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Clarence Saxby Chambliss is an American lawyer and retired politician who was a United States Senator from Georgia from 2003 to 2015. A member of the Republican Party, he previously served as a U.S. Representative from 1995 to 2003.
John Nichols Boozman is an American politician and former optometrist serving as the senior United States senator from Arkansas, a seat he has held since 2011. A member of the Republican Party, he was the U.S. representative for Arkansas's 3rd congressional district from 2001 to 2011. He is the dean of Arkansas's congressional delegation.
The 106th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C., from January 3, 1999, to January 3, 2001, during the last two years of Bill Clinton's presidency. The apportionment of seats in the House of Representatives was based on the 1990 United States census. Both chambers maintained a Republican majority.
The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that ensured financial products known as over-the-counter (OTC) derivatives remained unregulated. It was signed into law on December 21, 2000 by President Bill Clinton. It clarified the law so most OTC derivative transactions between "sophisticated parties" would not be regulated as "futures" under the Commodity Exchange Act of 1936 (CEA) or as "securities" under the federal securities laws. Instead, the major dealers of those products would continue to have their dealings in OTC derivatives supervised by their federal regulators under general "safety and soundness" standards. The Commodity Futures Trading Commission's (CFTC) desire to have "functional regulation" of the market was also rejected. Instead, the CFTC would continue to do "entity-based supervision of OTC derivatives dealers". The CFMA's treatment of OTC derivatives such as credit default swaps has become controversial, as those derivatives played a major role in the financial crisis of 2008 and the subsequent 2008–2012 global recession.
The Committee on Agriculture, Nutrition, and Forestry is a committee of the United States Senate empowered with legislative oversight of all matters relating to the nation's agriculture industry, farming programs, forestry and logging, and legislation relating to nutrition, home economics, and rural development.
The United States Senate Committee on Finance is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods. It is considered to be one of the most powerful committees in Congress.
The United States Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts.
The United States House of Representatives Committee on Agriculture, or Agriculture Committee is a standing committee of the United States House of Representatives. The House Committee on Agriculture has general jurisdiction over federal agriculture policy and oversight of some federal agencies, and it can recommend funding appropriations for various governmental agencies, programs, and activities, as defined by House rules.
The U.S. Senate Agriculture Subcommittee on Livestock, Dairy, Poultry, Local Food Systems, and Food Safety and Security is one of five subcommittees of the Senate Committee on Agriculture, Nutrition, and Forestry.
The U.S. Senate Agriculture Subcommittee on Conservation, Climate, Forestry, and Natural Resources is one of five subcommittees of the U.S. Senate Committee on Agriculture, Nutrition and Forestry. Prior to the 117th Congress, it was named the Subcommittee on Conservation, Forestry and Natural Resources.
Amy Jean Klobuchar is an American politician and lawyer serving as the senior United States senator from Minnesota, a seat she has held since 2007. A member of the Minnesota Democratic–Farmer–Labor Party (DFL), Minnesota's affiliate of the Democratic Party, she previously served as the County Attorney of Hennepin County, Minnesota.
The United States House Subcommittee on Commodity Markets, Digital Assets, and Rural Development is a subcommittee within the House Agriculture Committee. It was previously known as the subcommittee on Commodity Exchanges, Energy, and Credit, but lost jurisdiction over agricultural credit at the 118th Congress.
The U.S. Senate Agriculture Subcommittee on Rural Development and Energy is one of five subcommittees of the U.S. Senate Committee on Agriculture, Nutrition and Forestry.
In the United States, the farm bill is the primary agricultural and food policy instrument of the federal government. Every five years, Congress deals with the renewal and revision of the comprehensive omnibus bill.
The agricultural policy of the United States is composed primarily of the periodically renewed federal U.S. farm bills. The Farm Bills have a rich history which initially sought to provide income and price support to US farmers and prevent them from adverse global as well as local supply and demand shocks. This implied an elaborate subsidy program which supports domestic production by either direct payments or through price support measures. The former incentivizes farmers to grow certain crops which are eligible for such payments through environmentally conscientious practices of farming. The latter protects farmers from vagaries of price fluctuations by ensuring a minimum price and fulfilling their shortfalls in revenue upon a fall in price. Lately, there are other measures through which the government encourages crop insurance and pays part of the premium for such insurance against various unanticipated outcomes in agriculture.
The U.S. Senate Agriculture Subcommittee on Food and Nutrition, Specialty Crops, Organics, and Research is one of five subcommittees of the U.S. Senate Committee on Agriculture, Nutrition and Forestry.
The Business Risk Mitigation and Price Stabilization Act of 2013 is a bill that passed the United States House of Representatives during the 113th United States Congress. The bill would exempt nonfinancial entities that enter into a swap or a security-based swap transaction from meeting certain margin requirements when the transaction is designed to offset losses or gains in other investments.
The Agricultural Act of 2014 is an act of Congress that authorizes nutrition and agriculture programs in the United States for the years of 2014-2018. The bill authorizes $956 billion in spending over the next ten years.
Heath Price Tarbert is an American lawyer and former government official who most recently served as the 14th Chairman and a Commissioner of the Commodity Futures Trading Commission (CFTC). Prior to leading the CFTC, he served as Assistant Secretary of the Treasury for International Markets and Development and as acting Under Secretary of the Treasury for International Affairs. As of April 6, 2021, he is the Chief Legal Officer of Citadel Securities.
References
- "Subcommittees page for US Senate Committee on Agriculture, Nutrition and Forestry" . Retrieved March 25, 2021.
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