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Commodity Exchanges, Energy, and Credit (117th Congress)

Thompson, McHenry Statement on U.S. District Court Ruling in SEC v. Ripple

| Posted in Press Releases

Today, the Chairman of the House Agriculture Committee, Glenn “GT” Thompson (PA-15), and the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the U.S. District Court of the Southern District of New York’s ruling in SEC v. Ripple Labs Inc. et al. and the need for legislative clarity in the digital asset ecosystem to prevent furthe...

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

| Posted in Opening Statements

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...

Opening Statement: Republican Leader Michelle Fischbach Commodity Exchanges, Energy, and Credit Subcommittee Hearing: “A 2022 Review of the Farm Bill: Rural Development”

| Posted in Opening Statements

Remarks as prepared for delivery: Thank you, Mr. Chairman. And thank you, Under Secretary Torres Small for being here today. I would like to begin by remembering Jim Hagedorn. Jim was passionate about his work on the Ag Committee and serving the people of southern Minnesota. Our districts are very similar, so I was fortunate to work with him on issues critical to our constituents, like promoting e...

Opening Statement: Republican Leader Michelle Fischbach Commodity Exchanges, Energy, and Credit Subcommittee Hearing: “A Look at the Renewable Economy in Rural America”

| Posted in Opening Statements

Remarks as prepared for delivery: Thank you, Mr. Chairman, and good morning. I’m Michelle Fischbach from Minnesota’s 7th District, and the ranking member of the CEEC Subcommittee. Thank you all for taking the time to be here today. Like many of my colleagues here, I represent an extremely rural, ag-based district. We are among the top ag-producing districts in the nation and are responsible for ne...

Opening Statement: Republican Leader Michelle Fischbach Commodity Exchanges, Energy, and Credit Subcommittee Hearing: Examining Opportunities for Growth and Investment in Rural America

| Posted in Opening Statements

Remark as prepared for delivery: Thank you, Mr. Chairman, and hello to my colleagues and welcome to our witnesses. It is nice to be here for the first meeting of our Subcommittee this Congress. Like many of you, I represent an extremely rural district. We are among the top ag-producing districts in the nation and are responsible for nearly half of Minnesota’s agricultural sales. My district plays ...

ICYMI: Industry Leaders Share Support of Broadband for Rural America Act

| Posted in In Case You Missed It

Washington, DC—Recently, the House Agriculture Committee introduced the Broadband for Rural America Act, a blueprint for a better-connected America. The bill has garnered widespread support from Members of Congress as well as industry leaders. Zippy Duvall, President of American Farm Bureau Federation “We must continue to expand access to broadband in rural America until we have fully bridged the...

Better, Faster, Stronger: The Case for 25/3 Mbps

| Posted in Blog

Throughout my tenure in the U.S. House of Representatives, rural broadband has always been a critical need not only for my district, but nationwide in homes across rural America. The urgency has been amplified over the past year thanks to a generational pandemic which has negatively impacted our children’s physical, mental, and social wellbeing and complicated work-from-home situations as schools ...

Middle Mile Infrastructure Provides New Opportunities for Rural Broadband Deployment

| Posted in Blog

Rural broadband has become a popular issue in recent years, but to me, the lack of highspeed internet service is personal. I represent a rural district and live in a community where gaining access to quality, highspeed broadband is difficult. This makes everything from teleworking, e-learning, and streaming my kids’ favorite cartoons or Georgia Bulldogs football games challenging. I am hardly alon...

Opening Statement: Ranking Member Austin Scott Subcommittee on Commodity Exchanges, Energy, and Credit Public Hearing: “On-Farm Energy Production: Impacts on Farm Income and Rural Communities”

| Posted in Opening Statements

Remarks as prepared for delivery: Mr. Chairman, thank you for calling today’s hearing to review on-farm energy production. I believe this hearing is timely given the current discussions taking place on the future of U.S. energy policy and the future of U.S. agriculture. Recently, the majority staff of the Select Committee on the Climate Crisis released a report which details recommended congressio...

Chairman Scott, Ranking Member Scott Welcome Actions to Clarify EU Supervisory Oversight of U.S.-Based Clearing Houses

| Posted in Press Releases

Washington, D.C. – In response to the delegated acts published Thursday by the European Commission as part of the European Market Infrastructure Regulations (EMIR 2.2), which would clarify European Union (EU) regulations relating to U.S.-based central counterparty clearing houses (CCPs) operating in the EU, House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit Chair David Scott...