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[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Emergency Centers 
Establishment Act''.

SEC. 2. ESTABLISHMENT OF NATIONAL EMERGENCY CENTERS.

    (a) In General.--In accordance with the requirements of this Act, 
the Secretary of Homeland Security shall establish not fewer than 6 
national emergency centers on military installations.
    (b) Purpose of National Emergency Centers.--The purpose of a 
national emergency center shall be to use existing infrastructure--
            (1) to provide temporary housing, medical, and humanitarian 
        assistance to individuals and families dislocated due to an 
        emergency or major disaster;
            (2) to provide centralized locations for the purposes of 
        training and ensuring the coordination of Federal, State, and 
        local first responders;
            (3) to provide centralized locations to improve the 
        coordination of preparedness, response, and recovery efforts of 
        government, private, and not-for-profit entities and faith-
        based organizations; and
            (4) to meet other appropriate needs, as determined by the 
        Secretary of Homeland Security.

SEC. 3. DESIGNATION OF MILITARY INSTALLATIONS AS NATIONAL EMERGENCY 
              CENTERS.

    (a) In General.--Not later than 60 days after the date of the 
enactment of this Act, the Secretary of Homeland Security, in 
consultation with the Secretary of Defense, shall designate not fewer 
than 6 military installations as sites for the establishment of 
national emergency centers.
    (b) Minimum Requirements.--A site designated as a national 
emergency center shall be--
            (1) capable of meeting for an extended period of time the 
        housing, health, transportation, education, and humanitarian 
        needs of a large number of individuals affected by an emergency 
        or major disaster;
            (2) environmentally safe and shall not pose a health risk 
        to individuals who may use the center;
            (3) capable of accommodating major disaster preparedness 
        and response drills, operations, and procedures; and
            (4) easily accessible at all times, including during an 
        emergency or major disaster.
    (c) Location of National Emergency Centers.--There shall be 
established not fewer than one national emergency center in each of the 
following areas:
            (1) The area consisting of Federal Emergency Management 
        Agency Regions I, II, and III.
            (2) The area consisting of Federal Emergency Management 
        Agency Region IV.
            (3) The area consisting of Federal Emergency Management 
        Agency Regions V and VII.
            (4) The area consisting of Federal Emergency Management 
        Agency Region VI.
            (5) The area consisting of Federal Emergency Management 
        Agency Regions VIII and X.
            (6) The area consisting of Federal Emergency Management 
        Agency Region IX.
    (d) Preference for Designation of Closed Military Installations.--
Wherever possible, the Secretary of Homeland Security, in consultation 
with the Secretary of Defense, shall designate a closed military 
installation as a site for a national emergency center. If the 
Secretaries of Homeland Security and Defense jointly determine that 
there is not a sufficient number of closed military installations that 
meet the requirements of subsections (b) and (c), the Secretaries shall 
jointly designate portions of existing military installations other 
than closed military installations as national emergency centers.
    (e) Transfer of Control of Closed Military Installations.--If a 
closed military installation is designated as a national emergency 
center, not later than 180 days after the date of designation, the 
Secretary of Defense shall transfer to the Secretary of Homeland 
Security administrative jurisdiction over such closed military 
installation.
    (f) Cooperative Agreement for Joint Use of Existing Military 
Installations.--If an existing military installation other than a 
closed military installation is designated as a national emergency 
center, not later than 180 days after the date of designation, the 
Secretary of Homeland Security and the Secretary of Defense shall enter 
into a cooperative agreement to provide for the establishment of the 
national emergency center.
    (g) Reports.--
            (1) Preliminary report.-- Not later than 90 days after the 
        date of the enactment of this Act, the Secretary of Homeland 
        Security, acting jointly with the Secretary of Defense, shall 
        submit to Congress a report that contains for each designated 
        site--
                    (A) an outline of the reasons why the site was 
                selected;
                    (B) an outline of the need to construct, repair, or 
                update any existing infrastructure at the site;
                    (C) an outline of the need to conduct any necessary 
                environmental clean-up at the site;
                    (D) an outline of preliminary plans for the 
                transfer of control of the site from the Secretary of 
                Defense to the Secretary of Homeland Security, if 
                necessary under subsection (e); and
                    (E) an outline of preliminary plans for entering 
                into a cooperative agreement for the establishment of a 
                national emergency center at the site, if necessary 
                under subsection (f).
            (2) Update report.--Not later than 120 days after the date 
        of the enactment of this Act, the Secretary of Homeland 
        Security, acting jointly with the Secretary of Defense, shall 
        submit to Congress a report that contains for each designated 
        site--
                    (A) an update on the information contained in the 
                report as required by paragraph (1);
                    (B) an outline of the progress made toward the 
                transfer of control of the site, if necessary under 
                subsection (e);
                    (C) an outline of the progress made toward entering 
                a cooperative agreement for the establishment of a 
                national emergency center at the site, if necessary 
                under subsection (f); and
                    (D) recommendations regarding any authorizations 
                and appropriations that may be necessary to provide for 
                the establishment of a national emergency center at the 
                site.
            (3) Final report.--Not later than 1 year after the date of 
        the enactment of this Act, the Secretary of Homeland Security, 
        acting jointly with the Secretary of Defense, shall submit to 
        Congress a report that contains for each designated site--
                    (A) finalized information detailing the transfer of 
                control of the site, if necessary under subsection (e);
                    (B) the finalized cooperative agreement for the 
                establishment of a national emergency center at the 
                site, if necessary under subsection (f); and
                    (C) any additional information pertinent to the 
                establishment of a national emergency center at the 
                site.
            (4) Additional reports.--The Secretary of Homeland 
        Security, acting jointly with the Secretary of Defense, may 
        submit to Congress additional reports as necessary to provide 
        updates on steps being taken to meet the requirements of this 
        Act.

