Buck, Lawson Re-introduce Bipartisan Bill to Ensure Fair Aluminum Pricing for Brewers
April 21, 2021
WASHINGTON — This week, Congressman Ken Buck (R-Colo.) and Congressman Al Lawson (D-Fla.) re-introduced a bipartisan solution to ensure a free and fair market for the pricing of aluminum in the United States.
The Aluminum Pricing Examination Act (H.R. 2698) grants the Commodities Futures Trading Commission (CFTC) the statutory authority to conduct oversight of the aluminum market and to investigate price setting, benchmarking, and reporting entities. This bill also enables the Department of Justice to consult with the CFTC to ensure all regulatory and oversight actions align with antitrust statutes.
Congressman Buck introduced this legislation in the 115th and 116th Congresses.
“Colorado’s Fourth District is home to more than 50 breweries that employ thousands of Coloradans. These breweries and other beverages companies are currently experiencing unfair market prices for aluminum prices,” Rep. Buck said. “The APEX Act will ensure brewers and beverage companies across the United States have access to a fair and free market for aluminum purchases.”
“I have spoken to brewers across North Florida, and the APEX Act will provide a lifeline to so many,” Rep. Lawson said. “By bringing it under the CFTC’s jurisdiction, it will guarantee that any potential deceptive practices and bad actors within the aluminum market can be investigated. The legislation will also help to sustain jobs in the manufacturing industry and grow our local economy.”
H.R. 2698 is supported by the Beer Institute, American Beverage, National Marine Manufacturers, and the Flexible Packaging Association.