Rep. Frank Lucas, Chairman of the House Agriculture Committee, today issued a statement in response to the Commodity Futures Trading Commission's (CFTC) surprise "advisory notice" to further regulate cross-border swaps.
Lucas Reacts to CBO Report on Cap & Trade Bill
Tamara Hinton (202) 225-0184
WASHINGTON – Today, Ranking Member Frank Lucas issued the following statement on the release of a Congressional Budget Office (CBO) analysis of the estimated costs to households from cap-and-trade provisions in the Waxman-Markey bill (H.R. 2454).
"The CBO studied one year of one part of one title of a four title bill that is written to last forever. This study is a snapshot that does not examine the full impact this entire bill will have on American families, farmers, and small businesses. This study just points out how much we still need to learn about the consequences of passing this legislation,” said Ranking Member Frank Lucas.