meets specified requirements.<br/>Authorizes the CFTC to require recordkeeping by any person either located within the United States or entering trades directly into the trade matching system of a foreign board of trade from the United States.<br/>Subjects such persons to liability for violation of CFTC rules and regulations.<br/>Directs the CFTC to convene a working group of international regulators to develop uniform international reporting and regulatory standards to ensure protection of energy futures markets from nonlegitimate hedge trading, excessive speculation, manipulation, location shopping, and lowest common denominator regulation, each of which poses systemic risks to all energy futures markets, countries, and consumers.<br/>Defines &quot;legitimate hedge trading&quot; as transactions by commercial producers and purchasers of actual physical petroleum and energy commodities for future delivery and the direct counterparties to such trades.<br/>Directs the CFTC to review oversight actions regarding all energy futures market participants or market activity in order to ensure that: (1) legitimate hedge trading is protected and promoted; and (2) excessive speculation is eliminated.<br/>Requires the CFTC to set maximum speculative position limits on nonlegitimate hedge trading.<br/>Instructs the CFTC to convene an advisory group to recommend an appropriate level for position limits designed for traders or entities that are not legitimate hedge traders.<br/>Authorizes the CFTC to exercise oversight over any disturbance in a commodity market that disrupts its liquidity and price discovery function from accurately reflecting a commodity's supply and demand (&quot;major market disturbance&quot;).<br/>Requires the CFTC to identify each large over-the-counter transaction or class of such transactions in order to detect and prevent potential price manipulation of, or excessive speculation in, any contract listed for trading on a registered entity.<br/>Instructs the CFTC to: (1) routinely require detailed reporting from index traders and swap dealers in markets under its jurisdiction; and (2) review the trading practices for index traders in markets under its jurisdiction to ensure that index trading is not adversely impacting the price discovery process.<br/>Requires the CFTC to disaggregate and make public monthly: (1) the number of positions and total value of index funds and other passive, long-only positions in energy markets; and (2) data on speculative positions relative to bona fide physical hedgers in energy markets.<br/>Directs the CFTC to appoint additional CFTC employees for enforcement purposes.<br/>Establishes a Working Group on Energy Markets to: (1) identify the factors that affect the pricing of crude oil and refined petroleum products, including market speculation; and (2) assess the roles, missions, and structures of relevant federal agencies, interagency coordination, and the gaps that need to be filled for federal oversight and regulation of markets critical to energy security.<br/>Amends the Department of Energy Organization Act to require each federal agency head to provide information to the Administrator of the Energy Information Administration for identification of each energy-producing company.