U.S. Congress - H.R.5186 Halt Index Trading of Energy Commodities (HITEC) Act
H.R.5186 - Halt Index Trading of Energy Commodities (HITEC) Act
To prevent excessive speculation in energy commodities, and for other purposes. view all titles (2)
All Bill Titles
- Official: To prevent excessive speculation in energy commodities, and for other purposes. as introduced.
- Short: Halt Index Trading of Energy Commodities (HITEC) Act as introduced.
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Official Summary
4/27/2012--Introduced.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 commodiOfficial Summary
4/27/2012--Introduced.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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