On the recordJune 9, 2015
Mr. Speaker, I want to thank the chairman for his good and hard work on this important piece of legislation. As chairman of the Livestock and Foreign Agriculture Subcommittee in which the Mandatory Price Reporting Act originated, I too want to thank the stakeholders for their hard work in coming together on the provisions of this bill. Mandatory price reporting was developed in response to changing markets, with an increasing number of animals being sold with little information publicly accessible. As these structural changes continued, livestock producers requested that price reporting be made mandatory. Even today, livestock markets are continuing to evolve, and it was the goal and intent of the committee to bring all parties together to strike a balance that promotes fairness, transparency, and stability in the market. No one knows how to make this process work better than those directly involved, and I appreciate the willingness of these stakeholders to work together with the committee to craft this legislation. I also look forward to working with our Senate colleagues to continue the tradition of a healthy dialogue between both Chambers of Congress, producers, and packers on this reauthorization so that we can make sure that the requested modifications are executed as smoothly as possible. In closing, I would like to again thank Chairman Conaway, Ranking Member Collin Peterson, and the committee staff for their tremendous help and guidance. Mr.…