<br/>Establishes within such Administration a Financial Market Analysis Office responsible for financial analysis of energy markets.<br/>Directs the Federal Energy Regulatory Commission (FERC) to investigate and report to certain congressional committees on the role of financial institutions in natural gas markets.<br/>Directs the Comptroller General of the United States to study and report to certain congressional committees on: (1) the international regime for regulating the trading of energy commodity futures and derivatives; and (2) the effects of noncommercial speculators upon energy futures markets and energy prices.<br/>

1216958400 2008-07-25 Fri Nov 07 19:07:10 -0600 2008 introduced 51662 'act':8 'bill':2 'amend':4 'price':12 'commod':6,18 'energi':17 'excess':11 'purpos':22 'specul':13 'exchang':7 'prevent':10 'respect':15 62122 false official introduced 51662 'act':5 '2008':7 'stop':1 'energi':3 'excess':2 'specul':4 62167 false short action 51662 1216958400 Fri Jul 25 00:00:00 -0500 2008 167465 Considered by Senate. R000146 1939-12-02 20216 522 Hart Senate Office Building http://reid.senate.gov/contact/index.cfm 202-224-7327 Harry 'd':4 'nv':5 'sen':1 'reid':3,7,9 'harri':2,6,8 M 300082 Reid Harry_Reid M. Sen. Harry Reid [D, NV] 7396 N00009922 19305 Democrat 202-224-3542 Latter Day Saints NV Harry Reid 1.45454545454545 http://reid.senate.gov/ SenatorReid B000944 1952-11-09 7990 713 Hart Senate Office Building http://brown.senate.gov/contact/ 202-228-6321 Sherrod 'd':4 'oh':5 'sen':1 'brown':3,7,9 'sherrod':2,6,8 M 400050 Brown Sherrod_Brown Sen. Sherrod Brown [D, OH] 5158 N00003535 13693 Democrat 202-224-2315 Lutheran OH Sherrod Brown 3.55072463768116 http://brown.senate.gov/ SherrodBrownOhio C000141 1943-10-05 3259 509 Hart Senate Office Building http://cardin.senate.gov/contact/email.cfm 202-224-1651 Benjamin 'd':4 'md':5 'sen':1 'cardin':3,7,9 'benjamin':2,6,8 M 400064 Cardin Benjamin_L._Cardin L. Sen. Benjamin Cardin [D, MD] 1500 N00001955 9564 Democrat 202-224-4524 Jewish MD Ben Benjamin Cardin 3.24242424242424 http://cardin.senate.gov/ SenatorCardin C000174 1947-01-23 3121 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 7265 Democrat 202-224-2441 Presbyterian DE Tom Thomas Carper 3.41176470588235 http://carper.senate.gov C001070 4986 393 Russell Senate Office Building http://casey.senate.gov/contact/ 202-228-0604 Robert 'd':4 'pa':5 'sen':1 'casey':3,7,9 'robert':2,6,8 M 412246 Casey Robert_P._Casey,_Jr. P. Sen. Robert Casey [D, PA] 2379 N00027503 11965 Democrat 202-224-6324 PA Bob Robert Casey 2.88888888888889 http://casey.senate.gov/ D000388 1944-05-27 11866 448 Russell Senate Office Building http://dodd.senate.gov/index.php?q=node/3130 202-228-1083 Christopher 'd':4 'ct':5 'sen':1 'dodd':3,7,9 'christoph':2,6,8 M 300034 Dodd Christopher_Dodd J. Sen. Christopher Dodd [D, CT] 6769 N00000581 15341 Democrat 202-224-2823 Roman Catholic CT Chris Christopher Dodd 1.89108910891089 http://dodd.senate.gov SenChrisDodd D000432 1942-05-14 8038 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 8232 Democrat 202-224-2551 Lutheran ND Byron Dorgan 5.0 http://dorgan.senate.gov senatordorgan D000563 1944-11-21 8127 309 Hart Senate Office Building http://durbin.senate.gov/contact.cfm 202-228-0400 Richard 'd':4 'il':5 'sen':1 'durbin':3,7,9 'richard':2,6,8 M 300038 Durbin Richard_Durbin