The Hagstrom Report

Agriculture News As It Happens


Dodd-Frank markup postponed

House Agriculture Committee Chairman Frank Lucas, R-Okla., today postponed a markup scheduled for Thursday on three bills related to the Dodd-Frank financial services reform bill.

“As always, Washington has a tendency to overreact,” Lucas said. “While the news of JP Morgan’s trading loss is unfortunate, the bipartisan legislation the committee was scheduled to consider is unrelated to the cause of the trading loss.

"However, this committee will take the time to gather all relevant information before we proceed to ensure there are no unintended consequences of the legislation that would encourage recklessness in our financial institutions.”