Washington, D.C. - Today, Chairman K. Michael Conaway (R-TX) said in his opening statement he opposes any increase in funding for the Commodity Futures Trading Commission (CFTC) until it is reauthorized. The following statement was delivered at the House Agriculture Committee’s hearing Dodd-Frank Turns Five: Assessing the Progress of Global Derivatives Reforms. To view the full opening statement, ... Read more »
Remarks as prepared for delivery: Thank you all for joining us today and welcome to today’s full committee hearing Dodd-Frank Turns Five: Assessing the Progress of Global Derivatives Reforms. The 2008 financial crisis prompted global leaders to reevaluate the regulatory regime for derivatives. In Pittsburg and again in Cannes, global leaders set out five categories of reforms – clearing, margining... Read more »
Washington, D.C. - Today, the House Agriculture Committee held a hearing to assess the progress of global derivatives reforms since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law five years ago. Dodd-Frank imposed sweeping new regulations over the financial industry, including the regulation of swaps under Title VII, which had previously not been regulated in the... Read more »
Washington, D.C. - Today, the House Agriculture Committee held a public hearing to conduct general oversight of the U.S. Department of Agriculture. USDA Secretary Tom Vilsack testified, taking questions from committee members on various programs and projects the department manages and executes. Members referenced reports by USDA Inspector General Phyllis Fong (OIG) and the U.S. Government Accounta... Read more »
Remarks as prepared for delivery: I want to welcome the Secretary today and thank him for being here. He and his staff have worked hard to fulfill many of the Committee’s oversight requests this first seven months. We appreciate your cooperation and your staff working with my staff. It is Congress’ responsibility implicit in the U.S. Constitution and explicit in the House Rules to conduct oversigh... Read more »
Washington, D.C. - Today, the House passed H.R. 2289, the Commodity End-Users Relief Act, by a vote of 246-171. Introduced by House Agriculture Committee Chairman K. Michael Conaway (TX-11), Rep. Austin Scott (GA-8), and Rep. David Scott (GA-13), this bill reauthorizes the Commodity Futures Trading Commission (CFTC), which has operated without Congressional authorization for nearly two years. “I a... Read more »
Washington, D.C. - Tomorrow, the House will consider H.R. 2289, the Commodity End-User Relief Act. Introduced by House Agriculture Committee Chairman K. Michael Conaway (TX-11), Rep. Austin Scott (GA-8), and Rep. David Scott (GA-13), this bipartisan bill will reauthorize and improve the operations of the Commodity Futures Trading Commission (CFTC), as well as ensure robust markets, consumer protec... Read more »
Washington, D.C. - Today, the House Agriculture Committee approved H.R. 2289, the Commodity End-User Relief Act, by voice vote. Introduced by Chairman K. Michael Conaway (TX-11), Rep. Austin Scott (GA-8), and Rep. David Scott (GA-13), this bipartisan bill will reauthorize and improve the operations of the Commodity Futures Trading Commission (CFTC), as well as ensure robust markets, consumer prote... Read more »
Good morning. Thank you all for coming today and welcome. Today, the Committee is examining H.R. 2289, the Commodity End-User Relief Act. The bill before us represents the bipartisan work of dozens of members of this Committee over the past three years to address the challenges and uncertainties that end-users are facing in derivatives markets. I’d like to start by thanking the leadership of the C... Read more »
Washington, D.C. - Today, the House Agriculture Committee completed its series of four hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission (CFTC). Led by Rep. Austin Scott (R-GA), the Subcommittee on Commodity Exchanges, Energy, and Credit held a public hearing with Commissioner Sharon Bowen, Commissioner Christopher Giancarlo and Commissioner Mark We... Read more »
