Congressman Patrick McHenry, running for reelection in North Carolina’s 10th Congressional District, voted against the Commodity Market Transparency and Accountability Act (H.R. 6604), a bill to regulate excessive energy speculation that has been responsible for driving up the cost of oil. As of now, the Commodity Futures Trading Commission has no regulatory power over the futures market in regards to energy and has come to be widely known as the “Enron Loophole.”

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