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 »
Remarks as prepared: I want to welcome our witnesses to today’s hearing and thank them for taking the time to share their perspectives as retailers serving SNAP recipients. This hearing, like those before, builds upon the committee’s top-to-bottom review of the Supplemental Nutrition Assistance Program, or SNAP, so as the committee approaches reauthorization, we will be positioned to make meaningf... Read more »
Remarks as prepared: Good afternoon and welcome to today’s Nutrition Subcommittee hearing. Thank you to everyone for taking the time to be here and a special thanks to our witnesses for lending their expertise. Today’s hearing is the fourth in a series, held by each subcommittee, taking a look at the state of the farm economy. This subcommittee is focusing in particular on food prices and how ever... Read more »
Remarks as prepared: Good Morning. Thank you for joining the Commodity Exchanges, Energy, and Credit Subcommittee for today’s hearing, which is the second in a series to examine the implementation of Dodd-Frank over the past five years. In February, we held our first hearing to talk about swap data standards and transparency. During today’s hearing, we’ll talk about the unintended consequences of ... Read more »
Remarks as prepared: Good morning. Two weeks ago, the Agriculture Committee commenced a series of hearings focused on the farm economy. Each subcommittee has been tasked with highlighting issues within their respective jurisdictions that impact the economic well-being of rural America. In the Biotechnology, Horticulture, and Research Subcommittee, we have spent considerable time discussing program... Read more »
Remarks as prepared: Good morning, and welcome to today’s hearing. This is the second in a series of hearings that each subcommittee is holding on the state of the farm economy. As we know, the agricultural economy is highly cyclical. Given the recent 56 percent drop in net farm income and the hard times that inevitably come along with that, I believe it is important to hold hearings like the one ... Read more »
