Political Quotes

“House Resolution 629 provides for a structured rule for consideration of H.R. 4413. This rule makes in order eight amendments which provide the opportunity for Members of the minority and the majority to participate in this debate. The legislation before us today reauthorizes the Commodity Futures Trading Commission, known as the CFTC, through fiscal year 2018, and makes important reforms to promote market stability and to protect end users from unnecessary regulations. Most of all, Mr. Speaker, we are here because we want to learn from the past, be prepared for the future, and to allow this organization to adapt as it needs to to produce better decisions and better outcomes in the future, and that is why Republicans are here today. This bipartisan bill out of the Agriculture Committee does exactly that. Over the past 20 years, financial services companies have started to employ financial derivatives--historically used by farmers, ranchers, and utility co-ops to manage risk--as new types of investment vehicles. They are a part of the day-to-day life of millions of people across this country that help us to not only get better prices, but to be able to hedge against the uncertainty. Today, the derivatives marketplace represents trillions of dollars' worth of futures contracts, swaps, and other similar financial instruments.…”