[Congressional Record Volume 172, Number 94 (Wednesday, June 3, 2026)]
[House]
[Pages H3783-H3793]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
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PROVIDING FOR CONSIDERATION OF H.R. 8646, AGRICULTURE, RURAL
DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCY
APPROPRIATIONS ACT, 2027; PROVIDING FOR CONSIDERATION OF H.R. 7726, NO
FUNDS FOR REPEAT CHILD CARE VIOLATIONS ACT OF 2026; PROVIDING FOR
CONSIDERATION OF H.R. 7892, NO AID FOR GHOST STUDENTS ACT OF 2026; AND
PROVIDING FOR CONSIDERATION OF H.R. 8872, PREVENTING WASTE, FRAUD, AND
ABUSE IN TANF ACT
Mrs. HOUCHIN. Madam Speaker, by direction of the Committee on Rules,
I call up House Resolution 1333 and ask for its immediate
consideration.
The Clerk read the resolution, as follows:
H. Res. 1333
Resolved, That at any time after adoption of this
resolution the Speaker may, pursuant to clause 2(b) of rule
XVIII, declare the House resolved into the Committee of the
Whole House on the state of the Union for consideration of
the bill (H.R. 8646) making appropriations for Agriculture,
Rural Development, Food and Drug Administration, and Related
Agencies programs for the fiscal year ending September 30,
2027, and for other purposes. The first reading of the bill
shall be dispensed with. All points of order against
consideration of the bill are waived. General debate shall be
confined to the bill and shall not exceed one hour equally
divided and controlled by the chair and ranking minority
member of the Committee on Appropriations or their respective
designees. After general debate the bill shall be considered
for amendment under the five-minute rule. The bill shall be
considered as read. Points of order against provisions in the
bill for failure to comply with clause 2 or clause 5(a) of
rule XXI are waived.
Sec. 2. (a) No amendment to H.R. 8646 shall be in order
except those printed in the report of the Committee on Rules
accompanying this resolution, amendments en bloc described in
section 3 of this resolution, and pro forma amendments
described in section 4 of this resolution.
(b) Each amendment printed in the report of the Committee
on Rules shall be considered only in the order printed in the
report, may be offered only by a Member designated in the
report, shall be considered as read, shall be debatable for
the time specified in the report equally divided and
controlled by the proponent and an opponent, shall not be
subject to amendment except as provided by section 4 of this
resolution, and shall not be subject to a demand for division
of the question in the House or in the Committee of the
Whole.
(c) All points of order against amendments printed in the
report of the Committee on Rules or against amendments en
bloc described in section 3 of this resolution are waived.
Sec. 3. It shall be in order at any time for the chair of
the Committee on Appropriations or his designee to offer
amendments en bloc consisting of amendments printed in the
report of the Committee on Rules accompanying this resolution
not earlier disposed of. Amendments en bloc offered pursuant
to this section shall be considered as read, shall be
debatable for 20 minutes equally divided and controlled by
the chair and ranking minority member of the Committee on
Appropriations or their respective designees, shall not be
subject to amendment except as provided by section 4 of this
resolution, and shall not be subject to a demand for division
of the question in the House or in the Committee of the
Whole.
Sec. 4. During consideration of H.R. 8646 for amendment,
the chair and ranking minority member of the Committee on
Appropriations or their respective designees may offer up to
10 pro forma amendments each at any point for the purpose of
debate.
Sec. 5. At the conclusion of consideration of H.R. 8646
for amendment the Committee shall rise and report the bill to
the House with such amendments as may have been adopted. The
previous question shall be considered as ordered on the bill
and amendments thereto to final passage without intervening
motion except one motion to recommit.
Sec. 6. Upon adoption of this resolution it shall be in
order to consider in the House the bill (H.R. 7726) to amend
the Child Care and Development Block Grant Act of 1990 to
withhold funds from noncompliant States under such Act. All
points of order against consideration of the bill are waived.
In lieu of the amendment in the nature of a substitute
recommended by the Committee on Education and Workforce now
printed in the bill, an amendment in the nature of a
substitute consisting of the text of Rules Committee Print
119-32 shall be considered as adopted. The bill, as amended,
shall be considered as read. All points of order against
provisions in the bill, as amended, are waived. The previous
question shall be considered as ordered on the bill, as
amended, and on any further amendment thereto, to final
passage without intervening motion except: (1) one hour of
debate equally divided and controlled by the chair and
ranking minority member of the Committee on Education and
Workforce or their respective designees; and (2) one motion
to recommit.
Sec. 7. Upon adoption of this resolution it shall be in
order to consider in the House the bill (H.R. 7892) to amend
the Higher Education Act of 1965 to require to the Secretary
of Education to use an identity fraud detection system to
review each FAFSA to determine whether the FAFSA presents a
reasonable suspicion of identity fraud. All points of order
against consideration of the bill are waived. In lieu of the
amendment in the nature of a substitute recommended by the
Committee on Education and Workforce now printed in the bill,
an amendment in the nature of a substitute consisting of the
text of Rules Committee Print 119-31 shall be considered as
adopted. The bill, as amended, shall be considered as read.
All points of order against provisions in the bill, as
amended, are waived. The previous question shall be
considered as ordered on the bill, as amended, and on any
further amendment thereto, to final passage without
intervening motion except: (1) one hour of debate equally
divided and controlled by the chair and ranking minority
member of the Committee on Education and Workforce or their
respective designees; and (2) one motion to recommit.
Sec. 8. Upon adoption of this resolution it shall be in
order to consider in the House the bill (H.R. 8872) to amend
part A of title IV of the Social Security Act to target funds
to low-income families, strengthen program integrity
guardrails for State expenditure of
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funds, require measurement of improper payments, and
establish goals for eliminating fraud and improper payments
under the program of block grants to States for temporary
assistance for needy families, and for other purposes. All
points of order against consideration of the bill are waived.
The amendment in the nature of a substitute recommended by
the Committee on Ways and Means now printed in the bill shall
be considered as adopted. The bill, as amended, shall be
considered as read. All points of order against provisions in
the bill, as amended, are waived. The previous question shall
be considered as ordered on the bill, as amended, and on any
further amendment thereto, to final passage without
intervening motion except: (1) one hour of debate equally
divided and controlled by the chair and ranking minority
member of the Committee on Ways and Means or their respective
designees; and (2) one motion to recommit.
The SPEAKER pro tempore. The gentlewoman from Indiana is recognized
for 1 hour.
Mrs. HOUCHIN. Madam Speaker, for the purpose of debate only, I yield
the customary 30 minutes to the gentleman from Massachusetts (Mr.
McGovern), pending which I yield myself such time as I may consume.
During consideration of this resolution, all time yielded is for the
purpose of debate only.
General Leave
Mrs. HOUCHIN. Madam Speaker, I ask unanimous consent that all Members
may have 5 legislative days in which to revise and extend their
remarks.
The SPEAKER pro tempore. Is there objection to the request of the
gentlewoman from Indiana?
There was no objection.
Mrs. HOUCHIN. Madam Speaker, I yield myself such time as I may
consume.
Madam Speaker, last night, the Rules Committee met and reported out a
rule, House Resolution 1333, providing for the House's consideration of
four bills.
