HOUSE AG PANEL TO REVIEW CEA REFORM AND EXPIRING STATE MEDIATION PROGRAMS
News Date March 02, 2010
On March 3, the House Agriculture Subcommittee on General Farm Commodities and Risk Management is scheduled to review implementation of the Commodity Exchange Act changes made in the 2008 Farm Bill. Title XIII of the 2008 Farm Bill reauthorized the Commodity Futures Trading Commission (CFTC) through 2013, expanded CFTC’s authority and oversight abilities, as well as increased civil and criminal penalties for market manipulation. This will be the first time the subcommittee has met in 2010. For more information on the hearing, please visit the House Agriculture Committee’s website.
Later that day, the full House Agriculture Committee will assemble for a business meeting to address several issues, including reauthorization of state mediation programs. The Agricultural Credit Act of 2009 (HR 3509), legislation introduced last year by Chairman Collin Peterson (D-Minn.), would reauthorize funding for state agricultural mediation loan programs through 2015. Currently, the funding authorization for these critical programs is set to expire at the end of fiscal year 2010. Also on the panel’s agenda is the Florida National Forest Land Adjustment Act of 2009 (HR 3954) and a review of the Budget Views and Estimates Letter of the Committee on Agriculture for the agencies and programs under jurisdiction of the Committee for fiscal year 2011. (Contact: David Hickey)