Mike Conaway: “I would like to point out for the Record that the cost-benefit analysis rules in this bill are modeled after Executive…”

“I would like to point out for the Record that the cost-benefit analysis rules in this bill are modeled after Executive Order 13563, which President Obama signed into the executive order status, and they are forward-looking. Nothing in our bill would require what might be a much-needed re-look at the Dodd-Frank rules done in the past. The cost-benefit analysis would require any future rulemaking to comply. I yield 3 minutes to the gentleman from California (Mr. LaMalfa), another valuable member of the Agriculture Committee. Mr. LaMALFA. Mr. Chairman, I thank Chairman Conaway for his leadership and the opportunity to speak today. I rise today in strong support of H.R. 238, the Commodity End-User Relief Act. For the last 2 years, as a member of the Agriculture Committee, I have worked continuously to improve the operations of the Commodity Futures Trading Commission. Through a great deal of bipartisan hearings, members were able to hear from everyone at the table--the regulators, market participants, and end users alike. When discussing how to ensure robust markets, consumer protections, and relief for end users, H.R. 238 truly represents a true agreement. After all, the end users are our customers. They are the whole reason for this legislation and this entity to begin with.…”