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FEDERALhearing transcript

Congressional Hearing on Banning Potato Futures Trading

Original title: Prohibit trading in Irish potato futures on commodity exchanges: hearings before the Subcommittee on Domestic Marketing and Consumer Relations of the Committee on Agriculture, House of Representatives, Eighty-ninth Congress, second session, on H.R. 6006.

July 20, 2026

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The Frame

What this does

The hearing explores whether banning potato futures would stabilize market prices for farmers and consumers or restrict financial tools used by the agricultural industry.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Potato farmers

Farmers' ability to hedge against price fluctuations or participate in futures markets would be restricted if the bill passes.

Commodity exchanges

Exchanges would be prohibited from listing or facilitating trades for Irish potato futures.

What changed

Last recorded activity July 20, 2026.

What's next

Next step not available in the current record.

Summary

This document is a transcript of a 1966 congressional hearing regarding H.R. 6006, a proposed bill to prohibit the trading of Irish potato futures on s.

Key Facts

  • The hearing concerns H.R. 6006, which proposes a federal ban on trading Irish potato futures.
  • The proceedings were held by the Subcommittee on Domestic Marketing and Consumer Relations.
  • The hearing took place during the second session of the 89th Congress.
  • The primary subject of the debate is the impact of commodity exchange speculation on the potato market.

Why It Matters

The hearing explores whether banning potato futures would stabilize market prices for farmers and consumers or restrict financial tools used by the agricultural industry.

Frequently Asked Questions

What is a potato futures contract?
A is a legal agreement to buy or sell a specific quantity of potatoes at a predetermined price at a specified time in the future.
Why was this hearing held?
The hearing was held to gather testimony on whether banning potato futures trading would be beneficial or detrimental to the agricultural economy.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Historical Market Regulation

The document highlights a mid-20th-century effort to increase federal oversight of agricultural commodity speculation.

Connected Entities

organizationCommittee on AgricultureThe parent committee overseeing the subcommittee.Map →
organizationSubcommittee on Domestic Marketing and Consumer RelationsThe congressional body conducting the hearing.Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy50
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz5
    Current news / social attention level

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