Gas Consumer Emergency Market Protection Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 27, 2021)
Gas Consumer Emergency Market Protection Act
This bill restricts natural gas trading during certain federal emergencies. Specifically, the Commodity Futures Trading Commission must require by rule that natural gas trading facilities impose limits to prevent market distortions in the spot market (i.e., commodities traded for immediate delivery) and the day-ahead market during such a period. Persons who violate this rule may be subject to a civil penalty of not more than $1 million per day.
Additionally, the commission must study who benefitted from natural gas price increases associated with Winter Storm Uri.
What just happenedNov 30, 2021
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseOct 27, 2021
- Nov 30, 2021Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Oct 27, 2021IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Oct 27, 2021IntroReferralIntro-H
Introduced in House
- Oct 27, 2021IntroReferral1000
Introduced in House