,,ii #aai? ,,congress #b;d ,session ,s4 #ddga ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #cj1 #bjbf,ms4 ,cantwell 7= h]self1 ,mr4 ,padilla1 & ,mr4 ,wyd57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to ensure transp>5t & competitive transportation fuel m>kets 9 ord] to protect consum]s f unw>rant$ price increases4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,transportation ,fuel ,m>ket ,transp>5cy ,act4 #b4 ,am5dm5ts to ! prohibitions on m>ket manipulation & false in=mation provisions ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7a7 ,application to transportation fuel ,subtitle ,b ( title ,,viii ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcja et seq47 is am5d$-- 7#a7 9 section #haa1 by /rik+ gasol9e or petroleum di/illates & ins]t+ or transportation fuel2 7#b7 9 section #hab-- 7,a7 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ gasol9e or petroleum di/illates & ins]t+ or transportation fuel2 & 7,b7 9 p>agraph 7#c71 by /rik+ 1 gasol9e1 or petroleum di/illates & ins]t+ or transportation fuel2 & 7#c7 by add+ at ! end ! foll[+ new section3 #haf4 ,def9ition ( transportation fuel ,9 ?is subtitle1 ! t]m transportation fuel includes gasol9e1 di/illate fuels 7includ+ heat+ oil71 jet fuel1 aviation gasol9e1 & bi(uel 7includ+ e?anol1 biomass-bas$ diesel & di/illates1 & r5ewable bl5d+ compon5ts74 4 7b7 ,prohibition on false in=mation ,section #hab ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcjb7 is am5d$-- 7#a7 9 ! matt] prec$+ p>agraph 7#a7-- 7,a7 by /rik+ :olesale & ins]t+ supply (1 op]ational actions relat$ to1 output relat$ to1 or :olesale2 & 7,b7 by /rik+ to a ,f$]al dep>tm5t or ag5cy2 7#b7 9 p>agraph 7#a71 by add+ & at ! end2 7#c7 by /rik+ p>agraph 7#b7 & r$esignat+ p>agraph 7#c71 z am5d$ by subsection 7a71 z p>agraph 7#b72 & 7#d7 9 p>agraph 7#b71 z s r$esignat$1 by /rik+ ! p]son int5d$ ! false or mislead+ data to affect data compil$ by ! dep>tm5t or ag5cy & ins]t+ ! p]son int5d$ ! false or mislead+ in=mation report$ by ! p]son to affect ! analyses4 7c7 ,en=cem5t ,section #hac7;a7 ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcjc7;a77 is am5d$ by /rik+ ,?is subtitle & ins]t+ ,except z o!rwise provid$ 9 section #had1 ?is subtitle4 7d7 ,p5alties ,section #had ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcjd7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ #a1jjj1jjj & ins]t+ #b1jjj1jjj2 & 7#b7 9 subsection 7b71 by /rik+ section #e ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #de7 & ins]t+ section #e7m77#a77;,a7 ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #de7m77#a77;,a774 #c4 ,transportation fuel monitor+ & en=cem5t )9 ! ,f$]al ,trade ,commission 7a7 ,e/abli%m5t ( ! transportation fuel monitor+ & en=cem5t unit 7#a7 ,9 g5]al ,! ,commission %all e/abli% )9 ! ,commission ! ,transportation ,fuel ,monitor+ & ,en=cem5t ,unit 79 ?is section ref]r$ to z ! ,unit74 7#b7 ,duties ( ! unit 7,a7 ,prim>y responsibility ,! prim>y responsibility ( ! ,unit %all be to assi/ ! ,commission 9 protect+ ! public int]e/ by cont9u\sly & compreh5sively collect+1 monitor+1 & analyz+ crude oil & transportation fuel m>ket data 9 ord] to-- 7i7 support transp>5t & competitive m>ket practices2 7ii7 id5tify any m>ket manipulation1 report+ ( false