The Enron Loophole

Jickling, Mark

Library of Congress. Congressional Research Service.

关键词: Business;    Finance;    Commodity exchanges;    Futures trading;    Energy;   

RP-ID  :  RS22912
RP-ID  :  RS22912_2008Jul07

美国|英语

来源: UNT Digital Library

【 摘 要 】

The Commodity Exchange Act exempts certain energy derivatives contracts from regulation by the Commodity Futures Trading Commission (CFTC). These exemptions are popularly known as the "Enron loophole." Soaring energy prices have raised concerns about whether the CFTC has enough information about these unregulated markets to monitor energy trading in a comprehensive manner. A number of other bills in the 110th Congress would impose new reporting or regulatory requirements on the bilateral energy swaps market, which was not addressed by the Farm Bill.