,,ii #aad? ,,congress #a/ ,session ,s4 #adbj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #ba1 #bjae ,ms4 ,cantwell introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to am5d ! ,dep>tm5t ( ,en]gy ,organization ,act to provide = ! collection ( in=mation on critical en]gy supplies1 to e/abli% a ,work+ ,gr\p on ,en]gy ,m>kets1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,en]gy ,m>kets ,act ( #bjae4 #b4 ,enhanc$ in=mation on critical en]gy supplies 7a7 ,9 g5]al ,section #bje ( ! ,dep>tm5t ( ,en]gy ,organization ,act 7#db ,u4,s4,c4 #gace7 is am5d$ by add+ at ! end ! foll[+3 7n7 ,collection ( in=mation on critical en]gy supplies 7#a7 ,9 g5]al ,to ensure transp>5cy ( in=mation relat+ to en]gy infra/ructure & product own]%ip 9 ! ,unit$ ,/ates & improve ! ability to evaluate ! en]gy security ( ! ,unit$ ,/ates1 ! ,adm9i/rator1 9 consultation ) o!r ,f$]al ag5cies 7z necess>y71 %all-- 7,a7 n lat] ?an #abj days aft] ! date ( enactm5t ( ?is subsection1 develop & provide notice ( a plan to collect1 9 coop]ation ) ! ,commodity ,futures ,trade ,commission1 in=mation id5tify+ all oil inv5tories1 & o!r physical oil assets 7includ+ all petroleum-bas$ products & ! /orage ( su* products 9 (f-%ore tank]s71 t are own$ by ! #ej l>ge/ trad]s ( oil contracts 7includ+ d]ivative contracts71 z det]m9$ by ! ,commodity ,futures ,trade ,commission2 & 7,b7 n lat] ?an #ij days aft] ! date on :i* notice is provid$ "u subp>agraph 7,a71 implem5t ! plan describ$ 9 t subp>agraph4 7#b7 ,in=mation ,! plan requir$ "u p>agraph 7#a7 %all include a description ( ! plan ( ! ,adm9i/rator = collect+ company-specific data1 includ+-- 7,a7 volumes ( product "u own]%ip2 & 7,b7 /orage & transportation capacity 7includ+ own$ & leas$ capacity74 7#c7 ,protection ( propriet>y in=mation ,section #ab7;f7 ( ! ,f$]al ,en]gy ,adm9i/ration ,act ( #aigd 7#ae ,u4,s4,c4 #gga7;f77 %all apply to in=mation collect$ "u ?is subsection4 7o7 ,collection ( in=mation on /orage capacity = oil & natural gas 7#a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is subsection1 ! ,adm9i/rator ( ! ,en]gy ,in=mation ,adm9i/ration %all collect in=mation quantify+ ! comm]cial /orage capacity = oil & natural gas 9 ! ,unit$ ,/ates4 7#b7 ,updates ,! ,adm9i/rator %all update annually ! in=mation requir$ "u p>agraph 7#a74 7#c7 ,protection ( propriet>y in=mation ,section #ab7;f7 ( ! ,f$]al ,en]gy ,adm9i/ration ,act ( #aigd 7#ae ,u4,s4,c4 #gga7;f77 %all apply to in=mation collect$ "u ?is subsection4 7p7 ,f9ancial m>ket analysis (fice 7#a7 ,e/abli%m5t ,!re %all be )9 ! ,en]gy ,in=mation ,adm9i/ration a ,f9ancial ,m>ket ,analysis ,(fice1 head$ by a director1 :o %all report directly to ! ,adm9i/rator ( ! ,en]gy ,in=mation ,adm9i/ration4 7#b7 ,duties ,! ,(fice %all-- 7,a7 be responsible = analysis ( ! f9ancial aspects ( en]gy m>kets2 7,b7 review ! reports requir$ by section #d7;c7 ( ! ,en]gy ,m>kets ,act ( #bjae 9 advance ( ! submission ( ! reports to ,congress2 & 7,c7 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is subsection-- 7i7 make recomm5dations to ! ,adm9i/rator ( ! ,en]gy ,in=mation ,adm9i/ration t id5tify & quantify any additional res\rces t are requir$ to improve ! ability ( ! ,en]gy ,in=mation ,adm9i/ration to m fully integrate f9ancial m>ket in=mation into ! analyses & =eca/s ( ! ,en]gy ,in=mation ,adm9i/ration1 includ+ ! role ( en]gy futures contracts1 en]gy commodity swaps1 & d]ivatives 9 price =mation = oil2 7ii7 conduct a review ( implications ( policy *anges 7includ+ *anges 9 export or import policies7 & *anges 9 h[ crude oil & ref9$ petroleum products are transport$ ) respect to price =mation ( crude oil & ref9$ petroleum products2 & 7iii7 notify ! ,committee on ,en]gy & ,natural ,res\rces1 & ! ,committee on ,appropriations1 ( ! ,s5ate & ! ,committee on ,en]gy & ,comm]ce1 & ! ,committee on ,appropriations1 ( ! ,h\se ( ,repres5tatives ( ! recomm5dations describ$ 9 clause 7i74 7#c7 ,analyses ,! ,adm9i/rator ( ! ,en]gy ,in=mation ,adm9i/ration %all