First, the rule provides for H.R. 8646, the Agriculture, Rural
Development, Food and Drug Administration, and Related Agencies
Appropriations Act, to be considered under a structured rule, with 26
amendments made in order. It provides 1 hour of debate, equally divided
and controlled by the chair and ranking minority member of the
Committee on Appropriations or their respective designees, and provides
for one motion to recommit.
Second, the rule provides for H.R. 7892, the No Aid for Ghost
Students Act, to be considered under a closed rule. It also provides 1
hour of debate, equally divided and controlled by the chair and ranking
minority member of the Committee on Education and Workforce or their
respective designees, and provides for one motion to recommit.
Third, the rule provides for H.R. 7726, the No Funds for Repeat Child
Care Violations Act of 2026, to be considered under a closed rule. It
also provides 1 hour of debate, equally divided and controlled by the
chair and ranking minority member of the Committee on Education and
Workforce or their respective designees, and provides for one motion to
recommit.
Finally, the rule provides for consideration of H.R. 8872, the
Preventing Waste, Fraud, and Abuse in TANF Act, under a closed rule. It
provides 1 hour of debate, equally divided and controlled by the chair
and ranking minority member of the Committee on Ways and Means or their
respective designees, and provides for one motion to recommit.
Madam Speaker, I rise in support of this rule and in support of the
underlying legislation. The legislation before us this week reflects a
straightforward principle: Federal programs should serve the people
they were intended to serve. Taxpayer dollars should be spent
responsibly, transparently, and accountably.
It should be easy for this simple but important effort to be pursued
in an overwhelmingly bipartisan fashion, yet my Democratic counterparts
will undoubtedly oppose these bills. In doing so, they will be voting
to perpetuate rampant fraud, but that is no surprise since the States
flagged for massive amounts of fraud are led by Democratic Governors
and State legislatures. Why would they want to clamp down on the fraud
Democrats helped perpetuate?
Every week, during debate on the rule, Democrats will use a technique
we refer to as gaslighting to accuse and blame Republicans for their
own egregious behavior. Let's remember that it was President Biden who
eased the rules around Federal childcare billing, which resulted in
spending double in some facilities in Minnesota while enrollment stayed
flat.
Here we are, doing much more than combating fraud in our legislative
package this week. Together, these measures strengthen oversight, close
loopholes that have enabled fraud and abuse, support rural America, and
ensure Federal resources are reaching the families, students, workers,
and communities they were designed to help.
Let me begin with the Agriculture, Rural Development, Food and Drug
Administration, and Related Agencies Appropriations Act. The bill makes
targeted investments in the programs that matter most to producers,
consumers, and rural communities. It continues to support agricultural
research, rural development initiatives, and the critical food safety
infrastructure that Americans rely on every day.
For States like Indiana, where agriculture remains one of the largest
economic drivers, these investments will yield tangible results.
Whether it is supporting corn and soybean producers, livestock
operations, food processors, or rural small businesses, this
legislation strengthens the industries that sustain local economies and
help feed the world.
This bill recognizes a simple reality: Food security is national
security. Foreign adversaries are increasingly looking to buy up
American farmland, influence our food supply, and gain access to
critical agricultural resources. This legislation takes important steps
to increase oversight on foreign ownership of U.S. farmland,
safeguarding against foreign influence and protecting American
agriculture from emerging threats.
In addition to these wins, I am proud we secured over $3 million in
community project funding in this bill for Indiana's Ninth
Congressional District. This funding will support projects, including
critical upgrades to wastewater systems in Borden and Moorefield,
expanded sewer service in Greenville, and replacing aging stormwater
pipe in Austin.
These projects reflect priorities identified by local leaders and
will deliver much-needed updates to aging infrastructure, which will
expand economic development opportunities and improve quality of life
across the district.
I thank Chairmen Cole and Harris for their work on this legislation
and urge my colleagues to support it.
Also included in the rule is the No Aid for Ghost Students Act.
Federal student aid was created to help Americans earn a degree, learn
a trade, and build a better future. It was never intended to become a
slush fund for fraudsters or identity thefts, and that is exactly what
is happening.
Bad actors are exploiting the system by using stolen or fake
identities to submit FAFSA applications, enroll in classes, collect
taxpayer-funded financial aid, and disappear once the money has been
issued. The result is millions of taxpayer dollars lost to fraud. Every
dollar stolen by a fraudster is a dollar taken away from a student
trying to improve their future.
Under the leadership of Secretary Linda McMahon, the Department of
Education has already prevented more than $1 billion in attempted
student aid fraud through stronger identity verification and fraud
detection measures.
This bill builds on that success by making sure taxpayer dollars go
to students, not scammers. It strengthens identity verification
requirements, requiring schools to verify suspicious applicants before
aid is distributed, and it holds institutions accountable when basic
safeguards are ignored. We need to restore the integrity of the Federal
student aid system and ensure taxpayer dollars reach the students they
were intended to help.
Next, Madam Speaker, I will turn to the Stop Child Care Scams Act.
Childcare assistance programs are designed to help working parents
afford quality childcare so they can provide for their families and
pursue economic opportunity. These programs are a lifeline for millions
of Americans, but when taxpayer dollars are lost to fraud, it is not
just taxpayers who suffer. The families who depend on these services
suffer, too.
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For years, the Child Care and Development Block Grant program has
been vulnerable to waste, fraud, and abuse, yet despite repeated
warnings, hundreds of millions of taxpayer dollars remain at risk.
Recent reports have uncovered troubling instances where providers
received Federal childcare assistance funds without actually serving
eligible children and families. Shockingly, during a congressional
Oversight Committee hearing, Minnesota Governor Tim Walz recently
admitted his State had known about the fraud in its childcare
assistance program since 2012 yet took no action. That is unacceptable.
When that happens, families who rely on these services are the ones
who ultimately suffer, particularly the hundreds of thousands of
families in need of childcare assistance vouchers currently sitting on
a waiting list.
The Stop Child Care Scams Act takes commonsense steps to protect both
taxpayers and families. It cracks down on providers who attempt to game
the system by increasing transparency, strengthening oversight, and
adding additional auditing requirements.
Just as importantly, it helps ensure providers caught committing
fraud in one program cannot simply move to another State or locality
and continue their theft of taxpayer dollars.
My Democrat colleagues are going to say this bill is going to make
childcare assistance less available. In fact, it does the opposite. It
helps ensure these resources reach the children, parents, and providers
they were intended to serve, protecting them from being siphoned off by
fraudsters.
Lastly, let's turn to the Preventing Waste, Fraud, and Abuse in TANF
Act. For nearly three decades, the Temporary Assistance for Needy
Families program has helped low-income families meet basic needs while
promoting the values of work, personal responsibility, and self-
sufficiency.
A key strength of TANF has always been the flexibility it provides to
States to decide how these funds will best be used.
Congress intentionally designed the program to allow States to tailor
services and benefits to the unique needs of their communities, rather
than relying on a one-size-fits-all, top-down Federal approach. But as
we have already discussed, flexibility must be accompanied by
accountability.
Today, TANF is one of the few major Federal assistance programs that
is not required to measure and report improper payments under Federal
program integrity laws. Let me repeat that. Under TANF, States are not
required to report improper payments.
