US Commerce Secretary Howard Lutnick testifies during Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on fiscal year 2027 budget requests on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Sen. Lisa Murkowski (R-AK) looks on during a subcommittee hearing with the Senate Committee on Appropriations in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. U.S. Commerce Secretary Howard Lutnick testified before the subcommittee on Commerce, Justice, Science, and Related Agencies on the Commerce Department's FY2027 budget proposal. (Photo by Anna Moneymaker/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Sen. Lisa Murkowski (R-AK) speaks during a subcommittee hearing with the Senate Committee on Appropriations in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. U.S. Commerce Secretary Howard Lutnick testified before the subcommittee on Commerce, Justice, Science, and Related Agencies on the Commerce Department's FY2027 budget proposal. (Photo by Anna Moneymaker/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Commerce Secretary Howard Lutnick arrives to testify during a subcommittee hearing with the Senate Committee on Appropriations in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Lutnick testified before the subcommittee on Commerce, Justice, Science, and Related Agencies on the Commerce Department's FY2027 budget proposal. (Photo by Anna Moneymaker/Getty Images)

US Commerce Secretary Howard Lutnick testifies during Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on fiscal year 2027 budget requests on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

US Commerce Secretary Howard Lutnick testifies during Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on fiscal year 2027 budget requests on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

(L-R) Timothy Shipman, President of the Association of Boxing Commissions and Combative Sports, US professional boxer Nico Ali Walsh and Nick Khan, President of World Wrestling Entertainment (WWE) testify during a Senate Committee on Commerce, Science, and Transportation hearing to "examine federal boxing laws" on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

US Commerce Secretary Howard Lutnick testifies during Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on fiscal year 2027 budget requests on Capitol Hill in Washington, DC, on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)