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.
Lucas Criticizes Proposed Cuts to EQIP
Tamara Hinton (202) 225-0184
WASHINGTON – Today, Ranking Member Frank Lucas issued the following statement in response to the U.S. Senate Agriculture, Nutrition, and Forestry Committee advancing Chairman Blanche Lincoln's child nutrition bill.
"I am disappointed that the Senate Agriculture Committee passed the child nutrition measure at the expense of the Environmental Quality Incentives Program (EQIP). I would hope that those charged with representing American agriculture would understand the importance of EQIP and how our farmers and ranchers depend on it for survival. This vote undermines the commitment we all made to our producers in the 2008 farm bill.
"No one disputes the importance of child nutrition, but we cannot continue to use programs that benefit our agricultural producers as a funding source for other programs."