Ted Yoho: Agriculture, Energy Helped by Limiting Dodd-Frank, CFTC

U.S. Rep. Ted Yoho, R-Fla., supported the “Commodity End-User Relief Act” on Tuesday, insisting that it would help rein in Dodd-Frank, namely the overreach of the Commodity Futures Trading Commission (CFTC) on agriculture and energy. 

“In my district, agriculture is the single largest sector of the economy," Yoho said. “The farmers and ranchers in my state are exposed to the unique risks associated with volatile agricultural markets. Being faced with this uncertainty, they need the financial tools that allow them to mitigate these risks. The bill we passed tonight will bring that certainty.

“Also, municipal utility services and co-operative energy suppliers meet nearly all of my district’s electricity needs,” Yoho added. “These groups rely heavily on risk mitigation provided by this bill. If the federal government is allowed to over regulate the use of risk mitigation, my constituents, industries within my district/state and across the country will see hikes in their monthly energy bills.

“Tonight’s vote allows American business to run without new burdensome regulations and red-tape from bureaucratic government agencies,” Yoho added. “Lastly, this bill allows the American economy to do what it does best, produce the world’s finest food while supplying affordable energy.”