Frank Lucas: “Thank you, Mr. Chairman, for holding this hearing today.”

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…

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.

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