As a result, taxpayers and policymakers often lack basic information
about how these funds are being spent and whether these resources are
actually reaching the families they are intended to serve.
Recent Government Accountability Office reports have uncovered a
major oversight failure within the TANF program that should concern
every taxpayer. This bill requires accountability while still
preserving State flexibility. It requires States to track and report
improper payments, helps identify and reduce waste and fraud, and
ensures Federal funds are directed toward the low-income families that
they were designed to serve.
A common thread, Mr. Speaker, among each of these bills before us
today is that taxpayer dollars should be used responsibly, and
taxpayers should have confidence that their hard-earned dollars are
being spent for the purposes intended, safeguarding limited resources
and directing them to where they are needed most.
Mr. Speaker, I urge my colleagues to support the rule and the
underlying bills, and I reserve the balance of my time.
Mr. McGOVERN. Mr. Speaker, I want to thank the gentlewoman from
Indiana for yielding me the customary time, and I yield myself such
time as I may consume.
Mr. Speaker, Republicans with a straight face come to this floor and
pretend that these bills are about fraud, waste, and abuse.
What a crock that is.
I mean, you want to talk about fraud, Mr. Speaker? Let's talk about
fraud. Let's talk about a President who had to pay $25 million after
students got defrauded by Trump University.
Let's talk about how Trump and his family have made more than $4
billion since he became President through crypto schemes, corrupt
foreign deals, self-dealing government contracts, shady real estate
transactions, and pump-and-dump stock schemes.
Let's talk about the sweetheart deals, the pardons, the loopholes,
the contracts, the favors, the corrupt giveaways that seem to follow
this administration everywhere it goes.
If my Republican friends want to come down here and lecture America
about waste, fraud, and abuse, then they should answer a very simple
question: Do they support the deal that gives Donald Trump and his
family blanket immunity from Federal investigation or prosecution?
Do they support what amounts to be an unlimited stack of get-out-of-
jail-free cards for tax crimes, insider trading, bribes, kickbacks,
sweetheart contracts, or any other crimes that could be investigated by
the Federal Government?
Is their answer yes or no?
I mean, I am outraged by this, and I think it is corrupt as hell. I
think the American people deserve to know why Republicans are so
obsessed with attacking poor people but suddenly lose their voice when
Donald Trump uses the Federal Government like his own personal
protection racket.
That is not what Republicans want to talk about. Their idea of
cracking down on fraud is simple: Go after people with the least so
they can give more to those at the top. Go after poor families. Go
after hungry kids. Go after students trying to get an education. Go
after parents trying to afford childcare. Go after pregnant women who
need help buying food.
That is what these bills do. That is what these bills do. So let's go
through them one by one.
Their TANF bill does not help one struggling family. It gives the
Trump administration more power to make the safety net harder to use
and easier to weaponize.
Their childcare bill does not bring down the cost of childcare by one
penny, not one. It just adds more red tape and more paperwork.
Their student aid bill does not help students. It gives more power to
a Department of Education Secretary who has shown zero interest in
helping students. It lets them freeze aid based on a barely tested
system. And by the way, CBO says it saves taxpayers nothing, zero.
Then we have the agriculture funding bill, and this one is especially
rotten. I serve on the Agriculture Committee. I represent farmers. I
represent rural communities. I have spent my career fighting hunger, so
I know what this bill does.
It hurts farmers. It hurts rural America, and it is a disaster for
hungry families.
At the exact moment when families are getting crushed at the grocery
store because Trump's economy sucks, Republicans are making it harder
for them to buy food.
At the exact moment when farmers are getting squeezed by Trump's
tariffs and Trump's war, Republicans are gutting the programs that
support them.
At the exact moment when inflation is up and we should be talking
about bringing prices down, Republicans are screwing over middle
America.
Republicans promised prices would come down on day one. Do you
remember that? Well, here we are a year and a half in, and everything
is up. Groceries are up. Energy costs are up. Inflation is up.
Their answer to pregnant women paying higher grocery costs is to cut
WIC by $200 million, to take nutrition help away from pregnant women
and little kids. Who asked for that? Who asked for you to cut one of
the most basic, effective, profamily programs that we have? WIC helps
pregnant women stay healthy. It helps babies grow. It helps new moms.
It helps them buy milk and eggs and vegetables and formula and healthy
food, and Republicans want to gut it.
By the way, they want to totally decimate the fruit and veggie
voucher, which since 2007 has helped make sure moms of newborns can
afford to eat healthy food.
Mr. Speaker, why would you eliminate that? At a time when fruits and
veggies are getting more expensive,
[[Page H3786]]
why would you slash a benefit to help prevent postpartum moms from
being malnourished because they can't afford healthy food?
I mean, Republicans can always find money for another illegal war.
They can always find money for billionaire tax breaks. They can always
find money for corporate giveaways. But fruits and veggies for a
pregnant or postpartum mom, formula for a baby, food for toddlers, then
they have a problem?
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What the hell is wrong with these people, Mr. Speaker?
I thought they wanted to Make America Healthy Again. I do, too, but
here is the problem, Mr. Speaker: You can't say that you care about
children's health while cutting the program that makes sure kids can
eat healthy. You can't say that you care about wellness while voting
for a bill that will malnourish our communities.
This bill does not stop there. It weakens support for Food for Peace,
a program that feeds people facing famine around the world. It is a
program that buys from American farmers. It is a program that shows the
world that America can still do something decent and humane.
Why cut that? Whom does that help?
What kind of people look at hungry kids here at home, struggling
farmers, and rural towns begging for investment and say: Sorry, we need
the money for billionaires, for slush funds, for White House
renovations, and for an illegal war?
I will ask again: What the hell is wrong with them?
Mr. Speaker, their entire agenda is about supporting those at the
very top, the Mar-a-Lago class, and the hell with everyone else.
This rule deserves a ``no'' vote, and this cruel, upside-down agenda
deserves to be rejected.
Mr. Speaker, I reserve the balance of my time.
The SPEAKER pro tempore (Mr. Rogers of Alabama). Members are reminded
to refrain from engaging in personalities toward the President.
Mrs. HOUCHIN. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, let's be clear. This bill provides $8 billion for WIC
which is the level needed to serve expected participation.
As the Appropriations Committee crafted this bill, they worked with
USDA and OMB to get the most recent program data. This funding level
reflects that participation, participation that has been declining, and
it is not projected to be as high as originally estimated for fiscal
year 2027. USDA also expects to have sufficient carryover funds.
Remember, Mr. Speaker, WIC is 2-year funding, and they expect to
recover more unspent funds from the States. With the lowered
participation estimates and increased carryover funds, $8 billion will
fully fund the program full stop. It is completely false to believe
that there will be people kicked off of the program. Funding this at
the level necessary to meet the need is exactly what we are doing in
this bill.
Mr. Speaker, I yield 2 minutes to the gentleman from Florida (Mr.
Haridopolos).
Mr. HARIDOPOLOS. Mr. Speaker, what I did notice across the aisle here
is that they didn't defend what happened.
What happened? The people stole money.
This isn't a theory. It is a reality. In Minnesota, a person was
recently convicted and will serve now 41 years in prison because they
committed fraud.
