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117-hr-5749117th Congress

Gas Consumer Emergency Market Protection Act

Sponsored By: Representative Castro, Joaquin [D-TX-20]

Unknown

Summary

Gas Consumer Emergency Market Protection Act This bill restricts natural gas trading during certain federal emergencies. Specifically, the Commodity Futures Trading Commission must require by rule that natural gas trading facilities impose limits to prevent market distortions in the spot market (i.e., commodities traded for immediate delivery) and the day-ahead market during such a period. Persons who violate this rule may be subject to a civil penalty of not more than $1 million per day. Additionally, the commission must study who benefitted from natural gas price increases associated with Winter Storm Uri.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Castro, Joaquin [D-TX-20]

TX • D

Cosponsors

  • Rep. Doggett, Lloyd [D-TX-37]

    TX • D

    Sponsored 10/27/2021

Roll Call Votes

No roll call votes available for this bill.

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