Summary: Increasing Transparency and Accountability in Oil Prices Act of 2008 - Expresses the sense of the House of Representatives that the President should immediately send to Congress a request for emergency appropriations for FY2008 for the Commodity Futures Trading Commission (CFTC) in an amount that is sufficient to: (1) help restore public confidence in energy commodities markets and federal oversight of those markets; (2) potentially impose limits on excessive speculation that may be increasing the price of oil, gasoline, diesel, and other energy commodities; (3) significantly improve the information technology capabilities of the CFTC to help it effectively regulate the energy futures markets; and (4) fund at least 100 new full-time positions at the CFTC to oversee energy commodity market speculation and to enforce the Commodity Exchange Act. Amends the Commodity Exchange Act to provide for additional employees for improved enforcement. Amends the Commodity Exchange Act to address the kind of case in which the CFTC grants or considers granting relief to a foreign board of trade from the requirement that it become a designated contract market, derivatives transaction execution facility, or other registered entity with respect to an energy commodity physically delivered in the United States. Requires the CFTC, before granting or considering such relief, to determine that the foreign board of trade: (1) applies comparable principles or requirements regarding the daily publication of trading information and position limits or accountability levels for speculators as apply to a designated contract market, derivatives transaction execution facility, or other registered entity trading energy commodities physically delivered in the United States; and (2) provides such information to the Commission regarding the extent of speculative and nonspeculative trading in the energy commodity that is comparable to the information the Commission determines necessary to publish a Commitment of Traders report for such a designated contract market, derivatives transaction execution facility, or other registered entity. Requires the Commission to disaggregate and make public monthly: (1) the number of positions and total value of index funds and other passive, long-only positions in energy markets; and (2) data on speculative positions relative to bona fide physical hedgers in those markets.

increasing transparency accountability oil prices act expresses sense house_of_representatives president immediately send congress request emergency appropriations fy2008 commodity_futures_trading_commission cftc sufficient help restore public confidence energy commodities markets federal oversight markets potentially impose limits excessive speculation increasing price oil gasoline diesel energy commodities significantly improve information technology capabilities cftc help effectively regulate energy futures markets fund new time positions cftc oversee energy commodity market speculation enforce commodity_exchange_act amends commodity_exchange_act provide additional employees improved enforcement amends commodity_exchange_act address kind case cftc grants considers granting relief foreign board trade requirement designated contract market derivatives transaction execution facility registered entity respect energy commodity physically delivered united_states requires cftc granting considering relief determine foreign board trade applies comparable principles requirements daily publication trading information position limits accountability levels apply designated contract market derivatives transaction execution facility registered entity trading energy commodities physically delivered united_states provides information commission extent speculative trading energy commodity comparable information commission determines necessary publish commitment traders report designated contract market derivatives transaction execution facility registered entity requires commission disaggregate public monthly number positions total value index funds passive long positions energy markets data speculative positions relative bona fide physical markets


Summary: Energy Markets Anti-Manipulation and Integrity Restoration Act - Amends the Commodity Exchange Act to give the Commodity Futures Trading Commission (CFTC) jurisdiction over energy derivatives traded on or through a board of trade, exchange, or market, either domestic or foreign.

energy markets anti manipulation integrity restoration act_-_amends commodity_exchange_act commodity_futures_trading_commission cftc jurisdiction energy derivatives traded board trade exchange market domestic foreign


Summary: Increasing Transparency and Accountability in Oil Prices Act of 2008 - Expresses the sense of the House of Representatives that the President should immediately send to Congress a request for emergency appropriations for FY2008 for the Commodity Futures Trading Commission (CFTC) in an amount sufficient to: (1) help restore public confidence in energy commodities markets and federal oversight of those markets; (2) potentially impose limits on excessive speculation that is increasing the price of oil, gasoline, diesel, and other energy commodities; (3) significantly improve the information technology capabilities of the CFTC to help it effectively regulate the energy futures markets; and (4) fund at least 100 new full-time positions at the CFTC to oversee energy commodity market speculation and to enforce the Commodity Exchange Act. Amends the Commodity Exchange Act to: (1) provide for additional employees for improved enforcement; and (2) establish an independent Office of the Inspector General in the CFTC. Direct the Comptroller General of the United States to study and report to Congress on the international regime for regulating the trading of energy commodity futures and derivatives. Amends the Commodity Exchange Act to address the kind of case in which the CFTC grants or considers granting relief to a foreign board of trade from the requirement that it become a designated contract market, derivatives transaction execution facility, or other registered entity with respect to an energy commodity for which the primary physical delivery point is located within the United States. Requires the CFTC, before granting or considering such relief, to determine that the foreign board of trade: (1) applies comparable principles or requirements regarding the daily publication of trading information and position limits or accountability levels for speculators as apply to a designated contract market, derivatives transaction execution facility, or other registered entity trading energy commodities physically delivered in the United States; and (2) provides such information to the Commission regarding the extent of speculative and nonspeculative trading in the energy commodity that is comparable to the information the Commission determines necessary to publish a Commitment of Traders report for such a designated contract market, derivatives transaction execution facility, or other registered entity. Authorizes the CFTC, in the case of a registered entity located within the United States, subject to CFTC jurisdiction, which trades on a foreign board of trade, exchange, or market located outside the United States, to: (1) apply and enforce provisions concerned with violations, including provisions related to manipulation or attempted manipulation, the making of false statements, and willful violations of this Act; (2) require or direct the person to limit, reduce, or liquidate any position to prevent or reduce the threat of price manipulation, excessive speculation, price distortion, or disruption of delivery or the cash settlement process; and (3) apply necessary recordkeeping requirements. Directs the CFTC to: (1) routinely require detailed reporting from index traders and swap dealers in markets under CFTC jurisdiction; (2) reclassify the types of traders for regulatory and reporting purposes to distinguish between index traders and swaps dealers; and (3) review the trading practices for index traders in markets under CFTC jurisdiction to ensure that index trading is not adversely impacting the price discovery process, and to determine whether different practices or regulations should be implemented. Requires the CFTC to disaggregate and make public monthly: (1) the number of positions and total value of index funds and other passive, long-only positions in energy markets; and (2) data on speculative positions relative to bona fide physical hedgers in those markets.

increasing transparency accountability oil prices act expresses sense house_of_representatives president immediately send congress request emergency appropriations fy2008 commodity_futures_trading_commission cftc sufficient help restore public confidence energy commodities markets federal oversight markets potentially impose limits excessive speculation increasing price oil gasoline diesel energy commodities significantly improve information technology capabilities cftc help effectively regulate energy futures markets fund new time positions cftc oversee energy commodity market speculation enforce commodity_exchange_act amends commodity_exchange_act provide additional employees improved enforcement establish independent office_of_the_inspector_general cftc direct comptroller_general_of_the_united_states study report congress international regime regulating trading energy commodity futures derivatives amends commodity_exchange_act address kind case cftc grants considers granting relief foreign board trade requirement designated contract market derivatives transaction execution facility registered entity respect energy commodity primary physical delivery point located united_states requires cftc granting considering relief determine foreign board trade applies comparable principles requirements daily publication trading information position limits accountability levels apply designated contract market derivatives transaction execution facility registered entity trading energy commodities physically delivered united_states provides information commission extent speculative trading energy commodity comparable information commission determines necessary publish commitment traders report designated contract market derivatives transaction execution facility registered entity authorizes cftc case registered entity located united_states subject cftc jurisdiction trades foreign board trade exchange market located outside united_states apply enforce provisions concerned violations including provisions related manipulation attempted manipulation making false statements willful violations act require direct person limit reduce liquidate position prevent reduce threat price manipulation excessive speculation price disruption delivery cash settlement process apply necessary recordkeeping requirements directs cftc routinely require detailed reporting index traders swap dealers markets cftc jurisdiction reclassify types traders regulatory reporting purposes distinguish index traders swaps dealers review trading practices index traders markets cftc jurisdiction ensure index trading adversely impacting price discovery process determine different practices regulations implemented requires cftc disaggregate public monthly number positions total value index funds passive long positions energy markets data speculative positions relative bona fide physical markets


Summary: Commodity Futures Restoration Act - Amends the Commodity Exchange Act to remove "energy commodity" from the category of exempt commodities (thus bringing "energy commodity" within the purview of the Act and extending the jurisdiction of the Commodity Futures Trading Commission (CFTC) to derivatives and swaps involving energy commodities). Declares that a board of trade, exchange, or market shall not be considered to be foreign or located outside the United States if: (1) it has an affiliate located in the United States; or (2) a contract of sale of a commodity, or a significant price discovery contract, is executed or traded on such board of trade, exchange, or market.

