Westerman Stands with Arkansas Farmers
WASHINGTON – Congressman Bruce Westerman (AR-04) issued the following statement Thursday (January 12) upon passage of H.R. 238, the Commodity End-User Relief Act:
“The global economy involves risks, but that should not mean Arkansans pay the price when big business gambles,” Westerman said. “The Commodity End-User Relief Act reduces the bureaucratic hurdles that make it expensive and challenging to manage risk. It helps Arkansas farmers and producers keep more men and women employed while at the same time keeping costs low for consumers.”
According to the House Committee on Agriculture, H.R. 238:
- Includes a strong cost-benefit analysis measure to produce better rules;
- Reduces red tape and provides relief from burdensome requirements that make it more complicated and more expensive for businesses to manage their risks;
- Prevents America’s farmers, manufacturers, and producers from bearing the brunt of the regulatory response for a crisis they did not cause; and
- Codifies new practices instituted by the CFTC and other market regulators to protect customer margin.