SEC. 4. LIMITATIONS ON STATUTORY CONSTRUCTION.

    This Act does not affect--
            (1) the authority of the Federal Government to provide 
        emergency or major disaster assistance or to implement any 
        disaster mitigation and response program, including any program 
        authorized by the Robert T. Stafford Disaster Relief and 
        Emergency Assistance Act (42 U.S.C. 5121 et seq.); or
            (2) the authority of a State or local government to respond 
        to an emergency.

SEC. 5. AUTHORIZATION OF APPROPRIATIONS.

    There is authorized to be appropriated $125,000,000 for each of 
fiscal years 2006 and 2007 to carry out this Act. Such funds shall 
remain available until expended.

SEC. 6. DEFINITIONS.

    In this Act, the following definitions apply:
            (1) Closed military installation.--The term ``closed 
        military installation'' means a military installation, or 
        portion thereof, approved for closure in 2005 under the Defense 
        Base Closure and Realignment Act of 1990 (part A of title XXIX 
        of Public Law 101-510; 10 U.S.C. 2687 note).
            (2) Emergency.--The term ``emergency'' has the meaning 
        given such term in section 102 of the Robert T. Stafford 
        Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122).
            (3) Major disaster.--The term ``major disaster'' has the 
        meaning given such term in section 102 of the Robert T. 
        Stafford Disaster Relief and Emergency Assistance Act (42 
        U.S.C. 5122).
            (4) Military installation.--The term ``military 
        installation'' has the meaning given such term in section 2910 
        of the Defense Base Closure and Realignment Act of 1990 (part A 
        of title XXIX of Public Law 101-510; 10 U.S.C. 2687 note).
[A]: National Emergency Centers Establishment Act - Directs the Secretary of Homeland Security to establish at least six national emergency centers on mililtary installations to provide: (1) temporary housing, medical, and humanitarian assistance to individuals and families dislocated due to an emergency or major disaster; and (2) centralized locations for the training and coordination of federal, state, and local first responders, and to improve coordination of preparedness, response, and recovery efforts of government, private, and not-for-profit entities and faith-based organizations.

Requires the use of such centers to meet other appropriate needs determined by the Secretary.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Medicare Identity Theft Prevention 
Act of 2010''.

