S.2222 - A bill to require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets.

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  • Official: A bill to require the Commodity Futures Trading Commission to take certain actions to reduce excessive speculation in energy markets. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/21/12
 
 
 
 
 
 
 

Sponsor

Senator

Bernard Sanders

I-VT

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Official Summary

Instructs the Commodity Futures Trading Commission (CFTC) to use its authority (including emergency powers) to: (1) to curb immediately the role of excessive speculation in any contract market within its jurisdiction and control that is serving as a platform for the trading of energy future

Official Summary

Instructs the Commodity Futures Trading Commission (CFTC) to use its authority (including emergency powers) to:
(1) to curb immediately the role of excessive speculation in any contract market within its jurisdiction and control that is serving as a platform for the trading of energy futures or swaps; and
(2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations, unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities.

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