Today, the House Agriculture Committee held a hearing to assess the progress of global derivatives reforms since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law five years ago. Dodd-Frank imposed sweeping new regulations over the financial industry, including the regulation of swaps under Title VII, which had previously not been regulated in the U.S.
Lucas Responds to the Energy & Commerce Committee Passing Food Safety Measure
Tamara Hinton (202) 225-0184
WASHINGTON – Ranking Member Frank Lucas issued the following statement in response to the House Committee on Energy and Commerce passing the Food Safety Enhancement Act (H.R. 2749).
“I have been watching the food safety legislative process in that Committee and have been in close contact with representatives of the agriculture and food processing sectors. I remain concerned that the legislation, as drafted, imposes numerous burdens on producers and processors while doing virtually nothing to hold the FDA accountable for ensuring food safety. Of particular concern is the proposal to expand FDA's authority to dictate on-farm practices. I believe the Agriculture Committee has jurisdiction over many of the elements of this legislation and should have a voice in this process. I will work with Chairman Peterson to make sure this happens,” said Ranking Member Frank Lucas.