Rep. Austin Scott, Chairman of the House Agriculture Committee's Subcommittee on Horticulture, Research, Biotechnology and Foreign Agriculture, held a public hearing to review the impact of enforcement activities by the U.S. Department of Labor (DOL) on specialty crop growers. Specifically, Subcommittee Members addressed growing concerns that DOL is using the "Hot Goods" provision under the Fair Labor Standards Act of 1938 (FLSA) in an arbitrary manner against producers of perishable agricultural commodities without regard for the inevitable destruction of the product and significant economic hardship inflicted on farmers and their employees.
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.