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. […]
Wyden and Crapo Release White Paper for Medicare Doctor Pay Reform
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Ranking Member Mike Crapo, R-Idaho, today released a white paper outlining policy concepts related to reforming the way physicians are paid by Medicare and meeting the needs of those with chronic illness. “The way Medicare pays doctors for their work has not kept up […]
Wyden Statement on Biden Administration Announcement on Rescheduling Cannabis
Washington, D.C. — U.S. Senator Ron Wyden, D-Ore., released the following statement today after the Biden administration announced it is officially moving to reschedule cannabis as a Schedule III substance: “It’s official, the Biden administration has taken a historic step toward ending reefer madness and bringing commonsense to federal cannabis policy. Now it’s time to […]