Sec. 4503. Study of regulatory framework for energy markets
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The Working Group shall conduct a study— to identify the factors that affect the pricing of crude oil and refined petroleum products, including an examination of the effects of market speculation on prices; and to review and assess— existing statutory authorities relating to the oversight and regulation of markets critical to the energy security of the United States; and the need for additional statutory authority for the Federal Government to effectively oversee and regulate markets critical to the energy security of the United States.
The study shall include— an examination of price formation of crude oil and refined petroleum products; an examination of relevant international regulatory regimes; and an examination of the degree to which changes in energy market transparency, liquidity, and structure have influenced or driven abuse, manipulation, excessive speculation, or inefficient price formation. The Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives quarterly progress reports during the conduct of the study under this section, and a final report not later than 1 year after the date of enactment of this Act, that— describes the results of the study; and provides options and the recommendations of the Working Group for appropriate Federal coordination of oversight and regulatory actions to ensure transparency of crude oil and refined petroleum product pricing and the elimination of excessive speculation, including recommendations on data collection and analysis to be carried out by the Financial Market Analysis Office established by section 205(p) of the Department of Energy Organization Act ( 42 U.S.C. 7135(p) ).
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Sec. 4503
Study of regulatory framework for energy markets
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