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The article reports that U.S. House Agriculture General Farm Commodities Subcommittee Chairman Bob Etheridge, is encouraging House leaders to schedule another vote on legislation to increase reporting requirements on commodity futures, despite a packed calendar and looming veto threat. The bill would require the Commodity Futures Trading Commission to set limits on the positions that investment firms can take in a wide range of commodity futures.

The article reports that two U.S. House Agriculture Committee leaders have introduced legislation to allow more small farmers to qualify for farm programs. The measure, authored by House Agriculture General Farm Commodities Subcommittee Chairman Bob Etheridge and ranking member Jerry Moran, clarifies language in the 2008 farm bill that ends some subsidies to farmers with only 10 acres of land or less.

The article reports on efforts of the U.S. House Agriculture Committee to speed up the passage of a legislation that would combat energy market manipulation and excessive speculation. The committee will move up a hearing from June 25, 2008 to June 24 that addresses concerns that unfair market practices are artificially inflating energy prices, and then mark up the bill introduced by Agriculture General Farm Commodities Subcommittee Chairman Bob Etheridge.

The article reports that U.S. House Agriculture General Farm Commodities and Risk Management Subcommittee Chairman Bob Etheridge has charged that the Federal Energy Regulatory Commission went beyond its authority when it sued Amaranth Advisors LLC. At a hearing on the reauthorization of the Commodity Exchange Act, Etheridge said Congress has given the Commodity Futures Trading Commission exclusive jurisdiction over futures markets