Political Quotes

“Madam Speaker, I yield myself such time as I may consume. Madam Speaker, I rise to voice my support for this bill. First and foremost, I would like to thank my committee's ranking member, Mr. Peterson, and his staff for their diligent work on this bill on behalf of end-users and small business lenders. We have a longstanding tradition of bipartisanship at the Agriculture Committee, and their work was invaluable. I'd like to thank Representative Hartzler for her leadership on H.R. 3336 on behalf of the small business institutions and the businesses they serve. I would like to acknowledge and thank Representative Hultgren and Representative Boren, whose legislation, H.R. 3527, will not be considered today. As a result of their leadership and Mr. Peterson's support, many of the critical issues for end-users addressed in H.R. 3527 were resolved by the CFTC in its final ``definitions rule.'' I think we can reasonably feel assured that agricultural cooperatives and other end-users out in the countryside won't be unnecessarily deemed ``swap dealers'' and regulated like the largest financial institutions. As I said from the outset, if the CFTC on its own resolves concerns we have raised for months in our committee room, we would not proceed with legislation. And that's what we've done with H.R. 3527. However, concerns with the implementation of title VII remain, and so we are here today to proceed with H.R. 3336.…”