118th Congress · SENATE BILLBILL

S. 1850 — APEX Act

“A bill to amend the Commodity Exchange Act to extend the jurisdiction of the Commodity Futures Trading Commission to include the oversight of markets that set or report reference prices for aluminum premiums, and for other purposes.”

Finance and financial sector

Introduced Jun 7, 2023

Last action Jun 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 7, 2023

Step 2

Referred

Jun 7, 2023

Agriculture, Nutrition, and Forestry

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill extends the jurisdiction of the Commodity Futures Trading Commission (CFTC) to include the markets for aluminum premiums. Specifically, the CFTC has jurisdiction over (1) the process and manner in which reference prices for such premiums are set or reported, and (2) whether the mechanism for setting such reference prices is fair and transparent. Additionally, the CFTC must consult with the Department of Justice regarding relevant information, including allegations of anticompetitive conduct.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jun 7, 2023

Introduced in Senate

Jun 7, 2023

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.