42 U.S.C. § 17301 — Prohibition on market manipulation

submitted 19 years ago by Pub. L. 110-140 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 67 words · no verdicts yet

in plain englishAI-generated · not legal advice

No one may use a manipulative or deceptive trick, directly or indirectly, when buying or selling crude oil, gasoline, or petroleum distillates at the wholesale level. This applies to whatever rules the Federal Trade Commission decides are needed to protect the public.

It is against the law for anyone, directly or indirectly, to use a manipulative or deceptive device or trick when buying or selling crude oil, gasoline, or petroleum distillates at the wholesale level. This ban applies in whatever way the Federal Trade Commission's rules say is necessary or appropriate to protect the public interest or U.S. citizens.

the actual law source: uscode.house.gov ↗public domain

It is unlawful for any person, directly or indirectly, to use or employ, in connection with the purchase or sale of crude oil 1 gasoline or petroleum distillates at wholesale, any manipulative or deceptive device or contrivance, in contravention of such rules and regulations as the Federal Trade Commission may prescribe as necessary or appropriate in the public interest or for the protection of United States citizens.

Source credit: (Pub. L. 110–140, title VIII, § 811, Dec. 19, 2007, 121 Stat. 1723.)

history & why it existsrecord from the source credit

2007Enacted · Pub. L. 110-140 · 121 Stat. 1723

A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-140 on 2007-12-19.

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