SEC. 2. PROHIBITION OF INCLUSION OF SOCIAL SECURITY ACCOUNT NUMBERS ON 
              MEDICARE CARDS.

    (a) In General.--Section 205(c)(2)(C) of the Social Security Act 
(42 U.S.C. 405(c)(2)(C)), as amended by section 1414(a)(2) of the 
Patient Protection and Affordable Care Act (Public Law 111-148), is 
amended by adding at the end the following new clause:
    ``(xi) The Secretary of Health and Human Services, in consultation 
with the Commissioner of Social Security, shall establish cost-
effective procedures to ensure that a social security account number 
(or any derivative thereof) is not displayed, coded, or embedded on the 
Medicare card issued to an individual who is entitled to benefits under 
part A of title XVIII or enrolled under part B of title XVIII and that 
any other identifier displayed on such card is easily identifiable as 
not being the social security account number (or a derivative 
thereof).''.
    (b) Effective Date.--
            (1) In general.--The amendment made by subsection (a) shall 
        apply with respect to Medicare cards issued on and after an 
        effective date specified by the Secretary of Health and Human 
        Services, but in no case shall such effective date be later 
        than the date that is 24 months after the date adequate funding 
        is provided pursuant to subsection (d)(2).
            (2) Reissuance.--Subject to subsection (d)(2), in the case 
        of individuals who have been issued such cards before such 
        date, the Secretary of Health and Human Services--
                    (A) shall provide for the reissuance for such 
                individuals of such a card that complies with such 
                amendment not later than 3 years after the effective 
                date specified under paragraph (1); and
                    (B) may permit such individuals to apply for the 
                reissuance of such a card that complies with such 
                amendment before the date of reissuance otherwise 
                provided under subparagraph (A) in such exceptional 
                circumstances as the Secretary may specify.
    (c) Outreach Program.--Subject to subsection (d)(2), the Secretary 
of Health and Human Services, in consultation with the Commissioner of 
Social Security, shall conduct an outreach program to Medicare 
beneficiaries and providers about the new Medicare card provided under 
this section.
    (d) Report to Congress and Limitations on Effective Date.--
            (1) Report.--Not later than 90 days after the date of the 
        enactment of this Act, the Secretary of Health and Human 
        Services, acting through the Administrator of the Centers for 
        Medicare & Medicaid Services and in consultation with the 
        Commissioner of Social Security, shall submit to Congress a 
        report that includes detailed options regarding the 
        implementation of this section, including line-item estimates 
        of and justifications for the costs associated with such 
        options and estimates of timeframes for each stage of 
        implementation. In recommending such options, the Secretary 
        shall take into consideration, among other factors, cost-
        effectiveness and beneficiary outreach and education.
            (2) Limitation; modification of deadlines.--With respect to 
        the amendment made by subsection (a), and the requirements of 
        subsections (b) and (c)--
                    (A) such amendment and requirements shall not apply 
                until adequate funding is appropriated pursuant to 
                paragraph (3) to implement the provisions of this 
                section, as determined by Congress; and
                    (B) any deadlines otherwise established under this 
                section for such amendment and requirements are 
                contingent upon the receipt of adequate funding (as 
                determined in subparagraph (A)) for such 
                implementation.
        The previous sentence shall not affect the timely submission of 
        the report required under paragraph (1).
            (3) Authorization of appropriations.--
                    (A) In general.--In addition to any amounts made 
                available to the Secretary of Health and Human Services 
                for the Program Management Account of the Centers for 
                Medicare & Medicaid Services for administrative 
                expenses and to the Commissioner of Social Security for 
                administrative expenses, and subject to subparagraph 
                (B), taking into consideration the report submitted 
                under paragraph (1), there are authorized to be 
                appropriated such sums as are necessary to carry out 
                the previous subsections of this section, including 
                section 205(c)(2)(C)(xi) of the Social Security Act, as 
                added by subsection (a), for each of the five fiscal 
                years beginning after the date of submittal of the 
                report under paragraph (1).
                    (B) Limitation.--Such funds are not authorized to 
                be appropriated until after receipt of the report 
                provided under paragraph (1).
[A]: Medicare Identity Theft Prevention Act of 2010 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to direct the Secretary of Health and Human Services (HHS) to establish cost-effective procedures to ensure that: (1) a Social Security account number (or any derivative) is not displayed, coded, or embedded on the Medicare card issued to an individual entitled to benefits under part A (Hospital Insurance) of title XVIII (Medicare) of the Social Security Act or enrolled under Medicare part B (Supplementary Medical Insurance); and (2) any other identifier displayed on such card is easily identifiable as not being the Social Security account number (or a derivative).


