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S.2548 - A bill to require the Commodity Futures Trading commission to take certain emergency action to eliminate excessive speculation in energy markets.

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  • Official: A bill to require the Commodity Futures Trading commission to take certain emergency action to eliminate excessive speculation in energy markets. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/26/14
 
 
 
 
 
 
 

Official Summary

Directs 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 on or through which energy futures or swaps are traded; and (2)

Official Summary

Directs 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 on or through which energy futures or swaps are traded; and
(2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations, or 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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