House Passes Legislation to Protect American Farmers, Ranchers, and Businesses
(Washington, DC) – Congressman Doug LaMalfa (R-Richvale) issued the following statement after the House passed H.R. 238, the Commodity End-User Relief Act, which erases unintended and excessive red tape that harms end-users, such as ranchers, farmers, manufacturers, and public utilities. The bill contains language authored by Congressman LaMalfa to protect public power ratepayers from cost increases by increasing the sources from which public power entities may purchase energy for future needs. The bill would benefit those who rely on public utilities in many Northern California communities including: Redding, Biggs, Shasta Lake, Susanville, Roseville, Sacramento and others.
LaMalfa said: “Dodd-Frank imposed costly regulations on our end-users that limit their ability to do their jobs and provide affordable products. My bill, the Public Power Risk Management Act, was included in the Commodity End-User Relief Act and is designed to protect the 47 million Americans who rely on public power from rate hikes due to unnecessary regulatory policies. This legislation helps to eliminate these unintended burdens and levels the playing field for our farmers, ranchers, and small businesses. These folks did not cause the financial crisis and we have to ensure we provide relief from these harmful policies that were originally intended to protect them.”
Highlights of H.R. 238, the Commodity End-User Relief Act:
- Includes a cost-benefit analysis to ensure the Commodity Futures Trading Commission (CFTC) produce more practical rules
- Reduces red tape and provides relief from burdensome requirements that make it more difficult for businesses to manage risks.
- Prevents farmers, manufacturers, and producers from carrying the burden of the regulatory response to a crisis they did not cause.
- Codifies new practices instituted by the CFTC and other market regulators to protect customer margin.
Congressman Doug LaMalfa is a lifelong farmer representing California’s First Congressional District including, Butte, Glenn, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sierra, Siskiyou and Tehama Counties.