[Q]: SECTION 1. JURISDICTION OF THE COMMODITY FUTURES TRADING COMMISSION 
              OVER ENERGY TRADING MARKETS.

    (a) Repeal of Definition of Exempt Commodity.--Section 1a of the 
Commodity Exchange Act (7 U.S.C. 1a) is amended by striking paragraph 
(14) and inserting the following:
            ``(14) [Repealed.]''.
    (b) FERC Liaison.--Section 2(a)(8) of the Commodity Exchange Act (7 
U.S.C. 2(a)(8)) is amended by adding at the end the following:
                    ``(C) FERC liaison.--The Commission shall, in 
                cooperation with the Federal Energy Regulatory 
                Commission, maintain a liaison between the Commission 
                and the Federal Energy Regulatory Commission.''.
    (c) Exempt Transactions.--Section 2 of the Commodity Exchange Act 
(7 U.S.C. 2) is amended by striking subsection (g) and inserting the 
following:
    ``(g) Exempt Transactions.--
            ``(1) Applicability.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), this Act shall not apply to any 
                agreement, contract, or transaction in a commodity 
                other than an agricultural commodity if the agreement, 
                contract, or transaction--
                            ``(i) is between persons that are eligible 
                        contract participants at the time at which the 
                        agreement, contract, or transaction is entered 
                        into;
                            ``(ii) is subject to individual negotiation 
                        by the parties to the agreement, contract, or 
                        transaction; and
                            ``(iii) is not executed or traded on a 
                        trading facility.
                    ``(B) Exceptions.--An agreement, contract, or 
                transaction described in subparagraph (A) shall be 
                subject to--
                            ``(i) sections 4b, 4c(b), 4o, and 5b;
                            ``(ii) subsections (c) and (d) of section 
                        6, 6c, 6d, and 8a, to the extent that those 
                        provisions--
                                    ``(I) provide for the enforcement 
                                of the requirements specified in this 
                                paragraph and paragraphs (2), (3), and 
                                (4); and
                                    ``(II) prohibit the manipulation of 
                                the market price of any commodity in 
                                interstate commerce or for future 
                                delivery on or subject to the rules of 
                                any contract market;
                            ``(iii) sections 6c, 6d, 8a, and 9(a)(2), 
                        to the extent that those provisions prohibit 
                        the manipulation of the market price of any 
                        commodity in interstate commerce or for future 
                        delivery on or subject to the rules of any 
                        contract market;
                            ``(iv) section 12(e)(2); and
                            ``(v) section 22(a)(4).
            ``(2) Eligible trading facilities and systems.--
                    ``(A) In general.--A person or group of persons 
                that constitutes, maintains, administers, or provides a 
                physical or electronic facility or system in which a 
                person has the ability to offer, execute, trade, or 
                confirm the execution of an agreement, contract, or 
                transaction by making or accepting the bids and offers 
                of all other participants on the facility or system 
                (including facilities or systems described in clauses 
                (i) and (iii) of section 1a(33)(B)), may offer to enter 
                into, enter into, or confirm the execution of any 
                agreement, contract, or transaction under paragraph (1) 
                if the person or group of persons meets the requirement 
                of subparagraph (B).
                    ``(B) Requirement.--The requirement of this 
                subparagraph is that a person or group of persons 
                described in subparagraph (A) shall--
                            ``(i) register with the Commission in any 
                        capacity that the Commission requires by rule, 
                        regulation, or order;
                            ``(ii) file with the Commission any reports 
                        (including large trader position reports) that 
                        the Commission requires by rule, regulation, or 
                        order;
                            ``(iii) maintain sufficient net capital, as 
                        determined by the Commission; and
                            ``(iv)(I) maintain books and records 
                        consistent with section 4i; and
                            ``(II) make those books and records 
                        available to representatives of the Commission 
