Frank Lucas: “A margin requirement imposed upon end-users would subject them to significant cash burdens, cash that might otherwise be…”

You have reiterated how Members of the Board would like to see a revised Basel proposal put out for public comment.

The fact is the inflation is still running above the Fed's 2-percent target.

I have spent much time screaming about the potential impacts of the Basel capital requirements on the American economy.

Before I yield to the gentlewoman from Iowa, I will simply note that like all legislative processes with the signature of the President on this piece of legislation, it will supersede the appropriated law. It will be straightforward. Mr…