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.
House Ag Chairman Combest Readies Farm Bill Conference
Chairman suggests immediate work to begin with sights on 2002 crop year
Feburary 13, 2002 – House Agriculture Committee Chairman Larry Combest (R-Texas) said today's passage of a Senate farm bill should signal immediate work to begin on reconciling House and Senate versions with sights on the 2002 crop year. Combest has directed that working meetings begin immediately without waiting for the formal announcement of Members to the House-Senate Conference. The U.S. Senate must formally report S. 1731 to the U.S. House of Representatives before Members of the House and Senate can be named to the Conference Committee for HR 2646 "The Farm Security Act."
"Producers across the country are justifiably anxious for a new farm bill, and the House Agriculture Committee will begin immediate work to have a final House-Senate bill for the 2002 crop year," said Combest. "Much work in preparation has been well underway in order to promptly move House and Senate toward a well-balanced, good farm bill."
The House passed the "Farm Security Act" (HR 2646) on October 5, 2001 by a two-to one margin, 291 to 120. The Senate's "Agriculture, Conservation, and Rural Enhancement Act" (S 1731) passed 58 to 40.
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