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S. 870Senate109th Congress (2005-2007)Introduced

Electricity Needs Rules and Oversight Now (ENRON) Act

Sponsored by Maria CantwellSen. Maria Cantwell (D-WA)
Introduced April 21, 2005

Legislative Activity

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2 earlier actions
SenateCalendars Latest Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 87.

April 22, 2005

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SenateIntro Referral

Introduced in Senate

April 21, 2005

SenateCalendars

Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

April 21, 2005

SenateCalendars

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 87.

April 22, 2005

Floor Debate

2 members

What members said about S. 870 on the floor

2 Republicans
William H. Frist
Sen. William H. FristR-TN · Apr 21, 2005

I understand there are five bills at the desk and I ask for their first reading en bloc. I now ask for a second reading and, in order to place the bills on the calendar under the provisions of rule…

Record
Robert F. Bennett
Sen. Robert F. BennettR-UT · Apr 22, 2005

Mr. President, I understand there are five bills at the desk that are due for a second reading. Mr. President, in order to place the bills on the calendar under provisions of rule XIV, I object to…

Record

Bill Text

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Placed on Calendar SenateIssued April 22, 2005

II

Calendar No. 87

109th CONGRESS

1st Session

S. 870

IN THE SENATE OF THE UNITED STATES

April 21, 2005

Ms. Cantwell introduced the following bill; which was read the first time

April 22, 2005

Read the second time and placed on the calendar

A BILL

To prohibit energy market manipulation.

1.

Short title

This Act may be cited as the Electricity Needs Rules and Oversight Now (ENRON) Act.

2.

Prohibition of energy market manipulation

(a)

Prohibition

Part II of the Federal Power Act (16 U.S.C. 824 et seq.) is amended by adding at the end the following:

215.

Prohibition of market manipulation

It shall be unlawful for any person, directly or indirectly, to use or employ, in connection with the purchase or sale of electric energy or the purchase or sale of transmission services subject to the jurisdiction of the Commission, any manipulative or deceptive device or contrivance in contravention of such regulations as the Commission may promulgate as appropriate in the public interest or for the protection of electric ratepayers.

.

(b)

Rates resulting from market manipulation

Section 205(a) of the Federal Power Act (16 U.S.C. 824d(a)) is amended by inserting after not just and reasonable the following: or that result from a manipulative or deceptive device or contrivance.

April 22, 2005

Read the second time and placed on the calendar