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.
Senate Misses Deadline on H.R. 872 & Allows Excessive Regulation to Take Shape
Tamara Hinton, 202.225.0184
WASHINGTON – Chairman Frank Lucas issued the following statement regarding Senate Majority Leader Harry Reid's failure to take action on H.R. 872, the Reducing Regulatory Burdens Act before today's court-ordered deadline. The legislation would have ensured that businesses are not subject to a costly and duplicative pesticide permitting requirement. It passed the House with bipartisan support but stalled in the Senate. H.R. 872 is among the “forgotten 15” jobs bills that the House approved as part of House Republicans’ Plan for America’s Job Creators.
"There are no winners today. Because this is a duplicative permit, there will be no additional environmental gains. The farmers, ranchers, and business owners who will be burdened with additional costs and paperwork from this duplicative permit will have less time and money to invest in jobs.
"This is an example of the Senate at its worst. At a time when we could be focusing on job growth and making better use of taxpayer dollars, we are instead going to place an additional burden on agricultural producers, foresters, mosquito control districts, public health agencies, the federal government, state agencies, and regular citizens.
"We could have averted this situation had the Senate Majority acted earlier. The House passed the bill with bipartisan support in March. Senator Reid's failure to bring it to the Senate floor in the past six months is unacceptable. It's time to put the focus back on American jobs by passing legislation like H.R. 872."