HR 5614 · 107th Congress · Energy

Energy Markets Fraud Prevention and Consumer Protection Act of 2002

Introduced 2002-10-10· Sponsored by Rep. Dingell, John D. [D-MI-16]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Energy and Air Quality.(2002-10-28)

Plain Language Summary

[AI summary unavailable — showing source text] Energy Markets Fraud Prevention and Consumer Protection Act of 2002 - Declares unlawful practices that are fraudulent, manipulative, deceptive, or a contrivance in contravention of Federal Energy Regulatory Commission (FERC) regulations governing: (1) transmission and sales of electric energy; or (2) transportation and sales of natural gas. Subjects such practices to certain Federal Power Act sanctions. Amends the Federal Power Act to require FERC to promulgate criteria governing waivers and exemptions from requirements regarding: (1) issuance of securities; (2) accounts and recordkeeping; and (3) officials dealing in securities (including any prospective blanket order). Places a moratorium upon such waivers and exemptions until the criteria mandated for promulgation become effective. Directs FERC to review previously issued waivers. Vitiates such waivers after a specified deadline unless they comply with such criteria. Amends the Federal Power Act and the Natural Gas Act to expand reporting requirements for transactions regarding transmission or sales of electric energy and of natural gas. Sets forth prohibitions on the distribution or publication by an electric power or natural g…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (14)

14 Democrats