Rep. Frank Lucas, Chairman of the House Agriculture Committee, today issued a statement in response to the Commodity Futures Trading Commission's (CFTC) surprise "advisory notice" to further regulate cross-border swaps.
Agriculture Committee Chairman Collin Peterson Statement on the Ways and Means Committee Offset to Increase Nutrition Programs in the 2007 Farm Bill
“At every turn, the Bush Administration and Republican Leadership have done their best to stall progress on the 2007 Farm Bill.
Mischaracterizing the offset that will expand nutrition benefits for working families is just the latest attempt to derail this Farm Bill, despite broad support for the bill from farm, conservation, nutrition, energy, specialty crop and renewable energy groups.
Apparently, the Bush Administration and some in the Republican leadership care more about defending the ability of foreign companies to exploit a loophole in the U.S. tax system than they do about supporting the hardworking families and farmers in this country. I hope that they will reconsider their opposition and join us in supporting this Farm Bill that represents a new direction for agriculture policy.”