Resources
Economy

Lucas Hails Passage of H.R. 807, the Full Faith and Credit Act

May 09, 2013
Economy
Press

Washington, D.C. – Congressman Frank Lucas today hailed passage of H.R. 807, the Full Faith and Credit Act. This legislation permanently removes the threat of default on the United States Treasury debt, and it passed the House today with a 221 to 207 vote. Lucas made the following comments after passage:

“I am pleased the Full Faith and Credit Act passed the House today to help create fiscal accountability in Washington,” said Lucas. “With our current national debt standing at $16 trillion, it is important that we implement measures to prevent our country from defaulting on the debts held by the federal government and the public. I am encouraged this legislation passed to help achieve this goal. 

“Daily, Americans are working tirelessly to make sure their bills are paid, and it is time for the federal government to follow their lead and do the same. It is critical that we practice fiscal responsibility in our country to help solve the national debt crisis. I will continue to work with my colleagues in the House to provide commonsense ways to help strengthen our country’s financial future.”

–30–

Recent Posts

Aug 7, 2024
Press

Chairman Lucas, Rep. Miller introduce legislation to improve weather prediction

Washington, DC – Science, Space, and Technology Committee Chairman Frank Lucas and Congressman Max Miller (OH-07) introduced H.R. 9219, the Weather Data Taxpayer Protection Act. This legislation is a critical step in improving the accuracy and reliability of weather prediction by ensuring weather tools, purchased with taxpayer funds, are more accurate, standardized, and able to account for ever-changing weather risks. […]

Jul 30, 2024
Press

Lucas to Hold August Town Hall Meetings

Yukon, OK – Congressman Frank Lucas (OK-03) will hold town hall meetings in Cimarron, Texas, Beaver, Harper, and Ellis Counties next week. Residents around the locations are invited to attend and share their thoughts on current events in Washington, D.C. and across Oklahoma. For more updates on what Congressman Lucas is doing in Oklahoma and D.C., […]

Jul 26, 2024
Economy

Lucas Underscores the Need for a Full Re-Proposal of Basel Endgame

Washington, DC – Today, Congressman Lucas discussed the consequences of Basel Endgame and the need for a full re-proposal with Walt Lukken, the President and CEO of the Futures Industry Association (FIA) and and Tom Sexton, the President and CEO of the National Futures Association (NFA). Stakeholders agree that the banking regulators should re-open the proposal […]