These bills are simply designed to show the reality that people are
stealing money from people who make America work every single day.
There was no defense here. It was just the usual hyperbole, the same
hyperbole that brought us 9 percent inflation, the same hyperbole that
doubled interest rates, and the same hyperbole that raised food prices.
It is the reason why we are now in the majority.
Voters simply want accountability, and they want action. That is
exactly what we provide.
We help people who are truly in need and don't turn a blind eye to
fraud.
Now we all know why they hated DOGE. It is because it exposed fraud.
That is why they didn't like it. We finally put the lights on and said:
Hey, enough is enough.
That is why we are here today to talk about fraud. It is because a
society that tolerates fraud weakens the bonds of trust that hold this
Nation together.
It is not just in healthcare. It is now even in education. For those
who don't know, I used to be a teacher, and I know the ultimate civil
right is a fantastic education. Now, because of identity theft, people
are taking money from those people who want to improve their lives for
the better by getting a first-class education.
This is the most commonsense bill that we have had in the 2 years
that I have been here. I am proud to support this so the folks who
truly need the resources will finally get the resources.
Mr. McGOVERN. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I want to respond to the gentlewoman's comments about
WIC. It is really hard for me to believe that I am hearing Republicans
speak in the way they are.
Let me begin with a basic lesson in economics. First of all, Mr.
Speaker, USDA's April 2026 Food Price Outlook makes it clear that
prices are not down, they are up. They are skyrocketing. Food prices
are up 2.7 percent from last year. Restaurant prices are up 3.8
percent. Beef and veal prices are up over 12 percent. Fresh vegetables
are up 7.5 percent. Nonalcoholic beverages are up 4.7 percent, and
grocery prices, overall, have gone way up.
These are not my talking points. These are not Democratic talking
points. These are the Trump administration's own numbers. After 16
months of total Republican control of Washington, of everything, you
control the House, you control the Senate, and you control the White
House, these guys passed tax breaks for millionaires and billionaires.
They imposed the tariffs which are one of the reasons why food prices
are going up. They started a war that is driving up food and gas
prices.
While they tried to put a good face on all of this, the bottom line
is they are at fault here.
Pregnant moms' groceries are going up. The food that they need for
themselves and for their babies are not going down. They are going up.
By the way, hunger, I should point out to the gentlewoman, is getting
worse in this country. It is getting worse. Mr. Speaker, 48 million
Americans are food insecure, including 14 million kids. That is what
Republican economic policies have done. It is a national catastrophe,
and this Republican Congress is doing everything it can to make hunger
even worse.
Let me just say this: WIC helps pregnant women. It helps postpartum
moms and babies eat nutritious food. It used to be bipartisan. Even the
MAHA report talked about the health benefits of the program, and WIC
participation has been steadily increasing.
Now, to the gentlewoman's point, there was a slight dip in
participation thanks to the Republican government shutdown. If my
friends did their homework and did their research and cared about
facts, then they would know that. However, the National WIC
Association, the voice of 12,000 service providers across the country,
have scientific modeling that tells us that participation is expected
to continue climbing.
It makes sense. It makes sense given the fact that food prices are
going through the roof. People can't afford their basic necessities. We
have been in situations in the past where WIC almost ran out of money.
Providers, States, and families were scrambling. New moms were worried
that their toddlers wouldn't have access to food. I don't think it is a
radical idea to want to make sure that the program is fully funded.
This is also something the gentlewoman hasn't responded to, can
somebody explain to me why Republicans are cutting the fruit and
vegetable benefit that used to be in this bill? What sense does that
make?
Mr. Speaker, I reserve the balance of my time.
Mrs. HOUCHIN. Mr. Speaker, I am happy to hear my colleague
acknowledge that pregnant women carry babies.
Mr. Speaker, I yield 3 minutes to the gentleman from Ohio (Mr.
Taylor).
Mr. TAYLOR. Mr. Speaker, I thank Representative Houchin for yielding
the time.
[[Page H3787]]
Mr. Speaker, I rise today in support of the rule, which includes H.R.
8646, the Agriculture, Rural Development, Food and Drug Administration,
and Related Agencies Appropriations Act of 2027.
Through this bill, Republicans are making critical investments in
American agriculture, considering to fund broadband expansion programs
in rural regions like mine in Appalachian Ohio, and providing funding
for critical community projects. Counties like those in my district
have been left behind for too long when it comes to internet
connectivity and repairing water infrastructure that our communities
rely on every day. This bill delivers long-overdue support for rural
Ohio families so they can have the tools they need to thrive.
Four of my community project funding requests are included in this
bill, which would bring $2.5 million back to Ohio's Second
Congressional District to fund vital projects, including freshwater
infrastructure, outdated wastewater systems, and workforce training,
leading to well-paying jobs for the poorest Ohioans. These funds are
critical to improving the quality of life for Ohio families in my
district, their access to education and employment opportunities, and
will make our region a better place to live, work, and raise a family.
In regard to broadband, this bill encourages USDA to coordinate
closely with the National Telecommunications and Information
Administration to avoid duplication of benefits, protecting funds to
ensure every family has access to the internet and, thereby, the modern
economy. It additionally encourages USDA to work with all relevant
stakeholders, including those with new technologies that may help
expand service.
This bill also cracks down on foreign ownership of American farmland
by making the Secretary of Agriculture a member of the Committee on
Foreign Investment in the United States and transferring responsibility
of tracking foreign land ownership from the Farm Service Agency to the
USDA Office of Homeland Security.
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Republicans are actively tracking, monitoring, and taking action
against adversaries buying farmland. This will better align national
security efforts and ensure our Nation's critical food supply is
protected for generations to come. After all, food security is national
security.
Mr. Speaker, I am proud to stand with my Republican colleagues and
urge passage of this bill to protect critical Federal resources for
taxpayers who depend on them, ensure our food supply chain and farmland
are able to keep food on our families' tables for generations to come,
and make sure every rural family can connect to the modern economy.
I thank Chairman Tom Cole, Subcommittee Chairman Harris, and the
entire Appropriations Committee for all the hard work they did getting
this bill to the floor. I look forward to continuing to work alongside
my Republican colleagues to deliver real results to the American
people.
Mr. McGOVERN. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I will respond to the gentlewoman with regard to her
last comment. Rather than respond substantively to a single thing that
I said about Republicans cutting the WIC program, Women, Infants, and
Children, that is in the name of the program, rather than responding to
why Republicans are cutting the food and veggie program, she responds
with a dig at trans people, and that is the Republican Conference in a
nutshell. It really is.
We want to fight hunger. They want to fight culture wars. That is the
difference here. This bill is an attack on the most vulnerable people
in this country. For the life of me, I just don't understand where they
are coming from. Their arguments just take my breath away. They waste
time on culture wars, but they don't give a damn about the fact that
there are 48 million people in this country who are hungry, that there
are millions and millions of children in this country who are hungry.
I am telling you, by cutting these programs, you are not saving any
money. You are creating more problems. If programs like WIC get cut and
other nutrition programs get cut, then people can look forward to a
life with a whole myriad of healthcare problems that are going to be
very costly. You guys are something else.
