Oklahoma
Lucas notes ‘capital-starved’ Oklahoma in Financial Services bid
Rep. Frank D. Lucas knows he’s the likely underdog in the now four-man race to replace Patrick T. McHenry as the top Republican on the House Financial Services Committee, but he isn’t letting that stop him.
The Oklahoma Republican jumped into the race this month, saying it’s the logical conclusion of his nearly 30-year panel tenure. He brings an emphasis on traditional banking policy issues and a cautious tone on cryptocurrency to the race. And he said he’s facing off against three of his “very favorites,” Reps. Andy Barr of Kentucky, French Hill of Arkansas and Bill Huizenga of Michigan, all current subcommittee chairs with strong fundraising records.
“In my career as a legislator, in my career as a candidate, I’ve often been underestimated by lots of people. I don’t mind that. People can underestimate you as long as you overperform,” Lucas said in an interview. “We’ll see if I’m capable of overperforming one more time.”
Lucas pointed out that the race, whose outcome will be determined by the Republican Steering Committee after the election in November and the conference picks its leadership, is a long way from the finish line. He faces strong opponents, but anything could happen between now and then.
“Honestly, who knows at this moment what that world will look like?” he said.
In the meantime, Lucas, who has chaired the House Agriculture Committee and now has the House Science, Space and Technology gavel, is pitching himself as someone with experience at the helm of committees, mentoring younger members and working across the aisle when consensus is possible.
‘Maintain the fundamentals’
A fifth-generation Oklahoman who grew up on a farm that has been in his family since 1912, Lucas joined the Financial Services Committee during his first term, back when it was called the Banking and Urban Affairs Committee.
He said he was drawn to the panel because of its jurisdiction over the cost and availability of capital, a key issue for his district, which covers about 34,000 square miles across Oklahoma’s western half.
“I’m an ag district at home. I’m an energy district. I’m Main Street. I’m manufacturing,” Lucas said. “All capital-intensive industries in a capital-starved state.”
Lucas said he would emphasize lending and capital — bread-and-butter banking issues — if he gets the gavel, something of a departure from the panel’s previous two chairs.
McHenry, R-N.C., the current chairman, who is retiring at the end of his term, has a reputation for tackling new technology and emerging issues, most notably regulating cryptocurrency and updating financial data privacy protections.
The panel’s top Democrat, Rep. Maxine Waters of California, used her time as chair to shine a light on housing issues.
“There’s a tendency in Congress to want to play with whatever the shiniest, brightest new toy is. But if you don’t maintain the fundamentals in, call it your jurisdiction or call it the economy, then you’re setting yourself up for future problems,” Lucas said. “I might have more of a focus on the traditional issues: cost of and the availability of capital. It doesn’t mean that I’m going to ignore problems or I’m going to ignore new facets of the industry that evolve.”
The disappearance of community and regional banks is a big concern, Lucas said, adding that it’s an issue where Republicans and Democrats can find common ground.
“In the traditional banking department, by policy intentionally or unintentionally, the number of actual chartered banks out there is collapsing dramatically. I think we should have more competition in the financial services realm, not less,” he said.
The number of federally insured banks and savings institutions was cut roughly in half from 9,354 to 4,706 banks between 2002 and 2022, according to Federal Deposit Insurance Corporation data that predates some prominent 2023 bank failures and the ensuing spike in deposit flight to the biggest banks.
Lucas is up against an opponent who has direct experience in the banking sector. Hill was the founder, chairman and CEO of Little Rock, Ark.-based Delta Trust & Banking Corp. The sale of Delta Trust in 2014 illustrates a major reason behind the decline in smaller banks: mergers and acquisitions.
The decline of local banks has implications for Lucas’ agriculture-dependent district. About 77 percent of agricultural loans and more than half of small-business loans originate with community banks, according to a 2015 study from the Harvard Kennedy School of Government.
