We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Stupak Tries Again To Rein In Energy Speculators

Law360 (May 14, 2009, 12:00 AM EDT) -- Rep. Bart Stupak, D-Mich., has introduced a bill aimed at preventing speculators from manipulating energy markets and artificially inflating prices, particularly with respect to any upcoming cap-and-trade program.

The legislation, known as the Prevent Unfair Manipulation of Prices Act, would establish carbon as an included energy commodity subject to regulation by the U.S. Commodity Futures Trading Commission and would give the CFTC the authority to regulate all over-the-counter trades that are not currently regulated.

It would also ban naked credit default swaps, set aggregate position limits...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.