Bill Aims To Crack Down On Commodity Speculation

Law360, New York (February 17, 2009, 12:00 AM EST) -- Reviving last year's push to crack down on excessive speculation in U.S. markets for crude oil and other commodities, Sen. Carl Levin, D-Mich., has introduced a bill that seeks to set speculation limits and close loopholes that would allow traders to avoid those restrictions.

Levin introduced the measure Friday, saying that extreme volatility in the prices for energy and food over the past year has made it clear that changes in the current regulatory structure are warranted.

The legislation aims to make four key changes: authorize...
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