commodity futures restoration act_-_amends commodity_exchange_act remove energy commodity category exempt commodities bringing energy commodity purview act extending jurisdiction commodity_futures_trading_commission cftc derivatives swaps involving energy commodities declares board trade exchange market shall considered foreign located outside united_states affiliate located united_states contract sale commodity significant price discovery contract executed traded board trade exchange market


Summary: Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded; and (2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities.

energy markets emergency act directs commodity_futures_trading_commission cftc utilize authority including emergency powers curb immediately role excessive speculation contract market jurisdiction control energy futures swaps traded eliminate excessive speculation price sudden unreasonable fluctuations unwarranted changes prices unlawful activity causing major market disturbances prevent market accurately reflecting forces supply demand energy commodities


Summary: Amends the Inspector General Act of 1978 to include the Chairman of the Commodity Futures Trading Commission (CFTC) and the CFTC within the definitions of "head of the establishment" and "establishment," respectively, and to exclude the CFTC from the definition of "designated federal entity," for purposes of that Act (thus elevating the Inspector General of the CFTC to an Inspector General appointed under that Act).

amends inspector_general act include chairman commodity_futures_trading_commission cftc cftc definitions head establishment establishment respectively exclude cftc definition designated federal entity purposes act inspector_general cftc inspector_general appointed act


Summary: Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to revise regulations relating to "asset-backed securities" to define an "NRSRO asset-backed securities" subset, which shall: (1) be the only asset-backed securities for which a credit rating agency may register and issue ratings as a nationally recognized statistical rating organization (NRSRO); and (2) be restricted to securities representing interests in pools of assets whose performance can be evaluated based on a documented history of predictable performance of similar assets, and which are contained in structures which also have a documented history of predictable performance. Requires the revision of such regulations to include a list of the classes of securities approved as NRSRO asset-backed securities. Prescribes an approval process for NRSRO asset-backed securities classes, including approval standards. Requires an NRSRO to: (1) review annually all ratings issued and outstanding in obligor categories for which it has registered; (2) formally affirm, upgrade, downgrade, or remove ratings based on such review; and (3) provide the SEC with full access to models, documentation, assumptions and performance data upon request, answer all questions posed by the SEC, and cooperate with any SEC investigation. Directs the SEC to determine whether ratings are issued with the expectation of meeting aggregate historical loss and default standards for given ratings levels across all categories for which a credit rating agency has registered.

amends securities_exchange_act direct securities_and_exchange_commission sec revise regulations relating asset backed securities define asset backed securities subset shall asset backed securities credit rating agency register issue ratings nationally recognized statistical rating organization restricted securities representing interests pools assets performance evaluated based documented history performance similar assets contained structures documented history performance requires revision regulations include list classes securities approved asset backed securities prescribes approval process asset backed securities classes including approval standards requires review annually ratings issued outstanding obligor categories registered formally affirm upgrade downgrade remove ratings based review provide sec access models documentation assumptions performance data request answer questions posed sec cooperate sec investigation directs sec determine ratings issued expectation meeting aggregate historical loss default standards given ratings levels categories credit rating agency registered


Summary: Securities Act of 2008 - (Sec. 2) Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to authorize the Securities and Exchange Commission (SEC) to assess and impose civil penalties in a cease and desist proceeding.Creates three tiers of increasing civil penalties for acts or omissions of increasing gravity.(Sec. 3) Authorizes the SEC to censure, place limitations on the activities or functions of, or investigate any person who at the time of specified alleged misconduct was: (1) a member or employee of the Municipal Securities Rulemaking Board; (2) a person associated or seeking to become associated with a government securities broker or dealer; (3) a person associated with a member of a national securities exchange or registered securities association; (4) a participant of a registered clearing agency; (5) an officer or director of a self-regulatory organization; and (6) an officer or director of an investment company.(Sec. 5) Amends the Securities Act of 1933 to exempt from state regulation any warrants or rights to subscribe or purchase securities offerings.(Sec. 6) Amends the Securities Act of 1934 and the Investment Advisers Act of 1940 to empower the SEC to bar certain persons from being associated with a broker, dealer, investment adviser, municipal securities dealer, or transfer agent who has engaged in alleged misconduct. (Sec. 7) Amends the Securities Act of 1934 to modify proscriptions against the extension of credit to customers. (Sec. 8) Amends the Securities Investor Protection Act of 1970 to extend its coverage to customers' claims against a debtor for futures contracts or options on commodities futures contracts received, acquired, or held in a portfolio margining account carried as a securities account pursuant to an approved portfolio margining program. (Sec. 9) Requires the SEC, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to give oral testimony annually to certain congressional committees on efforts to reduce the complexity in financial reporting and to provide more accurate and clear financial information to investors.(Sec. 12) Amends the Securities Act of 1934 to require a registered securities information processor, national securities exchange, and national securities association to submit fingerprints of their staff to the Attorney General.(Sec. 15) Amends the Securities Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to revise or prescribe requirements protecting confidentiality of materials submitted to the SEC.(Sec. 16) Amends the Securities Act of 1934 to set forth requirements governing privileged information provided by the SEC to certain governmental and foreign authorities.(Sec. 18) Sets forth conforming amendments for repeal of the Public Utility Holding Company Act of 1935.(Sec. 19) Amends the Securities Act of 1933, the Securities Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to allow nationwide service of subpoenas in any action instituted by the SEC, without application to the court or a showing of cause.

securities act sec amends securities act securities_exchange_act investment advisers act investment company act authorize securities_and_exchange_commission sec assess impose civil penalties cease desist proceeding creates tiers increasing civil penalties acts omissions increasing authorizes sec place limitations activities functions investigate person time specified alleged misconduct member employee municipal_securities_rulemaking_board person associated seeking associated government securities broker dealer person associated member national securities exchange registered securities association participant registered clearing agency officer director self regulatory organization officer director investment amends securities act exempt state regulation warrants rights subscribe purchase securities amends securities act investment advisers act empower sec bar certain persons associated broker dealer investment adviser municipal securities dealer transfer agent engaged alleged misconduct sec amends securities act modify extension credit customers sec amends securities investor protection act extend coverage customers claims debtor futures contracts options commodities futures contracts received acquired held portfolio account carried securities account pursuant approved portfolio program sec requires sec financial accounting standards board public_company_accounting_oversight_board oral testimony annually certain congressional committees efforts reduce complexity financial reporting provide accurate clear financial information amends securities act require registered securities information processor national securities exchange national securities association submit fingerprints staff attorney amends securities act investment advisers act investment company act revise prescribe requirements protecting confidentiality materials submitted amends securities act set forth requirements governing privileged information provided sec certain governmental foreign sets forth conforming amendments repeal public utility holding company act amends securities act securities act investment advisers act investment company act allow nationwide service subpoenas action instituted sec application court showing cause


Summary: Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the uptick rule) governing short sales of securities; (2) rescind the prohibition against applying certain price tests to short sales; and (3) reinstate price test restrictions that applied to short sales of securities prior to SEC action in a specified proceeding on June 28, 2007.

directs securities_and_exchange_commission sec reinstate rule rule governing short sales securities rescind prohibition applying certain price tests short sales reinstate price test restrictions applied short sales securities prior sec action specified proceeding june


Summary: Commodity Markets Transparency and Accountability Act of 2008 - (Sec. 3) Amends the Commodity Exchange Act to define "energy commodity" as (1) coal; (2) crude oil, gasoline, diesel fuel, jet fuel, heating oil, and propane; (3) electricity; (4) natural gas; and (5) any other substance that is used as an energy source as determined by the Commodity Futures Trading Commission (CFTC). (Sec. 4) Prohibits CFTC from permitting a foreign board of trade (FBOT) providing its U.S-located members with access to the CFTC electronic trading system and order matching system for energy or agricultural commodities, unless such board meets requirements similar to those imposed upon U.S. exchanges. Subjects to such provision 180 days after enactment of this Act FBOTs which had previously been granted direct access. States that: (1) a person registered with CFTC or exempt from registration shall not be in violation of the exchange-trading requirement if such person had reason to believe that the futures contract in question was traded on a foreign-regulated FBOT that had not been determined by CFTC to be operating in violation of futures trading provisions; and (2) a futures contract executed through an FBOT that is not in compliance with this Act shall be enforceable. (Sec. 5) Directs CFTC to disaggregate and publicly provide within 30 days of a final rule: (1) the number of positions and total value of index funds in the energy and agriculture markets; and (2) data on speculative positions relative to their bona fide physical hedgers. (Sec. 6) Subjects index traders, swap dealers, transactions for agricultural and energy commodities, and large traders in over-the-counter contracts to reporting and recordkeeping requirements. (Sec. 8) Directs CFTC to: (1) set position limits for any one person with respect to designated contract markets, derivative transaction execution facilities, and electronic trading facilities; (2) convene a Position Limit Agricultural Advisory Group and a Position Limit Energy Group. (Sec. 9) Revises the core principles applicable to position limits for contracts in agricultural and energy commodities to require position limits for speculators. (Sec. 10) Directs CFTC to appoint at least 100 new full-time employees to increase agriculture and energy market transparency and improve enforcement. (Sec. 11) Directs CFTC to review: (1) prior actions to ensure compliance with this Act; and (2) over-the-counter markets. (Sec. 12) Directs: (1) CFTC to study the efficacy, practicality, and consequences of establishing position limits, other than bona fide hedge positions, that may be held by any person with respect to certain agreements, contracts, or transactions involving an agricultural or energy commodity; (2) the Government Accountability Office (GAO) to study the international regime for regulating the trading of energy commodity futures and derivatives; and (3) CFTC to study speculators' effects on agriculture and energy futures markets and prices. (Sec. 14) Directs CFTC to: (1) require regular reporting of fungible over-the-counter agricultural and energy transactions; and (2) determine if such transactions have the potential to disrupt market liquidity or cause market or price disturbances, and if so, to use its discretion to impose position limits. (Sec. 15) Authorizes CFTC to use expedited procedures to carry out this Act.

