Frank Lucas: “This would also potentially open up the Federal Reserve to political pressure and force the Fed, in fact, to make policy…”

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

The time to make updates to the farm safety net is now.

The CFTC's enforcement authority has been a closely watched issue during the past several years.

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