The House Agriculture Committee began a series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission (CFTC). The agency's statutory authorization expires at the end of the fiscal year.
In Case You Missed It: Lucas Calls for Information on MF Global Bankruptcy
Tamara Hinton, 202.225.0184
WASHINGTON – House Agriculture Committee Chairman Frank D. Lucas was interviewed for Bloomberg Television's Street Smart program on tomorrow's hearing on the MF Global Bankruptcy. Lucas emphasized the importance of restoring confidence in the futures markets after customer funds were reported missing. The hearing will give Members of the Agriculture Committee the opportunity to examine the facts surrounding MF Global's collapse, shed light on the current situation, and monitor the investigation into missing customer funds.
The full interview is available here.