S 1420 · 114th Congress · Energy
Energy Markets Act of 2015
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 114-344.(2015-06-09)
Plain Language Summary
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Energy Markets Act of 2015 This bill amends the Department of Energy Organization Act to direct the Energy Information Administration (EIA) of the Department of Energy to develop and implement a plan to collect, in cooperation with the Commodity Futures Trade Commission, information identifying all oil inventories and other physical oil assets owned by the 50 largest traders of oil contracts (including derivative contracts). The EIA shall also collect, and update annually, information quantifying the commercial storage capacity for oil and natural gas in the United States. A Financial Market Analysis Office is established in the EIA to analyze the financial aspects of energy markets. A Working Group on Energy Markets is also established to: 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 to prevent excessive speculation in energy commodity markets in order to prevent or minimize the adverse impact of excessive speculation on energy prices, and review energy security implications of developments in international energy markets. The Working Group …
Summarized by Claude AI · Non-partisan · For informational purposes only