Chairman Frank Lucas issued the following statement welcoming the news that the U.S. Department of Agriculture (USDA) will move forward with implementing the Actual Production History (APH) adjustment for 2015 spring-planted crops. This crop insurance provision in the Agricultural Act of 2014 allows yield adjustments when losses are widespread and beyond the control of producers.
Chairman Lucas Giving Opening Statement at Derivatives Reform: The View From Main Street Hearing
July 21, 2011 - Chairman Lucas delivers opening remarks during the full Committee hearing to review the impact of derivatives reform on end users and smaller financial institutions. This hearing comes at a pivotal point in the implementation of Title VII of the Dodd-Frank Act as the Commodity Futures Trading Commission (CFTC) moves from proposing rules to finalizing regulations.