take analyses by ! ,(fice into acc\nt 9 conduct+ analyses & =eca/+ ( en]gy prices4 4 7b7 ,con=m+ am5dm5t ,section #fde ( ! ,dep>tm5t ( ,en]gy ,organization ,act 7#db ,u4,s4,c4 #gbee7 is am5d$ by ins]t+ 7#ae ,u4,s4,c4 #ccja et seq47 & ! ,natural ,gas ,act 7#ae ,u4,s4,c4 #gag et seq47 aft] ,natural ,gas ,policy ,act ( #aigh4 #c4 ,work+ ,gr\p on ,en]gy ,m>kets 7a7 ,e/abli%m5t ,!re is e/abli%$ a ,work+ ,gr\p on ,en]gy ,m>kets 7ref]r$ to 9 ?is ,act z ! ,work+ ,gr\p74 7b7 ,composition ,! ,work+ ,gr\p %all be compos$ (-- 7#a7 ! ,secret>y ( ,en]gy 7ref]r$ to 9 ?is ,act z ! ,secret>y72 7#b7 ! ,secret>y ( ! ,treasury2 7#c7 ! ,*airman ( ! ,f$]al ,en]gy ,regulatory ,commission2 7#d7 ! ,*airman ( ,f$]al ,trade ,commission2 7#e7 ! ,*airman ( ! ,securities & ,ex*ange ,commission2 7#f7 ! ,*airman ( ! ,commodity ,futures ,trad+ ,commission2 & 7#g7 ! ,adm9i/rator ( ! ,en]gy ,in=mation ,adm9i/ration4 7c7 ,*airp]son ,! ,secret>y %all s]ve z ! ,*airp]son ( ! ,work+ ,gr\p4 7d7 ,comp5sation ,a memb] ( ! ,work+ ,gr\p %all s]ve )\t additional comp5sation = ! "w ( ! memb] ( ! ,work+ ,gr\p4 7e7 ,purpose & function ,! ,work+ ,gr\p %all-- 7#a7 inve/igate ! effect ( increas$ f9ancial inve/m5t 9 en]gy commodities on en]gy prices & ! en]gy security ( ! ,unit$ ,/ates2 7#b7 recomm5d to ! ,presid5t & ,congress laws 7includ+ regulations7 t may be ne$$ to prev5t excessive speculation 9 en]gy commodity m>kets 9 ord] to prev5t or m9imize ! adv]se impact ( excessive speculation on en]gy prices on consum]s & ! economy ( ! ,unit$ ,/ates2 & 7#c7 review en]gy security implications ( developm5ts 9 int]national en]gy m>kets4 7f7 ,adm9i/ration ,! ,secret>y %all provide ! ,work+ ,gr\p ) su* adm9i/rative & support s]vices z may be necess>y = ! p]=mance ( ! functions ( ! ,work+ ,gr\p4 7g7 ,coop]ation ( o!r ag5cies ,! heads ( ,executive dep>tm5ts1 ag5cies1 & indep5d5t in/rum5talities %all1 to ! ext5t p]mitt$ by law1 provide ! ,work+ ,gr\p ) su* in=mation z ! ,work+ ,gr\p requires to c>ry out ?is section4 7h7 ,consultation ,! ,work+ ,gr\p %all consult1 z appropriate1 ) repres5tatives ( ! v>i\s ex*anges1 cle>+h\ses1 self-regulatory bodies1 o!r major m>ket p>ticipants1 consum]s1 & ! g5]al public4 #d4 ,/udy ( regulatory framework = en]gy m>kets 7a7 ,/udy ,! ,work+ ,gr\p %all conduct a /udy-- 7#a7 to id5tify ! factors t affect ! pric+ ( crude oil & ref9$ petroleum products1 includ+ an exam9ation ( ! effects ( m>ket speculation on prices2 & 7#b7 to review & assess-- 7,a7 exi/+ /atutory au?orities relat+ to ! ov]sight & regulation ( m>kets critical to ! en]gy security ( ! ,unit$ ,/ates2 & 7,b7 ! ne$ = additional /atutory au?ority = ! ,f$]al ,gov]nm5t to effectively ov]see & regulate m>kets critical to ! en]gy security ( ! ,unit$ ,/ates4 7b7 ,elem5ts ( /udy ,! /udy %all include-- 7#a7 an exam9ation ( price =mation ( crude oil & ref9$ petroleum products2 7#b7 an exam9ation ( relevant int]national regulatory regimes2 & 7#c7 an exam9ation ( ! degree to :i* *anges 9 en]gy m>ket transp>5cy1 liquidity1 & /ructure h influ5c$ or driv5 abuse1 manipulation1 excessive speculation1 or ineffici5t price =mation4 7c7 ,report & recomm5dations ,! ,secret>y %all submit to ! ,committee on ,en]gy & ,natural ,res\rces ( ! ,s5ate & ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives qu>t]ly progress reports dur+ ! conduct ( ! /udy "u ?is section1 & a f9al report n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 t-- 7#a7 describes ! results ( ! /udy2 & 7#b7 provides options & ! recomm5dations ( ! ,work+ ,gr\p = appropriate ,f$]al coord9ation ( ov]sight & regulatory actions to ensure transp>5cy ( crude oil & ref9$ petroleum product pric+ & ! elim9ation ( excessive speculation1 includ+ recomm5dations on data collection & analysis to be c>ri$ out by ! ,f9ancial ,m>ket ,analysis ,(fice e/abli%$ by section #bje7p7 ( ! ,dep>tm5t ( ,en]gy ,organization ,act 7#db ,u4,s4,c4 #gace7p774 7d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z are necess>y to c>ry out ?is section4