Ag Committee Approves Bipartisan Legislation to Reauthorize and Improve the Commodity Futures Trading Commission
The House Agriculture Committee approved H.R. 4413, the Customer Protection and End-User Relief Act, by voice vote.
Tamara Hinton, 202.225.0184
WASHINGTON – Chairman Frank Lucas of Oklahoma and Ranking Member Collin Peterson of Minnesota released a discussion draft of the Federal Agriculture Reform and Risk Management (FARRM) Act of 2013 today. FARRM is a bipartisan bill that cuts spending, reduces the size of government, and makes common-sense reforms to policy. It is the product of a multi-year process that included auditing for effectiveness and efficiency every single policy under the jurisdiction of the House Agriculture Committee.
"I'm pleased to release this bipartisan legislation with my friend and colleague Collin Peterson. It's a responsible and balanced bill that addresses Americans' concerns about federal spending and reforms farm and nutrition policy to improve efficiency and accountability. We will advance our bill in the Committee next week and then begin preparing for full House consideration this summer," said Chairman Frank D. Lucas.
“The discussion draft the Chairman and I released today sets us on a path to finally completing a five-year farm bill. It closely resembles the bipartisan bill passed by the Agriculture Committee last summer, including a common-sense commodity title that will work for all producers, much-needed reforms to dairy programs and continued support for the sugar program. The bill also builds on the investments the 2008 Farm Bill made to fruits and vegetables, farmers markets and local food systems. While I do believe that there are more responsible ways to reform nutrition programs, the bottom line is that this is the first step in the process and it is past time to pass a five-year farm bill,” said Ranking Member Collin Peterson.
The text of the bill can be found here. Highlights include: