PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Energy and Air Quality.
Congressional Research Service
Version 00 · Introduced in House · Oct 10, 2002
Energy Markets Fraud Prevention and Consumer Protection Act of 2002 - Declares unlawful practices that are fraudulent, manipulative, deceptive, or a contrivance in contravention of Federal Energy Regulatory Commission (FERC) regulations governing: (1) transmission and sales of electric energy; or (2) transportation and sales of natural gas. Subjects such practices to certain Federal Power Act sanctions.Amends the Federal Power Act to require FERC to promulgate criteria governing waivers and exemptions from requirements regarding: (1) issuance of securities; (2) accounts and recordkeeping; and (3) officials dealing in securities (including any prospective blanket order).Places a moratorium upon such waivers and exemptions until the criteria mandated for promulgation become effective. Directs FERC to review previously issued waivers. Vitiates such waivers after a specified deadline unless they comply with such criteria.Amends the Federal Power Act and the Natural Gas Act to expand reporting requirements for transactions regarding transmission or sales of electric energy and of natural gas.Sets forth prohibitions on the distribution or publication by an electric power or natural gas information processor of quotations and transactions of electric energy and natural gas in contravention of FERC rules.Prohibits any person who owns, controls, or is under the control or ownership of a public utility, a natural gas company, or a public utility holding company from owning, controlling, or operating any electronic computer network or other multilateral trading facility utilized to trade electricity or natural gas.Sets forth civil and criminal penalties for violations of this Act.Mandates review by: (1) the Securities and Exchange Commission of certain exemptions granted under the Public Utility Holding Company Act of 1935 to determine if they should continue in force and effect; and (2) the Financial Accounting Standards Board of accounting for contracts in energy trading and risk management activities.Amends the Federal Power Act to instruct FERC to adopt rules and procedures to protect electric consumers from harmful actions taken by persons owning or controlling public utilities.Mandates annual FERC review of market-based rates for electric energy sales by a public utility. Grants FERC revocation authority for violations and for rates found to be unjust, unreasonable, unduly discriminatory, or preferential.
People & committees
Rep. Dingell, John D. [D-MI-16] · D–MI
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Energy and Air Quality.
Referred to the House Committee on Energy and Commerce.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze H.R.5614 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.5614 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.R.5614 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.R.5614 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.