Mr. Speaker, I urge that we defeat the previous question. If we do, I
am going to offer an amendment to the rule to bring up H.R. 8914, which
prohibits the use of taxpayer money to create a slush fund to
compensate January 6 rioters, MAGA sycophants, senior government
officials, and members of the President or Vice President's family.
Mr. Speaker, following President Trump's settlement of his bogus
lawsuit against his own IRS, he tried to commandeer nearly $1.8 billion
in taxpayer funds to bankroll a slush fund for the January 6
insurrectionists and other aggrieved MAGA loyalists.
After the obvious outcry at this ludicrous use of taxpayer dollars,
Acting Attorney General Blanche said yesterday that they weren't moving
forward with the fund.
Mr. Speaker, that isn't good enough.
Why? Because no one believes them. I wouldn't trust the Acting
Attorney General to tell me the correct time. Even the people who stand
to benefit from their roles on January 6 don't believe them.
Enrique Tarrio, the leader of the Proud Boys who was convicted of
seditious conspiracy for his role on January 6, told a reporter: ``This
isn't an abandonment. . . . I believe even if this fund is killed in
courts or at a congressional level, the President will find a way.''
Senator Lindsey Graham, who earlier this year already tried to get
millions of taxpayer dollars as payment for the government lawfully
subpoenaing his cell phone data, said of Acting Attorney General
Blanche's reversal on the fund: ``While I appreciate Acting Attorney
General Todd Blanche's statement . . . I am still of the firm belief
that there are many victims.'' He then went on to argue for the
formation of a new taxpayer fund. Just replace the paused corrupt fund
with a new corrupt fund. That is what the Republicans are arguing. You
can't make this stuff up.
Mr. Speaker, it is clear that this corrupt fund is not dead, no
matter what the Acting Attorney General says. The only way to ensure
that this self-dealing taxpayer funded payoff for cop beaters doesn't
move forward is to do what the newly free-to-speak-his-mind Senate
Republican Whip, Senator Cornyn, said: ``The way to ensure the Trump
retribution fund is more than mostly dead would be for Congress to put
a stake through it.''
That is exactly what I am offering every Member of this House today:
a chance to vote on if they want to kill this slush fund for good or
not.
Mr. Speaker, I ask unanimous consent to insert the text of my
amendment into the Record, along with any extraneous material,
immediately prior to the vote on the previous question.
The SPEAKER pro tempore (Mr. Fong). Is there objection to the request
of the gentleman from Massachusetts?
There was no objection.
Mr. McGOVERN. Mr. Speaker, to discuss our proposal, I yield 2\1/2\
minutes to the gentlewoman from Arizona (Ms. Ansari).
Ms. ANSARI. Mr. Speaker, the $1.8 billion slush fund for
insurrectionist cop beaters is one of the most disgraceful, corrupt
exercises of Donald Trump's entire Presidency, and that is saying
something. Every single Member of Congress needs to go on record as to
where they stand on this issue.
The people who stormed the Capitol, attacked police officers,
submitted fake electors, lied to election officials, and called to
``hang Mike Pence'' deserve jail time, not my constituents' taxpayer
dollars. Even Republicans are appalled and can't stomach this grotesque
betrayal of our democracy.
While Americans struggle to afford healthcare and housing and their
gas prices keep climbing as a result of the President's reckless and
illegal war, Donald Trump is fixated not on the American people but on
his $400 million ballroom, renaming the Kennedy Center, covering up the
Epstein files, and this outrageous slush fund for insurrectionists and
his political allies.
Mr. Speaker, I urge my Republican colleagues to join Democrats in
voting to permanently block this slush fund
[[Page H3788]]
for Oath Keepers and Proud Boys and stand up to Donald Trump. Reject
the previous question motion so we can take a vote on the slush fund
and assert the will of the American people. Find your backbone for once
and let's get together to vote to rein in this out-of-control
President.
Mrs. HOUCHIN. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I do want to address the WIC cash value voucher funding
for the fruit and vegetable benefits since my colleague has mentioned
it.
I am not sure if my colleague has noticed but the pandemic is over,
thank goodness.
Chicago-area union teachers are finally back to work. We can leave
our homes, shop where we want to, and we can return to pre-COVID
funding levels and re-center our spending to meet the need.
Let's be clear, we are not eliminating the benefit for fruits and
vegetables. We are not even taking it back to pre-COVID levels. We are
simply restoring parity to meet the need.
Mr. Speaker, I reserve the balance of my time.
Mr. McGOVERN. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, it is hard to listen to all this. Food prices are going
through the roof, and my Republican friends are arguing that we need to
reduce a benefit or cut back on a fruit and veggie voucher. Really?
Mr. Speaker, I will get to another matter. I had just talked about
the corrupt January 6 payoff fund and taxpayer money going to people
that beat cops. That is sick. It is disgusting.
Now let me talk about the other half of the corrupt deal that I
mentioned.
Yesterday, the Acting Attorney General of the United States said that
the fund was not going forward. I guess we are just supposed to take
his word on that. But he also indicated that the other nefarious part
of the deal is still going forward.
Tucked into this agreement that Trump hopes you will not notice is a
get-out-of-jail-free card for him and his entire family.
{time} 1300
I mean, it is right here. Donald Trump, with the help of his personal
criminal defense attorney turned Acting Attorney General Blanche, has
drafted a separate agreement granting himself, his family, and his
businesses full immunity from any violations of Federal law, criminal,
civil, or administrative.
Even if this corrupt settlement fund is killed--which I hope we will
vote to kill it--the President, negotiating with his own
administration, secured a settlement agreement that grants him, his
family, and their businesses full immunity. It is unprecedented. It is
stunning, and a brazen level of corruption in self-dealing.
For my Republican colleagues who are upset about the fund, are you
not equally upset by this attempt to put himself above the law? This
amounts to granting himself a super pardon. It means he and his family
are free to do any activity they please without the possibility of
legal consequences.
Now, let me just read a bit of what this agreement says. The entire
Federal Government is: forever barred and precluded from prosecuting or
pursuing any pending claims, whether presently known or unknown,
against Trump, his family members, and businesses, or collecting any
taxes, fines, or other payments due to the U.S. government.
Now, Mr. Speaker, do you realize what this means? It means the Trumps
and their businesses are not only shielded from enforcement of any
taxes that they might have dodged, or enforcement of any fines or
payments they may owe to the government, but from any and all
consequences for violating any Federal crimes or civil law. That means
that Trump and his family get an unlimited number of get-out-of-jail-
free cards for any civil or criminal violations that could be
investigated and prosecuted by the Federal Government.
Now, here are a couple of examples of what Trump could be shielding
himself from: one, any liability for insider trading or prediction
markets, like Kalshi or Polymarket, that Donald Trump Jr. or any other
Trump may be involved with; any bribes or kickbacks paid by Jared
Kushner, or any other Trump family member, to the Saudi royal family;
any allegations of sexual assault by Donald Trump revealed in the
Epstein files, he is protected on that; any secret, no-bid contracts
Donald Trump Jr., or any other Trump, steered toward companies he has
invested in, hundreds of individual stock trades by Trump or any of his
family members or businesses that look like insider trading; and the
$100 million comprehensive tax audit that Trump has been fighting since
2010.
