Home > 106th Congressional Bills > S. 50 (is) To improve options for excellence in education. [Introduced in Senate] ...
S. 50 (is) To improve options for excellence in education. [Introduced in Senate] ...
(e) Violations Generally.--Section 9 of the Commodity Exchange Act
(7 U.S.C. 13) is amended--
(1) by redesignating subsection (f) as subsection (e); and
(2) by adding at the end the following:
``(f) Price Manipulation.--It shall be a felony punishable by a
fine of not more than $1,000,000 for each violation or imprisonment for
not more than 10 years, or both, together with the costs of
prosecution, for any person--
``(1) to manipulate or attempt to manipulate the price of
any commodity in interstate commerce, or for future delivery on
or subject to the rules of any registered entity;
``(2) to corner or attempt to corner any such commodity;
``(3) knowingly to deliver or cause to be delivered (for
transmission through the mails or interstate commerce by
telegraph, telephone, wireless, or other means of
communication) false or misleading or knowingly inaccurate
reports concerning market information or conditions that affect
or tend to affect the price of any commodity in interstate
commerce; or
``(4) knowingly to violate section 4 or 4b, any of
subsections (a) through (e) of subsection 4c, or section 4h,
4o(1), or 19.''.
SEC. 11. CONFORMING AMENDMENTS.
(a) Section 2 of the Commodity Exchange Act (7 U.S.C. 2) is
amended--
(1) in subsection (d)(1), by striking ``section 5b'' and
inserting ``section 5a(g), 5b,'';
(2) in subsection (e)--
(A) in paragraph (1), by striking ``, 2(g), or
2(h)(3)''; and
(B) in paragraph (3), by striking ``2(h)(5)'' and
inserting ``2(g)(7)'';
(3) by redesignating subsection (i) as subsection (h); and
(4) in subsection (h) (as redesignated by subparagraph
(C))--
(A) in paragraph (1)--
(i) by striking ``No provision'' and
inserting ``In general.--Subject to subsection
(g), no provision''; and
(ii) in subparagraph (A)--
(I) by striking ``section 2(c),
2(d), 2(e), 2(f), or 2(g) of this Act''
and inserting ``subsection (c), (d),
(e), or (f)''; and
(II) by striking ``section 2(h)''
and inserting ``subsection (g)''; and
(B) in paragraph (2), by striking ``No provision''
and inserting ``In general.--Subject to subsection (g),
no provision''.
(b) Section 4i of the Commodity Exchange Act (7 U.S.C. 6i) is
amended in the first sentence by inserting ``, or pursuant to an
exemption under section 4(c)'' after ``transaction execution
facility''.
(c) Section 8a(9) of the Commodity Exchange Act (7 U.S.C. 12a(9))
is amended--
(1) by inserting ``or covered entity under section 2(g)''
after ``direct the contract market'';
(2) by striking ``on any futures contract''; and
(3) by inserting ``or covered entity under section 2(g)''
after ``given by a contract market''.
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