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Conaway and Peterson ask Fed Chair to work with European Commission on Un-cleared Margin

| Posted in Press Releases

Washington, D.C. - Today, House Agriculture Committee Chairman K. Michael Conaway (R-TX) and Ranking Member Collin Peterson (D-MN) sent a letter to six federal financial regulators expressing their concerns with the European Commission’s recent decision to delay implementation of their rules on margin for un-cleared swaps. The Agriculture leaders asked U.S. regulators to work with their European c...

House Agriculture Committee Examines CFTC’s Reg AT

| Posted in Press Releases

Washington, D.C. - Today, the House Agriculture Committee held a hearing to examine the Commodity Futures Trading Commission’s (CFTC) proposed rule, Regulation Automated Trading (Reg AT). Members heard from witnesses with expertise in automated trading and risk management. “Over the past three decades, computers have revolutionized the way we do business – including how trading is conducted in fin...

Opening Statement: Chairman K. Michael Conaway: Committee on Agriculture Hearing: Examining the CFTC’s Proposed Rule: Regulation Automated Trading

| Posted in Opening Statements

Remarks as prepared: Good Morning, and welcome to the Committee’s hearing on Regulation Automated Trading. Over the past three decades, our financial markets have been quietly revolutionized by computers. Sometimes called the “electronification” of markets, computer networks have slowly replaced the traditional trading pits. Electronic markets allow computers to seamlessly input orders, giving ris...

Chairman Conaway Statement on Senate’s Biotechnology Labeling Bill

| Posted in Press Releases

Washington, D.C. - Today, House Agriculture Committee Chairman K. Michael Conaway (R-TX) issued the following statement in response to the Senate’s recently passed legislation requiring products of biotechnology to be labeled. "After spending the past week and a half studying the legislation and meeting with agricultural producers, along with a variety of other stakeholders, I have come to the con...

Opening Statement: Chairman K. Michael Conaway Committee on Agriculture Hearing: Agriculture & National Security: On-the-Ground Experiences of Former Military Leaders

| Posted in Opening Statements

Remarks as prepared for delivery: Good morning, and welcome to today’s hearing. This week we celebrated America’s 240th birthday. As we reflect on the freedoms we enjoy at home, it’s important that we understand the role our military leaders—along with our farmers and ranchers—play in ensuring that we are safe and well fed. Two of the pillars of our country’s national security have long been a str...

Former Military Leaders Highlight the Importance of Agriculture and National Security

| Posted in Press Releases

Washington, D.C. - Today, the House Agriculture Committee held a hearing to examine the on-the-ground experiences of former military leaders and the connection between agricultural policy and national security. This is the fifth hearing in the committee’s hearing series focused on national security. Members heard from a panel of former military leaders who described how the United States' investme...

Chairman Conaway Statement on Passage of Global Food Security Act

| Posted in Press Releases

Washington, D.C. - Today, Agriculture Committee Chairman K. Michael Conaway (R-TX) issued the following statement after the House passed S.1252, the Global Food Security Act of 2016. “As I have mentioned before, the agricultural community is proud to have long played a crucial role in the effort to alleviate hunger and enhance food security across the globe. “I am pleased that the Global Food Secu...

House Agriculture Committee Examines Impact of Error Rates and Fraud on SNAP

| Posted in Press Releases
Tags: SNAP

Washington, D.C. - Today, the House Agriculture Committee held a hearing to discuss ways in which program integrity measures can be improved upon within the Supplemental Nutrition Assistance Program (SNAP). Members heard from a panel of witnesses who discussed what tools are used to report on quality control measures, the differences between error rates and fraud, what factors determine the report...

Opening Statement: Chairman K. Michael Conaway Committee on Agriculture Hearing: Past, Present, and Future of SNAP: Evaluating Error Rates and Anti-Fraud Measures to Enhance Program Integrity

| Posted in Opening Statements
Tags: SNAP

Remarks as prepared for delivery: I want to welcome our witnesses to today’s hearing and thank them for taking the time to share their insight on how we can enhance program integrity within the Supplemental Nutrition Assistance Program. This hearing, builds upon the committee’s top-to-bottom review of SNAP and I hope it will provide a greater understanding of efforts being made to ensure SNAP is r...

Committee releases CFTC literature review on position limits

| Posted in Press Releases

Washington, D.C. - Today, House Agriculture Committee Chairman K. Michael Conaway (R-TX) offered remarks on the floor of the House entering into the Congressional Record a literature review authored by the Commodity Futures Trading Commission's (CFTC) Office of the Chief Economist (OCE). The Committee obtained this literature review as part of a routine oversight request following up on a report i...