HR 1272 · 108th Congress · Energy

Energy Markets Fraud Prevention and Consumer Protection Act of 2003

Introduced 2003-03-13· Sponsored by Rep. Dingell, John D. [D-MI-15]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Energy and Air Quality.(2003-03-24)

Plain Language Summary

[AI summary unavailable — showing source text] Energy Markets Fraud Prevention and Consumer Protection Act of 2003 - Declares unlawful any 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 (FPA) sanctions. Amends the FPA 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 required for promulgation become effective. Directs FERC to review previously issued waivers. Vitiates such waivers after a specified deadline unless they are found to comply with such criteria. Amends the FPA and the Natural Gas Act to revise 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 gas in…

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

Cosponsors (20)

20 Democrats