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REP. VISCLOSKY VOTES TO CLAMP DOWN ON OIL SPECULATORS

Rep. Peter Visclosky, D-Ind. (1st CD), issued the following news release:

Congressman Pete Visclosky voted today for H.R. 6604, the Commodity Market Transparency and Accountability Act, to clamp down on speculators who artificially manipulate the price of oil in the commodities market. House Republicans blocked the bill?s passage, marking the third time they have halted legislation to help Americans struggling with gas prices in as many weeks.

?Thanks to the Bush-backed Enron loophole, energy speculators have been running rampant on the oil market, driving up the price per barrel and causing serious pain to hard-working families at the gas pump,? said Visclosky. ?By clamping down on ...

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