Sen. Bernie Sanders (I-Vt.) introduced legislation today that would order the federal commodity regulators overseeing futures trading to limit the positions on oil speculators in an effort to curb high gas prices.
The bill, titled End Excessive Oil Speculation Now Act of 2011, has been in the making for weeks More…
Legislation to restore federal regulation of fracking would not protect households that draw water from private wells because such wells are not overseen by the U.S. Environmental Protection Agency, fracking opponents warn.
Hydraulic fracturing or fracking is a method of collecting methane (natural gas) from shale deposits by blasting the More…
U.S. Reps. Diana DeGette and Jared Polis, both Colorado Democrats, have once again introduced the Fracturing Responsibility and Awareness of Chemicals Act (FRAC Act) to regain federal regulatory authority over the natural gas drilling process known as hydraulic fracturing, or fracking.
DeGette and Polis unsuccessfully ran the legislation last session, More…
Ten years ago, Congress dismantled the decades-old Glass-Steagall Act, breaking down the firewalls between commercial banks and securities houses, and helping Wall Street firms grow into the too-big-to-fail institutions that exist now. There’s been a great deal of debate about the extent to which the death More…
The Department of Justice today announced new guidelines for federal prosecutions of medical marijuana, indicating a new leniency in states that have legalized the drug to treat certain ailments. In a memo to federal prosecutors, Attorney General Eric Holder said the change represents the agency’s wish More…
A group of liberal House Democrats on Tuesday unveiled legislation that would cap credit card rates at 18 percent. This should not to be confused with the push to freeze rates on existing balances, which made headlines last week — the Democrats’ cap would apply to future transactions as More…
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