Budget & Debt

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Romney, Manchin, Warner, Braun Introduce Bipartisan Legislation to Assess U.S. Resilience to Fiscal Shocks

Senators Romney, Manchin (I-WV), Warner (D-VA), and Braun (R-IN) introduced the Reassuring Economic Stability In Light of International, Economic, and Natural Conflicts and Emergencies (RESILIENCE) Act. The bipartisan legislation would require the U.S. Treasury Secretary and OMB Director to conduct annual examinations on the federal government’s ability to respond to hypothetical domestic and international fiscal shocks.

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Romney Highlights & Garners Support for His One Door to Work Act

At a HELP Committee hearing on reauthorization of the Workforce Innovation and Opportunity Act, Senator Romney highlighted the importance of his legislation to lift people out of the social safety net and into the workforce. Romney’s One Door to Work Act would allow states the flexibility to implement Utah’s successful model of consolidating federal workforce development and social safety net programs within a single state entity—like Utah’s Department of Workforce Services—to help unemployed workers reintegrate more quickly into the workforce.

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Romney Joins Bicameral Letter Urging Biden Administration to Withdraw Latest $147 Billion Student Loan Transfer Scheme

Senator Romney, member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, joined Senator Cassidy, M.D. (R-LA), HELP Committee Ranking Member, and Representative Foxx (R-NC), Chairwoman of the House Education and the Workforce Committee, in urging the Department of Education (DeptEd) to withdraw its latest attempt to transfer student loan debt onto American taxpayers. DeptEd’s proposed rule will cost hardworking Americans an additional $147 billion and bring the total student loan debt transferred to taxpayers to as much as $1 trillion.

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Romney Leads Hearing on Cutting Waste, Fraud & Abuse in Federal Government

Senator Romney, Ranking Member of the Homeland Security and Governmental Affairs Committee (HSGAC) Spending Oversight Subcommittee, and Senator Hassan (D-NH), the Subcommittee’s Chair, today led a hearing to examine the 2024 report from the Government Accountability Office (GAO) on ways to reduce duplication, overlap, and fragmentation within the federal government and save taxpayer dollars. During the hearing, Romney highlighted legislation he introduced with Senator Manchin to require employees of federal agencies to return to in-person work after a recent GAO report found that 17 of 24 federal agency headquarters were operating at an average capacity of 25% or less.

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