Section 1 Short title
This Act may be cited as the “Aluminum Pricing Examination Act” or the “APEX Act”.
Aluminum Pricing Examination Act
A BILL
To extend the jurisdiction of the Commodity Futures Trading Commission to include the setting of reference prices for aluminum premiums, and for other purposes.
Sec. 2 Jurisdiction of the Commodity Futures Trading Commission over the setting of reference prices for aluminum premiums
Section 2(a)(1) of the Commodity Exchange Act (7 U.S.C. 2(a)(1)) is amended by adding at the end the following:
“(E)
“(i) The Commission shall have exclusive jurisdiction over the setting of reference prices for aluminum premiums.
“(ii)
“(I) The Commission shall consult with the Attorney General on any relevant information, allegations of anticompetitive conduct, or marketplace analysis in the setting or reporting of such a reference price.
“(II) The Commission shall afford the Attorney General an opportunity to review any regulation or guideline proposed by the Commission in carrying out this subparagraph to ensure that the regulation or guideline is consistent with the goals and purposes of the antitrust laws.
“(III) The Attorney General may cooperate with, and share relevant information with, the Commission, with respect to the setting of such a reference price, and shall review any such proposed regulation or guideline to ensure that the regulation or guideline is in accordance with the goals and purposes of the antitrust laws.
“(IV) The Attorney General shall transmit to the Commission the views of the Attorney General on any such proposed regulation or guideline.”