November 09,2020

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Ashley Schapitl (202) 224-4515

Wyden Statement on New GAO Report on Opportunity Zones

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement on the new Government Accountability Office report on the Opportunity Zone program:Ahsle

“The GAO report again reiterates the complete lack of oversight of the Opportunity Zone program, particularly as compared to other incentive programs. There’s been report after report making this point about the program’s problems. Without better data on business starts, jobs or incomes there’s nothing to show that low-income communities have benefited from the program at all. When Republicans proclaim that the program has been a success, they are engaged in magical thinking, not relying on any data. There’s an urgent need to finally pass legislation and impose some real guardrails. Republicans need to stop putting their donors who are profiting from the program first.”