                        and the Department of Justice for inspection at 
                        all times.
            ``(3) Reporting requirements.--An eligible contract 
        participant that enters into an agreement, contract, or 
        transaction exempt under paragraph (1) shall--
                    ``(A) file with the Commission any reports that the 
                Commission may require by rule, regulation, or order; 
                and
                    ``(B)(i) maintain books and records consistent with 
                section 4i; and
                    ``(ii) make those books and records available to 
                representatives of the Commission and the Department of 
                Justice for inspection at all times.
            ``(4) Transactions exempted by commission action.--Any 
        agreement, contract, or transaction under paragraph (1) that 
        would otherwise be exempted by the Commission under section 
        4(c) shall be subject to--
                    ``(A) sections 4b, 4c(b), and 4o; and
                    ``(B) subsections (c) and (d) of section 6, 6c, 6d, 
                8a, and 9(a)(2), to the extent that those provisions 
                prohibit the manipulation of the market price of any 
                commodity in interstate commerce or for future delivery 
                on or subject to the rules of any contract market.
            ``(5) Effect.--This subsection does not affect the power of 
        the Federal Energy Regulatory Commission to regulate 
        transactions described in paragraph (1) under the Federal Power 
        Act (16 U.S.C. 791a et seq.).''.
    (d) Repeal of Guidelines for Transactions in Exempt Commodities.--
Section 2 of the Commodity Exchange Act (7 U.S.C. 2) is amended--
            (1) by striking subsection (h); and
            (2) by redesignating subsection (i) as subsection (i).
    (e) Contracts Designed to Defraud or Mislead.--Section 4b of the 
Commodity Exchange Act (7 U.S.C. 6b) is amended by striking subsection 
(a) and inserting the following:
    ``(a) Prohibition.--It shall be unlawful--
            ``(1) for any member of a contract market, or for any 
        correspondent, agent, or employee of any member, in or in 
        connection with any order to make, or the making of, any 
        contract of sale commodity in interstate commerce, made, or to 
        be made on or subject to the rules of any contract market; or
            ``(2) for any person, in or in connection with any order to 
        make, or the making of, any agreement, transaction, or contract 
        in a commodity subject to the provisions of this Act--
                    ``(A) to cheat or defraud or attempt to cheat or 
                defraud the other person;
                    ``(B) willfully to make or cause to be made to the 
                other person any false report or statement, or 
                willfully to enter or cause to be entered for the other 
                person any false record;
                    ``(C) willfully to deceive or attempt to deceive 
                the other person by any means in regard to any order or 
                contract or the disposition or execution of the order 
                or contract, or in regard to any act of agency 
                performed with respect to the order or contract for the 
                other person; or
                    ``(D) to bucket the order, or to fill the order by 
                offset against the order of any other person, or 
                willfully, knowingly, and without the prior consent of 
                the other person to become the buyer in respect to any 
                selling order of the other person, or to become the 
                seller in respect to any buying order of the other 
                person.''.
    (f) Conforming Amendments.--The Commodity Exchange Act is amended--
            (1) in section 2(e) (7 U.S.C. 2(e))--
                    (A) in paragraph (1), by striking ``, 2(g), or 
                2(h)(3)'';
                    (B) in paragraph (2), by striking ``, or operating 
                as an exempt board of trade'';
                    (C) by striking paragraph (3); and
                    (D) by redesignating paragraph (4) as paragraph 
                (3);
            (2) in section 2(h) (7 U.S.C. 2(h)) (as redesignated by 
        subsection (d)), by striking ``2(h) or'';
            (3) in section 4i (7 U.S.C. 6i)--
                    (A) by striking ``any contract market or'' and 
                inserting ``any contract market,''; and
                    (B) by inserting ``, or pursuant to an exemption 
                under section 4(c)'' after ``transaction execution 
                facility'';
            (4) in section 5a(g)(1) (7 U.S.C. 7a(g)(1)), by striking 
        ``, or exempt under section 2(h) of this Act'';
            (5) in section 5b (7 U.S.C. 7a-1)--
                    (A) in subsection (a)(1), by striking ``2(h) or''; 
                and
                    (B) in subsection (b), by striking ``2(h) or''; and
            (6) in section 12(e)(2)(B) (7 U.S.C. 16(e)(2)(B)), by 
        striking ``2(h) or''.

