House Passes CFTC Bill on Natural Gas Futures Oversight

Despite opposition from the White House and Federal Reserve Chairman Alan Greenspan, the House of Representatives passed a bill Wednesday that would increase federal regulators’ powers to supervise and regulate natural gas futures markets.

The House bill, passed by voice vote, would strengthen penalties for price manipulation and give the Commodities Futures Trading Commission responsibility to investigate fraud in trading of natural gas contracts.
Schlumberger