Lucas Applauds Fed’s Continued Deregulation of Dodd-Frank

Oct 11, 2019

Washington, D.C. – Congressman Frank Lucas (OK-03) released the following statement after the Federal Reserve Board finalized rules that tailor regulations for domestic and foreign banks to more closely match their risk profiles better serving customers and communities:

“Ensuring that our financial institutions are guided by tailored regulatory requirements rather than a stringent one-size-fits-all approach not only better serves a bank’s customers, but it also promotes economic growth in communities across the nation.

Since the passage of S. 2155- the Economic Growth, Regulatory Relief, and Consumer Protection Act, my colleagues and I have made clear that right-sizing burdensome regulations should remain a priority. Today’s action by the Federal Reserve Board improves supervision by appropriately regulating institutions based off their risk, while effectively applying financial stability rules on an asset-sized basis.

I applaud the Federal Reserve Board’s actions in developing a regulatory framework that more closely fits an individual bank’s business model allowing for institutions to better serve our growing communities.”


Recent Posts

Jun 3, 2024

Lucas Statement on Farm Bill

Washington, D.C. – Congressman Frank Lucas (OK-03) released the following statement after the House Committee on Agriculture completed its markup of the next Farm Bill: “I applaud Chairman Thompson for completing the gargantuan task of passing this Farm Bill out of Committee. As a former Chairman of the House Ag Committee, I know firsthand just how […]

May 16, 2024

Lucas: Basel Endgame Will Penalize Central Clearing

Washington, D.C. –  At today’s House Financial Services Committee hearing, Congressman Frank Lucas (OK-03) questioned FDIC Chair Gruenberg and Federal Reserve Vice-Chair Barr on the consequences of the Basel Endgame proposal. Specifically, Congressman Lucas brought to attention his concern that the Basel requirements will constrain the capacity of banks to offer central clearing. He has previously pressed this […]

May 14, 2024

Lucas Advocates for FAA Reauthorization

Washington, D.C. – Today, Congressman Frank Lucas (OK-03) spoke on the Floor in support of the Senate’s amendment to the Federal Aviation Administration (FAA) reauthorization bill, which the House will be voting on tomorrow. The bill includes Rep. Lucas’s language for the FAA to submit a plan to Congress to improve air traffic controller training and set the air traffic […]