Committee Statement

 

The Honorable Frank D. Lucas

Ranking Member, House Committee on Agriculture

 

RE: Agriculture Committee hearing to review derivatives legislation

 

February 4, 2009

Thank you Chairman Peterson.

These hearings will serve as a useful resource for this committee as we consider the draft legislation you have proposed.

It is important that we gather as much information as possible from those who will be impacted by our actions.

No one can argue with the concepts of transparency and accountability, but we must make sure that we create responsible legislation that calls for an appropriate level of regulation that respects the nature of the marketplace and considers the limits of government intervention.

I appreciate the time and effort the participants of our three panels have put into today’s hearing.
I look forward to your testimony and your answers to the questions posed by our committee members.

 

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