Urging the President to direct the Commodity Futures Trading Commission to work with the United Kingdom Financial Services Authority to establish position limits on oil futures traded by traders on the Intercontinental Exchange that are similar to those established by the Commodity Futures Trading Commission for traders on the New York Mercantile Exchange.

Urges the Commodity Futures Trading Commission (CFTC) to require institutional investors to abide by position limits already established for the greater crude oil trading community.

Urges the President to direct the CFTC to work with the United Kingdom Financial Services Authority to establish position limits on oil futures traded by traders on the Intercontinental Exchange that are similar to those established by the CFTC for traders on the New York Mercantile Exchange.