CLOSE THE LONDON LOOPHOLE ACT GIVES CFTC CLEAR AUTHORITY OVER U.S. COMMODITIES TRADED ON FOREIGN EXCHANGES

Capitol Hill Press Releases | June 12, 2008 | Copyright

Capitol Hill Press Releases
06-12-2008
For Immediate Release Close the London Loophole Act Gives CFTC Clear Authority
Over U.S. Commodities Traded on Foreign Exchanges Contacts: Tara Andringa
202-228-3685 June 12, 2008 WASHINGTON - Senator Carl Levin (D-MI), Senators
Dianne Feinstein (D-CA), Dick Durbin (D-IL), Byron Dorgan (D-ND) and Jeff
Bingaman (D-NM) today introduced the Close the London Loophole Act, which
would ensure that the Commodity Futures Trading Commission (CFTC) has the
same authority to detect, prevent, and punish manipulation and excessive
speculation for traders in the United ...

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