Opening Statement of Chairman Frank D. Lucas Committee on Agriculture Business Meeting to Consider Legislative Improvements to Title VII of the Dodd-Frank Act(As prepared for delivery)
Washington, DC,
March 20, 2013
MEDIA CONTACT: Thank you all for being here for this business meeting. Today, we are considering seven bills that are common-sense tweaks to Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The legislation before us ensures that Dodd-Frank is implemented as Congress intended and does not unnecessarily burden our job creators. They are intended to restore the balance that I believe can exist between sound regulation and a healthy economy. Right now, some of the proposed regulations could make using derivatives so expensive that businesses will be forced to stop using them to hedge against risk. That ultimately results in higher costs for consumers and diminished stability in the marketplace. We are renewing our efforts to get them on the books. This business meeting is a step in that process and I encourage your support for all of these bills. ### |