commodity markets transparency accountability_act sec amends commodity_exchange_act define energy commodity coal crude oil gasoline diesel fuel jet fuel heating oil propane electricity natural gas substance energy source determined commodity_futures_trading_commission cftc sec prohibits cftc permitting foreign board trade providing located members access cftc electronic trading system order matching system energy agricultural commodities board meets requirements similar imposed exchanges subjects provision days enactment act previously granted direct access states person registered cftc exempt registration shall violation exchange trading requirement person reason believe futures contract question traded foreign regulated determined cftc operating violation futures trading provisions futures contract executed compliance act shall enforceable sec directs cftc disaggregate publicly provide days final rule number positions total value index funds energy agriculture markets data speculative positions relative bona fide physical sec subjects index traders swap dealers transactions agricultural energy commodities large traders counter contracts reporting recordkeeping requirements sec directs cftc set position limits person respect designated contract markets derivative transaction execution facilities electronic trading facilities convene position limit agricultural advisory group position limit energy group sec revises core principles applicable position limits contracts agricultural energy commodities require position limits sec directs cftc appoint new time employees increase agriculture energy market transparency improve enforcement sec directs cftc review prior actions ensure compliance act counter markets sec directs cftc study efficacy consequences establishing position limits bona fide hedge positions held person respect certain agreements contracts transactions involving agricultural energy commodity government_accountability_office gao study international regime regulating trading energy commodity futures derivatives cftc study effects agriculture energy futures markets prices sec directs cftc require regular reporting fungible counter agricultural energy transactions determine transactions potential disrupt market liquidity cause market price disturbances use discretion impose position limits sec authorizes cftc use expedited procedures carry act


Summary: Small Business Access to Savings Act of 2008 - Amends the Internal Revenue Code to allow a tax-free hardship distribution from a 401k pension plan to prevent the insolvency of a trade or business of the plan participant.

small business access savings act amends_the_internal_revenue_code allow tax free hardship distribution pension plan prevent insolvency trade business plan participant


Summary: Commodity Prices Oversight and Transparency Act of 2008 - Expresses the sense of the House of Representatives that the President should immediately send to Congress a request for additional appropriations for FY2008 for the Commodity Futures Trading Commission (CFTC) to: (1) help restore public confidence in commodity futures markets and federal oversight of those markets; (2) allow the CFTC to reduce the potential threat of market manipulation or congestion by potential imposition of position limitations for speculators should the CFTC determine the absence of position limitations for speculators is causing an increase in the price of oil, gasoline, diesel, and other energy commodities; (3) improve its information technology capabilities significantly; and (4) fund at least 100 new full-time positions to regulate such markets. Amends the Commodity Exchange Act (Act) to direct the CFTC to appoint additional full-time employees.Directs the CFTC to take specified steps to enforce and promote accountability and transparency for contracts trading on foreign boards of trade. Shields from liability certain persons trading on a legally organized foreign board of trade. States that no contract of sale of a commodity for future delivery transacted through the facilities of a board of trade, exchange, or market located outside the United States shall be void, voidable, or unenforceable, and no party to such contract shall be entitled to rescind or recover any payments made with respect to such contract based upon the noncompliance of the foreign board of trade with such Act. Requires the CFTC to: (1) issue a proposed rule governing reporting requirements for index traders and swap dealers in futures markets for exempt and agricultural commodities; (2) disaggregate and make public monthly information on the positions and value of index funds and other passive positions material to a commodity futures or options markets; and (3) report to certain congressional committees on the scope of commodity index trading in the futures market, including whether such trading adversely affects price discovery in the futures markets.

commodity prices oversight transparency_act expresses sense house_of_representatives president immediately send congress request additional appropriations fy2008 commodity_futures_trading_commission cftc help restore public confidence commodity futures markets federal oversight markets allow cftc reduce potential threat market manipulation congestion potential imposition position limitations cftc determine absence position limitations causing increase price oil gasoline diesel energy commodities improve information technology capabilities significantly fund new time positions regulate markets amends commodity_exchange_act act direct cftc appoint additional time employees directs cftc specified steps enforce promote accountability transparency contracts trading foreign boards trade shields liability certain persons trading legally organized foreign board trade states contract sale commodity future delivery facilities board trade exchange market located outside united_states shall void unenforceable party contract shall entitled rescind recover payments respect contract based noncompliance foreign board trade act requires cftc issue proposed rule governing reporting requirements index traders swap dealers futures markets exempt agricultural commodities disaggregate public monthly information positions value index funds passive positions material commodity futures options markets report certain congressional committees scope commodity index trading futures market including trading adversely affects price discovery futures markets


Summary: Preventing Manipulation in Commodity Markets Act of 2008 - Amends the Commodity Exchange Act to define "energy commodity." Prohibits the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its U.S-located members with access to the CFTC electronic trading system and order matching system for energy or agricultural commodities unless such board meets requirements similar to those imposed upon U.S. exchanges. Subjects swap transactions, transactions for agricultural and energy commodities, and large traders in over-the-counter contracts to reporting and recordkeeping requirements. Directs the Commission to: (1) set position limits for any one person with respect to designated contract markets, derivative transaction execution facilities, and electronic trading facilities; (2) convene a Position Limit Agricultural Advisory Group and a Position Limit Energy Group; (3) appoint at least 100 new full-time employees; (4) review prior actions to ensure compliance with this Act; and (5) review over-the-counter markets. Revises the core principles applicable to position limits for contracts in agricultural and energy commodities to require position limits for speculators. Directs the Government Accountability Office (GAO) to conduct a study of: (1) the international regime for regulating the trading of energy commodity futures and derivatives; and (2) speculators' effects on agriculture and energy futures markets and prices. Directs the Commission to: (1) require regular reporting of fungible over-the-counter agricultural and energy transactions; and (2) determine if such transactions have the potential to disrupt market liquidity or cause market or price disturbances, and if so, to use its discretion to impose position limits. Authorizes the Commission to use expedited procedures to carry out this Act.

preventing manipulation commodity markets act amends commodity_exchange_act define energy commodity prohibits commodity_futures_trading_commission cftc permitting foreign board trade provide located members access cftc electronic trading system order matching system energy agricultural commodities board meets requirements similar imposed exchanges subjects swap transactions transactions agricultural energy commodities large traders counter contracts reporting recordkeeping requirements directs commission set position limits person respect designated contract markets derivative transaction execution facilities electronic trading facilities convene position limit agricultural advisory group position limit energy group appoint new time employees review prior actions ensure compliance act review counter markets revises core principles applicable position limits contracts agricultural energy commodities require position limits directs government_accountability_office gao conduct study international regime regulating trading energy commodity futures derivatives effects agriculture energy futures markets prices directs commission require regular reporting fungible counter agricultural energy transactions determine transactions potential disrupt market liquidity cause market price disturbances use discretion impose position limits authorizes commission use expedited procedures carry act


Summary: Taxpayer Bailout Protection Act of 2008 - Amends the Sarbanes-Oxley Act of 2002 to require an officer of an issuer of registered securities to pay to the Department of the Treasury any bonus or other incentive-based or equity-based compensation received from the issuer during a year in which the issuer is subject to a taxpayer bailout and the two prior years. Defines "taxpayer bailout" as: (1) placement of the issuer under conservatorship, receivership, or other assumption of the management, governance, and control of the issuer by the Treasury or by the Board of Governors of the Federal Reserve; or (2) an emergency loan of public funds made to the issuer by the Treasury or the Board, if the Board Chairman determines that such a loan is necessary to prevent the issuer's imminent failure.

