Bipartisan Senate Finance Committee Members Call For Improved Transparency from U.S. Trade Representative; Cite Failure to Consult with Congress on Recent Trade Negotiations
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., Ranking Member Mike Crapo, R-Idaho, and Sen. Bob Menendez, D-N.J., today called on the U.S. Trade Representative to dramatically improve transparency and consultation with Congress on pending trade negotiations, in a letter sent today with Senators Charles Grassley, R-Iowa, Catherine Cortez Masto, D-Nev., and Ben […]
Suspension of 232 Tariffs on Ukrainian Steel
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today praised Commerce Secretary Gina Raimondo’s announcement that the United States will suspend 232 tariffs on Ukrainian steel products: “As Ukraine continues to valiantly fend off Russia’s brutal invasion, it is important that the United States do everything it can to support the Ukrainian economy,” Wyden said. […]
Wyden Delivers Floor Remarks Honoring Senator Orrin Hatch’s Legacy on the Senate Finance Committee
Madam President, I come to the Senate floor today to speak about Senator Orrin Hatch, my partner leading the Senate Finance Committee for five years. The Senate deeply mourns his passing. I would like to take some time today to reflect on the important work he did serving Utahns and all Americans, particularly as it […]
Wyden, Bennet, Colleagues Urge Full Funding of Unemployment Insurance Administration
Washington, D.C.— Senate Finance Committee Chair Ron Wyden, D-Ore., and Senate Finance Committee Member Michael F. Bennet, D-Colo., and 18 colleagues today urged the Appropriations Committee to fully fund President Biden’s request for the administration of unemployment insurance. The significant challenges states faced in distributing unemployment insurance during the pandemic demonstrated the need to increase […]
Wyden Statement on Selection for Competition Legislation Conference Committee
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement, after being named to the conference committee to finalize legislation boosting America’s economic competitiveness and address supply chain issues: “This legislation has the potential to unlock American innovation, and red-white-and-blue jobs, as long as Congress gets it right. The Senate’s […]
Wyden Statement at Finance Committee Hearing with IRS Commissioner Rettig
This morning the Finance Committee meets to discuss the IRS budget for the year ahead and the filing season that’s winding down later this month. Around the country are millions and millions of families who are feeling the pressure of rising prices. This year in particular, people are counting on getting their tax refunds to […]
Wyden, Portman Release Bipartisan Bill to Disallow Foreign Tax Credits and Other Tax Benefits for Companies Operating in Russia
Washington, D.C.—Senate Finance Committee Chair Ron Wyden, D-Ore., and Senate Finance Committee Member Rob Portman, R-Ohio, today released a discussion draft of legislation to disallow Foreign Tax Credits for companies that pay taxes to the Russian government, and other tax benefits. “We have bipartisan agreement on policies to ensure American taxpayers are not subsidizing the […]
Wyden Praises Agreement on Legislation To End Normal Trade Relations With Russia
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today praised a new bipartisan agreement to end normal trade relations with Russia, following weeks of delay by Republican senators. “With every passing day, there are horrific new stories about Russia’s brutality in Ukraine. Civilians slaughtered with their hands tied behind their backs. Corpses bearing […]
Wyden Statement at Finance Committee Hearing Examining the President’s 2023 HHS Budget
The Finance Committee meets this morning with Secretary Becerra to discuss the year ahead for the Department of Health and Human Services. There’s a lot to cover, so I’ll quickly tick through a handful of issues. First, on telehealth. This committee began to open the door to telehealth in Medicare in the CHRONIC Care Act […]
Senator Wyden Continues Investigation into Big Pharma Tax Practices
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today continued his investigation into Big Pharma’s tax practices, and how loopholes in the tax code have allowed large multinational corporations headquartered in the U.S. to further abuse tax havens and avoid paying U.S. taxes on prescription drug sales. While U.S. sales account for 46 […]