SEC. 2. RECRUITMENT AND RETENTION OF QUALIFIED PERSONNEL AT THE FEDERAL 
              ENERGY REGULATORY COMMISSION.

    Section 401(c) of the Department of Energy Organization Act (42 
U.S.C. 7171(c)) is amended--
            (1) by striking paragraph (2);
            (2) by redesignating paragraphs (1), (3), (4), and (5) as 
        subparagraphs (A), (B), (C), and (D), respectively;
            (3) by striking ``(c) The Chairman'' and inserting the 
        following:
    ``(c) Administration.--
            ``(1) In general.--The Chairman''; and
            (4) by adding at the end the following:
            ``(2) Personnel matters.--
                    ``(A) In general.--The Chairman may--
                            ``(i) appoint, prescribe the duties, and 
                        fix the salaries of an executive director, a 
                        secretary, a chief engineer, a general counsel, 
                        a solicitor, and a chief accountant; and
                            ``(ii) subject to the civil service laws--
                                    ``(I) appoint any other officers 
                                and employees that are necessary in the 
                                execution of the duties of the 
                                Commission; and
                                    ``(II) fix the salaries of any 
                                officer or employee appointed under 
                                subclause (I).
                    ``(B) Compensation.--
                            ``(i) In general.--Rates of basic pay for 
                        all employees of the Commission may be set and 
                        adjusted by the Chairman without regard to the 
                        provisions of chapter 51 or subchapter III of 
chapter 53 of title 5, United States Code.
                            ``(ii) Additional compensation.--The 
                        Chairman may provide additional compensation 
                        and benefits to employees of the Commission if 
                        the same type and amounts of compensation or 
                        benefits are or are authorized to be provided 
                        by any other Federal agency under applicable 
                        provisions of law (including regulations).
                            ``(iii) Comparability.--In setting and 
                        adjusting the total amount of compensation and 
                        benefits for employees under this paragraph, 
                        the Chairman shall consult with, and seek to 
                        maintain comparability with, other Federal 
                        agencies.
                    ``(C) Early retirement.--The Chairman may offer 
                early out retirement and voluntary separation incentive 
                payments, as appropriate.
                    ``(D) Recruitment.--The Chairman may use modified 
                hiring delegation authorities to recruit for positions 
                at all grade levels that are difficult to fill, 
                including economists, engineers, accountants, auditors, 
                and energy, market, and financial analysts.
                    ``(E) Merit system principles.--This paragraph 
                shall be administered consistent with merit system 
                principles.
                    ``(F) Consultation with OPM.--In carrying out this 
                paragraph, the Chairman shall consult with the Director 
                of the Office of Personnel Management.''.

SEC. 3. JURISDICTION OF THE FEDERAL ENERGY REGULATORY COMMISSION OVER 
              ENERGY TRADING MARKETS.

