H.R. 2698, the Aluminum Pricing Examination Act (APEX Act), seeking to extend the jurisdiction of the Commodity Futures Trading Commission to include oversight of markets which set reference prices for aluminum premiums, has been referred to the Subcommittee on Commodity Exchanges, Energy, and Credit from the full Committee on Agriculture. According to the provisions of the bill, the Commission would be given jurisdiction over the markets, including the process, oversight, transparency, and the manner in which reference prices for aluminum premiums are set or reported, and whether the mechanism for setting such reference prices is fair and transparent. Additionally, the Commission would be empowered to consult with the Attorney General on matters of anti-competitive behavior. Identical legislation has been introduced in the Senate.
Pete Johnson serves as the State & Regulatory Affairs Manager for the Brewers Association. He joined the BA at its inception in 2005, having previously worked as Programs Director for the Brewers Association of America. Before coming to the small brewing industry in 2001, Pete worked for 14 years with both state and federal elected officials in Pennsylvania and Washington, D.C.See Pete Johnson's Articles