Rep. Austin Scott, Chairman of the House Agriculture Committee's Subcommittee on Horticulture, Research, Biotechnology and Foreign Agriculture, held a public hearing to review the impact of enforcement activities by the U.S. Department of Labor (DOL) on specialty crop growers. Specifically, Subcommittee Members addressed growing concerns that DOL is using the "Hot Goods" provision under the Fair Labor Standards Act of 1938 (FLSA) in an arbitrary manner against producers of perishable agricultural commodities without regard for the inevitable destruction of the product and significant economic hardship inflicted on farmers and their employees.
Lucas Calls for Information on MF Global Bankruptcy
December 7, 2011 - House Agriculture Committee Chairman Frank D. Lucas was interviewed by Bloomberg Television's Street Smart program on the MF Global Bankruptcy. Lucas emphasized the importance of restoring confidence in the futures markets after customer funds were reported missing.