If this settlement fund was bad, then this is even worse. Every
American should know what the President is trying to do, which is
trying to put himself above the law.
I remind my Republican colleagues--and I will remind everybody who is
paying attention to this--Donald Trump is the President. He is not a
king. He is not above the law. Every Member of Congress has a duty to
stand up and denounce this corrupt scheme.
We are talking about fraud here today. What do you call this? What do
you call this? The silence by my Republican colleagues, the going along
to get along that my Republican colleagues demonstrate each and every
day on this kind of garbage, that is complicity. That is complicity,
and it is wrong.
Mr. Speaker, I reserve the balance of my time.
Mrs. HOUCHIN. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, in response to the accusations that have been made in
this Chamber today against the President of the United States, a
government contractor criminally leaked the President's private tax
returns. He was convicted and sentenced to 5 years in prison.
The President had every right to fight back. The President took no
money from the settlement, not a single dollar. He received a formal
apology. A man who has lost billions of dollars since entering politics
to serve this country asked for an apology, and that is what he got.
When concerns were raised about the fund, the administration listened
and pulled back.
The weaponization of government against political opponents must end.
That is exactly what the President is fighting for and what the
settlement represents. The people crying foul today are the same ones
who cheered when the President's financial records were illegally
leaked. The outrage is not credible. Democrats were silent as President
Joe Biden pardoned, preemptively in some cases, his entire family.
Democrats today insist on deflecting from the issues we are here to
talk: fraud. Republicans have sounded the clarion call on waste, fraud,
and abuse that exists within the Federal Government. Meanwhile,
Democrats have been content to use hyperbole and vitriolic attacks to
hide behind the fact that they have no desire to ferret out this
systemic waste, fraud, and abuse that is plaguing our programs.
There is fraud in our Government programs. We have known about it for
decades. Democrats seem content to live with it. Republicans in
Congress have been consistent in going after it, despite the head-in-
the-sand posture by our Democratic colleagues. We went after it in
ObamaCare in H.R. 1, and, guess what, the CBO stated that premiums
would go down as a result of our work. We went after Medicaid fraud,
especially involving illegal immigrants. By the way, a Federal court
recently ordered officials to turn over Medicaid information to ICE
enforcement.
We went after waste, fraud, and abuse through our rescissions
package. Once again, Democrats refused that premise ever existed, even
though it is right in front of their eyes. One just needs to look at
the ever-revealing childcare center fraud in Minnesota. The universe of
money that stands to be squandered by overbilling could reach in the
hundreds of millions of dollars.
Worse yet, it has been discovered before, as I mentioned, as has the
glaring inability for Minnesota to properly create any enforcement
checks. Just earlier this year, the inspector general of Minnesota
released an audit that randomly sampled payments to childcare centers
in 2023, finding an astonishing 11 percent of government outlays have
problems related to attendance and proper payment, and that was simply
based on a random sample.
[[Page H3789]]
Here is a direct conclusion from the attorney general's report: A
lack of oversight to ensure accurate and complete attendance
documentation could increase the risk of fraud, waste, and abuse to the
CCAP program.
The scandal comes on the heels, also, of the worst COVID fraud
scandal ever perpetrated: the $250 million Feeding Our Future criminal
fraud enterprise in Minnesota that literally robbed taxpayers of funds
intended to help hungry children. An early reporting is potentially
discovering concentric circles around individuals and families involved
in that criminal enterprise, including these childcare centers.
Before that, in 2019, the State's legislative auditor revealed it
could literally prove at least $6 million in fraud from previous years,
believing the true number to be greater.
It is not limited to food benefits either. ABC News reported that the
student loan fraud that is targeted in this bill we are considering
this week, known as ghost students, had thousands of colleges across
the country with sophisticated thieves becoming a scourge. The
scammers, using stolen or fake identities to enroll in classes online
and sign up for Pell grants and loans, then disappear once they get the
money, robbing the Federal Government of hundreds of millions of
dollars and leaving an untold number of victims in their wake.
There are really only three responses to fraud once it is exposed:
You attack it, you cover it up, or you minimize it.
The legislative auditor in Minnesota previously accused the Walz
administration of minimizing or dismissing allegations of fraud, citing
a shoot-the-messenger attitude. One media outlet characterized Governor
Walz as a hands-off leader when it comes to seeking accountability for
episodes of fraud and mismanagement on his watch.
Which path will our Democrat colleagues take now that this fraud is
being revealed? Will they root it out as we have, or will they turn a
blind eye in the mode of Governor Tim Walz?
Just a few months ago, the Massachusetts State Auditor released the
Bureau of Special Investigations annual report for fiscal year 2025,
which exposed nearly $12 million in public assistance fraud across
thousands of cases in the State, including $4.1 million in food stamp
fraud. Mass Health, the State Medicaid and CHIP program saw more than
$1.3 million in fraud.
Another report, published in April of 2026, found that more than a
billion dollars was improperly spent on food stamps in Massachusetts
between 2022 and 2024. The cases show just how deep and widespread the
fraud is in Massachusetts.
A transportation company allegedly billed Mass Health more than $3
billion for rides that never happened. A tiny bodega, only 150 square
feet, somehow pushed nearly $7 million in food stamp trafficking,
ringing up a half a million dollars a month like it was a big box
store.
One man living illegally in the country stole a dead U.S. citizen's
identity for decades, even serving prison time under the alias. After
release, he used the same alias to apply for food stamps, stealing
thousands in benefits. A State employee even flagged his food stamp
application with a note: death match. Yet, it was still approved.
In 2026, fraudsters used more than 100 stolen identities to funnel
food stamps into a restaurant supply scheme, stocking up on hundreds of
thousands of dollars worth of wholesale meat, all paid entirely on the
taxpayers' dime.
{time} 1310
It is not surprising, given the lack of oversight, that TANF fraud is
so pervasive. Just take a look at Colorado where 135 cases of theft
were reported by Pueblo County. Benefit recipients, in one week alone,
totaled $73,991 in losses, including 40 TANF Colorado Works customers
totaling $19,344.
This is just a short sample, Mr. Speaker, of the fraud committed in
primarily Democrat States that we know about.
It is Republicans, once again, that are heeding the call, the request
of American families, to root out waste, fraud, and abuse, and protect
our tax dollars.
Mr. Speaker, I reserve the balance of my time.
Mr. McGOVERN. Mr. Speaker, I yield myself such time as I may consume.
Oh my God, Mr. Speaker, I don't even know how to respond to all of
that.
First of all, let me just set the record straight. The gentlewoman
said neither myself or anybody on the Democratic side was critical when
Joe Biden pardoned his son, Hunter. That is just not true. I have an
article here that says: ``Rep. Jim McGovern Criticizes Hunter Biden
Pardon, Disappointed President Didn't Honor Pledge.''
So what she just said is just factually incorrect.
Secondly, Mr. Speaker, I am listening to the gentlewoman defend the
corruption in the White House, and it is stunning to me. I feel like
maybe Todd Blanche wrote those talking points, because that is what I
would expect to hear from the Acting Attorney General.
