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.
Goodlatte Comments on Tobacco Buyout
WASHINGTON, D.C. - House Agriculture Committee Chairman Bob Goodlatte (R-VA) today released the following statement regarding the chairman's mark on the FSC/ETI conference report:
"Last night, Ways and Means Committee Chairman Bill Thomas revealed a chairman's mark on the FSC/ETI conference report. The tobacco buyout legislation, introduced by Congressman Jenkins, was inserted into the FSC/ETI bill and was passed into conference in early September. The bill is expected to make it to the House floor before adjourning on Friday and includes buyout legislation that I believe my colleagues will be pleased with.
I, along with other members of the Agriculture Committee, have worked with Chairman Thomas and conferee members to ensure American tobacco farmers receive a fair settlement. This legislation is a step in the right direction in alleviating some of the burdens faced by domestic tobacco farmers. This is the result we've been working for. I commend Congressman Jenkins, and Congressman Richard Burr, along with other tobacco state lawmakers who have worked diligently toward this end."