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Code · BILL · 114th Congress · S. 2012 (Engrossed in Senate) — To provide for the modernization of the energy policy of the United States, and for other purposes. · Sec. 4502

Sec. 4502. Working Group on Energy Markets

269 words·~1 min read·/bill/114/s/2012/es/section-4502

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There is established a Working Group on Energy Markets (referred to in this section as the Working Group ). The Working Group shall be composed of— the Secretary; the Secretary of the Treasury; the Chairman of the Federal Energy Regulatory Commission; the Chairman of Federal Trade Commission; the Chairman of the Securities and Exchange Commission; the Chairman of the Commodity Futures Trading Commission; and the Administrator of the Energy Information Administration. The Secretary shall serve as the Chairperson of the Working Group.
A member of the Working Group shall serve without additional compensation for the work of the member of the Working Group. The Working Group shall— investigate the effect of increased financial investment in energy commodities on energy prices and the energy security of the United States; recommend to the President and Congress laws (including regulations) that may be needed to prevent excessive speculation in energy commodity markets in order to prevent or minimize the adverse impact of excessive speculation on energy prices on consumers and the economy of the United States; and review energy security implications of developments in international energy markets.
The Secretary shall provide the Working Group with such administrative and support services as may be necessary for the performance of the functions of the Working Group. The heads of Executive departments, agencies, and independent instrumentalities shall, to the extent permitted by law, provide the Working Group with such information as the Working Group requires to carry out this section. The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, other major market participants, consumers, and the general public.
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