The S.O.S. Now coalition endorses the Dodd-Frank Wall Street Reform and Consumer Protection Act. This bill will prevent excessive speculation by imposing position limits, increasing transparency and closing known loopholes in the commodity futures markets. Specifically, the legislation would address excessive speculation by:

• Establishing tough regulatory oversight of commodity markets
• Increasing transparency by requiring exchange trading and clearing of most derivatives and other contracts while preserving the ability of bona fide physical hedgers to continue to hedge their own commercial risks as they do today
• Allowing regulators, through aggregate position limits, to stop big banks from manipulating markets
• Closing known loopholes including the London Loophole and the Enron Loophole

These provisions will help lower energy prices and limit volatility for American families and businesses. The U.S. House of Representatives already voted in favor of this legislation, meaning the Senate must approve the bill before the president can sign the bill into law. You can help make a difference on this important issue by telling your Senator to support this legislation.