J. Sen. Richard Durbin [D, IL] 4467 N00004981 17056 Democrat 202-224-2152 Roman Catholic IL Dick Richard Durbin 3.79439252336449 http://durbin.senate.gov J000177 1946-12-28 7383 136 Hart Senate Office Building http://johnson.senate.gov/contact/ 202-228-5765 Tim 'd':4 'sd':5 'sen':1 'tim':2,6,8 'johnson':3,7,9 M 300058 Johnson Tim_Johnson P. Sen. Tim Johnson [D, SD] 3671 N00010084 8090 Democrat 202-224-5842 Lutheran SD Tim Johnson 4.0 http://johnson.senate.gov/ K000367 1960-05-25 6762 302 Hart Senate Office Building http://klobuchar.senate.gov/emailamy.cfm 202-228-2186 Amy 'd':4 'mn':5 'ami':2,6,8 'sen':1 'klobuchar':3,7,9 F 412242 Klobuchar Amy_Klobuchar Sen. Amy Klobuchar [D, MN] 4173 N00027500 11500 Democrat 202-224-3244 MN Amy Klobuchar 3.26666666666667 http://klobuchar.senate.gov/ L000123 1924-01-23 7351 324 Hart Senate Office Building http://lautenberg.senate.gov/contact/routing.cfm 202-228-4054 Frank 'd':4 'nj':5 'sen':1 'frank':2,6,8 'lautenberg':3,7,9 M 300064 Lautenberg Frank_Lautenberg R. Sen. Frank Lautenberg [D, NJ] 3972 N00000659 11756 Democrat 202-224-3224 Jewish NJ Frank Lautenberg 2.15909090909091 http://lautenberg.senate.gov/ franklautenberg L000174 1940-03-31 12864 433 Russell Senate Office Building http://leahy.senate.gov/contact.cfm 202-224-3479 Patrick 'd':4 'vt':5 'sen':1 'leahi':3,7,9 'patrick':2,6,8 M 300065 Leahy Patrick_Leahy J. Sen. Patrick Leahy [D, VT] 6662 N00009918 10222 Democrat 202-224-4242 Roman Catholic VT Patrick Leahy 4.24242424242424 http://leahy.senate.gov/ SenatorPatrickLeahy M000639 1954-01-01 5400 528 Hart Senate Office Building http://menendez.senate.gov/contact/contact.cfm 202-228-2197 Robert 'd':4 'nj':5 'bob':8 'sen':1 'robert':2,6,9 'menendez':10 'menéndez':3,7 M 400272 Menéndez Robert_Menendez Sen. Robert Menéndez [D, NJ] 2868 Bob N00000699 14145 Democrat 202-224-4744 Roman Catholic NJ Robert Menendez 2.24324324324324 http://menendez.senate.gov/ SenatorMenendezNJ M000702 1936-07-20 5544 503 Hart Senate Office Building http://mikulski.senate.gov/Contact/contact.cfm 202-224-8858 Barbara 'd':4 'md':5 'sen':1 'barbara':2,6,8 'mikulski':3,7,9 F 300073 Mikulski Barbara_Mikulski A. Sen. Barbara Mikulski [D, MD] 2641 N00001945 9951 Democrat 202-224-4654 Roman Catholic MD Barbara Mikulski 2.60869565217391 http://mikulski.senate.gov/ M001111 1950-10-11 7733 173 Russell Senate Office Building http://murray.senate.gov/email/index.cfm 202-224-0238 Patty 'd':4 'wa':5 'sen':1 'patti':2,6,8 'murray':3,7,9 F 300076 Murray Patty_Murray Sen. Patty Murray [D, WA] 3543 N00007876 11167 Democrat 202-224-2621 Roman Catholic WA Patty Murray 4.31884057971014 http://murray.senate.gov/ R000122 1949-11-12 3289 728 Hart Senate Office Building http://reed.senate.gov/contact/contact-share.cfm 202-224-4680 John 'd':4 'ri':5 'sen':1 'jack':8 'john':2,6,9 'reed':3,7,10 M 300081 Reed Jack_Reed F. Sen. John Reed [D, RI] 1103 Jack N00000362 9001 Democrat 202-224-4642 Roman Catholic RI Jack John Reed 2.875 http://reed.senate.gov/ S000148 1950-11-23 15107 313 Hart Senate Office Building http://schumer.senate.gov/new_website/contact.cfm 202-228-3027 Charles 'd':4 'ny':5 'sen':1 'charl':2,6,8 'schumer':3,7,9 M 300087 Schumer Charles_Schumer E. Sen. Charles Schumer [D, NY] 7838 N00001093 20849 Democrat 202-224-6542 Jewish NY Chuck Charles Schumer 2.17821782178218 