taxpayer bailout protection act amends sarbanes-oxley_act require officer issuer registered securities pay department_of_the_treasury bonus incentive based equity based compensation received issuer year issuer subject taxpayer bailout prior years defines taxpayer bailout placement issuer conservatorship receivership assumption management governance control issuer treasury board_of_governors federal_reserve emergency loan public funds issuer treasury board board chairman determines loan necessary prevent issuer imminent failure


Summary: Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008 - Amends the Internal Revenue Code to impose an excise tax on securities or commodity transactions equal to 0.25% of the value of the instruments involved in such transactions. Makes such tax payable by the trading facility on which such transactions occur.

let wall street pay wall street assets act amends_the_internal_revenue_code impose excise tax securities commodity transactions equal value instruments involved transactions makes tax payable trading facility transactions occur


Summary: Judgment Evading Foreign States Accountability Act of 2008 - Directs the Securities and Exchange Commission (SEC) to deny a judgment evading foreign state (as defined by this Act) access to U.S. capital markets unless the proceeds of such borrowing or sale are to be used to satisfy in full all final judgments that form the basis for such designation as a judgment evading foreign state. Requires: (1) a proposal to extend bilateral or multilateral assistance to a judgment evading state to bear notice that such state is a judgment evading state; and (2) the Secretary of the Treasury to report annually to Congress identifying each such state.

judgment evading foreign states accountability_act directs securities_and_exchange_commission sec deny judgment evading foreign state defined act access capital markets proceeds borrowing sale satisfy final judgments form basis designation judgment evading foreign state requires proposal extend bilateral multilateral assistance judgment evading state bear notice state judgment evading state secretary treasury report annually congress identifying state


Summary: Derivatives Market Reform Act of 1999 - Amends the Securities Exchange Act of 1934 to set forth registration requirements for derivatives dealers and for securities association membership. Grants the Securities and Exchange Commission (SEC): (1) administrative enforcement powers; and (2) exclusive jurisdiction regarding accounts, agreements, transactions, and markets in derivatives.Redefines securities to include derivatives.Authorizes both a registered securities exchange and a national securities exchange to adopt rules governing transactions in derivatives.Directs the SEC to promulgate capital level requirements that take into account the financial activities of a derivatives dealer who is a material associated person of a broker or dealer (including aggregate leverage, customary sources of capital and funding, and credit risk).Sets forth risk assessment and recordkeeping requirements governing holding companies and other material associated persons associated with: (1) a government securities broker or dealer; and (2) a municipal securities dealer. Amends the Investment Company Act of 1940 to require unregistered hedge funds to report to the SEC certain information prepared in accordance with U.S. generally accepted accounting principles (including information for each pooled investment vehicle that is part of an unregistered hedge fund).

derivatives market reform_act amends securities_exchange_act set forth registration requirements derivatives dealers securities association membership grants securities_and_exchange_commission sec administrative enforcement powers exclusive jurisdiction accounts agreements transactions markets derivatives redefines securities include derivatives authorizes registered securities exchange national securities exchange adopt rules governing transactions derivatives directs sec promulgate capital level requirements account financial activities derivatives dealer material associated person broker dealer including aggregate leverage customary sources capital funding credit forth risk assessment recordkeeping requirements governing holding companies material associated persons associated government securities broker dealer municipal securities dealer amends investment company act require unregistered hedge funds report sec certain information prepared accordance generally accepted accounting principles including information pooled investment vehicle unregistered hedge fund


Summary: Responsibly Ending Authority to Purchase Act of 2008 or the REAP Act of 2008 - Terminates the authority of the Secretary of the Treasury to establish the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008 (EESA). Amends the EESA to convert the program to guarantee troubled assets into a program to guarantee troubled mortgage-backed securities. Terminates such program on December 31, 2009. Renames the Troubled Assets Insurance Financing Fund the Troubled Mortgage-Backed Securities Insurance Financing Fund. Defines troubled mortgage-backed securities as a residential or commercial mortgage or any instrument originated or issued on or before March 14, 2008, that is based upon or related to such mortgage. Amends the Internal Revenue Code to allow a deduction for between 85% and 100% of dividends received from controlled foreign corporations by certain corporations which are U.S. shareholders. Requires such deduction to be invested in the United States pursuant to a specified domestic reinvestment plan, including as a source for the funding of worker hiring and training, infrastructure, research and development, capital investments, or the financial stabilization of the corporation for the purposes of job retention or creation. States that such reinvestment requirements shall be met if amounts repatriated are invested in distressed debt for at least one year.

responsibly ending authority purchase act reap act terminates authority secretary treasury establish troubled_asset_relief_program tarp emergency_economic_stabilization_act eesa amends eesa convert program guarantee troubled assets program guarantee troubled mortgage backed securities terminates program december renames troubled assets insurance financing fund troubled mortgage backed securities insurance financing fund defines troubled mortgage backed securities residential commercial mortgage instrument originated issued march based related mortgage amends_the_internal_revenue_code allow deduction dividends received controlled foreign corporations certain corporations shareholders requires deduction invested united_states pursuant specified domestic reinvestment plan including source funding worker hiring training infrastructure research development capital investments financial stabilization corporation purposes job retention creation states reinvestment requirements shall met amounts repatriated invested distressed debt year


Summary: Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.

simplification additional reporting tax act amends_the_internal_revenue_code include reporting requirements investment brokers adjusted basis security owned customers brokers


Summary: Total Force Educational Assistance Enhancement and Integration Act of 2007 - Recodifies under federal veterans' benefits law (currently codified under federal armed forces law) provisions relating to educational assistance for members of the reserves. Directs the Secretary of Veterans Affairs (Secretary) (currently, the Secretary of each military department) to carry out such assistance. Makes eligible for such assistance under this Act those who, after October 1, 2008: (1) enlist or extend an enlistment in the Selected Reserve for not less than six years; or (1) are appointed or agree to serve in the Selected Reserve for at least six years. Includes under this Act those eligible for such assistance as of October 1, 2008. Increases monthly amounts of authorized assistance. Removes restrictions on the use of such assistance for apprenticeships and on-job training, flight training, licensing and certification tests, and individualized tutorial assistance. Requires the Secretary (currently, the military department Secretaries) to provide educational assistance to reserve personnel ordered to active duty in response to a war or national emergency. Makes eligible for such assistance under this Act those who, on or after October 1, 2008: (1) serve on active duty in support of a contingency operation for 90 days or more; or (2) perform full-time National Guard duty for 90 days or more in response to a national emergency. Includes under this Act those eligible for such assistance as of October 1, 2008. Revises provisions concerning assistance amounts. Requires funding for benefits accruing under this Act: (1) on or after October 1, 2008, to be made from funds available to the Department of Veterans Affairs (VA) for the payment of readjustment benefits; and (2) before such date from the Department of Defense Education Benefits Fund.

total force educational assistance enhancement integration act recodifies federal veterans benefits law currently codified federal armed_forces law provisions relating educational assistance members reserves directs secretary veterans_affairs secretary currently secretary military department carry assistance makes eligible assistance act october enlist extend enlistment selected_reserve years appointed agree serve selected_reserve years includes act eligible assistance october increases monthly amounts authorized assistance removes restrictions use assistance apprenticeships job training flight training licensing certification tests individualized tutorial assistance requires secretary currently military department secretaries provide educational assistance reserve personnel ordered active duty response war national emergency makes eligible assistance act october serve active duty support contingency operation days perform time national_guard duty days response national emergency includes act eligible assistance october revises provisions concerning assistance amounts requires funding benefits accruing act october funds available department_of_veterans_affairs payment readjustment benefits date department_of_defense education benefits fund


Summary: Legal Immigrant Children's Health Improvement Act of 2007 - Amends titles XIX (Medicaid) and XXI (Children's Health Insurance) (SCHIP) of the Social Security Act to grant states the option of covering certain categories of eligible pregnant women and child resident aliens, including targeted low-income children, under the Medicaid and SCHIP programs.

legal immigrant children health improvement act amends titles xix medicaid xxi children health insurance schip social_security_act grant states option covering certain categories eligible pregnant women child resident aliens including targeted low income children medicaid schip programs


Summary: Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation. States that such shareholder vote shall not be binding on the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; and (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation. Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of an issuer's assets, to disclose compensation agreements or understandings with the principal executive officers of either the issuer or acquiring issuer regarding any type of (golden parachute) compensation which: (1) relates to such disposition; and (2) has not been subject to a shareholder vote. Provides that proxy solicitation material containing such executive compensation disclosures shall require a separate shareholder vote to approve such agreements or understandings. States that such shareholder vote shall not be binding on the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; and (3) to constrain shareholder ability to make proposals for inclusion in proxy materials related to executive compensation.

