H.R.6377 - Energy Markets Emergency Act of 2008110th Congress (2007-2008)
Summary: H.R.6377 — 110th Congress (2007-2008)
Passed House without amendment (06/26/2008)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control 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.