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.
Goodlatte Comments on New Budget Estimates
WASHINGTON, D.C. – Chairman Bob Goodlatte released the following statement regarding the revised CBO estimates of the Administration’s budget:
“I am alarmed by the revised CBO estimates of the Administration’s budget released recently. These estimates call for cuts of $9.1 billion in programs under the jurisdiction of the Agriculture Committee over five years. This is unacceptable. The level of reduction, which is proportionally far higher than in any other budget area, would seriously impair the functionality of the Committee’s programs. I will work with my colleagues to insure that reductions of this magnitude do not stand.”