APEX Act
The APEX Act (S 1850) gives the Commodity Futures Trading Commission (CFTC) authority to oversee how reference prices for aluminum premiums are set and reported in markets. It requires the CFTC to ensure these pricing mechanisms are fair and transparent, but explicitly states the CFTC cannot set or control actual aluminum prices. The bill mandates the CFTC to consult with the Attorney General on antitrust concerns related to these reference prices and allows the Attorney General to review CFTC regulations to confirm they align with antitrust laws. This directly affects markets and companies involved in setting or reporting aluminum premium reference prices.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2023
Committee Review
Floor Vote
President
Introduced Jun 7, 2023
Last action Jun 7, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 7, 2023
Committee
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
upper
Jun 7, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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