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.
Lucas Praises House Passage of Disaster Assistance Legislation
Tamara Hinton, 202.225.0184
WASHINGTON – Chairman Frank Lucas of Oklahoma issued the following statement after the U.S. House of Representatives passed H.R. 6233, Agricultural Disaster Assistance Act of 2012, by a vote of 223-197.
"Given that vast areas of productive pastureland are burning up and our agricultural producers are in dire need, I'm pleased that the House approved this disaster assistance measure. It provides risk management tools to those ranchers who are currently exposed. This is not a long-term solution, but it takes care of the problem until we can get a five-year farm bill on the books and put those policies in place. I am committed to giving certainty to our farmers and I plan to work toward that goal when we return in September. In the meantime, I urge the Senate to quickly pass this measure so that we can get assistance to our producers now," said Chairman Frank Lucas.