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Opening Statements

Opening Statement: Republican Leader Michelle Fischbach Commodity Exchanges, Energy, and Credit Subcommittee Hearing: “The Future of Digital Asset Regulation”

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Remarks as prepared for delivery: Thank you, Chairman Maloney. Congratulations on your appointment. I look forward to working with you. But more immediately, thank you for holding this important hearing. There is no better time than the present to discuss how and why we regulate financial markets and consider how to best balance the need to protect customers with desire to protect innovation. Acco...

Thompson Delivers Opening Statement at Hearing on Farm Bill Dairy Provisions

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Remarks as prepared for delivery: Thank you, Chairman Scott, for convening this important hearing to discuss Farm Bill dairy provisions. Agriculture is the number one industry in Pennsylvania and dairy is our most valuable commodity. Our dairy producers have a huge impact on the economy of our commonwealth, especially in the rural communities and townships I am honored to represent. I am a descend...

Opening Statement: Republican Leader Glenn "GT" Thompson Full Committee on Agriculture Hearing: “The Role of Climate Research in Supporting Agricultural Resiliency”

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Remarks as prepared for delivery: Good morning and thank you Chairman Scott. Whenever I discuss climate solutions, I have four guiding principles that I keep in mind. First and foremost, climate policies need to benefit producers by helping them increase production and profitability. Second, you cannot have a healthier environment without a healthier economy. And vice versa. Next, whatever we do s...

Opening Statement: Republican Leader Glenn "GT" Thompson Full Committee on Agriculture Hearing: “A 2022 Review of the Farm Bill: Stakeholder Perspectives on Non-SNAP USDA Nutrition Programs”

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Remarks as prepared for delivery: Thank you, Mr. Chairman, and good morning to our witnesses. Thank you for sharing your time and expertise. First, I want to remind the Committee we are—again—battling record levels of inflation. Consumer prices rose 8.6 percent in the 12 months ending in May, climbing at the quickest pace since the Carter Administration. This Administration and my colleagues must ...

Opening Statement: Republican Leader Austin Scott General Farm Commodities and Risk Management Subcommittee Hearing: “A 2022 Review of the Farm Bill: Economic Perspectives on Title I Commodities and Title XI Crop Insurance”

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Remarks as prepared for delivery: Thank you, Chair Bustos and thank you to the four esteemed economists that are joining us today to share their perspectives on the state of the agricultural economy and the performance of the farm safety net and risk management tools in the farm bill. We all know that those involved in production agriculture are accustomed to risk, but between weather, global even...

Opening Statement: Republican Leader Don Bacon Nutrition, Oversight, and Department Operations Subcommittee Hearing: “A 2022 Review of the Farm Bill: Stakeholder Perspectives on SNAP”

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Remarks as prepared for delivery: Thank you, Madam Chair. And thank you to our witnesses, for sharing your time and expertise with the subcommittee. I was a freshman throughout the drafting and finalizing of the 2018 Farm Bill; to say the process is daunting and the work tremendous is simply an understatement. Policy is tough, exacerbated here by the reach and role of SNAP—a program that is curren...

Thompson Delivers Opening Statement at Full Committee Business Meeting

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Remarks as prepared for delivery: Thank you, Mr. Chairman. Let me start by offering my appreciation to you, your staff, and our colleagues who engaged in negotiating today's markup. There were a number of bills dropped from today's meeting due to the need for further revisions, vetting, and technical assistance. I appreciate this decision. And while there are other pieces of legislation that were ...

Thompson Issues Opening Statement at Full Committee FTX Hearing

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Remarks as prepared for delivery: Thank you, Mr. Chairman. I want to acknowledge your efforts to work collaboratively with me on this hearing. I especially appreciate that today’s table is a bipartisan witness table. It will be a better hearing because of our work together. Thank you. In 1974, when the CFTC was first established, electronic trading was so novel that Congress directed the Commodity...

Republican Leader Thompson Issues Opening Statement at Full Committee Hearing on SNAP

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Remarks as prepared for delivery: Thank you, Mr. Chairman. Welcome Deputy Under Secretary Dean and Administrator Long. Administrator, I hear this is your first appearance at a Congressional hearing. Welcome to the historic Agriculture Committee hearing room. And I see Associate Administrator Shahin has accompanied you both. Ms. Shahin, please accept my heartfelt gratitude for your work at the Depa...

Thompson Delivers Opening Statement at Full Committee Hearing on Cattle Markets

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Remarks as prepared for delivery: Thank you, Mr. Chairman. I would like to say I am pleased we are having this hearing today, but frankly, I am very disappointed in the way this has come together. As I have said on numerous occasions, we need to focus on preparing for the next Farm Bill. While I acknowledge there has been modest progress on that front, we are inexplicably veering off course today....