Repeal Senate Bill 3283, also named the Commodity Futures Modernization Act of 2000

Senate Bill 3283, also named the Commodity Futures Modernization Act of 2000 was sponsored by Republican Sen. Richard Lugar of Indiana, Phil Gramm was listed as one of the bill’s co-sponsors. Like it had in the House, THE BILL WAS DESTINED TO GO NOWHERE UNTIL THE REPUBLICAN SCAMMERS ATTACHED IT AS A RIDER TO AN 11000 PAGE APPROPRIATIONS BILL.
The Commodity Futures Modernization Act of 2000 deregulated the market for energy futures. This is what is commonly referred to as “the Enron loophole.” It has led to malpractice and manipulation of these unregulated dark markets resulting in price spikes far beyond what the normal law of supply and demand would dictate.