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 Statement:Senate Agriculture Committee votes on farm bill
November 15, 2001 -- "I am pleased the Senate Ag. Committee has taken further action today and hope that this action will move the process forward in producing a much needed farm bill this year. I am concerned, however, that the bill that passed the Committee appears to exceed the agreed upon budget allocation and thus cannot move forward as written. I am also concerned that the process in the Senate has digressed into partisanship, which is both an unproductive and unnecessary turn since the Bush Administration and Senate Republicans support passage of a farm bill this year that addresses the 2002 crop, that is consistent with the budget resolution, and that provides meaningful and needed countercyclical assistance to our Nation's agricultural producers. I am hopeful that the budget problem will be solved and the partisanship will be put aside to allow the Senate to move forward and pass a farm bill so we can proceed to conference and complete a bill this year. The economic vitality of all rural America depends on it."
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