Remarks as prepared: Good Morning, and welcome to the Committee’s hearing on Regulation Automated Trading. Over the past three decades, our financial markets have been quietly revolutionized by computers. Sometimes called the “electronification” of markets, computer networks have slowly replaced the traditional trading pits. Electronic markets allow computers to seamlessly input orders, giving ris... Read more »
Remarks as prepared for delivery: Good morning, and welcome to today’s hearing. This week we celebrated America’s 240th birthday. As we reflect on the freedoms we enjoy at home, it’s important that we understand the role our military leaders—along with our farmers and ranchers—play in ensuring that we are safe and well fed. Two of the pillars of our country’s national security have long been a str... Read more »
Remarks as prepared for delivery: I want to welcome our witnesses to today’s hearing and thank them for taking the time to share their insight on how we can enhance program integrity within the Supplemental Nutrition Assistance Program. This hearing, builds upon the committee’s top-to-bottom review of SNAP and I hope it will provide a greater understanding of efforts being made to ensure SNAP is r... Read more »
Remarks as prepared: Thank you all for being here for this hearing exploring Big Data and Agriculture: Innovation in the Air. This is our second hearing in a series to educate Members about the different facets of this new frontier in agriculture. Production agriculture from one hundred years ago is markedly different than it is today. While our farmers are still producing many of the same crops, ... Read more »
Remarks as prepared for delivery: I want to welcome our witnesses to today’s hearing and thank them for taking the time to share their impressive collaborative experience working to improve the diets and health among families across the country through nutrition education. This hearing, like those before, builds upon the committee’s top-to-bottom review of the Supplemental Nutrition Assistance Pro... Read more »
Remarks as prepared: Good morning. Thank you for joining the Commodity Exchanges, Energy, and Credit Subcommittee for our last installment of our three-part hearing series examining the implementation of the derivatives market reforms envisioned by world leaders following the 2008 global financial crisis. Today, we will wrap up the series with a focus on clearing and trade execution requirements. ... Read more »
Remarks as prepared: Since I became chairman of the House Agriculture Committee at the beginning of last year, we’ve held more than 70 hearings and have invited a broad range of experts, including people in the field, to share their knowledge on everything from the futures markets to farmers markets. The committee doesn’t agree all the time on every issue, but one of the reasons we’re able to work... Read more »
Remarks as prepared: Good morning. This is the final hearing in our farm economy series. Each of the other five subcommittees has examined the growing pressure in rural America from the perspective of their jurisdictions. Farmers are currently facing a steep drop in commodity prices, resulting in the largest 3-year decline in net farm income since the Great Depression. Razor tight margins are like... Read more »
Remarks as prepared: Good morning. Last November, the Agriculture Committee began examining the links between agriculture and our national security. The first hearing highlighted global security challenges and underscored the connection between food security and political stability. As former President George W. Bush said, “A nation that can feed its people is a nation more secure.” We followed th... Read more »
Remarks as prepared: Good morning. Each subcommittee has been tasked with highlighting issues within their respective jurisdictions that impact the economic well-being of rural America. Throughout this series of hearings on the farm economy, one of the consistent themes has been that government rules and regulations are overly burdensome and negatively impact the bottom line and long-term success ... Read more »
