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Next week
@HouseAgNews will be holding a business meeting to consider organizational matters for the 113th Congress http://agriculture.house.gov/markup/consider-organizational-matters-committee-agriculture-113th-congress … -
Lucas: I will continue to work with my colleagues in the House of Reps in this effort and protect hard-working American taxpayers
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Lucas on HR8: This legislation is only one step in the process of solving Washington’s spending problem.
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Lucas Votes to Permanently Extend Tax Relief to Families, Farmers & Job Creators http://tinyurl.com/agbqrva
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Proud to join Chairman
@FrankDLucas & my colleagues on the@HouseAgNews. RT & share the good news! http://tinyurl.com/buwc7cr#ar01#argop -
Lucas: Subcmte Chairs have demonstrated a commitment to ensuring the success of
#American#agriculture and#rural economies. -
Foreign Regulators Caution: Cooperation Essential to Market Stability. Read Here: http://1.usa.gov/TRbyQY
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Again this is the first time US Congress has heard from International regulators with respect to the Dodd-Frank Act.
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Lucas speaking with Mr. Kono and Mr. Pearson on dodd-frank issues facing foreign regulators.
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Lucas: Reforming the OTC derivatives mrktplace is a global effort that demands serious & genuine coordination-not appearance of coordination
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Questioning of witnesses is now starting with Subcmte Chair
@ConawayTX11 -
The purpose of this Hrg is to gain a greater understanding of ways to achieve real coordination between U.S. and International regulators
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Panel 2 cont: Mr Patrick Pearson, Head of Unit, Market Infrastructure Unit, DG Internal Market and Services, European Commission
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Panel 2: Mr. Masamichi Kono, Vice Commissioner of Int'l Affairs, Financial Service Agency of Japan; Chairman, IOSCO
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Panel 1 also includes: Hon Jill Sommers, Commissioner, US CFTC
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FYI: In an effort to save time Panel 1 and Panel 2 have been combined. Panel 1 includes: Hon. Bart Chilton, Commissioner, US CFTC
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We can ill-afford to implement reform w/o a good faith attempt to cooperate with Int'l community so we do not neg impact global markets
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Conaway: It does not appear Chair Gensler is ready to accept that foreign efforts on reg reform will be equivalent to rules proposed by CFTC
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Subcmte Chair
@ConawayTX11 giving his opening statement now
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