H.R. 2448: Prevent Unfair Manipulation of Prices Act of 2009
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H.R. 2448: Prevent Unfair Manipulation of Prices Act of 2009
111th Congress · introduced 2009-05-14 · Finance and Financial Sector · Latest: Referred to the Subcommittee on General Farm Commodities and Risk Management.
federal
Follow this bill, step by step
- Where it came from: introduced 2009-05-14 · official record
- Who proposed it: Rep. Stupak, Bart [D-MI-1] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on General Farm Commodities and Risk Management. 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.
Official title
Prevent Unfair Manipulation of Prices Act of 2009
Plain summary
Prevent Unfair Manipulation of Prices Act of 2009 - Amends the Commodity Exchange Act to cover: (1) energy transactions; and (2) coal, crude oil, gasoline, electricity (except financial transmission rights subject to the Federal Energy Regulatory Commission [FERC]), natural gas, and any substance used as a source of energy (other than an excluded commodity, a metal, or an agricultural commodity). Extends the regulatory authority of the Commodities Futures Trading Commission (CFTC) to swap transactions in: (1) energy commodities; (2) energy transactions; and (3) energy transactions on foreign boards of trade. Prohibits the CFTC from exempting energy transactions from futures trading regulation, unless certain notice and public comment requirements are observed. Requires the CFTC to fix limits upon the aggregate number of energy transaction positions held by any person for each month across all markets subject to its jurisdiction. Grants the CFTC exclusive authority to grant exemptions from position limits imposed upon energy transactions for bona fide hedging transactions and positions. Requires the CFTC to disaggregate and publicize specified market data with respect to index traders and swap dealers and the identity of holders of positions in indexes in excess of position limits. Empowers the CFTC to set limits to prevent excessive speculation in indexes. Amends the Inspector General Act of 1978 with respect to the CFTC Inspector General. Excludes from CFTC jurisdiction certain derivative transactions, swap transactions, and transactions in exempt commodities which settle and clear through a derivatives clearing organization registered with the CFTC. Prescribes requirements for alternatives to clearing through designated clearing organizations. Specifies requirements for eligibility to purchase credit default swaps. Requires the CFTC to charge and collect transaction fees from clearing organizations. Amends the Natural Gas Act and the Natural Gas Policy Act of 1978 to: (1) grant the Federal Power Commission (FPC) and FERC cease and desist authority regarding violations; and (2) instruct the FPC to establish a refund effective date for an initiated proceeding. Grants the CFTC oversight authority over carbon derivatives markets.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
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PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
Prevent Unfair Manipulation of Prices Act of 2009
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. Stupak, Bart [D-MI-1] · 19 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Chris Van Hollen (D-MD), John B. Larson (D-CT), Joe Courtney (D-CT), Peter Welch (D-VT)
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)
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Jurisdiction
- The area or the matters a government or court has authority over.
- Public comment
- A chance for anyone to tell a government agency what they think about a proposed rule or plan before it is final. Agencies must consider the comments they receive.
- Rulemaking
- The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
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-111hr2448.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/hr>
Record fed-us-cong111-hr2448 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111