Frank Lucas

I worry that the Commission has missed the mark with much of its proposal.

The goal of increasing futures customer protections should be to strengthen the markets without harming the ability of American farmers.

We ask that you weigh the benefits of these regulations against both the costs to America's farmers and ranchers.

We certainly recognize that the failures of MF Global and Peregrine Financial Group inflicted terrible losses on futures customers.

I would like to inform the ranking member that I potentially have some additional speakers, but they've not made an appearance yet. Therefore, I reserve the balance of my time to close if they do not appear.

I have the honor and privilege to yield 1 minute to the majority floor leader of the United States House of Representatives, Mr. Cantor.

Reclaiming my time, I am aware of the leadership of Colorado in this area. I look forward to working with the gentleman from Colorado as we move forward with this legislation to ensure that Federal dollars are available to States that…

To engage in a colloquy with the gentleman from Colorado (Mr. Coffman), and I yield to the gentleman.

I rise for the purpose of a colloquy with the gentleman from Michigan (Mr. Rogers), and I yield to the gentleman.

I absolutely agree and I suggest that whatever we have to do to preserve the check-and-balance system that Congress envisioned when it created the five-member Commission is absolutely necessary.

[I]t is important for the Commission to finalize the swap dealer definition in a manner that is not overly broad, and that will not impose significant new regulations on entities that Congress did not intend to be regulated as swap dealers.

What can I say, my friends. We've covered a lot of ground, we discussed a lot of things, we pumped a lot of adrenaline, we focused on a lot of issues. I would simply say to you, today is towards a conclusion and because I'm so very fond of…

I rise for an inquiry of my colleague, the ranking member. Does the gentleman need sufficient time to close?

I'd note to my colleague, I have one additional 1-minute speaker, and then I'll reserve the rest of my time for myself. With that, Mr. Speaker, I yield 1 minute to the gentleman from Arkansas (Mr. Crawford), one of my subcommittee chairmen.

I would like to note to my colleague that I have no additional speakers and that I reserve the rest of my time to close.

Once again I turn to one of the outstanding subcommittee chairmen who has jurisdiction over Conservation, Energy, and Forestry, and yield 1 minute to the gentleman from Pennsylvania (Mr. Thompson).

I wish to yield 1 minute to the other Mr. Scott from Georgia, one of the chairmen of the primary subcommittee on the House Agriculture Committee, Mr. Austin Scott.

I would like to yield 2 minutes to the gentlelady from Wisconsin (Ms. Moore).

I claim time in opposition to the amendment. The Acting CHAIR. The gentleman from Oklahoma is recognized for 5 minutes.

I would like to yield the balance of my time to the ranking member of the House Ag Committee, the gentleman from Minnesota (Mr. Peterson).

Might I inquire how much time I have remaining. The Acting CHAIR. The gentleman has 1\1/4\ minutes remaining.

This is clearly a very important issue and the gentleman has made great headway on it. Thank you for those efforts. Of course I'm very supportive of what you're endeavoring to do.

I thank the subcommittee chairman and, once again, outstanding working being done. I would encourage all of our fellow Members of this great body to vote for your wonderful amendment.

I thank the gentleman for yielding. Clearly the gentleman is working diligently to do good things; and, therefore, I would be supportive of his amendment.

I thank the gentleman for yielding just to note that the ranking member and I have discussed your amendment, and we are supportive.