Washington, D.C. - Today, the House passed H.R. 2289, the Commodity End-Users Relief Act, by a vote of 246-171. Introduced by House Agriculture Committee Chairman K. Michael Conaway (TX-11), Rep. Austin Scott (GA-8), and Rep. David Scott (GA-13), this bill reauthorizes the Commodity Futures Trading Commission (CFTC), which has operated without Congressional authorization for nearly two years. “I a... Read more »
Washington, D.C. - Today, House Agriculture Committee Chairman K. Michael Conaway (R-TX) issued a statement after the House passed the following bills: H.R. 2051, the Mandatory Price Reporting Act, H.R. 2088, the United States Grain Standards Act Reauthorization Act, and H.R. 2394, the National Forest Foundation Reauthorization Act. All three bills passed by voice vote. “I am pleased to have the s... Read more »
Washington, D.C. - Tomorrow, the House will consider H.R. 2289, the Commodity End-User Relief Act. Introduced by House Agriculture Committee Chairman K. Michael Conaway (TX-11), Rep. Austin Scott (GA-8), and Rep. David Scott (GA-13), this bipartisan bill will reauthorize and improve the operations of the Commodity Futures Trading Commission (CFTC), as well as ensure robust markets, consumer protec... Read more »
Washington, D.C. - Today, Rep. Rick Crawford (R-AR), Chairman of the House Agriculture Committee’s General Farm Commodities and Risk Management Subcommittee, held a public hearing to review the financial health of farm country. With significantly lower commodity prices, net farm income has decreased substantially over the past two years. This impacts not only farmers and ranchers but also farm equ... Read more »
Remarks as prepared: This hearing on the financial health of farm country will come to order. During the Farm Bill debate, we heard a good bit about the relatively high prices farmers were receiving for their crops, and the suggestion was made by at least some folks that it was as good a time as any to discontinue the Farm Bill. Now that we are in year two of the Farm Bill, I thought it would be a... Read more »
Washington, D.C. - Today, the House Agriculture Committee approved H.R. 2289, the Commodity End-User Relief Act, by voice vote. Introduced by Chairman K. Michael Conaway (TX-11), Rep. Austin Scott (GA-8), and Rep. David Scott (GA-13), this bipartisan bill will reauthorize and improve the operations of the Commodity Futures Trading Commission (CFTC), as well as ensure robust markets, consumer prote... Read more »
Good morning. Thank you all for coming today and welcome. Today, the Committee is examining H.R. 2289, the Commodity End-User Relief Act. The bill before us represents the bipartisan work of dozens of members of this Committee over the past three years to address the challenges and uncertainties that end-users are facing in derivatives markets. I’d like to start by thanking the leadership of the C... Read more »
Washington, D.C. - Today, the House Agriculture Committee approved H.R. 2088, the United States Grain Standards Act Reauthorization Act of 2015, and H.R. 2051, the Mandatory Price Reporting Act of 2015. Each bill reauthorizes a law set to expire on September 30, 2015, and ensures that the laws continue to operate in a manner that serves the public interest. H.R. 2088, introduced by Chairman K. Mic... Read more »
Remarks as prepared: Our next order of business is to consider a bill to reauthorize the Livestock Mandatory Reporting Act of 1999. This bill, like the underlying act and each subsequent reauthorization has been the result of dialogue and consensus between livestock producers and meat packers. We fully understand that government mandates like price reporting can be onerous, and that not all indust... Read more »
Remarks as prepared: Our next order of business is to consider a bill to reauthorize the United States Grain Standards Act. As our grain standards program nears its 100th anniversary, we wish to recognize the importance this program has played in establishing value and price-discovery in the U.S. grain and oilseed marketplace. U.S. competitiveness in global markets, as well as stakeholders ranging... Read more »
