APEX Act

Aluminum Pricing Examination Act or the APEX Act

This bill authorizes the Commodity Futures Trading Commission to set reference prices for aluminum premiums.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1406 Introduced in House (IH)]

<DOC>






116th CONGRESS
  1st Session
                                H. R. 1406

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 27, 2019

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

_______________________________________________________________________

                                 A BILL


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

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Aluminum Pricing Examination Act'' 
or the ``APEX Act''.

SEC. 2. JURISDICTION OF THE COMMODITY FUTURES TRADING COMMISSION OVER 
              THE SETTING OF REFERENCE PRICES FOR ALUMINUM PREMIUMS.

    Section 2(a)(1) of the Commodity Exchange Act (7 U.S.C. 2(a)(1)) is 
amended by adding at the end the following:
    ``(E)(i) The Commission shall have exclusive jurisdiction over the 
setting of reference prices for aluminum premiums.
    ``(ii)(I) The Commission shall consult with the Attorney General on 
any relevant information, allegations of anticompetitive conduct, or 
marketplace analysis in the setting or reporting of such a reference 
price.
    ``(II) The Commission shall afford the Attorney General an 
opportunity to review any regulation or guideline proposed by the 
Commission in carrying out this subparagraph to ensure that the 
regulation or guideline is consistent with the goals and purposes of 
the antitrust laws.
    ``(III) The Attorney General may cooperate with, and share relevant 
information with, the Commission, with respect to the setting of such a 
reference price, and shall review any such proposed regulation or 
guideline to ensure that the regulation or guideline is in accordance 
with the goals and purposes of the antitrust laws.
    ``(IV) The Attorney General shall transmit to the Commission the 
views of the Attorney General on any such proposed regulation or 
guideline.''.
                                 <all>