I would like to recognize the critical role that brewers and beer importers play in our Nation's economy. American beverage companies and brewers employ more than 2.2 million people nationwide, providing more than $103 billion in wages and benefits. In my home State of Colorado, breweries have become a significant component of my State's culture and economy. But in order to compete, American beverage companies and brewers need a fair and transparent pricing system for aluminum. That is why I along with my friend, Mr. Lawson from Florida, are introducing legislation this week giving the U.S. Commodity Futures Trading Commission oversight authority of the aluminum market. These unfair market practices have not only cost the beverage and brewing industries hundreds of millions of dollars, they have also had harmful effects on consumers. With the help of the CFTC, I hope we can resolve these pricing irregularities that have been plaguing the market so our Nation's beverage companies and brewers can continue to produce some of America's most popular beverages. ____________________
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