shareholder vote executive compensation act_-_amends securities_exchange_act require proxy consent authorization shareholder meeting occurring january permit separate shareholder vote approve executive compensation states shareholder vote shall binding board_of_directors construed board decision create imply additional fiduciary duty board restrict limit shareholder ability proposals inclusion proxy materials related executive compensation requires proxy solicitation material shareholder meeting occurring january concerning disposition substantially issuer assets disclose compensation agreements principal executive officers issuer acquiring issuer type golden parachute compensation relates disposition subject shareholder vote provides proxy solicitation material containing executive compensation disclosures shall require separate shareholder vote approve agreements states shareholder vote shall binding board_of_directors construed board decision create imply additional fiduciary duty board constrain shareholder ability proposals inclusion proxy materials related executive compensation


Summary: Hedge Fund Registration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from registration requirements of an investment adviser who: (1) during the preceding 12 months has had fewer than 15 clients; (2) does not hold himself out generally to the public as an investment adviser; and (3) does not act as one to any registered investment company or a company which has elected to be a business development company. Revises such exemption to specify, in addition to these criteria, that during the preceding 12-month period the investment adviser: (1) had assets under management of not more than $50 million; and (2) did not manage the assets of more than 15 investors, whether individually, in a pooled investment vehicle, or otherwise.

hedge fund registration act amends investment advisers act respect exemption registration requirements investment adviser preceding months fewer clients hold generally public investment adviser act registered investment company company elected business development company revises exemption specify addition criteria preceding month period investment adviser assets management million manage assets investors individually pooled investment vehicle


Summary: Close the Enron Loophole Act - Amends the Commodity Exchange Act to provide that it applies to an agreement, contract, or transaction in an exempt commodity that is executed or traded on an electronic trading facility that is an energy trading center.Prohibits any person from entering into an agreement, contract, or transaction for future delivery of an energy commodity that is not a spot sale of cash commodity or a sale of a cash commodity for deferred shipment or delivery on or through an energy trading facility that is not registered as such with the U.S. Commodity Futures Trading Commission (CFTC). Sets forth registration criteria.Requires CFTC to ensure that the position limits and accountability levels applicable to contracts in an energy commodity listed for trading on a designated contract market and similar contracts in the same energy commodity listed for trading on an energy trading facility: (1) prevent price manipulation, excessive speculation, price distortion, and disruption of the delivery or cash-settlement process; and (2) are on a parity with each other and are applied in a functionally equivalent manner.Requires CFTC to take necessary action to direct an energy trading facility or a designated contract market to require a person who has exceeded an applicable position limit or accountability level in an energy commodity to limit, reduce, or liquidate any position to prevent or reduce the threat of price manipulation, excessive speculation, price distortion, or disruption of the delivery or cash-settlement process.Sets forth provisions concerning the provision of information and records about energy trading contracts to CFTC.Revises provisions concerning the prohibition on energy contracts designed to defraud or mislead, including by prohibiting any person from cheating or defrauding another person in connection with any contract of sale of any commodity in interstate commerce or for future delivery that is made subject to the rules of a designated contract market for or on behalf of any such person (currently the provisions prohibit members of registered entities, correspondent agents, or employees of members from such actions.)Requires CFTC to issue a rule regarding the requirements for an application for registration for an energy trading facility.

close loophole act_-_amends commodity_exchange_act provide applies agreement contract transaction exempt commodity executed traded electronic trading facility energy trading center prohibits person entering agreement contract transaction future delivery energy commodity spot sale cash commodity sale cash commodity deferred shipment delivery energy trading facility registered commodity_futures_trading_commission cftc sets forth registration criteria requires cftc ensure position limits accountability levels applicable contracts energy commodity listed trading designated contract market similar contracts energy commodity listed trading energy trading facility prevent price manipulation excessive speculation price disruption delivery cash settlement process parity applied functionally equivalent manner requires cftc necessary action direct energy trading facility designated contract market require person exceeded applicable position limit accountability level energy commodity limit reduce liquidate position prevent reduce threat price manipulation excessive speculation price disruption delivery cash settlement process sets forth provisions concerning provision information records energy trading contracts provisions concerning prohibition energy contracts designed defraud mislead including prohibiting person cheating person connection contract sale commodity interstate commerce future delivery subject rules designated contract market behalf person currently provisions prohibit members registered entities correspondent agents employees members cftc issue rule requirements application registration energy trading facility


Summary: Discount Pricing Consumer Protection Act - Amends the Sherman Act to declare that any contract, combination, conspiracy, or agreement setting a minimum price below which a product or service cannot be sold by a retailer, wholesaler, or distributor violates the Act.

discount pricing consumer protection act_-_amends sherman act declare contract combination conspiracy agreement setting minimum price product service sold retailer wholesaler distributor violates act


Summary: Emission Allowance Market Transparency Act of 2007 - Directs the Administrator of the Environmental Protection Agency (EPA) to promulgate regulations to facilitate price transparency in markets for the sale of emission allowances (any allowance, credit, or other permit issued for use in offsetting the emissions of any pollutant by an individual or entity), including regulations to provide for the timely dissemination of information regarding the availability and prices of emission allowances with respect to the Administrator, state regulatory authorities, buyers and sellers of emission allowances, and the public. Directs the Administrator to use information and services provided by publishers and providers of trade processing services to the maximum extent practicable.Prohibits: (1) knowingly providing to the Administrator false information relating to the price or quantity of emission allowances sold, purchased, transferred, banked, or borrowed with the intent to fraudulently affect the data; (2) using, in connection with the purchase or sale of an emission allowance, any manipulative or deceptive device or contrivance in contravention of regulations prescribed to protect the public interest or consumers; or (3) cheating or defrauding another market participant, client, or customer. Directs the Administrator to monitor trading to prevent false reporting, manipulation, and fraud.Requires the Administrator, to prevent excessive speculation, to adopt limitations on: (1) the quantity of trading transactions allowed and the positions that may be held in any emission allowance market; and (2) emission allowance auctions. Sets penalties for violations.

emission allowance market transparency_act directs administrator environmental_protection_agency epa promulgate regulations facilitate price transparency markets sale emission allowances allowance credit permit issued use offsetting emissions pollutant individual entity including regulations provide timely dissemination information availability prices emission allowances respect administrator state regulatory authorities buyers sellers emission allowances public directs administrator use information services provided publishers providers trade processing services maximum extent practicable prohibits knowingly providing administrator false information relating price quantity emission allowances sold purchased transferred borrowed intent fraudulently affect data connection purchase sale emission allowance manipulative deceptive device contrivance contravention regulations prescribed protect public interest consumers cheating market participant client customer directs administrator monitor trading prevent false reporting manipulation fraud requires administrator prevent excessive speculation adopt limitations quantity trading transactions allowed positions held emission allowance market emission allowance auctions sets penalties violations


Summary: Authorizes specified Senate Restaurants employees who are employees of the Architect of the Capitol on the date of enactment of this Act and who become employees of a contractor under a food services contract to elect to continue coverage of federal benefits, including retirement benefits, life and health insurance, annual and sick leave balances and accrual rates, and transit subsidies, after operations of the Senate Restaurants are contracted to be performed by a private business concern.Prohibits the basic pay of such an employee from being reduced below the rate paid to that employee on the day before operations are transferred.Requires the Director of the Office of Personnel Management (OPM) to prescribe regulations to provide for the continuity of benefits.Sets forth provisions concerning severance pay and voluntary separation incentive payments to, and early retirement by, such employees.

authorizes specified senate restaurants employees employees architect capitol date enactment act employees contractor food services contract elect continue coverage federal benefits including retirement benefits life health insurance annual sick leave balances accrual rates transit subsidies operations senate restaurants contracted performed private business concern prohibits basic pay employee reduced rate paid employee day operations transferred requires director office_of_personnel_management opm prescribe regulations provide continuity benefits sets forth provisions concerning severance pay voluntary separation incentive payments early retirement employees


Summary: Oil Trading Transparency Act - Amends the Commodity Exchange Act to address the kind of case in which the Commodity Futures Trading Commission (CFTC) grants or considers granting relief to a foreign board of trade from the requirement that it become a designated contract market, derivatives transaction execution facility, or other registered entity with respect to an energy commodity physically delivered in the United States. Requires the CFTC, before granting or considering such relief, to determine that the foreign board of trade: (1) applies comparable principles or requirements regarding daily publication of trading information and position limits or accountability levels for speculators as apply to a designated contract market, derivatives transaction execution facility, or other registered entity trading energy commodities physically delivered in the United States; and (2) provides information to the CFTC regarding the extent of speculative and nonspeculative trading in the energy commodity that is comparable to the information the CFTC determines necessary to publish a Commitment of Traders report for such a designated contract market, derivatives transaction execution facility, or other registered entity.

