Enron Corporation

Phil Gramm Inserts 262-Page CFMA into 11,000-Page Spending Bill Hours Before Christmas Recess

| Importance: 9/10

In the early evening of Friday, December 15, 2000, with Christmas recess only hours away and the presidential election still unresolved, the U.S. Senate rushes to pass an essential 11,000-page government reauthorization bill. Senator Phil Gramm of Texas inserts a complex 262-page amendment - the …

Phil Gramm U.S. Senate U.S. House of Representatives Bill Clinton Enron Corporation derivatives cfma legislative-corruption enron-loophole lame-duck +2 more
Read more →

CFTC Chair Wendy Gramm Exempts Enron from Derivatives Regulation, Joins Board Five Weeks Later

| Importance: 9/10

On her final day as Chair of the Commodity Futures Trading Commission, Wendy Gramm approves a regulatory exemption allowing Enron to trade energy derivatives without CFTC oversight. The exemption, granted on January 14, 1993 (some sources cite January 21, the final day of the George H.W. Bush …

Wendy Gramm Phil Gramm Enron Corporation CFTC Commodity Futures Trading Commission Kenneth Lay derivatives corruption revolving-door enron energy-trading +3 more
Read more →