On the recordJune 9, 2015
I thank the gentlewoman for yielding me the time. As someone who has worked very hard to ensure that this CFTC reauthorization process is transparent for commodity purchasers, users, and the markets that facility these transactions, I was pleased to work with Mrs. Walorski on her amendment to bring further transparency and openness to the issue of aluminum warehousing. Her amendment would clarify that the bill's required report on the status of any application of metal exchange to register as a foreign board of trade should also include the status of consultations with all U.S. market participants, including major producers and consumers. I applaud her for offering this targeted amendment to improve the underlying legislation and help everyone in the aluminum market have the best information possible to strengthen aluminum supplies and bring the best cost for consumers, helping to create jobs and grow our economy. I support her amendment.
