On June 26th, on 1 day's notice, when gasoline prices were going over $4 and crude oil was approaching a world record high of $147, you on 1 day's notice with Ranking Member Goodlatte crafted legislation that passed on June 26th by a 402-19 vote that ordered the CFTC to immerse itself in those markets and use all its powers to drain any speculation, if it were there, in causing these problems.
Commending bipartisan legislation to regulate speculation in oil markets amid rising prices.
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I look forward to working alongside my colleagues to ensure a successful and productive 119th Congress.
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