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About: Energy Markets Emergency Act of 2008     Goto   Sponge   NotDistinct   Permalink

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The Energy Markets Emergency Act of 2008 (H.R. 6377) was a bill in the 110th Congress that "directs the Commodity Futures Trading Commission to use its authority to deal with issues causing major market disturbances." More specifically, the legislation directed the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately excessive speculation, price distortion, sudden or unreasonable fluctuations or unwarranted changes in prices, or other unlawful activity that is allegedly causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for commodities.