Wyden Introduces Legislation to Reform Opportunity Zone Program
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced legislation to impose much-needed guardrails and transparency measures on the Opportunity Zone program. “The Opportunity Zone program has been troubled from the start. The Treasury Department has been steering potentially billions in tax breaks to Donald Trump’s friends, and there are no […]
Wyden, Neal Investigate Abuse of Opportunity Zone Program
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and House Ways and Means Chairman Richard E. Neal, D-Mass., have launched an investigation into the Treasury Department’s Opportunity Zone designation of Storey County, Nev., and whether political appointees interfered in the process to potentially steer millions in tax breaks to longtime associates. Wyden […]
Wyden, Neal, Booker, Lewis Request GAO Study on Opportunity Zone Program
Washington, D.C. – Following numerous media reports of possible wrongdoing by senior administration officials in implementing the Opportunity Zone program, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., House Ways and Means Chairman Richard E. Neal, D-Mass., Senator Cory A. Booker, D-N.J., and Ways and Means Oversight Subcommittee Chairman John Lewis, D-Ga., have requested the […]
Wyden Statement on Legislation to Rein in Donald Trump’s Tariff Authority
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement on the status of legislation to limit Donald Trump’s tariff authority under Section 232, in response to a speech by Chairman Chuck Grassley, R-Iowa: “I share the chairman’s goal of legislation to discipline Donald Trump’s erratic use of trade authorities that could […]
Wyden Condemns HHS Rule to Allow Sweeping Taxpayer-Funded Discrimination Nationwide
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today condemned a proposed rule by Department of Health and Human Services (HHS) to allow sweeping taxpayer-funded discrimination nationwide. Under the proposed rule, and accompanying non-enforcement decision, HHS will allow recipients of federal funding to practice prohibited discrimination in the name of religion, effective […]
Wyden Statement on Weakening of Anti-Inversion Rules
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to the Treasury Department weakening the Obama administration’s anti-inversion rules: “The corporations that got a massive taxpayer handout are getting another gift from Donald Trump. The Obama administration had essentially shut down inversions—transactions whose only purpose is to help big […]
Wyden Statement on New Opportunity Zone Reporting Requirements
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to the Treasury Department announcement of new Opportunity Zone reporting requirements: “Requiring taxpayers to prove they’re actually following the rules of the Opportunity Zone program is a positive first step, but it’s one that should have been taken two years […]
Wyden, Menendez Question Administration Delay on Ukrainian Trade Benefits
Washington, D.C. – Sen. Ron Wyden, D-Ore., and Sen. Bob Menendez, D-N.J., the ranking members of the Finance and Foreign Relations Committees, asked whether the White House interfered in decisions regarding trade preferences for Ukraine in a letter to U.S. Trade Representative Robert Lighthizer yesterday. The White House repeatedly delayed restoration of trade benefits to […]
Wyden Introduces Bill to Boost Capital Access for Women-Owned Business
Washington, D.C. –To mark Women’s Small Business Month, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today introduced legislation to expand women entrepreneurs’ access to capital. “Women business owners, particularly women of color, are underestimated, underrepresented and undercapitalized,” Senator Wyden said. “Existing tax incentives do not do nearly enough to help women-owned small businesses. Our […]
Wyden Demands Answers On Possible Request For Political Dirt In China Trade Talks
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today demanded answers from the Trump administration regarding a possible quid pro quo during China trade deal negotiations. In a series of letters addressed to Trump administration officials, Wyden asked if an investigation into Vice President Biden, his son or other political rivals of […]