[Congressional Record Volume 162, Number 93 (Monday, June 13, 2016)]
[House]
[Page H3736]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1930
      BRINGING TRANSPARENCY AND ACCOUNTABILITY TO STATE EXCHANGES

  (Mr. ALLEN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ALLEN. Mr. Speaker, I rise to thank the Subcommittee on Health of 
the House Committee on Energy and Commerce for their recent hearing on 
my legislation, H.R. 4262, the Transparency and Accountability of 
Failed Exchanges Act.
  ObamaCare just had its sixth anniversary. In those 6 years, we have 
learned just how disastrous ObamaCare is, exposing its many flaws. One 
of those being when the President freely gave money away to States to 
establish State exchanges, he forgot a major piece of the puzzle. The 
administration failed to provide a solution to recover these funds when 
these State exchanges failed.
  Since then, billions of taxpayer dollars have been spent, and 
exchanges in multiple States have failed.
  Well, what has happened to the money if the exchange failed?
  My legislation establishes a two-step plan to recover Federal funds. 
It conducts an audit to see how and where the money was spent and 
requires unused funds be returned back to the Treasury for needed 
deficit reduction.
  Again, I thank the committee for their interest in H.R. 4262 and 
encourage my colleagues to cosponsor this legislation. It is time to 
bring transparency and accountability to State exchanges.

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