Today, Chairman K. Michael Conaway (R-TX) said in his opening statement he opposes any increase in funding for the Commodity Futures Trading Commission (CFTC) until it is reauthorized. The following statement was delivered at the House Agriculture Committee’s hearing Dodd-Frank Turns Five: Assessing the Progress of Global Derivatives Reforms. To view the full opening statement, click here.
Opening Statement: Chairman K. Michael Conaway Dodd-Frank Turns Five: Assessing the Progress of Global Derivatives Reforms
Today, Rep. K. Michael Conaway (R-TX), Chairman of the House Agriculture Committee, issued the following statement regarding legislation introduced by Senator Hoeven (R-ND) and Senator Stabenow (D-MI) that ties repeal of country of origin labeling (COOL) to both the elimination of existing market driven programs and the establishment of a so-called voluntary country of origin (COOL) labeling program for beef, pork, and chicken. This new voluntary program would operate under similar rules as the program found to violate U.S. international trade rules.