Nick Khan, President of World Wrestling Entertainment (WWE), testifies 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)

WASHINGTON, DC - APRIL 22: U.S. Sen. Shelley Moore Capito (R-WV) 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: An aide reaches for a note written by U.S. Commerce Secretary Howard Lutnick (L) as he testifies 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)

WASHINGTON, DC - APRIL 22: U.S. Commerce Secretary Howard Lutnick testifies 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)

WASHINGTON, DC - APRIL 22: Ranking member Sen. Chris Van Hollen (D-MD) 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: Subcommittee Chairman Sen. Jerry Moran (R-KS) speaks as ranking member Sen. Chris Van Hollen (D-MD) (L) 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. Commerce Secretary Howard Lutnick testifies 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)

WASHINGTON, DC - APRIL 22: U.S. Commerce Secretary Howard Lutnick testifies 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)