Washington, DC – House Agriculture Committee’s Commodity Exchanges, Energy, and Credit Subcommittee Chair David Scott and Ranking Member Austin Scott, both of Georgia, issued the following statement Thursday after meeting with financial market regulators from the European Commission (EC) to discuss new amendments to the European Union’s European Market Infrastructure Regulations (EMIR 2.2) that co... Read more »
Washington, DC — Thursday, the Commodity Futures Trading Commission (CFTC) voted to approve a proposed rule on speculative position limits in futures and derivatives markets. Following the Commission's meeting, House Agriculture Committee Ranking Member K. Michael Conaway (TX-11) released this statement: “I appreciate the hard work that Chairman Tarbert, his fellow commissioners, and the Commissio... Read more »
Remarks as prepared for delivery: Chairman Scott, thank you for calling today’s hearing, allowing the subcommittee to continue its review of credit conditions in rural America. Last month, we had the opportunity to hear from the Farm Credit Administration to review the safety and soundness of the Farm Credit System. We heard that farm debt is forecast to climb to near all-time highs, reminiscent o... Read more »
Washington, D.C. – Today, the House Agriculture Committee’s Commodity Exchanges, Energy and Credit Subcommittee held a hearing to review credit conditions from the perspective of agricultural lenders. After the hearing, Subcommittee Ranking Member Austin Scott (GA-8) released the following remarks: “Today’s hearing was an important continuation of our committee’s work reviewing credit conditions i... Read more »
Remarks as prepared for delivery: Good morning. Thank you, Chairman Scott for holding today’s hearing. Our Committee has an obligation to proactively review the Farm Credit System to ensure its soundness. To help us do that today, we have brought representatives of the Farm Credit Administration, the independent agency tasked with regulating the Farm Credit Institutions, to ensure they fulfill the... Read more »
Washington, D.C. – Today, the House Agriculture Committee’s Commodity Exchanges, Energy and Credit Subcommittee held a hearing to receive an update on credit conditions from the Farm Credit Administration. After the hearing, Subcommittee Ranking Member Austin Scott (GA-8) and Committee Ranking Member K. Michael Conaway (TX-11) released the following remarks: “With net farm income struggling, it’s ... Read more »
Remarks as prepared for delivery: Mr. Chairman, thank you for scheduling this hearing. It is an important topic, and one that has been top of mind for our members for a long time. As the Ranking Member noted in his opening statement, broadband access is not about convenience, it’s about being able to participate in modern life and the economy, which is rapidly moving onto the Internet. For those w... Read more »
Remarks as prepared for delivery: Thank you, Chairman Scott, for holding this important hearing on a subject that resonates with all Americans: Rural Broadband. And thank you to our distinguished witnesses that are here today to discuss how affordable, reliable, and high-speed broadband can bring our communities into the 21st century. More than 24 million Americans who live in rural communities do... Read more »
Remarks as prepared for delivery: Mr. Chairman, I know that you remember the hearing that we conducted in 2012 on this same topic. It was a good and informative hearing and I expect that today’s hearing will build on that work. I was looking though the transcript of that hearing in the preparation for today, and I’d like to share some words of wisdom submitted by Chairman Steven Maijoor, who was t... Read more »
Remarks as prepared for delivery: Mr. Chairman, thank you for convening this hearing. You and I share a deep concern over the potential absence of international harmonization work between the CFTC and their global counterparts. The main focus of today’s hearing is on the impact of Brexit in US derivatives markets. But, we cannot talk about that without discussing the European Commission’s potentia... Read more »
