PlainBillCongress, translated.Legislation. Context. Public interest.Unfavorable Executive Comment Received from Commodity Futures Trading Com.
Congressional Research Service
Version 00 · Introduced in House · Apr 14, 2005
Commodities Exchange Improvements Act of 2005 - Amends the Commodity Exchange Act to include natural gas as an agricultural commodity within the purview of the Act, including hybrid instruments based upon natural gas.
States that an agreement, contract, or transaction involving natural gas may not be exempted from the regulatory requirements of the Act.
Prohibits a board of trade that is a designated contract market from changing, without prior Commodity Futures Trading Commission (CFTC) approval, a rule, regulation, or contract specification that applies to any agreement, contract, or transactions involving natural gas.
Showing the opening paragraphs of the official summary.
Requires back-up reporting of large positions as prescribed by the CFTC in order to deter manipulation of the price of contracts of sale of natural gas for future delivery.
Directs the CFTC to prescribe rules requiring any board of trade to implement rules that provide for any contract of sale for future delivery of natural gas to be settled in cash in lieu of making delivery of the natural gas in circumstances in which the CFTC has determined that market conditions suggest possible manipulation.
Subjects commodity price manipulation to a civil penalty.
Prohibits, for one year, CFTC members from working for any organization subject to Commission regulation.
People & committees
Rep. Graves, Sam [R-MO-6] · R–MO
Legislative record
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Unfavorable Executive Comment Received from Commodity Futures Trading Com.
Executive Comment Requested from Commodity Futures Trading Com.
Unfavorable Executive Comment Received from USDA.
Executive Comment Requested from USDA.
Referred to the Subcommittee on Farm Commodities and Risk Management.
Referred to the House Committee on Agriculture.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.
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