Frank Lucas

Our country has significant subsurface energy resources, and, if harnessed correctly, these resources have the capacity to provide all Americans with clean, baseload power and secure energy storage for generations to come.

Advanced geothermal technologies have the potential to transform the U.S. energy sector.

Our people in this great country is our greatest asset and our greatest resource.

One of the keys to addressing the future of this great planet and the issues that we address here from a business perspective is changing how we create our energy sources.

Let me be clear, the objective of this hearing, and any future legislation related to wildfires, is not for the Federal government to make decisions for people.

The Committee will come to order. Without objection, the Chair is authorized to declare recess of the Committee at any time.

I have heard concerns that the Fed's Basel III revisions could increase costs for derivatives end users.

I hope you will continue this dialogue with the committee once the joint rule is proposed.

This really is an outstanding panel, and sounds like they are on track. We just need to help them down that track a little faster.

We have worked for some time, whether it is the concept of rural STEM through the Science Committee programs...

I have the honor, and privilege, and responsibility of chairing the Science, Space, and Technology Committee, as well as being a Member of the glorious and all-important Agriculture Committee.

We have worked for some time... to try and make sure that every available opportunity is there for all of our neighbors out in rural America.

Over the years the inefficiency in Federal permitting process have slowed down, and in some cases completely halted infrastructure investments and improvements across the country.

Congress should settle this by passing much-needed regulatory clarity for digital assets, not jurisdictions abroad like the EU.

If the United States wants to be a leader in the future of digital assets, it is essential that Congress act.

Are the Fed and the SEC coordinating with Treasury on the economic analysis necessary to understand potential consequences to both markets and end users?

I'm a strong advocate for an all-of-the-above approach not just in energy in general but specifically in fusion energy.

The potential benefits from this fundamental research are tremendous, which is why it's so critical for DOE prioritize it.

Fusion R&D has long enjoyed bipartisan support on this committee--and for good reason.

Today, we have an opportunity to explore the current status of U.S. research and development in fusion energy sciences.

Fusion is the ultimate clean and abundant energy source. If we are serious about our energy future, there is no technology that meets our needs better than fusion.

Brussels seems to be playing for keeps on everything that involves economics.

It is important that we do not allow Europe to become the standard setters for the United States.

The potential impact is so dramatic. If the entities that are engaged in these various elements of dramatic change aren't cross-referencing their actions, there is the possibility of unintended consequences.

It is concerning that U.S. banks will have to implement both significant market structure changes... and increased capital requirements.