in=mation1 use ( m>ket p[] to disadvantage consum]s1 or o!r unfair me?od ( competition2 & 7iii7 facilitate en=cem5t ( p5alties aga9/ p]sons 9 violation ( relevant /atutory prohibitions4 7,b7 ,specific duties ,9 ord] to c>ry out ! responsibility "u subp>agraph 7,a71 ! ,unit %all assi/ ! ,commission 9 c>ry+ out ! foll[+ duties3 7i7 ,receiv+1 compil+1 & analyz+ relevant buy+ & sell+ activity 9 ord] to id5tify & inve/igate anomal\s m>ket tr5ds & suspici\s behavior4 7ii7 ,det]m9+ :e!r excessive conc5tration or exclusive control ( en]gy-relat$ infra/ructure may all[ or result 9 anti-competitive behaviors4 7iii7 ,ga!r+ evid5ce ( wrongdo+ aga9/ any p]son 9 violation ( ! /atutory prohibitions on m>ket manipulation & false in=mation e/abli%$ 91 & consi/5t )1 subtitle ,b ( title ,,viii ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg1 z am5d$ by section #b1 or any o!r applicable provisions ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #de et seq474 7iv7 ,obta9+ a data-%>+ agreem5t ) ! ,en]gy ,in=mation ,adm9i/ration t includes ! data collect$ 9 accordance ) section #bje7n7 ( ! ,dep>tm5t ( ,en]gy ,organization ,act 7#db ,u4,s4,c4 #gace71 z am5d$ by section #d4 7v7 ,obta9+ data-%>+ agreem5ts ) ! ,commodities ,futures ,trad+ ,commission1 ! ,f$]al ,en]gy ,regulatory ,commission1 & z necess>y & practicable1 ,/ate en]gy (fices or commissions1 & relevant public & private data s\rces t w all[ ! ,commission to receive & ar*ive in=mation on-- 7,i7 crude oil & transportation fuel buy+ & sell+ activity2 7,,ii7 individual physical & f9ancial m>ket positions ( m>ket p>ticipants reg>d+ crude oil & transportation fuel2 7,,iii7 ref9]y output1 capacity1 & inv5tory levels ( crude oil & transportation fuel2 7,,iv7 imports & exports ( crude oil & transportation fuel )9 regions & at levels t c\ld impact prices fac$ by consum]s2 7,v7 public ann\ncem5ts by en]gy companies ( plann$ pric+ or output decisions reg>d+ crude oil & transportation fuel2 & 7,,vi7 o!r relevant m>ket in=mation t w facilitate ! ga!r+ ( evid5ce describ$ 9 clause 7iii71 includ+ suffici5t m>ket in=mation necess>y to monitor = cross-m>ket manipulations t may include multiple f9ancial & physical m>ket positions4 7vi7 ,any o!r in=mation det]m9$ appropriate by ! ,commission to c>ry out ! responsibility "u subp>agraph 7,a74 7b7 ,def9itions ,9 ?is section3 7#a7 ,commission ,o!r ?an 9 subsection 7a77#b77;,b77v71 ! t]m ,commission means ! ,f$]al ,trade ,commission4 7#b7 ,transportation fuel ,! t]m transportation fuel includes gasol9e1 di/illate fuels 7includ+ heat+ oil71 jet fuel1 aviation gasol9e1 & bi(uel 7includ+ e?anol1 biomass-bas$ diesel & di/illates1 & r5ewable bl5d+ compon5ts74 7c7 ,regulations ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,commission %all promulgate regulations to c>ry out ?is section4 7d7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,commission su* sums z may be necess>y = ea* ( fiscal ye>s #bjbf ?r\gh #bjca to c>ry out ?is section4 #d4 ,transportation fuel m>ket transp>5cy ,section #bje ( ! ,dep>tm5t ( ,en]gy ,organization ,act 7#db ,u4,s4,c4 #gace7 is am5d$-- 7#a7 9 subsection 7a77#a71 9 ! fir/ s5t5ce1 by ins]t+ 7ref]r$ to 9 ?is section z ! ,adm9i/rator7 aft] an ,adm9i/rator2 & 7#b7 by add+ at ! end ! foll[+3 7n7 ,transportation fuel m>ket transp>5cy 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,en]gy company ,! t]m en]gy company means a p]son 7z def9$ 9 section #aa7;e7 ( ! ,en]gy ,supply & ,environm5tal ,coord9ation ,act ( #aigd 7#ae ,u4,s4,c4 #gif7;e777 t-- 7i7 owns or controls comm]cial am\nts ( crude oil or transportation fuel2 or 7ii7 is engag$ 9-- 7,i7 exploration =1 or developm5t (1 crude oil2 7,,ii7 extraction ( crude oil2 7,,iii7 ref9+ or o!rwise process+ crude oil or transportation fuel2 7,,iv7 comm]cial /orage ( crude oil or transportation fuel2 7,v7 transportation by any means ( comm]cial am\nts ( crude oil or transportation fuel2 or 7,,vi7 :olesale or retail di/ribution ( crude oil or transportation fuel4 7,b7 ,transportation fuel ,! t]m transportation fuel means-- 7i7 gasol9e2 7ii7 di/illate fuels1 includ+ heat+ oil2 7iii7 jet fuel2 7iv7 aviation gasol9e2 & 7v7 bi(uel1 includ+ e?anol1 biomass-bas$ diesel & di/illates1 & r5ewable bl5d+ compon5ts4 7#b7 ,purpose ,! purpose ( ?is subsection is to collect data necess>y to facilitate transp>5t & competitive transportation fuel m>kets1 det]m9e adh]5ce to relevant int]national sanctions1 & protect consum]s4 7#c7 ,surveys 7,a7 ,9 g5]al ,! ,adm9i/rator %all conduct surveys ( en]gy companies to collect detail$ & timely in=mation on ,unit$ ,/ates crude oil & transportation fuel m>kets4 7,b7 ,exemption ,! ,adm9i/rator %all exempt an en]gy company f p>ticipat+ 9 ! surveys conduct$ "u subp>agraph 7,a7 if ! en]gy company has a de m9imis m>ket pres5ce or impact1 z det]m9$ by ! ,adm9i/rator4 7#d7 ,data collect$ 7,a7 ,9 g5]al ,! surveys conduct$ "u p>agraph 7#c7 %all collect in=mation on a national1 regional1 ,/ate1 & en]gy company basis4 7,b7 ,in=mation ,! surveys conduct$ "u p>agraph 7#c7 %all collect ! foll[+ in=mation ) respect to crude oil & transportation fuel1 z applicable3 7i7 ,! quantity ( crude oil & transportation fuel import$ & export$4 7ii7 ,! quantity ( crude oil & transportation fuel ref9$1 /or$1 & transport$4 7iii7 ,! quantity ( crude oil & transportation fuel ent]+ f9al retail & comm]cial comm]ce4 7iv7 ,! quantity ( crude oil & transportation fuel pur*as$ & sold at any up/ream po9t betwe5 en]gy companies1 includ+ (f-ex*ange bilat]al sales & sales betwe5 subsidi>ies ( ! same en]gy company4 7v7 ,m>ket price data = ! transactions describ$ 9 clauses 7i7 ?r\gh 7iv74 7vi7 ,submissions to relevant price report+ entities4 7vii7 ,any o!r su* data1 analyses1 or evaluations t ! ,adm9i/rator det]m9es are necess>y to a*ieve ! purpose describ$ 9 p>agraph 7#b74 7,c7 ,orig9 ( fuel ,9 obta9+ ! in=mation describ$ 9 subp>agraph 7,b71 ! ,adm9i/rator %all1 to ! maximum ext5t practicable1 track & publi% ! c\ntry ( orig9al production ( crude oil & transportation fuel t may h be5 resold1 ref9$1 bl5d$1 /or$1 or o!rwise ex*ang$ or sold be=e be+ import$ or export$ into ! ,unit$ ,/ates4 7,d7 ,o!r s\rces ,! ,adm9i/rator may1 :5 practicable & det]m9$ reliable by ! ,adm9i/rator1 obta9 in=mation describ$ 9 subp>agraph 7,b7 f private price publi%]s & provid]s ( trade process+ s]vices4 7#e7 ,m9imiz+ report+ burd5s ,! ,adm9i/rator %all seek to m9imize any burd5s on en]gy companies 9 report+ in=mation to ! ,adm9i/rator "u ?is subsection1 includ+ by automat+ data submission