oil trading transparency act_-_amends commodity_exchange_act address kind case commodity_futures_trading_commission cftc grants considers granting relief foreign board trade requirement designated contract market derivatives transaction execution facility registered entity respect energy commodity physically delivered united_states requires cftc granting considering relief determine foreign board trade applies comparable principles requirements daily publication trading information position limits accountability levels apply designated contract market derivatives transaction execution facility registered entity trading energy commodities physically delivered united_states provides information cftc extent speculative trading energy commodity comparable information cftc determines necessary publish commitment traders report designated contract market derivatives transaction execution facility registered entity


Summary: Securities Litigation Attorney Accountability and Transparency Act - Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to require plaintiff and plaintiff's attorney to provide sworn, signed certifications that identify any actual or promised payment by the attorney to the plaintiff, beyond the plaintiff's pro rata share of any recovery.Requires similar plaintiff and plaintiff's attorney certifications regarding: (1) legal representations; (2) contributions; and (3) conflicts of interest.Requires the court, in exercising discretion over the approval of lead counsel, to employ a competitive bidding process as one of the criteria (unless the court determines that such a process is not feasible). Instructs the Comptroller General to study and report to certain congressional committees on average hourly fees in securities class actions.

securities litigation attorney accountability transparency act_-_amends securities_exchange_act securities act require plaintiff plaintiff attorney provide sworn signed certifications identify actual promised payment attorney plaintiff plaintiff pro rata share recovery requires similar plaintiff plaintiff attorney certifications legal representations contributions conflicts interest requires court exercising discretion approval lead counsel employ competitive bidding process criteria court determines process feasible instructs comptroller_general study report certain congressional committees average hourly fees securities class actions


Summary: Policing United States Oil Commodities Markets Act of 2008 - Amends the Commodity Exchange Act to require a covered market or facility to register with the Commodity Futures Trading Commission (CFTC) as a designated contract market and be subject to each rule established and regulation promulgated by the CFTC. Defines "covered market or facility" as a contract market or electronic trading facility: (1) that operates one or more trading terminals within the United States; (2) on which there is transacted or facilitated any agreement, contract, or transaction that serves as a price discovery function for any energy commodity delivered in the United States; and (3) that is regulated by a foreign regulatory agency.

policing united_states oil commodities markets act amends commodity_exchange_act require covered market facility register commodity_futures_trading_commission cftc designated contract market subject rule established regulation promulgated cftc defines covered market facility contract market electronic trading facility operates trading terminals united_states facilitated agreement contract transaction serves price discovery function energy commodity delivered united_states regulated foreign regulatory agency


Summary: Increasing Transparency and Accountability in Oil Prices Act of 2008 - Expresses the sense of the Senate that the President should immediately send to Congress a request for emergency appropriations for FY2008 for the Commodity Futures Trading Commission (CFTC) in an amount sufficient to: (1) help restore public confidence in energy commodities markets and federal oversight of those markets; (2) potentially impose limits on excessive speculation that is increasing the price of oil, gasoline, diesel, and other energy commodities; (3) significantly improve the information technology capabilities of the CFTC to help it effectively regulate the energy futures markets; and (4) fund at least 100 new full-time positions at the CFTC to oversee energy commodity market speculation and to enforce the Commodity Exchange Act.Amends the Commodity Exchange Act to: (1) provide for additional employees for improved enforcement; and (2) establish an independent Office of the Inspector General in the CFTC.Direct the Comptroller General of the United States to study and report to Congress on the international regime for regulating the trading of energy commodity futures and derivatives.Amends the Commodity Exchange Act to address the kind of case in which the CFTC grants or considers granting relief to a foreign board of trade from the requirement that it become a designated contract market, derivatives transaction execution facility, or other registered entity with respect to an energy commodity physically delivered in the United States. Requires the CFTC, before granting or considering such relief, to determine that the foreign board of trade: (1) applies comparable principles or requirements regarding the daily publication of trading information and position limits or accountability levels for speculators as apply to a designated contract market, derivatives transaction execution facility, or other registered entity trading energy commodities physically delivered in the United States; and (2) provides such information to the Commission regarding the extent of speculative and nonspeculative trading in the energy commodity that is comparable to the information the Commission determines necessary to publish a Commitment of Traders report for such a designated contract market, derivatives transaction execution facility, or other registered entity.Authorizes the CFTC, in the case of a registered entity located within the United States or otherwise subject to CFTC jurisdiction and which trades on a foreign board of trade, exchange, or market located outside the United States, to: (1) apply and enforce provisions concerned with violations, including provisions related to manipulation or attempted manipulation, the making of false statements, and willful violations of this Act; (2) require or direct the person to limit, reduce, or liquidate any position to prevent or reduce the threat of price manipulation, excessive speculation, price distortion, or disruption of delivery or the cash settlement process; and (3) apply necessary recordkeeping requirements.Directs the CFTC to: (1) routinely require detailed reporting from index traders and swap dealers in markets under CFTC jurisdiction; (2) reclassify the types of traders for regulatory and reporting purposes to distinguish between index traders and swaps dealers; and (3) review the trading practices for index traders in markets under CFTC jurisdiction to ensure that index trading is not adversely impacting the price discovery process, and to determine whether different practices or regulations should be implemented.Requires the CFTC to disaggregate and make public monthly: (1) the number of positions and total value of index funds and other passive, long-only positions in energy markets; and (2) data on speculative positions relative to bona fide physical hedgers in those markets.

increasing transparency accountability oil prices act expresses sense senate president immediately send congress request emergency appropriations fy2008 commodity_futures_trading_commission cftc sufficient help restore public confidence energy commodities markets federal oversight markets potentially impose limits excessive speculation increasing price oil gasoline diesel energy commodities significantly improve information technology capabilities cftc help effectively regulate energy futures markets fund new time positions cftc oversee energy commodity market speculation enforce commodity_exchange_act amends commodity_exchange_act provide additional employees improved enforcement establish independent office_of_the_inspector_general comptroller_general_of_the_united_states study report congress international regime regulating trading energy commodity futures derivatives amends commodity_exchange_act address kind case cftc grants considers granting relief foreign board trade requirement designated contract market derivatives transaction execution facility registered entity respect energy commodity physically delivered united_states requires cftc granting considering relief determine foreign board trade applies comparable principles requirements daily publication trading information position limits accountability levels apply designated contract market derivatives transaction execution facility registered entity trading energy commodities physically delivered united_states provides information commission extent speculative trading energy commodity comparable information commission determines necessary publish commitment traders report designated contract market derivatives transaction execution facility registered entity authorizes cftc case registered entity located united_states subject cftc jurisdiction trades foreign board trade exchange market located outside united_states apply enforce provisions concerned violations including provisions related manipulation attempted manipulation making false statements willful violations act require direct person limit reduce liquidate position prevent reduce threat price manipulation excessive speculation price disruption delivery cash settlement process apply necessary recordkeeping requirements directs cftc routinely require detailed reporting index traders swap dealers markets cftc jurisdiction reclassify types traders regulatory reporting purposes distinguish index traders swaps dealers review trading practices index traders markets cftc jurisdiction ensure index trading adversely impacting price discovery process determine different practices regulations implemented requires cftc disaggregate public monthly number positions total value index funds passive long positions energy markets data speculative positions relative bona fide physical markets


Summary: End Oil Speculation Act of 2008 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to eliminate manipulation and excessive speculation on petroleum futures markets by investigation, regulation, and rulemaking, while distinguishing between: (1) transactions by commercial producers and purchasers (as well as counterparties) involving actual physical petroleum products for future delivery ("legitimate hedge trading"); and (2) all other trading. Instructs the CFTC to review and: (1) revoke or modify prior action regarding certain transactions, participants, or petroleum futures market activity that is not a legitimate hedge trade; and (2) consider revoking results of prior actions that have the effect of limiting, reducing, or eliminating the full applicability of position limits on trading that is not legitimate hedge trading, or the filing of any report or data regarding a trade or trader. Directs the CFTC to set margin requirements of at least 25% for any trading that is not legitimate hedge trading. Directs the CFTC to subject to its regulation any person engaging in a petroleum futures market activity in any location unless and until the activity occurs in a market or exchange whose regulations are substantially identical to CFTC regulations and are fully enforced. Requires the CFTC to ensure that petroleum futures market participant activities are fully and accurately disclosed. Instructs the CFTC to convene a working group of international regulators to develop uniform international oversight to protect petroleum futures markets from excessive speculation and other specified practices that pose systemic risks.

