We believe the proposed regulations are unnecessarily narrow, impose onerous reporting obligations on commercial market participants, and lack the flexibility necessary to ensure that the legitimate hedging activities of corporations who carry cash market risks in physical commodities continue to receive treatment as ``bona fide'' hedges under the rules.
Lucas criticizes proposed regulations for being too restrictive on market participants.
Share
More from Frank Lucas
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 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…
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…
Other voices in this conversation