For the record, let's just set the record straight. Remember, Donald
Trump sued a government that he runs for $10 billion for leaking
information when he was in charge of the same government, with the
leaked documents being tax returns, by the way, that every single
modern President has released on their own. He promised he would
release them. He didn't release them. He won't release them. Why? That
is a good question. But every other President not only released them,
but we expected them to. Again, what he is complaining about happened
under his watch.
The gentlewoman also said that Trump lost a lot of money.
Mr. Speaker, I ask unanimous consent to include in the Record an
excerpt from an article in The New Yorker titled: ``Trump's
Profiteering Hits $4 Billion.''
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from Massachusetts?
There was no objection.
[From The New Yorker, Jan. 31, 2026]
Trump's Profiteering Hits $4 Billion
(By David D. Kirkpatrick)
In August, I reported that the President and his family had
made $3.4 billion by leveraging his position. After his first
year back in office, the number has ballooned.
At the start of Donald Trump's first term, he promised that
he and his family would never do anything that might even be
``perceived to be exploitive of office of the Presidency.''
By contrast, his second term looks rapacious. He and members
of his family have signed a blitz of foreign mega-deals
shadowed by conflicts of interest, and they've launched at
least five different cryptocurrency enterprises, all of which
leverage Trump's status as President to lure buyers or
investors. Ethics watchdogs say that no other President has
ever so nakedly exploited his position, or on such a scale.
Trump recently explained to the Times why he cast aside his
former restraint: ``I found out that nobody cared.''
Is Trump right about the public's nonchalance? Last summer,
I tallied how much money he and his immediate family had made
off his high office. My method was conservative. It seemed
unfair to begrudge Trump the profits from the many businesses
he owned before entering the White House. So I excluded from
my calculation preexisting hotels, condos, and golf courses,
along with plausible extensions of those long-standing
businesses. Likewise, Trump is hardly the first President to
trade access or potential influence for political fund-
raising, and he generally cannot spend such money on personal
expenses, so I set that aside, too. Lastly, I left out funny-
money assets he couldn't readily cash out without setting off
a fire sale that would eviscerate their value, such as his
shares in the company behind Truth Social, his social-media
platform.
Even excluding all that, by August, the Presidential
profiteering reached $3.4 billion. (You can review my
judgments in the article, ``The Number.'') And since then the
First Family has kept busy. The end of Trump's first year in
office seemed an opportune time for an update. Did the family
business slow down or speed up for the Trumps?
american bitcoin redux
Many investors and consumers understandably distrust
cryptocurrency and digital finance. Crypto heists are
alarmingly common, and the best-known uses of digital
currency are money laundering and casino-like financial
speculation. President Trump himself, before his most recent
campaign, maintained that Bitcoin ``seems like a scam'' and
that crypto ``can facilitate unlawful behavior.'' But an
association with a sitting President can furnish a valuable
credibility boost. Think of the premium that investors will
pay for U.S. Treasury bonds compared to notes from some
little-known bank. That appears, in a nutshell, to be the
Trump family's strategy with crypto.
The Trumps' first windfall since my August tally occured
through American Bitcoin, a company that mines new bitcoin
with the intent to hoard it. (Under the algorithm that
created bitcoin, miners get paid in new tokens for the
computer work of tracking digital transactions.) Last spring,
Eric and Donald Trump, Jr., contributed their family name--
and nothing else of obvious value--to a complicated series of
transactions that yielded them approximately a
[[Page H3790]]
thirteen-per-cent stake in American Bitcoin. Eric, who is now
listed as its co-founder and chief strategy officer, has
become the company's public face. If Eric and Donald, Jr.,'s
father had lost the 2024 election, surely no one would have
handed them such a large stake in a business that they had
virtually no experience in and to which they had contributed
so little--so their stake should be categorized as
Presidential profit. In August, I calculated that the
brothers' thirteen-percent stake in the company's computer
hardware alone added at least thirteen million dollars to the
family's profiteering tally.
In September, the company floated shares on the stock
market, capitalizing in another way on the cachet of the
Trump name. American Bitcoin merged with a penny-stock
bitcoin miner as a way of going public without the cost--or
scrutiny--of an initial public offering. And the stock
market, as expected, has put a far higher price on the
company, in part because it owns a stockpile of bitcoin. The
brothers' stake now appears to be worth around two hundred
million dollars. A caveat: Eric Trump, as a large and active
investor in American Bitcoin, must report any sale of shares,
and that might trigger a selloff. So it seems excessive to
add it all to the Presidential-profit ledger. I will add only
the approximate value of Donald Trump, Jr.,'s stake: about a
hundred million dollars.
The number in August: $3.4 billion.
Additional profit: $100 million.
New total: $3.5 billion.
world liberty financial, binance, and pakistan
The Trumps have made even more money since August through
World Liberty Financial, a digital-finance startup heavily
linked to the family. Its website lists the President as a
``co-founder emeritus'' and displays his photograph
prominently; Eric, Donald, Jr., and Barron Trump are all
listed as co-founders. Steven Witkoff, the President's old
friend and diplomatic envoy, is also listed as a co-founder
emeritus, and his son Zach is C.E.O.
In May, World Liberty began selling a form of crypto known
as a stablecoin. Unlike digital currencies such as bitcoin,
which rise and fall in price, a stablecoin is supposed to
hold a fixed value in dollars. Before July, when President
Trump signed the first legislation regulating stablecoin,
some of the best-known examples, such as TerraUSD, had turned
out to be Ponzi schemes. (In December, a New York court
sentenced TerraUSD's co-founder to fifteen years in prison.)
But World Liberty promised that its stablecoin, USD1, will
always be worth exactly one dollar. Buyers can transfer USD1
to move money or make payments, and any holder can redeem
USD1 for dollars. In between, while USD1s are circulating,
World Liberty invests the cash that it is holding in U.S.
Treasury bonds, in much the same way a savings bank might
invest deposits. At current interest rates, World Liberty can
expect to earn more than four percent annually on the volume
of USD1 in circulation.
Last spring, a company owned by the rulers of the United
Arab Emirates bought two billion dollars' worth of USD1. The
transaction raised alarms about the appearance of a payoff--
because the U.A.E. was simultaneously seeking approval from
the Trump Administration to acquire sensitive American
artificial-intelligence technology. (President Trump soon
granted that approval.) The Emiratis immediately used the
stablecoin to invest in Binance, the largest crypto exchange,
which has its own interest in influencing Trump. In 2023,
Binance's founder, Changpeng Zhao, known as C.Z., pleaded
guilty to violating anti-money-laundering laws, served a
brief prison sentence, and agreed to stop running the
company. At the time of the two-billion-dollar stablecoin
payment from the U.A.E., he was petitioning Trump for a
pardon. Binance, as the holder of the stablecoin, can
determine how long World Liberty continues earning four
percent a year on that two billion dollars. In other words,
Binance controls how much profit the Trumps will make from
the two-billion-dollar stablecoin sale. In October, Trump
granted C.Z.'s request for a pardon. (David Wachsman, a
spokesman for World Liberty, told me that Binance cannot
``exert control or influence over World Liberty Financial.'')
