Frank Lucas: “We have heard that some regulations may impose significant costs that aren't being accounted for by the CFTC.”

Thank you, Mr. Chairman, and thank you, Ranking Member, for holding this hearing, and the witnesses for agreeing to testify.

The CFTC's enforcement authority has been a closely watched issue during the past several years.

Folks back home are always very concerned about inflation and the period we have gone through lately.

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