H.Res. 1278: Expressing the sense of the House of Representatives that the United States Government should lead an international diplomatic initiative to limit inefficient speculation on international energy exchanges through the adoption of international standards for energy futures trading margin requirements as an appropriate means of ensuring access to reliable and affordable supplies of crude oil.

H.Res. 1278: Expressing the sense of the House of Representatives that the United States Government should lead an international diplomatic initiative to limit inefficient speculation on international energy exchanges through the adoption of international standards for energy futures trading margin requirements as an appropriate means of ensuring access to reliable and affordable supplies of crude oil.

110th Congress · introduced 2008-06-17 · International Affairs · Latest: Referred to the House Committee on Foreign Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2008-06-17 · official record
Who proposed it: Rep. Petri, Thomas E. [R-WI-6] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Foreign Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Expressing the sense of the House of Representatives that the United States Government should lead an international diplomatic initiative to limit inefficient speculation on international energy exchanges through the adoption of international standards for energy futures trading margin requirements as an appropriate means of ensuring access to reliable and affordable supplies of crude oil.

Plain summary

Expresses the sense of the House of Representatives that the U.S. government should lead a diplomatic initiative to limit speculation on international energy exchanges through the adoption of international standards for energy futures trading margin requirements as a means of ensuring access to reliable and affordable crude oil supplies.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

A Yea supports adopting this resolution.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Expressing the sense of the House of Representatives that the United States Government should lead an international diplomatic initiative to limit inefficient speculation on international energy exchanges through the adoption of international standards for energy futures trading margin requirements as an appropriate means of ensuring access to reliable and affordable supplies of crude oil.

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Petri, Thomas E. [R-WI-6] · 10 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mario Diaz-Balart (R-FL), Harold Rogers (R-KY), John Boozman (R-AR)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (4)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Ballot initiative: A proposed law or constitutional amendment that citizens place on the ballot by gathering enough voter signatures, so voters decide it directly. About half the states allow some form of it.
Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Roll-call vote: A vote where each member's position is recorded by name, so the public can see how every member voted. "Yea" means yes, "Nay" means no, "Present" means the member was there but did not take a side.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-110hres1278.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/110/hres>

Record fed-us-cong110-hres1278 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110