Urging the President to direct the Commodity Futures Trading Commission to work with the United Kingdom Financial Services Authority to establish position limits on oil futures traded by traders on the Intercontinental Exchange that are similar to those established by the Commodity Futures Trading Commission for traders on the New York Mercantile Exchange.

Fact Sheet API

Bill Number

HRES 1289

Introduced

Jun 19, 2008

Latest Action

Referred to the Subcommittee on General Farm Commodities and Risk Management.

Sponsor

Cosponsors

Topics

Administrative procedure Commodity Futures Trading Commission Derivative securities Energy Europe Finance and Financial Sector Foreign Trade and International Finance Futures trading Government Operations and Politics Independent regulatory commissions International Affairs International cooperation Law Petroleum Petroleum industry Securities regulation Swaps (Finance) United Kingdom

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Votes

Summary

Urges the Commodity Futures Trading Commission (CFTC) to require institutional investors to abide by position limits already established for the greater crude oil trading community.

Urges the President to direct the CFTC to work with the United Kingdom Financial Services Authority to establish position limits on oil futures traded by traders on the Intercontinental Exchange that are similar to those established by the CFTC for traders on the New York Mercantile Exchange.

Actions

Oct 3, 2008

Referred to the Subcommittee on General Farm Commodities and Risk Management.
Jun 19, 2008

Referred to the House Committee on Agriculture.
Jun 19, 2008

Introduced in House

Amendments

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