After traveling around Western Oklahoma this week, I have seen firsthand the damage done to our community amidst these disastrous wildfires. As we look ahead towards recovery, I want to take a moment to provide useful resources and offer any assistance that may be available. Most importantly, I have seen Oklahomans come together in the […]
Lucas and Atkins agree: Margin and capital requirements should reflect actual risk
Washington, DC – Today, the House Financial Services Committee held a hearing entitled, “Oversight of the Securities and Exchange Commission” with SEC Chairman Paul Atkins. Congressman Frank D. Lucas and Chairman Atkins agreed that the margin and capital requirement should reflect actual risk in order to reduce costs and make clearing more efficient. SELECTED REMARKS: Lucas: “Under your leadership, the SEC […]
Washington, DC – Yesterday, Congressman Frank D. Lucas’s (OK-03) Pressure Regulatory Organizations To End Chinese Threats to Taiwan Act, or the PROTECT Taiwan Act, passed out of the House. Currently, under the Taiwan Relations Act, the President is required to notify Congress if China poses an immediate threat to Taiwan’s security. If this notification is triggered, The PROTECT Taiwan Act states […]