Washington, D.C. - Today, Rep. Austin Scott (R-GA), Chairman of the House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit, held a hearing to evaluate the effectiveness of farm bill authorized credit programs administered by the Farm Service Agency (FSA). This hearing is a continuation of the committee’s hearing series to set the stage for the next farm bill. Members... Read more »
Remarks as prepared for delivery: Good afternoon, and welcome to today’s subcommittee hearing. Over the past several weeks, the Agriculture Committee has held a series of hearings in preparation for crafting the next farm bill. Through this, the Committee has examined the overall farm economy, reviewed the safety and soundness of the Farm Credit System, and heard from a broad constituency on nearl... Read more »
Washington, D.C. - Today, Rep. Rodney Davis (IL-13), Chairman of the House Agriculture Committee’s Subcommittee on Biotechnology, Horticulture, and Research, held a hearing to evaluate the effectiveness of the 2014 Farm Bill programs aimed at benefiting specialty crop production. Members heard from a panel of witnesses who highlighted the various programs available for specialty crops ranging from... Read more »
Washington, D.C. - Today, the House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit held a hearing to review the rural development and energy programs in the 2014 Farm Bill. Members of the committee heard from a broad panel of witnesses who utilize rural development and renewable energy loan and grant programs, and who support rural development initiatives. “One of ... Read more »
Remarks as prepared for delivery: Good morning everyone. Welcome to the Commodity Exchanges, Energy, and Credit subcommittee’s first hearing of the new Congress. Today’s hearing is part of an ongoing series where each subcommittee is holding at least two hearings to discuss the Farm Bill programs and issues under its respective jurisdiction. Before I begin, I’d like to thank Ranking Member Scott f... Read more »
Washington, D.C. - Today, the House passed H.R. 238, the Commodity End-User Relief Act, by a vote of 239-182. H.R. 238 is a bipartisan bill to reauthorize the Commodity Futures Trading Commission (CFTC), make important regulatory reforms, and most importantly to make important statutory changes to protect end-users and give them access to the tools they need to manage their risks. This bill largel... Read more »
Remarks as prepared: Good morning. Thank you for joining the Commodity Exchanges, Energy, and Credit Subcommittee for our last installment of our three-part hearing series examining the implementation of the derivatives market reforms envisioned by world leaders following the 2008 global financial crisis. Today, we will wrap up the series with a focus on clearing and trade execution requirements. ... Read more »
Washington, D.C. - Today, the House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit held a public hearing to review the impact of the Dodd-Frank Act on derivatives markets and participants. Members of the subcommittee examined the unintended consequences of some of the most important regulations following the financial crisis: the new capital standards and margin re... Read more »
Remarks as prepared: Good Morning. Thank you for joining the Commodity Exchanges, Energy, and Credit Subcommittee for today’s hearing, which is the second in a series to examine the implementation of Dodd-Frank over the past five years. In February, we held our first hearing to talk about swap data standards and transparency. During today’s hearing, we’ll talk about the unintended consequences of ... Read more »
Washington, D.C. - Today, Rep. Austin Scott (GA-8), Chairman of the House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit, held a hearing to examine tightening credit conditions in farm country. This is the second in a series of hearings entitled Focus on the Farm Economy, where each subcommittee will examine the growing pressure in rural America from the perspectiv... Read more »
