APEX Act

Bill: 115-hr-6927
Sponsor: full_name: Rep. Buck, Ken [R-CO-4]
Introduced: 2018-09-27
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Commodities markets

Commodity Futures Trading Commission

Competition and antitrust

Department of Justice

Inflation and prices

Metals
Latest action: action_date: 2018-10-22
text: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Summaries:
action_date: 2018-09-27
action_desc: Introduced in House
text: <p><b>Aluminum Pricing Examination Act or the APEX Act </b></p> <p>This bill authorizes the Commodity Futures Trading Commission to set reference prices for aluminum premiums. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6927 IN THE HOUSE OF REPRESENTATIVES September 27, 2018 Mr. Buck (for himself and Mr. Costa ) 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.

1. Short title This Act may be cited as the Aluminum Pricing Examination Act or the APEX Act . 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. .