Ag Committee Approves Bipartisan Legislation to Reauthorize and Improve the Commodity Futures Trading Commission
The House Agriculture Committee approved H.R. 4413, the Customer Protection and End-User Relief Act, by voice vote.
WASHINGTON - Today, the House Agriculture Subcommittee on Conservation, Credit, Energy and Research approved proposals for the Farm Bill titles under their jurisdiction.
The Subcommittee considered discussion drafts outlining each title and approved several amendments by voice vote. Copies of the discussion drafts and the amendments approved by the subcommittee are available online. A brief summary of the titles considered and amendments adopted is included below.
Conservation: The discussion draft considered by the Subcommittee extends important land reserve programs, simplifies and improves the Conservation Security Program and substantially increases funding for the Environmental Quality Incentives and Farmland Protection Programs. It also includes several provisions to encourage cooperation between USDA and producers or other entities to deliver conservation programs.
Research: The discussion draft considered by the Subcommittee reauthorizes many important research programs and establishes new initiatives for specialty crops and for bioenergy and bio-based products research. To maximize limited resources, it seeks to ensure greater integration in research efforts and establishes an Agricultural Research Institute to coordinate the programs and activities of the U.S. Department of Agriculture’s research agencies.
Energy: The discussion draft considered by the Subcommittee includes a Federal loan guarantee program for biorefineries and biofuel production plants. It also reauthorizes and improves several important existing bioenergy programs.
Credit: The discussion draft considered by the Subcommittee expands access to farm credit in order to further support renewable energy initiatives and creates a new loan guarantee program for producers to carry out conservation projects. It makes improvements to Farm Service Agency lending programs, updates the population limit for rural housing lending, and makes changes to stock requirements and insurance premium payments required for Farm Credit System institutions.
On Thursday, May 24, the Subcommittee on Livestock, Dairy and Poultry will hold a markup on Farm Bill issues under its jurisdiction.
All markups will be broadcast live on the House Agriculture Committee’s website.