    Section 402 of the Department of Energy Organization Act (42 U.S.C. 
7172) is amended by adding at the end the following:
    ``(i) Jurisdiction Over Derivatives Transactions.--
            ``(1) Definitions.--In this subsection:
                    ``(A) Derivatives transaction.--
                            ``(i) In general.--The term `derivatives 
                        transaction' means a transaction based on, or 
                        reflecting prices of or for, electric energy or 
                        natural gas.
                            ``(ii) Inclusions.--The term `derivatives 
                        transaction' includes--
                                    ``(I) futures;
                                    ``(II) options;
                                    ``(III) forwards; and
                                    ``(IV) swaps.
                            ``(iii) Exclusions.--The term `derivatives 
                        transaction' does not include a derivatives 
                        transaction that is--
                                    ``(I) under the exclusive 
                                jurisdiction of the Commodity Futures 
                                Trading Commission; or
                                    ``(II) concerns a retail sale of 
                                electric energy or natural gas and is 
                                under the exclusive jurisdiction of a 
                                State.
                    ``(B) Person.--The term `person' has the meaning 
                given the term in section 1a of the Commodity Exchange 
                Act (7 U.S.C. 1a).
            ``(2) Jurisdiction.--The Commission shall have jurisdiction 
        over--
                    ``(A) derivatives transactions;
                    ``(B) any person that makes a derivatives 
                transaction; and
                    ``(C) any entity that operates an electronic forum 
                in which persons make derivatives transactions.
            ``(3) Authorities and duties.--
                    ``(A) In general.--The authorities and duties of 
                the Commission under this subsection with respect to 
                derivatives transactions shall be the same as the 
                authorities and duties of the Commission under--
                            ``(i) sections 205 and 206 and part III of 
                        the Federal Power Act (16 U.S.C. 824d, 824e, 
                        825 et seq.); and
                            ``(ii) sections 4 and 5 of the Natural Gas 
                        Act (15 U.S.C. 717c, 717d).
                    ``(B) Meetings.--The Commission shall meet 
                quarterly with the Commodity Futures Trading 
                Commission, the Securities Exchange Commission, the 
                Federal Trade Commission, and the Federal Reserve Board 
                to discuss--
                            ``(i) conditions and events in energy 
                        trading markets; and
                            ``(ii) any changes in Federal law 
                        (including regulations) that may be appropriate 
                        to regulate energy trading markets.
                    ``(C) Report.--Not later than the date that is 1 
                year after the date of enactment of this subsection and 
                annually thereafter, the Commission shall submit to 
                Congress a report that describes the activities of the 
                Commission relating to the regulation of derivatives 
                under this subsection during the preceding year.
            ``(4) Rights and obligations.--Persons and entities 
        regulated under this subsection shall have the same rights and 
        obligations as persons regulated by the Commission under 
        sections 205 and 206 and part III of the Federal Power Act (16 
        U.S.C. 824d, 824e, 825 et seq.).
            ``(5) Liaison.--The Commission shall, in cooperation with 
        the Commodity Futures Trading Commission, maintain a liaison 
        between the Commission and the Commodity Futures Trading 
        Commission.
            ``(6) Rates.--It shall be unlawful to make, demand, or 
        receive rates and charges for or in connection with derivatives 
        transactions that are unjust, unreasonable, discriminatory, or 
        preferential.''.
[A]:
Amends the Commodity Exchange Act to repeal: (1) the definition of "exempt commodity"; and (2) the guidelines governing transactions in exempt commodities (thus subjecting to CFTC regulatory oversight formerly exempt commodity transactions).Directs the Commodity Futures Trading Commission (CFTC) to maintain a liaison with the Federal Energy Regulatory Commission (FERC).Subjects formerly exempt swap transactions to: (1) CFTC enforcement jurisdiction; and (2) CFTC proscriptions against manipulation of commodity market prices.Requires eligible trading facilities and systems to comply with CFTC regulations pertaining to: registration, reporting, recordkeeping, and net capital reserves.Expands the prohibition against fraudulent or misleading contracts to include any member of a contract market (currently any member of a registered entity).Amends the Department of Energy Organization Act with respect to the recruitment and retention of qualified personnel at FERC. Grants FERC jurisdiction over: (1) energy trading markets; (2) derivatives transactions reflecting electric energy or natural gas prices (including futures, options, forwards and swaps); (3) any person that makes a derivatives transaction; and (4) any operator of an electronic forum in which derivatives transaction are made.