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H.R. 6927 - Aluminum Pricing Examination Act

Sponsor: Ken Buck (R)
Introduced: 2018-09-27
Bill Status: Referred to the House Committee on Agriculture.
 
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Full Text


115th CONGRESS
2d Session
H. R. 6927


    To extend the jurisdiction of the Commodity Futures Trading Commission to include the setting of reference prices for aluminum premiums, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

September 27, 2018

    Mr. Buck (for himself and Mr. Costa) introduced the following bill; which was referred to the Committee on Agriculture


A BILL

    To extend the jurisdiction of the Commodity Futures Trading Commission to include the setting of reference prices for aluminum premiums, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Aluminum Pricing Examination Act” or the “APEX Act”.

SEC. 2. Jurisdiction of the Commodity Futures Trading Commission over the setting of reference prices for aluminum premiums.

Section 2(a)(1) of the Commodity Exchange Act (7 U.S.C. 2(a)(1)) is amended by adding at the end the following:

“(E)(i) The Commission shall have exclusive jurisdiction over the setting of reference prices for aluminum premiums.

“(ii)(I) The Commission shall consult with the Attorney General on any relevant information, allegations of anticompetitive conduct, or marketplace analysis in the setting or reporting of such a reference price.

“(II) The Commission shall afford the Attorney General an opportunity to review any regulation or guideline proposed by the Commission in carrying out this subparagraph to ensure that the regulation or guideline is consistent with the goals and purposes of the antitrust laws.

“(III) The Attorney General may cooperate with, and share relevant information with, the Commission, with respect to the setting of such a reference price, and shall review any such proposed regulation or guideline to ensure that the regulation or guideline is in accordance with the goals and purposes of the antitrust laws.

“(IV) The Attorney General shall transmit to the Commission the views of the Attorney General on any such proposed regulation or guideline.”.


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