Frank Lucas: “I just think it is imperative that the SEC refrain from applying the proposal to CFTC-regulated markets.”

Before I yield to my colleague from Michigan, I yield myself such time as I may consume. Madam Speaker, this is a process that combines two good pieces of legislation. This is a process that takes what we successfully did in…

I have no further requests for time, and I am prepared to close once the gentlewoman from California closes.

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

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