A divided Commodity Futures Trading Commission proposes new position limits for market speculators along with expanded exemptions that would benefit grain processors and other companies that hedge their risks in agricultural commodities.
A bipartisan bill advanced by the House Agriculture Committee on Wednesday would give the Commodity Futures Trading Commission authority to keep pace with new technology as well as pursue market fraud and manipulation that takes place outside the United States.
Senate Republicans are moving a fiscal 2020 spending bill for the Agriculture Department that tees up a fight with House Democrats over the relocation of two USDA research agencies to the Kansas City region.
President Donald Trump designated Glen Smith to serve as chairman and CEO of the Farm Credit Administration, the U.S. Commodity Futures Trading Commission announced new leadership appointments, and the Animal and Plant Health Inspection Service (APHIS) has made new leadership changes and hires for the department.
Heath Tarbert, a senior Treasury Department official and a legal specialist in international financial markets, was overwhelmingly confirmed by the Senate on Wednesday to be a member and chairman of the Commodity Futures Trading Commission.
Assured of President Donald Trump's support, the Senate and then the House passed a fiscal 2019 spending agreement Thursday to avert another government shutdown and fund USDA, Interior, FDA and other departments and agencies important to agriculture through Sept. 30.
If Democrats win control of the House, U.S. agriculture will face a very different set of committee leaders and approaches to regulatory policy than it has since the chamber has been under GOP control.