Wyden Statement on New Technology-Neutral Energy Tax Guidance
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement on new guidance from the Treasury Department on technology-neutral energy tax credits he wrote in the Inflation Reduction Act: “After cap and trade failed in 2010, I went back to the drawing board to come up with an approach that […]
Wyden, Bipartisan Finance Members Outline Proposal to Improve Medicare Physician Training to Reduce Workforce Shortages
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today along with seven bipartisan members of the Finance Committee released a policy outline describing improvements to the Medicare Graduate Medical Education (GME) program to address physician workforce shortages across the country, primarily related to primary care and psychiatry, and to improve the distribution of […]
Finance, Budget Committees Launch Joint Investigation into Donald Trump’s Quid Pro Quo Offer to Big Oil
Washington, D.C. – Following reports that former President Donald Trump made quid pro quo propositions to Big Oil executives—promising to roll back climate policies if he were re-elected in exchange for donations to his campaign— Senate Finance Committee Chair Ron Wyden, D-Ore., and Senate Budget Committee Chairman Sheldon Whitehouse, D-R.I., are demanding answers from nine […]
Wyden Statement at Finance Committee Hearing on Fentanyl and Combating Addiction through Prevention and Treatment
This morning the Finance Committee gathers to discuss the scourge of the deadly synthetic opioid fentanyl. Fighting fentanyl requires fitting all of the pieces of the puzzle together. Already this year, Congress has acted to disrupt the flow of fentanyl from other countries like China, thanks to the work of Senator Brown. Today, the Committee […]
During Foster Care Awareness Month, Wyden Convenes Hearing on Successes, Roadblocks and New Opportunities to Keep Families Together
Over a decade ago, the Finance Committee decided it was time to do something to improve our nation’s approach to foster care and help families stay together. Back then, it was clear that there were two options: keeping a kid in a home where there were serious problems, or take them away from their family […]
Top Democrats on Senate Finance and House Ways and Means Committees Urge Administration to Upgrade Trade Talks with Kenya to a Comprehensive Trade Agreement
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways and Means Committee Ranking Member Richard Neal, D-Mass., called on U.S. Trade Representative Katherine Tai to transition current trade discussions with Kenya into negotiations of a comprehensive, enforceable trade agreement, in a letter today. Although the Biden administration is in discussions for […]
Wyden Urges CMS to Crack Down on Fraudulent Health Plan Changes
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., sent a letter to Centers for Medicare & Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure urging CMS to enforce civil monetary penalties established by Congress on brokers who submit fraudulent enrollments for a health plan. The senator also urged CMS to take additional steps, such as […]
Wyden Hearing Statement on Child Savings Accounts and Economic Opportunity for Kids
The Finance Committee has a long, bipartisan tradition of working together on issues related to helping people save. This morning’s hearing, with a focus on child savings accounts and other savings programs for kids, is another opportunity for the committee to bring fresh ideas forward. There are a few key issues underpinning this discussion. First, […]
Wyden Expands Big Pharma Tax Investigation with Pfizer Inquiry
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., expanded his ongoing investigation into Big Pharma’s tax avoidance and profit shifting with a new letter sent on Monday to the CEO of Pfizer. An analysis by the Finance Committee of Pfizer’s SEC filings found that the company’s effective tax rate fell by 75 percent […]
Automakers Shipped Cars and Parts Made by Chinese Company Banned for Forced Labor to the United States; Car Companies Are Failing to Police Their Supply Chains For Chinese Components Made with Forced Labor, Finance Committee Majority Staff Investigation Finds
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., revealed major gaps in automakers’ oversight of forced labor in their supply chains—including two companies that shipped cars or parts to the United States this year that were made with parts from a banned Chinese supplier—as part of a two-year Democratic staff investigation released today. […]