S.3130 - Increasing Transparency and Accountability in Oil Prices Act of 2008 Sponsor: Richard Durbin / 110th Congress

Title
110th Congress - A bill to provide energy price relief by authorizing greater resources and authority for the Commodity Futures Trading Commission, and for other purposes. hidemore...
Summary
A bill to provide energy price relief by authorizing greater resources and authority for the Commodity Futures Trading Commission, and for other purposes. (by CRS)
Status
The bill has been introduced.

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S. 3130 Helps Airlines by Michael Yu, Jul 17, 2008 (5:31pm)

In our world of rising oil costs, airlines are often amongst those hit hardest. Airlines already earn little profit and the current rise in oil prices have forced many airlines to reduce the number of available carriers. Furthermore, passengers are also hurt because services that were previously complimentary now requires fees. This bill will allow the Commodity Futures Trading Commission to have power over speculation, allowing for transparency and thus a price relief for both airlines as well as its passengers.

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