Legislators
Bills
Statements
Represent

H.R.785: Halt Index Trading of Energy Commodities (HITEC) Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about energy
You can read the bill
Sponsor Edward J. Markey, D-Mass.
Total Cosponsors 21 (All Democrats)
Introduced Feb. 15, 2013
Latest Major Action March 13, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Halt Index Trading of Energy Commodities (HITEC) Act - Amends the Commodity Exchange Act to declare unlawful for: (1) a commodity index fund to engage in an energy commodity transaction if any person investing in the fund is an excluded investor, (2) an energy commodity index fund to accept an investment from a person who is an excluded investor, or (3) a commodity index fund to hold an investment in an energy commodity if any person investing in the fund is an excluded investor.

Defines "excluded investor" as a person with respect to whom there is no position in an energy commodity which, if held by the person, would be considered a bona fide hedging position.

(Source: Congressional Research Service)

Bill Actions

Date Description
March 13, 2013 Referred to the Subcommittee on General Farm Commodities and Risk Management.
Feb. 15, 2013 Referred to the House Committee on Agriculture.