Ranking Member Press
Grassley: Credit Suisse Must Embrace Sunlight In Review Of Nazi-Linked Accounts
Floor Remarks by Senator Chuck Grassley of IowaRanking Member, Senate Budget Committee"Credit Suisse Must Fully Investigate Historic Servicing of Nazi Clients"Thursday, September 21, 2023 VIDEO Earlier this year, Chairman Whitehouse and I began bipartisan work to investigate Credit Suisse’s historical servicing of Nazi-linked accounts. Today, I’d like to discuss this important bipartisan work and thank him and his staff for their assistance on this topic. In March of 2020, the Simon Wiesent… Continue Reading
09.20.23
Grassley: Biden Policies Don't Bring Prosperity for All
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Reducing Inequality, Fueling Growth: How Public Investment Promotes Prosperity for All” Wednesday, September 20, 2023 VIDEO Thank you, Mr. Chairman. I appreciate the subject of today’s hearing because I’ve spent my entire Senate career advancing policies that improve the livelihoods of ordinary Americans. As a former chairman of the Finance Committee, I’ve personally sheph… Continue Reading
09.13.23
Grassley Challenges Congress To Exercise Fiscal Responsibility And Good Governance
Floor Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee “On Fiscal Responsibility and Good Government” Wednesday, September 13, 2023 VIDEO In June, Congress passed a bipartisan bill to increase the debt limit and impose meaningful fiscal controls. That law was appropriately titled the Fiscal Responsibility Act. Its passage marked a long-overdue step towards fiscal sanity. I assume you’ve got to go back about a dozen years until Congress has taken such a … Continue Reading
09.13.23
Grassley Discusses Immigration Concerns Raised at County Meetings and Welcomes Iowa Witness to the Budget Committee
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Unlocking America’s Potential: How Immigration Fuels Economic Growth and Our Competitive Advantage” Wednesday, September 13, 2023 VIDEO Over the August break, I completed my annual tour of Iowa. For the 43rd straight year, I held at least onetown hall style meeting in each of Iowa’s 99 counties. These meetings allow me to hear directly from my fellow Iowans about what’s on their minds.… Continue Reading
09.11.23
Grassley Urges Biden Admin to Change Course on Spending Policies Following CBO’s Latest Budget Report
WASHINGTON - Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today issued a statement on the non-partisan Congressional Budget Office’s (CBO) August review. As the end of the fiscal year (FY) approaches, this report paints a more holistic picture of how federal laws have contributed to the dismal economic conditions Americans are experiencing under the Biden administration. “At this rate, the Biden administration might as well be taking money straight from people’s pockets,” Gra… Continue Reading
08.17.23
Credit Suisse Failed to Fully Investigate Nazi-Linked Accounts, Full Report Confirms
WASHINGTON– Persistent and bipartisan oversight by the Senate Budget Committee has exposed new details that show Credit Suisse’sinternal investigation into its servicing of Nazi clients and their enablers was insufficient, allowing the bank to continue to obscure details of its historic servicing of Nazi clients and their enablers. Pursuant to subpoena, the Budget Committee obtained records, which it released in April 2023, that brought to light new evidence that Credit Suisse… Continue Reading
08.16.23
Grassley: Iowans Are Paying More Thanks to Democrats’ Inflation ‘Enhancement’ Act
BUTLER COUNTY, IOWA – One year after President Biden signed into law Democrats' Inflation Reduction Act (IRA), U.S. Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today issued the following statement: “The most effective policymaking happens when legislators of different political ideologies work together on behalf of the American people. When congressional Democrats unilaterally moved a historically massive spending package through the legislative process las… Continue Reading
07.12.23
Grassley At Hearing On Social Security: ‘We’re Finally Talking About Money & Things The Budget Committee Ought To Be Working On’
Opening Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Committee on the Budget Protecting Social Security for All: Making the Wealthy Pay Their Fair Share Wednesday, July 12, 2023 VIDEO Praise the Lord we’re finally talking about money and things the Budget Committee ought to be working on. Thank you, Mr. Chairman, for holding today’s hearing. Social Security solvency is exactly the kind of subject the Budget Committee ought to be reviewing. I hope we use to… Continue Reading
06.28.23
CBO: Projected Record Debt Per Capita Threatens Economic Growth
WASHINGTON -- The Congressional Budget Office (CBO) today released its 2023 Long-Term Budget Outlook. Sen. Chuck Grassley (R-Iowa), ranking member of the Senate Budget Committee, issued the following statement about the report. "This report paints a dire picture of the far-reaching implications of our fiscal status quo. If we don't get serious about reining in spending, reducing annual budget deficits and bringing down the debt, the country will end up spending more on interest payments than th… Continue Reading
06.22.23
Grassley, Whitehouse Recognized For Shining Light On Nazi-Linked Accounts At Credit Suisse
WASHINGTON – The Simon Wiesenthal Center, a global Jewish human rights organization dedicated to confronting anti-Semitism, hate and terrorism, recognized Budget Committee Ranking Member Chuck Grassley (R-Iowa) and Chairman Sheldon Whitehouse (D-R.I.) for their efforts to shine a light on previously-undisclosed Nazi-linked accounts held by Credit Suisse. DOWNLOAD PHOTOS | Members of the Simon Wiesenthal Center present shofars to Sens. Chuck Grassley and Sheldon White… Continue Reading
