Frank Lucas

It seems like you are willing to study the impact on the agriculture and energy sectors.

When financial regulators implement massive policy changes under a new Administration, it creates significant uncertainty with businesses and consumers.

The Federal Reserve has maintained that the U.S. banking system is sound and resilient with strong levels of capital liquidity.

If you take that capacity out of the market, you are going to have a knock-on effect into not just investment returns, but the ability of corporate communities and others to raise credit and capital.

We have heard from the witnesses today about the unprecedented pace and scope of the SEC's rulemaking agenda.

This is something that has been in the works really for a decade, and the U.S. prudential regulators have put out a proposal that really gold-plates compared to what the Europeans are doing.

Insurance is, has been, and should remain a State-regulated product, free from the involvement and clutches of meddling Federal bureaucrats.

The proposed rule would impose requirements that are inconsistent with the CFTC rules.

I hope the Commission will give serious consideration to this approach.

These proposals, I believe, could impair market liquidity while increasing risks and costs.

I would simply add that given the rapid advances in machine learning and generative artificial intelligence (AI), the United States should lead the way in the development of innovative technologies that would unlock new economic…

I just think it is imperative that the SEC refrain from applying the proposal to CFTC-regulated markets.

This would create significant problems, I think, across the entire financial markets.

Some regulations have costs and consequences that outweigh their potential benefits.

The work you do at the Environmental Protection Agency (EPA) is incredibly important, and it touches the lives of every American.

That intent was to build up our chips production to shore up our supply chain, stay ahead of our adversaries, and reclaim our global competitiveness in this critical industry.

The CHIPS and Science Act was passed to achieve two goals - to bolster the domestic semiconductor industry and to support the basic research and fundamental science that keeps America at the cutting edge of scientific development.

I am concerned about the effect this is going to have on deposits at regional banks and credit unions and smaller banks.

I oppose a cryptocurrency ecosystem in which millions of dollars can go from one unnamed entity or person to another unnamed person.

Such an argument doesn't fully contemplate the extent of the possible abuse that could come from regulators or political actors, if given this tool.

My concern is that once we build a CBDC, we don't have it just today and tomorrow with our current set of regulators.

A CBDC issued by the Federal Reserve would open the door to a few different, troubling, potential futures, regardless of the intent of the original issuer.

I am firmly opposed to a retail CBDC. My opposition to a retail CBDC comes down to one simple concern at the heart of our republic, which is the concentration of power in the hands of the Federal Government.

I think that is shortsighted, and I think that is shortsighted at the World Bank and at the other international lending organizations.

A strong understanding of subsurface systems is essential, not only for harnessing today's resources, but also for expanding our clean energy portfolio, sustaining critical domestic supply chains, and ensuring the long-term storage of…