Frank Lucas: “I wish to yield 2 minutes to the gentleman from Georgia (Mr. Austin Scott), an outstanding Member who also has worked a…”

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

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

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

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…