06.07.23
Grassley Discusses Precision Ag, Biogas with Iowa Witnesses
WASHINGTON – During today’s Budget Committee hearing, Ranking Member Chuck Grassley (R-Iowa) discussed agricultural and energy innovation with two Iowa witnesses who testified at the senator’s invitation. Grassley first questioned Brent Johnson, president of the Iowa Farm Bureau, on the use of precision agriculture to increase crop yields and protect the environment. He then asked Bryan Sievers, chief operating officer of Sievers Family Farms and director of government r… Continue Reading
05.06.23
Grassley, Republican Colleagues Demand to See Spending and Budget Reform Before Raising the Debt Limit
WASHINGTON – Sen. Chuck Grassley (R-Iowa), Ranking Member of the Senate Budget Committee, joined Sen. Mike Lee (R-UT) and 42 Republican senators in committing to oppose increasing the debt ceiling without substantive spending and budget reforms. The notice came in a letter to Senate Majority Leader Chuck Schumer (D-N.Y.). The letter to Schumer is also signed by Sens. John Barrasso (R-Wyo.), Marsha Blackburn (R-Tenn.), John Boozman (R-Ark.), Mike Braun (R-Ind.), Ted Budd (R-N.C.), Sh… Continue Reading
04.18.23
Grassley Opening Remarks at Hearing on Tax Revenue and Dodging
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “A Rigged System: The Cost of Tax Dodging by the Wealthy and Big Corporations” April 18, 2023 Revenues to the federal government are a fundamental part of the budget and a subject that this committee ought to be studying. However, I want to stress that the fundamental problem we have in the federal budget is not one of under taxation, but of overspending. The la… Continue Reading
04.18.23
Credit Suisse Maintained Nazi-Linked Accounts into 21st Century, Subpoenaed Records Show
WASHINGTON, D.C.—Multiple reports shine a new light on Credit Suisse’s historical servicing of Nazi clients and Nazi-linked accounts, which in some cases continued until as recently as 2020. The reports, released by the Senate Budget Committee on Holocaust Remembrance Day, detail a multi-year internal investigation by a forensic research firm retained by Credit Suisse and initially overseen by an Independent Ombudsperson who was inexplicably terminated by the bank during the cou… Continue Reading
03.29.23
Grassley Statement at Hearing on "The Cost of Oil Dependence"
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing: “Left Holding the Bag: The Cost of Oil Dependence in a Low-Carbon World” March 29, 2023 Mr. Chairman, I’ve had the honor of serving Iowa in the Senate for over 40 years. I’ve been in your shoes when I chaired the Finance and Judiciary Committees. I’ve seen plenty of problems facing our nation, and most were resolved through bipartisanship. And bi… Continue Reading
03.15.23
Biden’s Budget Brings More Taxes, More Debt, Less Opportunity, Fewer Resources For Essential Government Services
Prepared Statement by U.S. Senator Chuck Grassley (R-Iowa)Ranking Member, Senate Budget CommitteeHearing on the President's Fiscal Year 2024 Budget ProposalWednesday, March 15, 2023VIDEO Mr. Chairman, I appreciate your holding today’s hearing on the President’s fiscal year 2024 budget. I hope that it will be the first of many hearings focused on our nation’s finances. And I’d like to thank our witness, Director Young, for being here today. Some decades ago when the federal government was… Continue Reading
03.09.23
A Month Late and Trillions Short: Biden’s Budget Charts Unsustainable Course on Federal Spending
WASHINGTON - On March 9, 2023, President Biden released an overview of his fiscal year (FY) 2024 budget request. The Biden Budget attempts to build on the Administration’s false claims of deficit reduction by repackaging unpopular proposals to raise trillions in taxes to cover its continued reckless spending binge. Senate Budget Committee Ranking Member Chuck Grassley issued the following statement: “President Biden’s FY2024 budget proposal is a roadmap to fiscal ruin. From its delayed rol… Continue Reading
03.01.23
Grassley Statement at Hearing on "Rising Seas, Rising Costs"
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Committee on the Budget Hearing on Rising Seas, Rising Costs: Climate Change and the Economic Risks to Coastal Communities March 1, 2023 One week ago, the Congressional Budget Office released its budget and economic outlook. This non-partisan report provides us a much-needed fiscal reality check on the state of our nation’s finances. Grim, dire, bleak. All have been used to describ… Continue Reading
02.15.23
Grassley Statement and Fast Facts on Budget and Economic Outlook
WASHINGTON - The Congressional Budget Office (CBO) today released The Budget and Economic Outlook: 2023-2033. This new report contains CBO’s projections about how the budget and economy will look under existing laws for the next decade. The report also confirmed that the Democrats’ so-called Inflation Reduction Act would in fact add to inflationary pressures over the next two years. Sen. Chuck Grassley (R-Iowa), ranking member of the Senate Budget Committee, issued the following statemen… Continue Reading
02.06.23
Grassley Statement on Biden’s Missed Budget Deadline
WASHINGTON - Sen. Chuck Grassley (R-Iowa), ranking member of the Senate Budget Committee, issued the following statement today after President Joseph R. Biden failed to produce a budget proposal by the statutory deadline. “It’s the first Monday in February and the White House has produced no budget. After two years of abusing the budget process to pursue reckless, partisan spending, we should not be surprised at what has become typical irresponsibility. But that does not mean we should le… Continue Reading
