Energy Markets Emergency Act
Latest action · Aug 11, 2014 Referred to the Subcommittee on General Farm Commodities and Risk Management.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 26, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Energy Markets Emergency Act - 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 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.
Cosponsors 3
Members who signed on, in the order they did. All signed on Jun 26, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-RI | David N. Cicilline | Original | Jun 26, 2014 |
| D-VT | Peter Welch | Original | Jun 26, 2014 |
| D-AZ | Raúl M. Grijalva | Original | Jun 26, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Agriculture Committee | Referred Jun 26, 2014 |
| General Farm Commodities, Risk Management, and Credit Subcommittee | Referred Aug 11, 2014 |
Actions 3
Everything that happened, newest first.
- Aug 11, 2014Referred to the Subcommittee on General Farm Commodities and Risk Management.
- Jun 26, 2014Introduced in House
- Jun 26, 2014Referred to the House Committee on Agriculture.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H5819.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2548 | A bill to require the Commodity Futures Trading commission to take certain emergency action to eliminate excessive speculation in energy markets. | Related bill | Jun 26, 2014 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the Commodity Futures Trading Commission to take certain emergency action to eliminate excessive speculation in energy markets.
- Short Titles as Introduced
- Energy Markets Emergency Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jun 26, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
