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Stop Wall Street Speculation on Commodities
Petition Background (Preamble):
Request the Federal Government to adopt laws on commodity speculation by requiring any commodity purchased, to be consumed by the purchaser or require that every commodity for sale on the exchange be backed by an actual asset that can and will be delivered to the purchaser.
Establish tough regulatory oversight of commodity markets;
Increasing transparency by requiring exchange trading and clearing of most energy contracts;
Providing government agencies with the authority to regulate over-the-counter derivatives. This oversight will prevent big banks from manipulating and cornering commodity markets;
Closing known loopholes including the “Enron Loophole” and the “London Loophole”.
The Stop Wall Street Speculation on Commodities petition to All members of Congress was written by Anonymous and is in the category Law Reform at GoPetition. Contact author here. Petition tags: oil, congress, speculation, wall street, gas, gasoline, heating