Chairman Frank Lucas issued the following statement after the four principals met today to discuss outstanding issues relating to the farm bill.
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.