Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Opening Statement of Chairman Frank D. Lucas to consider H.R. 4413

Wed, 09 Apr 2014 09:36:09 CDT

Opening Statement of Chairman Frank D. Lucas to consider H.R. 4413 Opening Statement of Chairman Frank D. Lucas

Committee on Agriculture - Business Meeting

To consider H.R. 4413, the Customer Protection and End-User Relief Act


April 9, 2014

As prepared for delivery

Good morning.

Thank you all for being here today to consider H.R. 4413, the Customer Protection and End-User Relief Act. This is a bipartisan bill that I introduced, along with my colleagues on the committee, to reauthorize the Commodity Futures Trading Commission.

The multi-year process of reauthorizing the CFTC gave the committee an opportunity to review the agency's operations, examine the pressing issues facing the futures and derivatives markets, evaluate how regulations are impacting end-users and the agricultural community, and determine how best to protect customer funds while helping to restore confidence in our markets.

This process also allowed the committee to take stock of past events, such as the passage of the Dodd-Frank Act of 2010, the ensuing rulemaking process, and the failures of MF Global and PFG Best.

It is impossible to consider reauthorizing the CFTC and the future of the CFTC without recognizing the impact of these events on the agency and its response to them.

H.R. 4413 addresses some of the concerns we have heard over the past couple of years from a variety of stakeholders, especially our agricultural producers and end-users. Our efforts will increase certainty in the marketplace, improve customer protections, and provide a more balanced approach to regulations impacting job creators.

I appreciate the work of my colleagues who helped in this process. I ask you join me in supporting this legislation.


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • District Court Affirms State Beef Councils Are a Legal Part of the Beef Checkoff- Dismisses Litigation Brought by R-Calf USA  Fri, 27 Mar 2020 22:44:36 CDT
  • Friday, March 27, 2020 Market Wrap-Up with Justin Lewis  Fri, 27 Mar 2020 15:18:59 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, March 27, 2020  Fri, 27 Mar 2020 15:15:49 CDT
  • Agriculture Retailers Association Commends Congress on CARES Act Passage  Fri, 27 Mar 2020 13:57:47 CDT
  • Lucas Applauds House Passage of Support For America’s Families, Workers, and Businesses  Fri, 27 Mar 2020 13:54:47 CDT
  • State Department Clears the Way for Agriculture Workforce   Fri, 27 Mar 2020 11:18:24 CDT
  • USDA Rural Development Launches COVID-19 Resource Webpage  Fri, 27 Mar 2020 11:16:46 CDT
  • Farm Bureau Continues Tradition of Giving Back to Hungry Americans  Fri, 27 Mar 2020 11:12:25 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.