Lucas at Task Force Hearing: “We Should Consider Changes to Improve Treasury Market Resilience”

Washington, DC – Today, the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity held a hearing entitled, “Examining Treasury Market Fragilities and Preventative Solutions”.

As Chair of the Task Force, Congressman Frank D. Lucas (OK-03) opened the hearing by highlighting regulatory changes needed to bolster the liquidity and resiliency of the Treasury market as the foundation of the global economy. You can watch his opening remarks here.

He then had the opportunity to question witnesses on a variety of topics, including the market’s ability to accommodate volatility, the SEC’s clearing rule, and reforming the SLR. You can watch his full Q&A here.

BACKGROUND:

The Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity was created at the beginning of the 119th Congress.

The Task Force is charged with examining issues related to monetary policy, the fundamental role that U.S. Treasury debt plays in the economy, and the resilience of the Treasury market. The Task Force will also examine the Federal Reserve Act and how economic growth and price stability affect the financial wellbeing of all Americans.

You can find more information on the Task Force here.

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