end oil speculation act amends commodity_exchange_act direct commodity_futures_trading_commission cftc eliminate manipulation excessive speculation petroleum futures markets investigation regulation rulemaking distinguishing transactions commercial producers purchasers counterparties involving actual physical petroleum products future delivery legitimate hedge trading trading instructs cftc review revoke modify prior action certain transactions participants petroleum futures market activity legitimate hedge trade consider revoking results prior actions effect limiting reducing eliminating applicability position limits trading legitimate hedge trading filing report data trade trader directs cftc set margin requirements trading legitimate hedge trading directs cftc subject regulation person engaging petroleum futures market activity location activity occurs market exchange regulations substantially identical cftc regulations fully enforced requires cftc ensure petroleum futures market participant activities fully accurately disclosed instructs cftc convene working_group international regulators develop uniform international oversight protect petroleum futures markets excessive speculation specified practices pose systemic risks


Summary: Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded; and (2) eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities.

energy markets emergency act directs commodity_futures_trading_commission cftc utilize authority including emergency powers curb immediately role excessive speculation contract market jurisdiction control energy futures swaps traded eliminate excessive speculation price sudden unreasonable fluctuations unwarranted changes prices unlawful activity causing major market disturbances prevent market accurately reflecting forces supply demand energy commodities


Summary: Commodity Speculation Reform Act of 2008 - Amends the Commodity Exchange Act to prohibit the Commodity Futures Trading Commission (CFTC) from issuing a no action letter to any foreign board of trade that lists a contract whose price settles on the price of a contract traded on an exchange regulated by the CFTC, unless the foreign board provides the CFTC with information and data accessibility comparable to those provided the CFTC by entities under its jurisdiction. Directs the CFTC to: (1) promulgate regulations to establish and enforce speculative position limits for qualifying commodities, a methodology for aggregating specified positions, and information reporting rules to facilitate monitoring and enforcement of speculative position limits and over-the-counter commodity derivatives; and (2) appoint at least 100 additional full-time employees to assist in carrying out such requirements. Prohibits a person from holding or controlling a position, separately or in combination, net long or net short, for the purchase or sale of a commodity for future delivery or, on a futures-equivalent basis, any option, or an over-the-counter commodity derivative that exceeds CFTC speculative position limits. Instructs the CFTC to study and report to certain congressional committees regarding: (1) trends in speculative activity relating to metals; and (2) possible extension of CFTC authority to cover trading of metals.

commodity speculation reform_act amends commodity_exchange_act prohibit commodity_futures_trading_commission cftc issuing action letter foreign board trade lists contract price price contract traded exchange regulated cftc foreign board provides cftc information data accessibility comparable provided cftc entities jurisdiction directs cftc promulgate regulations establish enforce speculative position limits qualifying commodities methodology aggregating specified positions information reporting rules facilitate monitoring enforcement speculative position limits counter commodity derivatives appoint additional time employees assist carrying requirements prohibits person holding controlling position separately combination net long net short purchase sale commodity future delivery futures equivalent basis option counter commodity derivative exceeds cftc speculative position limits instructs cftc study report certain congressional committees trends speculative activity relating metals possible extension cftc authority cover trading metals


Summary: Stop Excessive Energy Speculation Act of 2008 - Amends the Commodity Exchange Act to extend its coverage to energy commodities such as petroleum products and natural gas.Prohibits the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its members or other participants subject to CFTC jurisdiction direct access to its electronic trading and order matching system unless it meets specified requirements.Authorizes the CFTC to require recordkeeping by any person either located within the United States or entering trades directly into the trade matching system of a foreign board of trade from the United States.Subjects such persons to liability for violation of CFTC rules and regulations.Directs the CFTC to convene a working group of international regulators to develop uniform international reporting and regulatory standards to ensure protection of energy futures markets from nonlegitimate hedge trading, excessive speculation, manipulation, location shopping, and lowest common denominator regulation, each of which poses systemic risks to all energy futures markets, countries, and consumers.Defines "legitimate hedge trading" as transactions by commercial producers and purchasers of actual physical petroleum and energy commodities for future delivery and the direct counterparties to such trades.Directs the CFTC to review oversight actions regarding all energy futures market participants or market activity in order to ensure that: (1) legitimate hedge trading is protected and promoted; and (2) excessive speculation is eliminated.Requires the CFTC to set maximum speculative position limits on nonlegitimate hedge trading.Instructs the CFTC to convene an advisory group to recommend an appropriate level for position limits designed for traders or entities that are not legitimate hedge traders.Authorizes the CFTC to exercise oversight over any disturbance in a commodity market that disrupts its liquidity and price discovery function from accurately reflecting a commodity's supply and demand ("major market disturbance").Requires the CFTC to identify each large over-the-counter transaction or class of such transactions in order to detect and prevent potential price manipulation of, or excessive speculation in, any contract listed for trading on a registered entity.Instructs the CFTC to: (1) routinely require detailed reporting from index traders and swap dealers in markets under its jurisdiction; and (2) review the trading practices for index traders in markets under its jurisdiction to ensure that index trading is not adversely impacting the price discovery process.Requires the CFTC to disaggregate and make public monthly: (1) the number of positions and total value of index funds and other passive, long-only positions in energy markets; and (2) data on speculative positions relative to bona fide physical hedgers in energy markets.Directs the CFTC to appoint additional CFTC employees for enforcement purposes.Establishes a Working Group on Energy Markets to: (1) identify the factors that affect the pricing of crude oil and refined petroleum products, including market speculation; and (2) assess the roles, missions, and structures of relevant federal agencies, interagency coordination, and the gaps that need to be filled for federal oversight and regulation of markets critical to energy security.Amends the Department of Energy Organization Act to require each federal agency head to provide information to the Administrator of the Energy Information Administration for identification of each energy-producing company.Establishes within such Administration a Financial Market Analysis Office responsible for financial analysis of energy markets.Directs the Federal Energy Regulatory Commission (FERC) to investigate and report to certain congressional committees on the role of financial institutions in natural gas markets.Directs the Comptroller General of the United States to study and report to certain congressional committees on: (1) the international regime for regulating the trading of energy commodity futures and derivatives; and (2) the effects of noncommercial speculators upon energy futures markets and energy prices.

stop excessive energy speculation act amends commodity_exchange_act extend coverage energy commodities petroleum products natural gas prohibits commodity_futures_trading_commission cftc permitting foreign board trade provide members participants subject cftc jurisdiction direct access electronic trading order matching system meets specified requirements authorizes cftc require recordkeeping person located united_states entering trades directly trade matching system foreign board trade united_states subjects persons liability violation cftc rules regulations directs cftc convene working_group international regulators develop uniform international reporting regulatory standards ensure protection energy futures markets hedge trading excessive speculation manipulation location shopping lowest common regulation poses systemic risks energy futures markets countries consumers defines legitimate hedge trading transactions commercial producers purchasers actual physical petroleum energy commodities future delivery direct counterparties trades directs cftc review oversight actions energy futures market participants market activity order ensure legitimate hedge trading protected promoted excessive speculation eliminated requires cftc set maximum speculative position limits hedge trading instructs cftc convene advisory group recommend appropriate level position limits designed traders entities legitimate hedge traders authorizes cftc exercise oversight disturbance commodity market disrupts liquidity price discovery function accurately reflecting commodity supply demand major market cftc identify large counter transaction class transactions order detect prevent potential price manipulation excessive speculation contract listed trading registered entity instructs cftc routinely require detailed reporting index traders swap dealers markets jurisdiction review trading practices index traders markets jurisdiction ensure index trading adversely impacting price discovery process requires cftc disaggregate public monthly number positions total value index funds passive long positions energy markets data speculative positions relative bona fide physical energy markets directs cftc appoint additional cftc employees enforcement purposes establishes working_group energy markets identify factors affect pricing crude oil refined petroleum products including market speculation assess roles missions structures relevant federal agencies interagency coordination gaps need filled federal oversight regulation markets critical energy security amends department_of_energy_organization_act require federal agency head provide information administrator energy_information_administration identification energy producing company establishes administration financial market analysis office responsible financial analysis energy markets directs federal_energy_regulatory_commission ferc investigate report certain congressional committees role financial institutions natural gas markets directs comptroller_general_of_the_united_states study report certain congressional committees international regime regulating trading energy commodity futures derivatives effects noncommercial energy futures markets energy prices


Summary: Dayton Aviation National Historical Park Expansion Act - Amends the Dayton Aviation Heritage Preservation Act of 1992 to provide for the acquisition and inclusion of the following additional sites in the Dayton Aviation Heritage National Historical Park: (1) Hawthorn Hill, Oakwood, Ohio; and (2) the Wright Company factory and associated land and buildings, Dayton, Ohio. Authorizes the Secretary of the Interior to enter into a cooperative agreement with one or more partners, including the Wright Family Foundation, to operate and provide programming for Hawthorn Hill and charge reasonable fees to defray park operation and programming costs.

