Joined by my colleague, Representative John Larson (CT-01), I have introduced legislation that would crack down on excessive speculation in the energy futures market. The “Consumer Price Protection Act” would limit participation in energy futures markets to those who either produce or take delivery of energy supplies. Corporations, such as the airline industry and utilities companies who seek to lock in the best price for energy supplies, would not be affected by this legislation.

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Congressman LoBiondo joined with U.S. Coast Guard Commandant Admiral Thad Allen and Master Chief Petty Officer of the Coast Guard Skip Bowen at Air Station Atlantic City for an all-hands meeting with local members of the Service. They also visited the Coast Guard Training Center in Cape May later in the day.

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