Senate Wants Eye On Natural-Gas Trading

Law360, New York (June 19, 2007, 12:00 AM EDT) -- Amid a nationwide clamor for government intervention, a Senate panel pushed Monday for increased regulation of over-the-counter natural-gas futures trading.

The proposals, discussed at a Senate hearing on Monday, would strengthen the Commodities Futures Trading Commission and the Federal Energy Regulatory Commission and improve public access to information.

In its hearing and accompanying report, the panel, the Permanent Subcommittee on Investigations, asked its witnesses to suggest potential preventative measures to safeguard energy markets' integrity. It focused its investigation on the price spike that 2006 saw in...
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