Sponsors (13)
The bill strengthens FERC's enforcement authority to deter market manipulation and improve price integrity, but it raises compliance and legal risks for firms that could increase costs, chill legitimate reporting, and cause short-term market disruptions.
Consumers and taxpayers will see more reliable wholesale electricity and natural gas prices and fewer manipulation-driven price spikes because FERC gets stronger tools to police market behavior.
Utilities, energy trading firms, and grid operators will face stronger enforcement options (including being barred from buying/selling certain products), improving market integrity and protecting grid security from bad actors.
Utilities, energy companies, and financial firms will be deterred from submitting false information to private price-reporters because knowingly false reporting may become a criminal offense, which should improve price accuracy and market confidence.
Utilities, traders, and energy firms will face higher compliance costs and greater risk of being barred from markets, which could raise operating costs and reduce market participation and competition.
Utilities, price-reporters, and market data providers may be chilled or exposed to criminal liability when reporting to private price-reporters, discouraging legitimate information sharing and harming market transparency.
Consumers and market participants could face short-term disruptions, reduced trading liquidity, or temporary price spikes if enforcement removes major market participants from trading.
Based on analysis of 2 sections of legislative text.
Gives FERC authority to bar or suspend persons from electricity and natural gas markets and creates a criminal offense for knowingly false reporting to natural gas price‑reporters.
Official title: To amend the Federal Power Act and the Natural Gas Act with respect to the enforcement of certain provisions, and for other purposes.
Introduced April 21, 2026 by Janice D. Schakowsky · Last progress April 21, 2026
Gives FERC new enforcement tools to police electricity and natural gas markets and creates a new criminal offense for knowingly submitting false price data to gas price-reporting agencies. It lets FERC bar or suspend any “person” who violates covered prohibitions from buying, selling, or providing transmission services for electricity or natural gas, and expands covered commercial instruments to include electric energy products such as financial transmission rights.