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Air Transport Association Comments on Passage of H.R. 6604:


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Air Transport Association Of America (ATA)
: 19 September, 2008  (Company News)
Commodity Markets Transparency and Accountability Act
The Air Transport Association (ATA), the industry trade organization for the U.S. airlines, today commented on the passage of H.R. 6604, a bipartisan bill which gives the Commodity Futures Trading Commission (CFTC) the authority to impose additional position limits on certain types of energy trades and provide greater transparency to the energy market.

We are pleased that the House passed H.R. 6604 this will close some of the loopholes that speculators have used to pour billions of dollars into the energy markets and bring more transparency to commodities trading. We look to the Senate for their support in including strong speculation reform in their energy bill. A balanced energy policy that limits excessive speculation and increases supply is what this country so desperately needs.
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