Lucas said he could work with Waters, whether she’s chair or ranking member, to find common ground on encouraging community banking, especially to increase the diversity among ownership of smaller banks.
“We’re going to disagree on 90 to 95 percent of the policy issues. But we’re not going to be, I believe, disagreeable,” Lucas said of Waters. “And we’re going to work — I believe in whichever role things are found out to be — on achieving consensus on the issues that reflect my first goal: the cost and the availability of capital.”
The committee could face even more urgent business in the banking sector next Congress if the commercial real estate market continues to deteriorate and banks are left holding the bag, Lucas said.
Regional banks, the same banks whose decline already poses a concern for Lucas, are more exposed to commercial real estate than their bigger counterparts.
‘Crypto is still the Wild West’
Lucas acknowledged the committee will have to address cryptocurrency regulation early in the 119th Congress if McHenry doesn’t get his package across the finish line by the end of the year.
“Crypto’s important. It’s real. It is with us. It’s not going away,” Lucas said. “And we need to have rules and regulation structure. We also need to be mindful about ever-changing technology.”
Like other Republicans on Financial Services, Lucas says Congress must pass legislation for the regulation of cryptocurrency, contrasting with top committee Democrats who say the Securities and Exchange Commission already has the authority to oversee the space.
But Lucas is more wary of cryptocurrency than many GOP colleagues.
“Crypto is still the Wild West,” he said, a comment similar to statements by SEC Chairman Gary Gensler, who has sought to bring the cryptocurrency sector to heel.
“I have constituents who come to my public town hall meetings who are very enthusiastic about crypto because they view it as a way to move their resources, their wealth, their money, however you want to describe it, around in a way that neither the banks, nor the Treasury, nor the IRS can keep track of,” Lucas said. “That same principle also creates opportunities for nefarious people. So there has to be some form of regulation.”
Advances in computing could also pose security risks to cryptocurrencies, which rely on encryption to function, Lucas added.
Underdog
Lucas is a relatively late entrant in the race. He is the longest-serving Republican on the panel and second only to McHenry in seniority. But as chairman of the Science, Space, and Technology Committee, Lucas was barred from leading a Financial Services subcommittee this Congress. He also lags well behind his three rivals in campaign fundraising.
Lucas has raised $835,700 so far this cycle, according to Federal Election Commission data. He raised $1.5 million for the 2022 midterms, less than half the amount each of his opponents raised last cycle. Heading into November, Barr leads the pack on fundraising with $2.6 million, followed by Hill with $2.2 million and Huizenga with $1.9 million.
Lucas dismissed his anemic fundraising numbers.
“The resources follow the position,” he said. “Now that I’m in the race, we’ll see how that affects the fundraising mixture for all of us. But I’m not concerned about that. Whoever prevails will meet their obligations at the NRCC [National Republican Congressional Committee].”
The Steering Committee will consider a range of variables in picking McHenry’s successor, including seniority, regional balance among committee leaders across the conference, legislative track record and relationships with leadership.
But fundraising numbers are crucial, and the Financial Services panel is traditionally seen as a plum opportunity given the deep pockets of the sectors it oversees.
“I have faith in the people who know us well to make a wise decision,” Lucas said. “And those kinds of people don’t respond to contributions. They understand what’s at stake.”
Oklahoma
What could happen if Oklahoma State Superintendent becomes an appointed position
Governor Kevin Stitt has said he wants the State Superintendent of Education to be a governor-elected position instead of an elected one. Political analyst Scott Mitchell examines what this would mean for the state.
Oklahoma Gov. Kevin Stitt is urging lawmakers to send a state question to voters that would make the state superintendent an appointed position, as he named Lindel Fields of Tulsa to the role and announced a turnaround team to help implement his education agenda.
Is the State Superintendent an elected role?
Yes, the State Superintendent of Education is still an elected role. Elections are scheduled for Nov. 3, 2026.
