Friday, June 27, 2008

Pete Sessions one of only 19 against Energy Markets Emergency Act of 2008

Pete Sessions was one of only 19 House members to vote against the Energy Markets Emergency Act of 2008, "To direct the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately the role of excessive speculation in any contract market within the jurisdiction and control of the Commodity Futures Trading Commission, on or through which energy futures or swaps are traded, and to 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."

This bill passed 402-19, with 13 not voting. Roll call information available at this link: Roll Call 468

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