Rep. Frank Lucas, Chairman of the House Agriculture Committee, today issued a statement in response to the Commodity Futures Trading Commission's (CFTC) surprise "advisory notice" to further regulate cross-border swaps.
H.R. 6233, Agricultural Disaster Assistance Act of 2012
The Agricultural Disaster Assistance Act of 2012, provides risk management tools to those producers currently exposed to drought conditions.
The U.S. House of Representatives passed H.R. 6233 on August 2, 2012 by a vote of 223-197, and referred the bill to the U.S. Senate.