U.S. Representative Rick Larsen (WA-02) released the following statement today on House passage of the Commodity Markets Transparency & Accountability Act (HR 6604):

“It is unacceptable that while American families are being punched at the pump, excessive speculation by energy traders may be driving up prices by as much as $20 to $60 per barrel. 

“If we want energy speculators to play by the rules, we need to put referees on the field. This legislation will strengthen enforcement by the Commodity Futures Trading Commission, increase transparency in energy trading markets and end loopholes that shield oil and gas speculators from government oversight.

“Yesterday, the House passed a comprehensive energy plan to create American jobs, bring down prices for working families paying too much at the pump, and help make us energy independent.  Today’s legislation is another step to ensure that our energy policies put American families first.”