Cons of making the superintendent an appointed position
Mitchell said making this position appointed could cause distrust among some Oklahomans
“Over the years, we’ve seen that capture of regulatory sort of is easy to do when you have term limits, then lobbies become more powerful, and they have all the history. It’s very complicated.
He also said if the position were to be elected, they would likely have the same agenda as the governor.
“Yes, and I think the governor would be absolutely saying, ‘Yes, they’re going to do what I want them to do.’”
Changing how the superintendent is chosen changes what the founding fathers set.
“Voters are going to have to say yay or nay if it gets to them, is whether or not we want to change the way that the founding fathers set up the way that we make sure that power is not concentrated in Oklahoma,” he said.
Is Ryan Walters’ term the reason Stitt wants to make this position appointed?
Mitchell said he believes the former State Superintendent played a role in the government wanting to appoint this position.
During his time as superintendent, Walters was known to have multiple controversies. He resigned in 2025, allowing Stitt to appoint Lindel Fields.
“His impact on this, even though he’s gone, is certainly evident,” said Mitchell. “Walters left midstream, right? And so the governor had a chance to appoint someone. Well, it wasn’t just an appointment; it was chaos before and relative calm and competency after. And that has given the governor an opening for people to see with their own eyes. Yeah, you can put somebody in, we’re talking about Lindel Fields, that appears to get up every day, not trying to find some, get a click on social media, but rather to do his job. And across the board, for the most part, this guy’s getting thumbs up.
Stitt said electing Fields has already given him some leverage since he has been well perceived so far.
“That allows a governor to say, Look, I’ve got some standing, some leverage to go to the voters and say, let’s put expertise as the main reason that a person’s there, not because they were able to win an election because they had some sort of populist or dramatic ideas.”
Who is running for Oklahoma State Superintendent?
Republican Ballot
- Sen. Adam Pugh
- John Cox
- Rep. Toni Hasenbeck
- Ana Landsaw
Democrat Ballot
- Craig Mcvay
- Jennettie Marshall
Independent
To learn more about each candidate, click here.
A full breakdown of candidates in the 2026 Oklahoma State Superintendent race, including party affiliation, background and key education priorities.
Oklahoma
Oklahoma lawmakers propose “Toby Keith Expressway” to honor late country star
An Oklahoma highway could soon be named after the late country superstar, Toby Keith, pending new legislation.
House Concurrent Resolution 1019 would rename a proposed turnpike project the “Toby Keith Expressway.” This roadway is set to be built from Interstate 44 East to Interstate-35, continuing East and North to Interstate 40. This road is a part of the ACCESS Oklahoma Long-Range Plan, which is meant to update and expand the state’s turnpike system.
This resolution was adopted by the House on Wednesday.
“Toby Keith was more than a country music star. He was a proud Oklahoman who never forgot where he came from,” said Rep. Jason Blair, R-Moore. “Naming this turnpike in his honor is a fitting way to recognize a man who represented our state with ultimate patriotism and generosity.”
Keith was born in Clinton, Oklahoma, raised in Moore and resided in Norman. He died on February 5, 2024, in a battle with cancer.
“Over the course of his legendary career, Toby Keith never forgot where he came from or what he stood for,” said Sen. Lisa Standridge, R-Norman. “His Oklahoma roots shaped him, and his love of America defined him. He was a country music superstar and a true patriot. I can think of no better way to honor his memory than by naming this future stretch of Norman turnpike in his honor, creating a lasting tribute to the legacy he leaves behind.”
During his career, Keith sold over 40 million records and more than 20 number-one singles
Legislation authors believe this would commemorate the life and legacy of Toby Keith.
The bill will now head to the Senate.
To read the full House Resolution, click here.
