Remarks as prepared for delivery: Good Morning. Thank you for joining us today for this hearing of the Commodity Exchanges, Energy, and Credit Subcommittee as we continue the Agriculture Committee’s work toward CFTC reauthorization. Thus far, we’ve appreciated the opportunity to hear perspectives on reauthorization from end-users and market participants. Their testimony has been vital to helping u... Read more »
Washington, D.C. - Today, the House Agriculture Committee continued its series of hearings in advance of writing legislation to reauthorize the Commodity Futures Trading Commission (CFTC), which lapsed in September 2013. Members of the Subcommittee on Commodity Exchanges, Energy, and Credit Subcommittee, chaired by Rep. Austin Scott (R-GA), held a public hearing to examine the reauthorization of t... Read more »
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 »
Today, Chairman Frank Lucas of Oklahoma issued the following statement after the U.S. House of Representatives passed H.R. 4413, the Customer Protection and End-User Relief Act of 2014. Read more »
MEDIA CONTACT: Skylar Sowder, 202.225.4982 skylar.sowder@mail.house.gov Mr. Chairman, I rise today in strong support of H.R. 4413, the Customer Protection and End-User Relief Act. This is a bipartisan bill to reauthorize the Commodity Futures Trading Commission that I introduced, along with my colleagues Ranking Member Collin Peterson and Chairman and Ranking Member of the Subcommittee on General ... Read more »
