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.

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: 1
  • Past Seven Days: 3
  • All-Time: 1,028
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/27/12
 
 
 
 
 
 
 

Sponsor

Senator

Edward Markey

D-MA

View Co-Sponsors (25)

Official Summary

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

Official Summary

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.

...Read the Rest




Vote on This Bill

100% Users Support Bill

2 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC