What: All Issues : Government Checks on Corporate Power : Utility Industry : S 517. National Energy Plan/Cloture Vote to Allow Public Scrutiny of the Energy Derivatives Market. (2002 senate Roll Call 61)
 Who: All Members
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S 517. National Energy Plan/Cloture Vote to Allow Public Scrutiny of the Energy Derivatives Market.
senate Roll Call 61     Apr 10, 2002
Progressive Position:
Yea
Progressive Result:
Loss

This was a vote to invoke cloture on the Feinstein (D-CA) amendment to the Democrats' national energy plan. Cloture effectively ends debate and brings a measure to a vote, so a vote for cloture is almost always a vote in favor of the underlying amendment or bill. Feinstein's amendment once again gave the Commodity Futures Trading Commission oversight of the energy derivatives market. Progressives and others had complained that a lack of oversight contributed to the energy supply problems in California and elsewhere. Cloture, however, requires 60 votes, and Feinstein was only able to get 48 supporters, with 50 voting against. Cloture failed, and Feinstein pulled the bill from consideration rather than allow debate to drag on indefinitely.

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