[Congressional Record Volume 171, Number 99 (Tuesday, June 10, 2025)]
[Senate]
[Page S3294]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                       One Big Beautiful Bill Act

  Mr. THUNE. Mr. President, work on reconciliation continues apace. We 
are getting very close to the final bill.
  Since I spoke on the floor on this topic last week, two more 
committees have released their sections of the bill text, the Banking 
Committee under the leadership of Chairman Tim Scott and the Commerce 
Committee under the leadership of Chairman Ted Cruz.
  The Commerce Committee text released on Thursday addresses multiple 
bill priorities, including border security, savings, and the economy. 
On the economy front, the Commerce section of the bill focuses on 
boosting growth and investment by renewing spectrum auction authority 
and freeing up spectrum currently held by Federal Agencies.
  The United States has been a leader in the next-generation 
telecommunications services like 5G and advanced Wi-Fi, and we are on 
track to be a leader in 6G as well. That is going to require both an 
increase in the amount of spectrum available to the private sector and 
using that spectrum as efficiently as possible through AI and other 
technologies.
  Our bill will help meet that need for spectrum and help produce 
thousands of new jobs and billions of investment as a result, to say 
nothing of faster and more affordable internet for Americans.
  This has been a long time coming.
  I am grateful to Chairman Cruz and colleagues from the Armed Services 
and Intel Committees for their continued work to find a way to get this 
done that preserves key national security interests and delivers a win 
for the American people.
  On the border and national security front, the Commerce text 
addresses a key aspect of our domestic security: a strong Coast Guard. 
The Coast Guard secures our ports and waterways, provides support to 
American vessels in need, and plays a crucial role in enforcing 
maritime and immigration law and conducting drug interdictions.
  Our final bill will make a substantial and sorely needed investment 
in the Coast Guard, including funding for desperately needed new ships 
and aircraft and maintenance of Coast Guard facilities.
  Along with promoting safety of the seas, the Commerce text focuses on 
safety in the skies with a significant investment in fixing and 
updating our air traffic control system. The Commerce text also 
eliminates wasteful and unnecessary spending, which is the key focus of 
our bill.
  So that was Thursday.
  On Friday, the Banking Committee released its portion of the bill 
text, and eliminating unnecessary spending took center stage. Chairman 
Scott and Banking Committee Republicans pored over Federal programs to 
identify waste, duplication, and inefficiency and identified billions 
in savings. That includes eliminating the duplicative Office of 
Financial Research, transferring the Public Company Accounting 
Oversight Board's duties to the Securities and Exchange Commission to 
reduce duplication and lower costs, and postponing the implementation 
of duplicative small business lending data reporting requirements.
  The Banking Committee's text also conserves taxpayer dollars by 
returning unused and unobligated funds to the Treasury. On the national 
security front, it authorizes $1 billion for the Defense Production Act 
to boost domestic production of key national security needs.
  I am grateful for the hard work of Chairman Scott, Chairman Cruz, and 
for the hard work of all the members, both on and off the committees, 
who contributed to the Commerce and Banking text.
  We have several more committees delivering texts this week, including 
border security language from the Judiciary Committee and energy 
language from the Energy and Natural Resources Committee.
  Our final bill is rapidly taking shape. I am looking forward to 
considering it on the floor in the very near future. Republicans 
promised to build a stronger, safer, and more prosperous America, and 
we are going to deliver.
  I yield the floor.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The senior assistant legislative clerk proceeded to call the roll.
  Mr. SCHUMER. Mr. President, I ask unanimous consent that the order 
for the quorum call be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.