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)

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)

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)

Nick Khan (R), 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)

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)