Sec. 627.
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The Federal Trade Commission and the Commodity Futures Trading Commission shall jointly establish a working group to coordinate the responsibilities of the Federal Trade Commission under subtitle B of title VII of the Energy Independence and Security Act of 2007 (42 U.S.C. 17301 et seq.) and the responsibilities of the Commodity Futures Trading Commission under sections 6(c) and 9(a)(2) of the Commodity Exchange Act (7 U.S.C. 9 and 13(a)(2)) to protect against manipulation in petroleum markets. The working group established under subsection
(a)shall facilitate cooperation between the Federal Trade Commission and the Commodity Futures Trading Commission with respect to any responsibilities of those Commissions to monitor activity in, and analyze data (including data from public sources, such as the Energy Information Administration, and private sources) related to, petroleum markets— to detect acts, practices, or courses of business in those markets that are manipulative, fraudulent, or deceptive; and to identify potential violations of the prohibitions on petroleum market manipulation or the prohibitions on false reporting established under subtitle B of title VII of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17301 et seq. ) and sections 6(c) and 9(a) of the Commodity Exchange Act (7 U.S.C. 9 and 13(a)). Not later than 270 days after the date of the enactment of this Act, the working group established under subsection
(a)shall submit to the Committees on Appropriations of the Senate and the House of Representatives and the relevant committees of jurisdiction a report that describes— the responsibilities of the Federal Trade Commission and the Commodity Futures Trading Commission with respect to any oversight of crude oil, gasoline, and petroleum distillate wholesale markets; the number of full-time equivalent personnel at each Commission dedicated to monitoring of markets; the types of data being collected on oil and petroleum product wholesale cash markets; and the types of analysis being conducted with respect to that data.
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