Rep. Frank Lucas, Chairman of the House Agriculture Committee, and Rep. Doug LaMalfa today issued statements after the Commodity Futures Trading Commission (CFTC) voted, 4-0, to exempt producers, utility companies, and other non-financial entities from being required to register as swap dealers when they enter into energy contracts with government-owned utilities.
In Case You Missed It: Dodd-Frank Act Will Increase Costs for Farmers and Ranchers
Tamara Hinton (202) 225-0184
WASHINGTON – A report from CNBC explains the negative impact the Dodd-Frank Act will have on our farmers and ranchers on the day President Obama signed the bill into law. In the report, a rancher from Wyoming discusses how there could be fewer hedging opportunities, which will increase the cost of doing business.
To watch the complete video click here.