Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Congressional Research Service
Official summary
Version 00 · 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.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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