[Congressional Record Volume 161, Number 93 (Thursday, June 11, 2015)]
[Extensions of Remarks]
[Pages E878-E879]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     COMMODITY END-USER RELIEF ACT

                                 ______
                                 

                               speech of

                            HON. TED S. YOHO

                               of florida

                    in the house of representatives

                         Tuesday, June 9, 2015

       The House in Committee of the Whole House on the state of 
     the Union had under consideration the bill (H.R. 2289) to 
     reauthorize the Commodity Futures Trading Commission, to 
     better protect futures customers, to provide end-users with 
     market certainty, to make basic reforms to ensure 
     transparency and accountability at the Commission, to help 
     farmers, ranchers, and end-users manage risks, to help keep 
     consumer costs low, and for other purposes:

  Mr. YOHO. Mr. Chair, I rise in full support of H.R. 2289--The 
Commodity End-User Relief Act--and thank Chairman Conaway for his 
leadership on this issue. Mr. Chair, H.R. 2289 brings needed regulatory 
relief to farmers, ranchers, and individuals across rural America.
  In my district, agriculture is the single largest sector of the 
economy and in the state is second only to tourism. Many folks in rural 
parts of my state are exposed to the unique risks associated with 
volatile agricultural markets. Because of this farmers and ranchers 
need financial tools that allow them to mitigate these risks. This bill 
will bring that certainty.
  Additionally, municipal utility services and co-operative energy 
suppliers meet nearly all

[[Page E879]]

of my district's electricity needs. These groups rely heavily on risk 
mitigation provided by this bill. If the federal government overly 
regulates the use of risk mitigation, industries and constituents 
within my district will see hikes in their monthly energy bills.
  H.R. 2289 will allow American business to run as intended without new 
burdensome regulations and red-tape from bureaucratic government 
agencies. Most importantly this bill allows the American economy to do 
what it does best producing the world's food and fiber while supplying 
affordable energy.
  I congratulate Chairman Conaway on a well crafted bill and a thorough 
committee process and urge my colleagues to vote in favor of the 
underlying bill.

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