http://schumer.senate.gov/ senatorschumer W000779 1949-05-03 7605 223 Dirksen Senate Office Building http://wyden.senate.gov/contact/ 202-228-2717 Ron 'd':4 'ron':2,6,8 'sen':1 'wyden':3,7,9 M 300100 Wyden Ron_Wyden Sen. Ron Wyden [D, OR] 3344 N00007724 10192 Democrat 202-224-5244 Jewish OR Ron Wyden 3.64516129032258 http://wyden.senate.gov/ SenRonWyden action 51662 1216958400 Fri Jul 25 00:00:00 -0500 2008 167467 Motion by Senator Reid to recon action 51662 1216958400 Fri Jul 25 00:00:00 -0500 2008 167465 Considered by Senate. action 51662 1216958400 Fri Jul 25 00:00:00 -0500 2008 178250 Motion by Senator Reid to reconsider the vote by which cloture on the measure was not invoked (Record Vote Number 184) entered in Senate. action 51662 1216958400 Fri Jul 25 00:00:00 -0500 2008 170225 &lt;a href=&quot;/cgi-bin/b action 51662 1216958400 Fri Jul 25 00:00:00 -0500 2008 167466 Cloture on the measure not invoked in Senate by Yea-Nay Vote. 50 - 43. Record Vote Number: 184. action 51662 1216785600 Wed Jul 23 00:00:00 -0500 2008 167090 Motion to proceed to consideration of measure agreed to in Senate by Voice Vote. action 51662 1216785600 Wed Jul 23 00:00:00 -0500 2008 167092 Cloture motion on the measure presented in Senate. action 51662 1216785600 Wed Jul 23 00:00:00 -0500 2008 167093 Motion by Senator Reid to commit to Senate Committee on Agriculture, Nutrition, and Forestry with instructions to report back forthwith, wtih the following amendment [SA 5100] made in Senate. action 51662 1216785600 Wed Jul 23 00:00:00 -0500 2008 167091 Measure laid before Senate by motion. action 51662 1216785600 Wed Jul 23 00:00:00 -0500 2008 167089 Motion to proceed to measure considered in Senate. action 51662 1216699200 Tue Jul 22 00:00:00 -0500 2008 166929 Cloture invoked in Senate by Yea-Nay Vote. 94 - 0. Record Vote Number: 183. action 51662 1216699200 Tue Jul 22 00:00:00 -0500 2008 166930 Star Print ordered on the measure as reported. action 51662 1216699200 Tue Jul 22 00:00:00 -0500 2008 166928 Motion to proceed to measure considered in Senate. action 51662 1216612800 Mon Jul 21 00:00:00 -0500 2008 166786 Motion to proceed to measure considered in Senate. action 51662 1216267200 Thu Jul 17 00:00:00 -0500 2008 166630 Motion to proceed to consideration of measure made in Senate. action 51662 1216267200 Thu Jul 17 00:00:00 -0500 2008 166631 Cloture motion on the motion to proceed to the measure presented in Senate. calendar 51662 1216180800 Wed Jul 16 00:00:00 -0500 2008 166629 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 882. introduced 51662 1216094400 Tue Jul 15 00:00:00 -0500 2008 166355 action 51662 1216094400 Tue Jul 15 00:00:00 -0500 2008 166356 Introduced in the Senate. Ordered read the first time Placed on Senate Legislative Calendar under Read the First Time. 7 50 51662 Fri Jul 25 08:18:00 -0500 2008 true 4922 43 184 44 0 On the Cloture Motion (Motion to Invoke Cloture on S. 3268 ) false 3/5 Cloture Motion Rejected On the Cloture Motion Fri Jul 25 09:20:09 -0500 2008 senate 6 94 51662 Tue Jul 22 10:28:00 -0500 2008 true 4902 0 183 27 0 On Cloture on the Motion to Proceed (Motion to Invoke Cloture on the Motion to Proceed to S. 3268 ) true 3/5 Cloture on the Motion to Proceed Agreed to On Cloture on the Motion to Proceed Tue Jul 22 11:35:05 -0500 2008 senate