Congress Approves Plan to Close Enron Loophole

Law360, New York (May 16, 2008, 12:00 AM EDT) -- The U.S. Congress has overwhelmingly approved a measure to give federal regulators more oversight authority over electronic energy markets and to close the so-called Enron loophole.

The provision will head to the president's desk as part of the massive farm bill, which has now been approved by both the House and the Senate, with enough votes to override a threatened presidential veto.

“Today the Senate sends the president a bill to close the Enron loophole once and for all,” Sen. Dianne Feinstein (D-Calif.) said. “This bill...
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