H.R. 785
Halt Index Trading of Energy Commodities (HITEC) Act
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Sponsor
Rep. Markey, Edward J. [D-MA-5]
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 785
- Congress
- 113
- Introduced Date
- Feb 15, 2013
- Policy Area
- Energy
- Is Law
- No
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Source: House committee actions
Referred to the House Committee on Agriculture.
Source: House floor actions
Sponsor introductory remarks on measure. (CR E165)
Source: Library of Congress
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Halt Index Trading of Energy Commodities (HITEC) Act - Amends the Commodity Exchange Act to declare unlawful for: (1) a commodity index fund to engage in an energy commodity transaction if any person investing in the fund is an excluded investor, (2) an energy commodity index fund to accept an investment from a person who is an excluded investor, or (3) a commodity index fund to hold an investment in an energy commodity if any person investing in the fund is an excluded investor.
Defines "excluded investor" as a person with respect to whom there is no position in an energy commodity which, if held by the person, would be considered a bona fide hedging position.
Agriculture Committee
Introduced in House
Feb 15, 2013