S.Amdt. 963
What it does: Adds SEC. 122____. CFTC INVESTIGATION ON ENERGY FUTURES AND SWAPS MARKETS on page 1150, line 15
Sen. Bernard Sanders (I-VT)What it changes
1 change to S. 954
Adds SEC. 122____. CFTC INVESTIGATION ON ENERGY FUTURES AND SWAPS MARKETS on page 1150, line 15
Adds a sectionPrinted pageInserted: SEC. 122____. CFTC INVESTIGATION ON ENERGY FUTURES AND SWAPS MARKETS.
Inserted: (a) In General.--Not later than 180 days after the date of enactment of this Act, the Commodity Futures Trading Commission, in coordination with the Oil and Gas Price Fraud Working Group, shall carry out an investigation and submit to Congress a report on whether any United States participant in the energy futures or swaps markets has engaged in price-fixing or has provided inaccurate information to a price reporting agency for the purpose of manipulating the published prices of gasoline, crude oil, heating oil, diesel fuel, or jet fuel.
Inserted: (b) Coordination.--In carrying out the investigation under subsection (a), the Commodity Futures Trading Commission shall coordinate with appropriate Federal agencies and European Union agencies.
Inserted: (c) Report Contents.--The report under subsection (a) shall--
Inserted: (1) include recommendations on how to make the pricing of gasoline, crude oil, heating oil, diesel fuel, and jet fuel more transparent, open, and free from manipulation, fraud, abuse, or excessive speculation; and
Inserted: (2) be published on a publicly accessible Internet site of the Commodity Futures Trading Commission.
Inserted: (d) Referral to Authorities.--If the Commodity Futures Trading Commission finds that illegal price-fixing has occurred, the Commodity Futures Trading Commission shall report those findings, along with any evidence, to the proper authorities.
Original wording
On page 1150, after line 15, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 963. Mr. SANDERS submitted an amendment intended to be proposed by him to the bill S. 954, to reauthorize agricultural programs through 2018; which was ordered to lie on the table; as follows:
On page 1150, after line 15, add the following:
SEC. 122____. CFTC INVESTIGATION ON ENERGY FUTURES AND SWAPS MARKETS.
(a) In General.--Not later than 180 days after the date of enactment of this Act, the Commodity Futures Trading Commission, in coordination with the Oil and Gas Price Fraud Working Group, shall carry out an investigation and submit to Congress a report on whether any United States participant in the energy futures or swaps markets has engaged in price-fixing or has provided inaccurate information to a price reporting agency for the purpose of manipulating the published prices of gasoline, crude oil, heating oil, diesel fuel, or jet fuel.
(b) Coordination.--In carrying out the investigation under subsection (a), the Commodity Futures Trading Commission shall coordinate with appropriate Federal agencies and European Union agencies.
(c) Report Contents.--The report under subsection (a) shall--
(1) include recommendations on how to make the pricing of gasoline, crude oil, heating oil, diesel fuel, and jet fuel more transparent, open, and free from manipulation, fraud, abuse, or excessive speculation; and
(2) be published on a publicly accessible Internet site of the Commodity Futures Trading Commission.
(d) Referral to Authorities.--If the Commodity Futures Trading Commission finds that illegal price-fixing has occurred, the Commodity Futures Trading Commission shall report those findings, along with any evidence, to the proper authorities.
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Senate amendment submitted
May 21, 2013