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.
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More from Frank Lucas
I have spent much time screaming about the potential impacts of the Basel capital requirements on the American economy.
Mr. Speaker, I yield 3 minutes to the gentleman from Texas (Mr. Babin), the subcommittee chairman of jurisdiction.
Mr. Speaker, 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…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 7685) to strengthen and enhance the competitiveness of American industry through the research and development of advanced technologies to improve the efficiency of cement…
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