Frank Lucas vies to lead Financial Services Committee

By Emma Dumain | 04/12/2024 06:27 AM EDT

The Oklahoma Republican currently chairs the House, Science, Space and Technology Committee.

Rep. Frank Lucas (R-Okla.).

Rep. Frank Lucas (R-Okla.) at the Capitol last year. Francis Chung/POLITICO

Rep. Frank Lucas will compete to be the top Republican on the House Financial Services Committee, the Oklahoma lawmaker announced Thursday.

Whoever nabs the role will play a pivotal role in the GOP’s strategy on environmental, social and governance investing and on how financial regulators are addressing climate change. Indeed, during a hearing Wednesday, Lucas was outspoken in his opposition to the Securities and Exchange Commission’s new climate rule.

While he is most senior member of the panel behind retiring Chair Patrick McHenry (R-N.C.), Lucas faces competition from peers who have expressed in the position interest earlier.


Those include Reps. Andy Barr (R-Ky.), chair of the Subcommittee on Financial Institutions and Monetary Policy; French Hill (R-Ark.), chair of the Subcommittee on Digital Assets, Financial Technology and Inclusion; and Bill Huizenga (R-Mich.), chair of the Subcommittee Oversight and Investigations.