practices = data collect$ "u ! surveys conduct$ "u p>agraph 7#c74 7#f7 ,public di/ribution 7,a7 ,9 g5]al ,to ! maximum ext5t practicable1 subject to ?is p>agraph1 ! ,adm9i/rator %all consi/5tly & promptly make publicly available analyses ( ! results ( ! data collect$ pursuant to ?is subsection 9 a =m & mann] easily adaptable = public use & ma*9e analysis4 7,b7 ,geographical specificity ,analyses publi%$ "u subp>agraph 7,a7-- 7i7 %all be geographically specific en\gh to provide mean+ful diff]5tiation betwe5 fuel m>kets2 & 7ii7 %all n organize geographical data 9 ! =m ( ,petroleum ,adm9i/ration = ,def5se ,di/ricts or o!r geographic aggregations lack+ suffici5t resolution to asc]ta9 regionally specific m>ket tr5ds or disp>ities4 7,c7 ,nondisclosure ,any analysis publi%$ "u subp>agraph 7,a7 %all n disclose matt]s exempt$ f m&atory disclosure "u section #eeb7;b7 ( title #e1 ,unit$ ,/ates ,code4 7#g7 ,data-%>+ agreem5ts 7,a7 ,f$]al ,trade ,commission ,not)/&+ sub*apt] ,,iii ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,confid5tial ,in=mation ,protection & ,/ati/ical ,effici5cy ,act ( #bjah71 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is subsection1 ! ,adm9i/rator %all ent] into a data-%>+ agreem5t ) ! ,f$]al ,trade ,commission t %all all[ any in=mation collect$ pursuant to ?is subsection to be reque/$ by & transf]r$ to ! ,f$]al ,trade ,commission )\t limitation or delay4 7,b7 ,o!r ,f$]al ag5cies ,! ,adm9i/rator may ent] into data-%>+ agreem5ts ) o!r ,f$]al ag5cies t h en]gy-relat$ policy decision-mak+ responsibilities1 includ+ ! ,commodity ,futures ,trad+ ,commission1 ! ,f$]al ,en]gy ,regulatory ,commission1 & ! ,securities & ,ex*ange ,commission4 7#h7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,adm9i/rator to c>ry out ?is section su* sums z are necess>y = ea* ( fiscal ye>s #bjbf ?r\gh #bjca4 4 #e4 ,report on ,,ftc en=cem5t actions bas$ on ! m>ket manipulation & false in=mation provisions ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7a7 ,report ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,f$]al ,trade ,commission 79 ?is section ref]r$ to z ! ,commission7 %all submit to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ( ! ,s5ate & ! ,committee on ,en]gy & ,comm]ce ( ! ,h\se ( ,repres5tatives a report reg>d+ ! en=cem5t actions ( ! ,commission aga9/ prohibit$ m>ket manipulation or false in=mation "u section #hac ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcjc7 dur+ ! cal5d> ye> comm5c+ on ,janu>y #a1 #bjbe1 & ! prec$+ #e cal5d> ye>s4 7b7 ,report cont5ts ,! report requir$ "u subsection 7a7 %all include1 = ea* cal5d> ye>-- 7#a7 ! numb] ( en=cem5t actions initiat$2 & 7#b7 ! numb] ( en=cem5t actions complet$1 includ+-- 7,a7 ! numb] ( su* actions t result$ 9 a violation ( section #haa or #hab ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agcja1 #agcjb71 includ+-- 7i7 ! av]age numb] ( violations p] en=cem5t action2 7ii7 ! av]age civil p5alty assess$ 9 ea* en=cem5t action2 & 7iii7 ! aggregate civil p5alties collect$ by ! ,commission dur+ ! cal5d> ye>2 & 7,b7 ! numb] ( su* actions t result$ 9 a f9d+ ( no violation ( su* section #haa or #hab4 #f4 ,sav+s clause ,no?+ 9 ?is ,act %all be con/ru$ to alt] or exp& ! au?ority ( ! ,f$]al ,trade ,commission4