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]
[S. 1953 Introduced in Senate (IS)]
<DOC>
116th CONGRESS
1st Session
S. 1953
To amend the Commodity Exchange Act 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 SENATE OF THE UNITED STATES
June 25, 2019
Mr. Gardner (for himself and Ms. Baldwin) introduced the following
bill; which was read twice and referred to the Committee on Banking,
Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Commodity Exchange Act 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:
``(J) Reference prices for aluminum premiums.--
``(i) Definitions.--In this subparagraph:
``(I) Premium.--The term `premium'
has the meaning given the term in
section 1.3 of title 17, Code of
Federal Regulations (or successor
regulations).
``(II) Reference price.--The term
`reference price' has the meaning given
the term `commodity reference price' in
section 20.1 of title 17, Code of
Federal Regulations (or successor
regulations).
``(ii) Jurisdiction.--The Commission shall
have exclusive jurisdiction over the setting of
reference prices for aluminum premiums.
``(iii) Consultation with attorney
general.--
``(I) In general.--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 a reference price under
clause (ii).
``(II) Review by attorney
general.--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) Authorities and duties of
attorney general.--The Attorney
General--
``(aa) may cooperate, and
share relevant information,
with the Commission with
respect to the setting of a
reference price under clause
(ii); and
``(bb) shall--
``(AA) review any
proposed regulation or
guideline described in
subclause (II) to
ensure that the
regulation or guideline
is consistent with the
goals and purposes of
the antitrust laws; and
``(BB) submit to
the Commission the
analysis and opinion of
the Attorney General on
that proposed
regulation or
guideline.''.
<all>
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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