Rep. Frank Lucas, Chairman of the House Agriculture Committee, and Rep. Doug LaMalfa today issued statements after the Commodity Futures Trading Commission (CFTC) voted, 4-0, to exempt producers, utility companies, and other non-financial entities from being required to register as swap dealers when they enter into energy contracts with government-owned utilities.
Goodlatte to Lead Delegation to Gulf Coast
WASHINGTON, D.C. – House Committee on Agriculture Chairman Bob Goodlatte will lead a Congressional delegation of Committee Members to the Gulf Coast this weekend to view the damage and recovery efforts from Hurricanes Katrina and Rita.
Preliminary estimates by the U.S. Department of Agriculture (USDA) attribute $882 million in total crop, livestock and aquaculture losses to Hurricane Katrina. The delegation plans to visit the port facilities, view crop and livestock loss, and examine food distribution at food banks.