The House Agriculture Committee began a series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission (CFTC). The agency's statutory authorization expires at the end of the fiscal year.
House Ag Committee Advances Farm Bill
Tamara Hinton, 202.225.0184
WASHINGTON – Chairman Frank Lucas of Oklahoma and Ranking Member Collin Peterson of Minnesota issued the following statements after the House Agriculture Committee approved H.R. 6083, the Federal Agriculture Reform and Risk Management Act of 2012, by a vote of 35-11.
"Today marked an important step forward in the development of the next farm bill. I appreciate the efforts of my colleagues and the bipartisan nature in which this legislation was written and approved. This is a balanced, reform-minded, fiscally responsible bill that underscores our commitment to production agriculture and rural America, achieves real savings, and improves program efficiency, said Chairman Frank Lucas.
"I'm pleased today's markup is behind us and we can continue to move the process forward. The current farm bill expires on September 30 and there are only 13 legislative days before the August recess. Simply put, the House leadership needs to bring the farm bill to the floor for a vote. We should not jeopardize the health of our rural economies which, by and large, have remained strong the last few years. Our nation's farmers and ranchers need the certainty of a new, five-year farm bill and they need it before the current farm bill ends," said Ranking Member Collin Peterson.
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