Chairman Frank Lucas today released the following statement on Scott O'Malia's last day as Commissioner of the Commodity Futures Trading Commission (CFTC). Last month, O’Malia announced he would resign to pursue other opportunities.
Hearing to Review the State of the Rural Economy
March 5, 2013 - The House Agriculture Committee held a public hearing to review the state of the rural economy with the U.S. Department of Agriculture Secretary (USDA) Tom Vilsack. In light of the March 1 effective date for the sequester, the primary topic of discussion was how USDA planned to implement the across-the-board spending cuts and what impact they would have on the agriculture sector. Members of the Committee asked the Secretary about his recent remarks that the sequester would cause meat inspector furloughs. Chairman Lucas also questioned if USDA, in preparation for the impact on food production and inspections, had made any requests to the House Appropriations Committee for flexibility or additional funds as it develops a Continuing Resolution for the remainder of FY2013.