Senators Push To Curb Energy Speculation

Law360, New York (July 17, 2008, 12:00 AM EDT) -- Leading lawmakers in the U.S. Senate have unveiled a new bill aimed at curbing energy speculation by boosting the government's regulatory capabilities, sealing off a popular loophole and increasing transparency in a continued effort to crack down on speculation in the commodity market.

The Stop Excessive Energy Speculation Act, introduced in the Senate earlier this week, would strengthen the U.S. Commodity Futures Trading Commission's power and resources, rein in speculation through unregulated foreign exchanges, and commission various studies of domestic and international energy markets.

“Right now,...
To view the full article, register now.