Farm bill, coding priorities for the upcoming term |  News, sports, jobs

Farm bill, coding priorities for the upcoming term | News, sports, jobs

Placing a proposal for a river front downtown was part of what brought Congressman Glenn Thompson to Warren on Monday.

“I thought it was a great project,” He told about the development that took place in the former Loranger Building.

Thompson said he set aside $1.5 million in funding for a downtown riverfront, noting significant local investment in that area.

He said he had set aside $1.5 million in funding for the downtown riverfront, noting significant local investment in that area.

“I try to be very special in the projects I support,” He said. “(I was) disappointed when the final cut in this year’s allocation wasn’t made.”

Thompson said he is still looking for funding for the project and said that was part of the reason he was in Warren on Monday.

“I want to be an optimist anyway,” He said. Good projects take time.

Looking at the 118th conference, the farm bill and cryptocurrency regulations are shaping up as priorities for the next two years.

Thompson has a Democratic challenger in next month’s election but the seat is safely red. Thompson’s closest election was his first in 2008 in which he received 16 points.

In 2020, he scored the county by about 50 points.

As the current Republican member of the House Agriculture Committee, he has his eyes set on a potential presidency if Republicans regain a majority in the House.

This makes his priorities very easy.

“For me, it’s clearly Farm Bill,” He said.

According to the Congressional Research Service, this law spans several years and “It governs a range of agricultural and food programmes. It provides an opportunity for policy makers to address agricultural and food issues comprehensively and periodically.”

Invoice, according to the Common Reporting System (CRS), usually focuses on “The Agricultural Commodities Program supports a handful of commodities – corn, soybeans, wheat, cotton, rice, peanuts, dairy, and sugar.”

Thompson said the current iteration is due to end in September 2023 and has been dubbed “The most important piece of legislation affects rural areas of America.”

He said there are three options – let it finish what he called “Not an option” Because it would bring farm regulations back to the Dust Bowl era; Extension of the current bill which is fair “Kick the can” Or create a new bill which is “The only option.”

‘We are far behind’ confirmed. “Under Democratic leadership we haven’t done our due diligence. If the presidency presents itself, we will change that in January. It will be very severe.”

Another major legislative priority may not seem like an agricultural issue at all – cryptocurrency regulations.

Explain why this issue is brought to the Ag Commission – when a cryptocurrency is first created, it is traded and supervised by the Securities and Exchange Commission; But once it is in circulation, it is considered a commodity which brings it under the auspices of the Ministry of Agriculture.

“There is an urgent need,” He said, “With some guidelines in place, legislative safeguards around cryptocurrency.”

He introduced legislation – the Digital Goods Exchange Act that he said he would do “Don’t hurt, protect the people in the market” While fostering innovation using core technology.

“Blockchain… will be transformative for our economy,” He said, explaining that countries ranging in size from China to Malta are developing these bases.

“The United States lags far behind,” He said, “But the United States is where people want to do business.”

He said the legislation would still allow for state regulation as many states had already done but that it would implement a national standard. He said that not addressing this issue may lead to the nation losing it “A competitive space in the global economy….let’s make it simple and do what we need to do.”

His suggestion said, “Close” He hopes to be removed from the committee this fall.

“(It hasn’t happened) yet,” He said, but the effort “Farther than in the past.”

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