When I became Chairman of the House Agriculture Committee in January of this year, I had one primary goal: to ensure that America’s farmers and ranchers have the policies in place that they need to feed, fuel, and clothe the nation while ensuring stability and consistency for farmers, ranchers, consumers, markets, and rural communities. After all, agriculture is the foundation of our livelihood and the lifeblood of rural America. And, while our work will never be done, we are off to a great start.
Oversight of the Swaps and Futures Markets: Recent Events and Impending Regulatory Reforms
July 25, 2012 - The House Agriculture Committee held a public hearing to examine the collapse of Peregrine Financial Group, Inc., the LIBOR manipulation, and receive an update on MF Global and Dodd-Frank implementation. PFGBest filed for bankruptcy shortly after regulators froze their operations through emergency enforcement actions. More than $200 million in customer funds are missing.