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Mr. HOYER. Mr. Speaker, the chairman has done a wonderful job as the chairman of the Agriculture Committee, and I know that you are working together to bring people together. One of the things that I most admire about Chairman Scott is that he wants to have a bipartisan result coming out of his committee, and I think in this bill he has.
Mr. Speaker, every day Americans across the country must contend with the rising prices caused by inflation. Whenever they pull up to the gas pump, they face the repercussions of Vladimir Putin's criminal invasion of Ukraine, which has made gas prices skyrocket--not just because of the sanctions, not because of Russia's production, but because of the lack of confidence in the future that this war has caused.
Whenever our people go to the grocery store, they suffer the consequences of the havoc that the COVID-19 pandemic has inflicted on global supply chains. Unfortunately, we cannot erase the past crises that led to our current economic situation.
I say to the Members of this Congress that we can take the meaningful steps today to lower prices for consumers and to stimulate America's economy in the weeks and months to come. That is why House Democrats are focusing all week on easing inflation and bringing costs down. I know that is what my Republican colleagues want to do as well.
While this may not be a perfect alternative--there are no perfect alternatives--this is a positive step toward decreasing the costs to our people of things that they must buy: fuel and food. To support that mission, I am proud to bring the Lower Food and Fuel Costs Act to the floor today, at Mr. Scott's request.
America's farmers and ranchers have long fed our Nation, and indeed, much of the world. Despite their essential work, however, they have often struggled to turn a reliable profit in recent years because of rising expenses, associated particularly with fertilizer--the costs of which have gone up very substantially as a result of the crisis that we confront.
By making fertilizer more affordable and by improving farmers' access to loans for precision agricultural technology, this legislation will help lower these production costs, which burden smaller farmers and contribute to higher consumer food prices.
Additionally, this bill will lower gas prices by increasing biofuel adoption and investment, and by giving consumers greater fuel choices at the pump.
Lack of competition in the meat and poultry processing industries has also jeopardized many of our family farmers and the people they feed. Competition is the essence of a free market. Competition is the essence of establishing prices that are reasonable and fair, both to producers and to consumers.
Fortunately, Mr. Speaker, this legislation will help level that playing field for small and independent producers trying to break into the industry, which will both boost our meat processing capacity and stoke healthy competition and innovation, which both sides of the aisle believe is the way we have created this extraordinary economy we know as the American economy: competition and free markets.
Similarly, this bill establishes a dedicated office within the Department of Agriculture to strengthen enforcement of existing antitrust authorities to consult on trade practices, ensuring a fairer, more competitive industry that works better for consumers.
We know that if just a few producers have a monopoly--and that is one of the problems with oil prices. We have OPEC nations who have constricted supply when demand was up. What inevitably happens in a free market? Prices rise.
This is about free markets. This is about competition. This is about fair pricing for consumers. These reforms will enable our farmers to produce food more efficiently, driving down costs for Americans at the grocery store.
Not only will this legislation help us respond to the ramifications of crises like the pandemic and the war in Ukraine, but they will also make our agricultural sector and our economy more resilient to future shocks.
This legislation is a crucial step toward reducing inflation. I thank Representative Spanberger, Representative Craig, and Representative Axne, and my friends on the Republican side who have worked on this, and my friends on the Democratic side who have worked on this.
This is an important piece of legislation for the people--all of them. All of our Members listened closely to the concerns of their constituents and took a collaborative approach to come up with legislation that addresses some of the most pressing needs of the American people.
I thank the ranking member of this committee for his thoughtfulness in approaching this issue.
Today, every Member of this House has an opportunity to do something to ease inflation. Every Member has an opportunity to vote to ease inflation today. We are eager to take that action, which is why we are bringing this to the floor and voting to pass it.
I hope all of our Members will join us so we can show our constituents that their Congress is addressing inflation and working together on their behalf, not on our political behalves, but working together to pass this legislation.
Mr. Speaker, I urge my colleagues: vote ``yes.''
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