Vote On Energy Speculator Bill Today

Posted by Brad Johnson Thu, 18 Sep 2008 11:19:00 GMT

E&E News reports:
House Democrats will continue devoting floor time to energy issues with a vote today to limit speculative trading in commodity futures markets. The bill, H.R. 6604, will be brought under a closed rule that does not allow amendments except a GOP alternative to be offered in the form of a motion to recommit. Except for a few technical details that keep the bill within the jurisdiction of the Agriculture Committee, the legislation is nearly identical to the speculation bill that did not pass before the August recess. In July, the legislation failed to win the two-thirds votes necessary to pass under expedited rules Democrats used to eliminate the possibility of Republicans attempting amendments on offshore drilling. The bill did obtain a majority vote of 276-151.

Republicans will likely attempt to use the motion to recommit to replace the bill with a GOP comprehensive energy bill that includes lifting the moratorium on oil and gas drilling on the outer continental shelf and provisions supporting clean coal, nuclear and conservation initiatives.

Yesterday, the Republican motion to recommit failed 191-226.