Frank Lucas actually said...

"It is good to note that this Committee heard from top regulators from Japan and the European Union just last December, who warned that without better coordination between the CFTC and international re..."

"Again, all of these bills are intended to restore the balance that I believe can exist between sound regulation and a healthy economy."

"Some of these regulations could make using derivatives so expensive that businesses will be forced to stop using them to hedge against risk."

"We stand to harm significant portions of our economy if these issues are not addressed in legislative fixes."