WASHINGTON, D.C. – U.S. Senator Pat Roberts, R-Kan., Chairman of the Senate Committee on Agriculture, Nutrition and Forestry, today released the following statement on the fifth anniversary of the Dodd-Frank Act.
“Farmers, ranchers and end-users did not cause the 2008 financial crisis, and Congress did not intend for them to be subject to Title VII of Dodd-Frank. However, five long years later, they continue to be subjected to a bounty of rules and regulations stemming from the regulatory implementation of Dodd-Frank. As Chairman, I am continuing to work with members on the Committee to address the regulatory overreach.”
The Senate Agriculture Committee in May held a hearing on Commodity Futures Trading Commission (CFTC) regulatory issues impacting end-users and market liquidity. Chairman Roberts has made CFTC reauthorization a priority for the Committee.