Frank Lucas: “The Basel Committee on Banking Supervision is the primary global standard-setter for prudential regulation of banks.”

Let the consumer decide, right, and yet, the Administration has their thumb on the scale for electric vehicles like this in the mandate. It is ridiculous.

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

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

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