Finance Committee Releases Chairman’s Mark Ahead of Wednesday PBM Markup
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Ranking Member Mike Crapo, R-Idaho, today released the Chairman’s Mark of the Modernizing and Ensuring PBM Accountability (MEPA) Act, bipartisan legislation aimed at updating federal prescription drug programs to address pharmacy benefit manager practices that have grown increasingly complex and opaque in recent years […]
Wyden Unveils Ongoing Investigation Into Private Equity Billionaire Leon Black’s Tax Planning and Financial Ties with Jeffrey Epstein
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden (D-Ore.) today unveiled an ongoing investigation into the tax and estate planning of Apollo Global Management Co-founder Leon Black and his financial dealings with Jeffrey Epstein, who advised Black on those matters. The investigation has uncovered serious tax issues and other concerns with trusts and structures […]
Wyden Demands Answers from Social Security Watchdog After Declining Performance, Whistleblower Retaliation
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., sent a letter to Social Security Administration (SSA) Inspector General Gail Ennis regarding a series of complaints from current and former staff about the management of the office as the watchdog for Social Security. “The Finance Committee has received complaints from current and former staff […]
Wyden Statement at Finance Committee Health Subcommittee Hearing on Organ Transplantation Reform
Today’s Health Subcommittee hearing marks an important continuation of the Finance Committee’s work to improve the organ transplantation system so it works on behalf of all Americans and their families who are in desperate need of a life-saving organ. Chairman Cardin has been a tireless champion for this cause and I look forward to continuing […]
Senate Finance Committee Leaders Praise Passage of Bill to Approve Taiwan Trade Agreement
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Mike Crapo, R-Idaho, today praised the Senate’s passage of their legislation to approve the first trade agreement signed under the U.S.-Taiwan Initiative on 21st-Century Trade and set robust transparency and consultation requirements for any future agreements negotiated under the initiative. The bill, […]
Wyden Statement on OECD Global Minimum Tax Guidance Benefitting U.S. Taxpayers
Washington, D.C.— Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the new guidance from the OECD related to the global minimum tax agreement: “There are concrete wins for American taxpayers and businesses in this announcement, particularly for companies involved in our clean energy sector that’s booming as a result of the Inflation […]
Wyden Statement on IRS Rooting Out Wealthy Tax Cheats
Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the announcement that the IRS had successfully closed 175 delinquent tax cases involving millionaires: “Democrats promised better taxpayer service and a crackdown on wealthy tax cheats when we passed the Inflation Reduction Act, and this new report shows that the IRS […]
Wyden, Crapo Announce Finance Markup of Pharmacy Benefit Manager Proposals
Washington, D.C. – Senate Finance Committee Chair Ron Wyden (D-Ore.) and Ranking Member Mike Crapo (R-Idaho) today announced that the committee will mark up legislative proposals to modernize and enhance federal prescription drug programs on Wednesday, July 26th at 2 p.m. The committee package will focus on addressing pharmacy benefit manager practices that have grown […]
Wyden, Crapo Solicit Policy Input on Taxation of Digital Assets
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden, D-Ore., and Finance Committee Ranking Member Mike Crapo, R-Idaho, today launched an effort to address uncertainties surrounding the tax treatment of digital assets with an open letter seeking input from experts, stakeholders and interested parties. “The rapid emergence of digital assets has raised novel regulatory issues, […]
Wyden Statement on Supreme Court Hearing Moore v. United States
Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the announcement that the Supreme Court will hear Moore v. United States, a case dealing with the parameters of Congressional authority to levy taxes: “The petitioners in Moore are hoping the Supreme Court will toss out a Ninth Circuit ruling along […]