aviation national historical park expansion act_-_amends aviation heritage preservation act provide acquisition inclusion following additional sites aviation heritage national historical park hill ohio company factory associated land buildings ohio authorizes secretary interior enter cooperative agreement partners including family foundation operate provide programming hill charge reasonable fees defray park operation programming costs


Summary: Department of State, Foreign Operations and Related Programs Appropriations Act, 2009 - Makes FY2009 appropriations for the Department of State (Department) for: (1) administration of foreign affairs and diplomatic and consular programs; (2) the civilian stabilization initiative; (3) the Capital Investment Fund; (4) the Office of Inspector General; (5) educational and cultural exchange programs; (6) representation allowances; (7) protection of foreign missions and officials; (8) U.S. embassy security, construction, and maintenance; (9) emergencies in the diplomatic and consular service; (10) the repatriation loans program account; (11) the American Institute in Taiwan; (12) the Foreign Service Retirement and Disability Fund; (13) international organizations, peacekeeping, and commissions; (14) the International Boundary and Water Commission, United States and Mexico; (15) plan preparation and construction of authorized projects; (16) the International Joint Commission and the International Boundary Commission, United States and Canada; (17) international fisheries commissions; (18) international broadcasting operations; (19) the Asia Foundation; (20) the Center for Middle Eastern-Western Dialogue Trust Fund; (21) the Eisenhower Exchange Fellowships, Incorporated; (22) the Israeli Arab Scholarship Program; (23) East-West Center, Hawaii; (24) the National Endowment for Democracy; (25) the Commission for Preservation of America's Heritage Abroad; (26) the United States Commission on International Religious Freedom; (27) the Commission on Security and Cooperation in Europe; (28) the Congressional-Executive Commission on the People's Republic of China; (29) the United States-China Economic and Security Review Commission; (30) the United States Senate-China Interparliamentary Group; (31) migration and refugee assistance; and (32) nonproliferation, anti-terrorism, demining, and related programs. Makes FY2009 appropriations for: (1) operating and international development expenses of the United States Agency for International Development (USAID), and the Office of Inspector General; (2) expenses of the President in carrying out certain programs under the Foreign Assistance Act of 1961; (3) global health and child survival; (4) specified development assistance; (5) international disaster assistance; (6) global food security; (7) development credit authority; (8) the Economic Support Fund; (9) promotion of democracy; (10) assistance for Europe, Eurasia, and Central Asia; (11) international narcotics control and law enforcement; (12) counterdrug activities in the Andean region of South America; (13) the Peace Corps; (14) the Millennium Challenge Corporation; (15) the Inter-American Foundation; (16) the African Development Foundation; (17) the Department of the Treasury for international affairs technical assistance activities and debt restructuring; (18) international organizations, financial institutions, and clean energy technology; (19) the Enterprise of the Americas Multilateral Investment Fund; (20) the Asian Development Fund; and (21) the African Development Fund. Makes FY2009 appropriations for: (1) international military education and training; (2) foreign military financing grants; and (3) international peacekeeping operations. Makes FY2009 appropriations for: (1) the Export-Import Bank, including the Office of Inspector General, direct and guaranteed loan and insurance programs, and administrative expenses; (2) Overseas Private Investment Corporation (OPIC) credit and insurance programs, including administrative expenses, and for the cost of direct and guaranteed loans; and (3) the Trade and Development Agency. Sets forth certain limits and prohibitions on the use of appropriations for specified activities.

department_of_state foreign_operations related programs appropriations act makes fy2009 appropriations department_of_state department administration foreign affairs diplomatic consular programs civilian stabilization initiative capital investment fund office_of_inspector_general educational cultural exchange programs representation allowances protection foreign missions officials embassy security construction maintenance emergencies diplomatic consular service repatriation loans program account american_institute taiwan foreign_service retirement disability fund international organizations peacekeeping commissions international_boundary_and_water_commission united_states mexico plan preparation construction authorized projects international joint commission international boundary commission united_states canada international fisheries commissions international broadcasting operations asia foundation center middle eastern western dialogue trust_fund exchange fellowships incorporated israeli arab scholarship program east west center hawaii national endowment democracy commission preservation america heritage abroad united_states_commission international religious freedom commission security cooperation europe congressional executive commission people republic china united_states china economic security review commission united_states senate china group migration refugee assistance nonproliferation anti terrorism demining related programs makes fy2009 appropriations operating international_development expenses united_states_agency international_development usaid office_of_inspector_general expenses president carrying certain programs foreign assistance_act global health child survival specified development assistance international disaster assistance global food security development credit authority economic_support_fund promotion democracy assistance europe central_asia international narcotics control law enforcement counterdrug activities region south america peace_corps millennium challenge corporation inter american foundation african development foundation department_of_the_treasury international affairs technical assistance activities debt restructuring international organizations financial institutions clean energy technology enterprise americas multilateral investment fund asian development fund african development fund makes fy2009 appropriations international_military_education training foreign military financing grants international peacekeeping operations makes fy2009 appropriations export-import_bank including office_of_inspector_general direct guaranteed loan insurance programs administrative expenses overseas_private_investment_corporation opic credit insurance programs including administrative expenses cost direct guaranteed loans trade_and_development_agency sets forth certain limits prohibitions use appropriations specified activities


Summary: Over-the-Counter Swaps Speculation Limit Act - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to impose aggregate position limits on positions held on registered entities, foreign boards of trade, and each large over-the-counter transaction or class of large over-the-counter transactions that it determines to be appropriate in protecting the price discovery function of contracts under its jurisdiction.Sets forth requirements for development and imposition of aggregate position limits. Authorizes the CFTC to exempt a large over-the-counter transaction or class of large over-the-counter transactions from any aggregate position limit it has developed and imposed if it determines that the transaction is a bona fide hedging transaction. Declares such aggregate position limits applicable to the net sum of the like positions held by a person on or in: (1) registered entities; (2) foreign boards of trade; and (3) over-the-counter commodity derivatives. Authorizes the CFTC to impose a civil penalty for violations of requirements of this Act.

counter swaps speculation limit act_-_amends commodity_exchange_act direct commodity_futures_trading_commission cftc impose aggregate position limits positions held registered entities foreign boards trade large counter transaction class large counter transactions determines appropriate protecting price discovery function contracts jurisdiction sets forth requirements development imposition aggregate position limits authorizes cftc exempt large counter transaction class large counter transactions aggregate position limit developed imposed determines transaction bona fide hedging transaction declares aggregate position limits applicable net sum like positions held person registered entities foreign boards trade counter commodity derivatives authorizes cftc impose civil penalty violations requirements act


Summary: Transparency in Corporate Filings Act - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940, with respect to mandatory public disclosures in either registration statements, prospectuses, reports, or broadcasts, to authorize the Securities and Exchange Commission (SEC) to provide that a disclosure form, periodic report, or document need not be filed if the SEC has otherwise prescribed another means for public disclosure of such information (such as on a website).Amends the Investment Company Act of 1940 to authorize the SEC to: (1) permit or require one or more alternative means of public disclosure (such as on a website) in lieu of, or in addition to, filing with the SEC or transmitting to security holders a registration statement, prospectus, application, report, account, record, or other document; and (2) determine whether any information so disclosed shall be deemed filed or transmitted under the Act.

transparency corporate filings act_-_amends securities act securities_exchange_act investment company act respect mandatory public disclosures registration statements reports broadcasts authorize securities_and_exchange_commission sec provide disclosure form periodic report document need filed sec prescribed means public disclosure information investment company act authorize sec permit require alternative means public disclosure website lieu addition filing sec transmitting security holders registration statement prospectus application report account record document determine information disclosed shall deemed filed transmitted act


Summary: Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the uptick rule) governing short sales of securities; (2) rescind the prohibition against applying certain price tests to short sales; and (3) reinstate price test restrictions that applied to short sales of securities prior to SEC action in a specified proceeding on June 28, 2007.

directs securities_and_exchange_commission sec reinstate rule rule governing short sales securities rescind prohibition applying certain price tests short sales reinstate price test restrictions applied short sales securities prior sec action specified proceeding june


Summary: Amends Internal Revenue Code provisions relating to the tax deduction for dividends received by a U.S. corporation from a controlled foreign corporation to: (1) extend the applicability of such provisions to taxable years beginning after FY2008; and (2) reduce such deduction for corporations that do not maintain certain employment levels.

amends internal_revenue_code provisions relating tax deduction dividends received corporation controlled foreign corporation extend applicability provisions taxable years beginning fy2008 reduce deduction corporations maintain certain employment levels