Senate Democrats want position-limit ruling overturned

04/24/2013 | Hill, The

A group of 19 Senate Democrats has filed a brief with an appeals court seeking reversal of a 2012 U.S. District Court ruling that essentially struck down position limits on commodities. "Three years ago, Congress took action to clamp down on excessive speculation driving energy, metal and food prices by imposing mandatory trading limits on speculators," wrote Sen. Carl Levin, D-Mich., leader of the group. "Those measures have never taken effect due to industry legal challenges while roller coaster prices have continued to plague our economy."

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Hill, The

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