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 Statement on Farm Bill Vote in the House
Tamara Hinton, 202.225.0184
WASHINGTON – Today, Chairman Frank Lucas of Oklahoma issued the following statement after the U.S. House of Representatives failed to pass H.R. 1947, the Federal Agriculture Reform and Risk Management (FARRM) Act of 2013.
"On this day, on this vote, the House worked its will. I’m obviously disappointed, but the reforms in H.R. 1947- $40 billion in deficit reduction, elimination of direct payments and the first reforms to SNAP since 1996 - are so important that we must continue to pursue them. We are assessing all of our options, but I have no doubt that we will finish our work in the near future and provide the certainty that our farmers, ranchers, and rural constituents need," said Chairman Frank Lucas.
To view Chairman Lucas' floor speech before the final vote click here.