Remarks as prepared for delivery: Thank you, Mr. Chairman. As many on this Committee know, reauthorizing the CFTC has been a longstanding goal of mine. The bill before us is a bipartisan bill, and I’m happy that we’re able to include important priorities for many of the members who ring this dais. I’d like to highlight two. Perhaps no issue is more central to the Commission’s ability to regulate t... Read more »
Washington, D.C. – Today, the House Agriculture Committee approved H.R. 4895, a bill to reauthorize the Commodity Futures Trading Commission (CFTC). Ranking Member K. Michael Conaway (TX-11) and Commodity Exchanges, Energy, and Credit Subcommittee Ranking Member Austin Scott (GA-8) released the following remarks upon passage: “This reauthorization provides the CFTC with the tools it needs to succe... Read more »
Washington, D.C. – Today the Commodity Futures Trading Commission (CFTC) held an open meeting in which it proposed two rules related to crossborder clearinghouse regulation. After the meeting, House Agriculture Committee Ranking Member K. Michael Conaway (TX-11) made the following remarks: “Today the commission proposed two amendments to their rules to better facilitate cross-border deference amon... Read more »
Remarks as prepared for delivery: Mr. Chairman, I know that you remember the hearing that we conducted in 2012 on this same topic. It was a good and informative hearing and I expect that today’s hearing will build on that work. I was looking though the transcript of that hearing in the preparation for today, and I’d like to share some words of wisdom submitted by Chairman Steven Maijoor, who was t... Read more »
Remarks as prepared for delivery: Mr. Chairman, thank you for convening this hearing. You and I share a deep concern over the potential absence of international harmonization work between the CFTC and their global counterparts. The main focus of today’s hearing is on the impact of Brexit in US derivatives markets. But, we cannot talk about that without discussing the European Commission’s potentia... Read more »
Washington, D.C. – Today, the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit held a hearing on how Brexit and other international developments affect U.S. derivatives markets. After the hearing, Subcommittee Ranking Member Austin Scott (GA-8) and Committee Ranking Member K. Michael Conaway (TX-11) made the following remarks: “Today’s hearing underscored the importance of ... Read more »
Remarks as prepared for delivery: Thank you, Mr. Chairman. I appreciate your indulgence to say a few words about the distinguished chairman of the CFTC. Chris, thank you. Thank you for your service; Thank you for your diligence, thoughtfulness and candor; Thank you for your relentless curiosity; And, most of all, thank you for your bottomless reservoir of optimism. Everyone up on this dais knows h... Read more »
Remarks as prepared for delivery: First off, I would like to congratulate my friend and fellow Georgian, David Scott, on chairing this subcommittee and I look forward to the bipartisan work we will do this Congress. Next, I would like to welcome the new members to this subcommittee and of course Chairman Giancarlo. Good morning, Chairman Giancarlo. It’s good to have you back here one last time bef... Read more »
Washington, D.C. – Today, the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit held a hearing on the state of the Commodity Futures Trading Commission (CFTC). After the hearing, Subcommittee Ranking Member Austin Scott (GA-8) and committee Ranking Member K. Michael Conaway (TX-11) made the following remarks: “I want to thank Chairman Giancarlo for his testimony today and hi... Read more »
Washington, D.C. - House Agriculture Committee Chairman K. Michael Conaway issued the following statement upon Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad’s announcement of resignation. “I want to thank Tim Massad for his work at the helm of the CFTC. During his confirmation process, he committed to listening to the needs of farmers and other traditional hedgers, and I am h... Read more »
