Remarks as prepared for delivery: Good Afternoon. Thank you for joining us for our second meeting of the Commodity Exchanges, Energy, and Credit Subcommittee of the House Committee on Agriculture. Yesterday, we kicked off the work of this new subcommittee by hearing from several representatives from the community of derivatives end users on their thoughts regarding the CFTC reauthorization process... Read more »
Chairman Austin Scott has been an important voice of common sense on our Committee for the past four years and I am grateful that he has agreed to chair this subcommittee. With his previous experience in the financial services industry I know he will be an asset to this committee during reauthorization and during our oversight hearings in the coming year. I am equally pleased that David Scott is b... Read more »
Washington, D.C. - Today, Rep. Austin Scott (R-GA), Chairman of the House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit Subcommittee, held a public hearing to examine the reauthorization of the Commodity Futures Trading Commission (CFTC) and the challenges end-users face as they use these markets. Authorization for the CFTC lapsed in September 2013. During the 113... Read more »
Remarks as prepared for delivery: Good Afternoon. I’d like to welcome you to the inaugural hearing of the Commodity Exchanges, Energy and Credit subcommittee of the House Committee on Agriculture. I am honored that Chairman Conaway asked me to serve the Committee this Congress by chairing our newest subcommittee. When Mr. Conaway asked me to step into this role, he said that he wanted to ensure th... Read more »
Washington, D.C. - Today, the House Committee on Agriculture held a hearing to review the futures, options, and swaps markets that the Commodity Futures Trading Commission (CFTC) oversees. Chairman K. Michael Conaway urged CFTC Chairman Timothy Massad to make sure the agency’s rules both protect end-users and ensure well-functioning financial markets. Today’s hearing examined new regulations in th... Read more »
Chairman Massad, thank you for joining us today. Today’s hearing is the first of what I hope will be many productive engagements between you, your staff, your fellow commissioners, and the members of this committee. In 2015, the CFTC’s response to the financial crisis is entering a new phase—shifting from the breakneck race to draft rules to the more deliberative implementation of the rules. It is... Read more »
Washington, D.C. - Today, Rep. K. Michael Conaway, Chairman of the House Committee on Agriculture, held a hearing to review the state of the rural economy. The hearing comes just days after the one-year anniversary of the enactment of the 2014 Farm Bill. Implementation of the law was the main topic of discussion as members of the committee asked Secretary of Agriculture, Tom Vilsack, about progres... Read more »
“Thank you Mr. Secretary for appearing before the Committee today. You are a very busy man, so we appreciate you taking the time to be here with us today. You have long enjoyed a good working relationship with this Committee, including with our previous Chairman, Mr. Lucas, and I look forward to continuing that tradition going forward. Saturday marked the one-year anniversary of the signing of the... Read more »