Oklahoma
Oklahoma congressional delegation offer praise to Trump speech
President Donald Trump delivered a 108-minute State of the Union address to a joint session of Congress Tuesday night. The speech celebrated what Trump called a “turnaround for the ages,” highlighting what he says have been broad economic gains over the past year, as well as historic achievements in border security, immigration enforcement and foreign policy. Democrats, in their rebuttal, painted a very different picture, insisting economic conditions have worsened under Trump and that his administration shows little respect for the rule of law while striving to enrich themselves.
The members of the Oklahoma delegation, all Republicans, offered praise for the president and his message:
Sen. James Lankford (interview with Griffin Media):
“Yeah, the President spoke for just less than two hours, but he walked through some key issues that I’ve had a lot of Oklahomans ask about. Where are we on illegal immigration? How are we handling enforcement? Where’s the economy? He spent a tremendous amount of time at the beginning talking about, ‘Here are the change in prices we’ve seen in eggs, in vehicles, in mortgages and inflation rate, and the significant change that that has come down.’ He spent a lot of time talking about international issues at the end, and a lot of time talking about crime and things that Americans really talk about, and I’ve had a lot of Oklahomans ask about at the beginning. So, he spent the first half talking through, I think, the Americans—the kitchen table issues there: crime, economy, where are we going as a country? Starting more jobs, having more opportunities, the tax cut changes that are really affecting a lot of Oklahomans. And then towards the end, spend a lot of time talking about international issues, including Iran. I think he needed to spend a little more time talking about the issues with Iran, since we have such a military build-up there to explain to the American people. This is why this is such a big issue, and he spent the time doing that.”
Rep. Stephanie Bice (interview with Griffin Media):
“Well, I thought it was really an opportunity for the president to talk about what he’s done over the last year and also highlight the wins. You know, we’ve seen so many people impacted by things like border security, the Big Beautiful Bill, you know, economic reform, and so he was really highlighting that tonight…There were some really amazing stories, and it was a feel-good evening. I feel like he really—I think he connected with the American people tonight.”
Rep. Tom Cole (statement)
“Throughout the first year of President Trump’s term as the 47th President of the United States, the President has delivered on the mandate of the American people and truly ushered in the golden age. Tonight, President Trump delivered a powerful speech that illustrated just that.
“At the border, we have seen a complete one-eighty, as illegal “getaways” are down by 95 percent and migrant crossings are down by 99.99 percent. Rampant crime and disorder are turning into safer communities. We have made national security a priority again, making generational investments in America’s defense through the One Big Beautiful Bill and utilizing decisive leadership to make bold but necessary decisions like air striking Iran last year and capturing Venezuelan President Maduro earlier this year.
“I would be remiss not to mention the significant economic strides. The One Big Beautiful Bill provided the largest tax cuts in history and will bring long-lasting financial relief to families, workers, and small businesses. Years of inflation and stagnation are being replaced with renewed growth and a resurgent economy. Measurable progress has been made on cost-of-living pressures, drug costs have been lowered on the consumer, and red tape has been cut for small businesses.
“In just one year, President Trump has turned this country around. Under the previous Administration, our country had turned a blind eye to illegal immigration, we had lost respect on the world stage, and inflation was skyrocketing. Now, the American Dream is back. The United States is strong, prosperous, and respected – and, as President Trump said, the state of our union is strong.”
Rep. Kevin Hern (statement)
“Tonight, President Trump reaffirmed that when we put America first, America wins. At an unprecedented pace, he’s reversed the damage caused by four years of reckless Biden-era policies that sent our nation down the wrong path. Families are now seeing historic tax relief, lower inflation, a secure border, and peace around the world – this is only the beginning. I’m proud to stand alongside President Trump as we continue our work to lower costs, put more money in Americans’ pockets, and strengthen the American Dream for families across the country.”
Rep. Josh Brecheen (statement)
“It was an honor to attend President Trump’s State of the Union address tonight. Congress, alongside President Trump, has fought hard to restore conservative values within our great nation. While there’s still lots of work to be done, I am encouraged by the direction our nation is headed and look forward to the year ahead! The American Dream is possible once again!!!”
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