Firstly food regulation including provenance, naming and packaging is very much at the core of the EU - if it wasn't the EU would already have a free trade deal with Australia (it's literally the only sticking point).

Secondly a parliament with hundreds of representatives can in fact (metaphorically) "walk and chew gum" at the same time. There is absolutely no reason there can't be (and in fact there are) multiple committees looking at all sorts of things simultaneously.

I wish I could say that they're doing something about the rise of fascism (they're not afaict) but the presence or absence of the food regulation committee won't change that. They are at least bolstering European defences and increasing spending, I suspect we both would like them to be doing more and faster, but they are in fact working on it as well