The House Agriculture Committee began a series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission (CFTC). The agency's statutory authorization expires at the end of the fiscal year.
Statement from House & Senate Agriculture Committee Leaders on Super Committee's Announcement
Tamara Hinton, 202.225.0184
WASHINGTON – Today Rep. Frank Lucas, Chairman of the House Agriculture Committee, and Sen. Debbie Stabenow, Chairwoman of the Senate Agriculture Committee, released the following statement in response to the announcement that the Joint Select Committee on Deficit Reduction has failed to reach an agreement.
"House and Senate Agriculture Committee leaders developed a bipartisan, bicameral proposal for the Joint Select Committee on Deficit Reduction that would save $23 billion. However, the Joint Select Committee’s failure to reach a deal on an overall deficit reduction package effectively ends this effort. We are pleased we were able to work in a bipartisan way with committee members and agriculture stakeholders to generate sound ideas to cut spending by tens of billions of dollars while maintaining key priorities to grow the country’s agriculture economy. We will continue the process of reauthorizing the farm bill in the coming months, and will do so with the same bipartisan spirit that has historically defined the work of our committees."