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Saturday, April 12, 2025

Frank Lucas underscores need for treasury market reforms amid historical context of economic disruptions

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Frank Lucas U.S. House of Representatives from Oklahoma | Official U.S. House Headshot

Frank Lucas U.S. House of Representatives from Oklahoma | Official U.S. House Headshot

Frank Lucas, U.S. Representative for Oklahoma's 3rd district, expressed his insights and perspectives on urgent economic issues through a series of tweets. In multiple posts made on April 9, 2025, Lucas emphasized the critical need for Treasury market reforms and the importance of being prepared for unexpected economic disruptions. These sentiments reflect both his legislative focus and extensive experience in Congress.

In his first post on April 9, 2025, Lucas drew parallels between past crises and the need for current reforms: "I’ve been around long enough to remember the disruptions after 9/11, the 2008 housing crisis, and more recently COVID. Put simply, we have to be prepared for the unexpected. That's why we have to engage in meaningful discussions about Treasury market structure and reform. This https://t.co/gkFliYMXhx".

Lucas continued his commentary in a subsequent tweet on the same day, emphasizing the importance of addressing these issues: "This is too important of an issue to ignore. That’s why I look forward to continuing our work on the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity."

Further, Lucas mentioned the alignment of views with a notable government figure: "And at several @FinancialCmte hearings, former Treasury Secretary Yellen agreed that we need urgent reform to increase participation in U.S. Treasury markets. https://t.co/Surgc0eGZf".

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