Frank Lucas: “I seek to claim time in opposition. The Acting CHAIR. The gentleman from Oklahoma is recognized for 5 minutes.”

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…

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

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

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…