House May Consider Ag Appropriations Bill This Week
The US House is expected to take up the fiscal year 2015 Ag appropriations bill and reauthorization of the Commodity Futures Trading Commission as early as this week. According to the Hagstrom Report, Eric Cantor called for house republicans to take up appropriation bills this month on Transportation, Housing and Urban Development, Agriculture and Defense. Cantor also said he expects to move the CFTC reauthorization bill to the House floor in June.
The last reauthorization of the CFTC was in 2008 and that was before the height of the financial crises. Since then, the CFTC has been granted broad new authorities that Cantor claimed "have negatively impacted end-users, such as our farmers, ranchers, manufacturers, small businesses, and utilities, by making it more difficult and costly to manage risks associated with their businesses.
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