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 Statement on the Passage of S. 3240
Tamara Hinton, 202.225.0184
WASHINGTON – Chairman Frank Lucas issued the following statement after the U.S. Senate passed S. 3240, the Agriculture Reform, Food, and Jobs Act.
"I commend Chairwoman Stabenow and Ranking Member Roberts on passage of S. 3240, the Agriculture Reform, Food, and Jobs Act. It was a challenge to move this legislation and their efforts have made it possible.
"Although there will be differences between the Senate approach and our own, I hope my colleagues are encouraged by this success when we meet on the 11th to consider our own legislation. The House Agriculture Committee will consider a balanced proposal that saves taxpayers billions of dollars, recognizes the diversity of American agriculture, respects the risks producers face, and preserves the tools necessary for food production."