Lucas to Chair New Financial Services Task Force

Washington, DC – House Financial Services Committee Chairman French Hill (AR-02) announced on Tuesday the creation of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force for the 119th Congress, chaired by Congressman Frank D. Lucas (OK-03).

“I am honored to Chair the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. This Task Force will examine monetary policy tools and structural changes to identify opportunities for meaningful reform to the U.S. Treasury markets to safeguard its essential role in the global financial system,” said Congressman Lucas. “Chairman Hill is a proven leader in the banking sector and understands the challenges the U.S. economy faces. The creation of this Task Force recognizes that monetary policy actions of the Federal Reserve and the health of the U.S. Treasury markets have a tremendous impact on the global economy. I look forward to bringing to the table legislative and regulatory solutions to bolster the work of the full Committee.”

Congressman French Hill, Chairman of the Financial Services Committee, also spoke in favor of the creation of the Task Force:

“As the Committee‘s most senior Majority member, Rep. Lucas brings a wealth of experience in financial public policy making. He has witnessed the success of a federal balanced budget in the 1990s and worked through the financial crises experienced in the dot-com bust, post-9/11 and the global financial crisis of 2008. Rep. Lucas will bring clarity and leadership to assessing the Federal Reserve and its policy response to the recent 40-year high in inflation and the resulting impact on the U.S. Treasury market.”

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