Yoho Votes to Bring Regulatory Relief Rural America

Washington, D.C. – Congressman Ted S. Yoho (R-FL-03) voted in favor of The Commodity End-User Relief Act - H.R. 2289.  The bill will protect customers from market failures and from certain regulations implemented after the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203) that the Commodity Futures Trading Commission (CFTC) is tasked with implementing.

Congressman Yoho gave the following statement:

““In my district, agriculture is the single largest sector of the economy. 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. 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. Lastly, this bill allows the American economy to do what it does best, produce the world’s finest food while supplying affordable energy.”

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Congressman Ted Yoho serves on the Foreign Affairs and Agriculture Committees. He represents North Florida’s 3rd Congressional District