Frank Lucas: “These audits ensure that we are operating from the same base of knowledge.”

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.

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

I have no further requests, and I simply note this is a good bill. Let's vote for it. I yield back the balance of my time. The SPEAKER pro tempore (Mr. Weber of Texas). The question is on the motion offered by the gentleman from Oklahoma…