Binance is currently seeking to end federal monitoring that
had been imposed when he was convicted for violating anti-
money-laundering laws. Now the company is goosing the Trumps'
stablecoin profits in another way. On December 11th, Binance
dropped its fees for certain crypto trades if they were
conducted in USD1. Then, on December 23rd, Binance began
paying users of its platform to hold USD1: Binance announced
that, for the next month, it would give users a bonus equal
to about 1.7 percent on up to fifty thousand dollars' worth
of USD1 holdings. If this return rate were annualized, it
would yield an eye-popping twenty percent. And, on January
23rd, Binance announced a combination of new giveaways to
USD1 holders which roughly extended that offer. Many users
leapt at these opportunities. In the months preceding
Binance's maneuvers, the total volume of USD1 in circulation
had held steady at about two billion dollars. On December
25th, shortly after Binance announced its first giveaway,
World Liberty announced that USD1's volume had crossed three
billion dollars. It has now climbed to roughly five billion,
and most of that expansion appears to have taken place on the
Binance platform.
Representatives of Binance and World Liberty both denied
any wrongdoing. They told me that Binance and its competitors
have often paid holders of other stablecoins in order to
attract traders, and that several smaller exchanges also
provide benefits to holders of USD1. A Binance spokeswoman
said in a statement that the services it provided to World
Liberty ``are available to other projects on equal terms.'' A
spokesman for World Liberty said that USD1's growth
``reflects genuine market adoption.'' But Molly White, a
computer programmer who is a prominent critic of the crypto
industry and tracks such offers, told me that crypto
exchanges have seldom, if ever, paid stablecoin holders as
high a return rate as Binance is providing for USD1, or
offered bonus returns on such large quantities. She said that
Binance ``seems like they are just giving away free money,''
and that the company's enrichment of the Trumps, through
World Liberty, looked like ``a very blatant quid pro quo''
for the President's pardoning of C.Z. (in response to
detailed questions about my reporting for this article,
Taylor Rogers, a White House spokeswoman, told me, in an e-
mail, that ``the failing liberal media is only pushing the
same old garbage narratives'' and that ``President Trump has
always put--and will always put--the best interests of the
American people first.'')
Last spring, the government of Pakistan reportedly enlisted
C.Z. as an advisor of the use of crypto. And, on January
14th, Pakistan--which has its own interests in influencing
the Trump Administration--signed an agreement to incorporate
USD1 into an officially regulated digital-payment system. A
spokesman for World Liberty told me that, at the moment,
Pakistan is only exploring the potential use of USD1 in
handling ``international remittances,'' and that the
country's interest in USD1 ``has nothing to do'' with its
relations with the Trump Administration. Still, it is hard to
imagine that, without the imprimatur of the U.S. President,
such a novel stablecoin would be embraced so quickly at the
highest levels of the Pakistani government. So this deal,
too, depends on Trump's Presidency.
Now that World Liberty has seen an increase of three
billion dollars in the value of its stablecoin in
circulation, it can reasonably expect to earn four percent a
year on that extra sum--three hundred and sixty million
dollars, if that circulation holds up in the three years
Trump has left in office. According to the fine print on
World Liberty's website, a company affiliated with the Trumps
is entitled to about thirty-eight percent of that interest,
which would come out to about a hundred and thirty-six
million dollars in additional Presidential profit.
Running total: $3.5 billion.
Additional profit: $136 million.
New total: $3.64 billion.
from appliance repair to cryptocurrency
The Trumps have also received a windfall from World Liberty
through a different form of crypto that it has sold: digital
``governance'' tokens, which provide buyers a loosely defined
right to vote on the company's future. Unlike stablecoin,
these tokens carry no promise of redemption for any fixed
amount of dollars; you can sell one for a price that rises or
falls like a stock. Yet, unlike a stock, these digital tokens
do not entitle a buyer to any equity in World Liberty; nor to
any share of its profits, raising many questions about why an
investor might want to own them--other than for World
Liberty's connection to the Trumps. Some purchasers may hope
that, if the Trump Administration further loosens security
rules, the tokens will eventually become a form of ownership.
Others may be seeking to buy influence.
After my August tally, World Liberty found an improbable
new taker for its tokens: a company that had gone public, in
1991, as Appliance Recycling Centers of America. In 2019, it
made a radical transition into biotechnology, declaring that
it would attempt to develop a nonaddictive alternative to
opioids. In 2024, it transformed again, adopting the name
Alt5 Sigma Corporation and shifting its focus to processing
digital payments.
In August, Alt5 Sigma refocussed yet again--to buying World
Liberty's digital tokens. It agreed to trade the leadership
of its board (and a substantial minority of its stock) to
World Liberty in exchange for a pile of digital tokens, then
said to be worth about seven hundred and fifty million
dollars. Zach Witkoff became Alt5 Sigma's chairman, and the
company announced that it would appoint Eric Trump as a
director.
As part of the same convoluted transaction, the new Alt5
Sigma--cashing in on the Trump name and the broader crypto
boom--also sold about seven hundred and fifty million
dollars' worth of new shares to outside investors expressly
for the purpose of buying even more World Liberty tokens.
Alt5 Sigma didn't name the buyers; a securities filing said
only that the investors included ``a select number of the
world's largest institutional investors and prominent crypto
venture-capital firms.'' After this transaction, Alt5 Sigma's
stockpile of World Liberty tokens rose to about 7.5 percent
of all the tokens in circulation, and its share had a nominal
value of about $1.5 billion. Alt5 Sigma is pitching its stock
as an easy way for ordinary investors to indirectly own World
Liberty tokens--essentially turning its common stock into a
bet on the Trump family's future endeavors in crypto. White,
the crypto critic, noted that top executives
[[Page H3791]]
of World Liberty were now running a second company whose
mission appeared to be buying World Liberty's own governance
token. These sales enrich the Trump and Witkoff families. She
called the arrangement ``a mind-boggling conflict of
interest.'' (Wachsman, the World Liberty spokesman, told me
that Alt5 Sigma's original board had independently decided to
stockpile the governance token before Witkoff became
chairman; Wachsman added that World Liberty's USD1 business
``aligns with'' Alt5 Sigma's payment processing ``roadmap.''
Mr. McGOVERN. He has made billions since he has been in the White
House. I don't know what the hell she is talking about.
Mr. Speaker, I also ask unanimous consent to include in the Record an
article from Forbes titled: ``Here Are Donald Trump's 10 Best Stock
Trades of 2026.''
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from Massachusetts?
There was no objection.
[From Forbes, May 28, 2026]
Here Are Donald Trump's 10 Best Stock Trades Of 2026
(By Kyle Khan-Mullins)
Early on in his second term in office, Donald Trump eased
his way into a Tesla and delivered a delighted review to the
car's manufacturer, his biggest billionaire benefactor, Elon
Musk.
``Everything is computer!'' Trump exclaimed.
This year, the president has brought that philosophy to his
investment portfolio. Trump revealed in a series of filings
this month that he made nearly 4,000 trades between January
and March. That's 44 per day on average and almost three
times more than all of 2025 combined. Total trading volume
was between $200 million and $700 million.
Unlike his recent Oval Office predecessors--including
himself--Trump isn't just buying and selling bonds, broad-
based index funds and money markets. Scores of individual
publicly traded companies are getting the presidential seal
of approval or disapproval, making the commander-in-chief
something like a one-man market signal.
Every time one of those companies is added to or subtracted
from his portfolio, the questions multiply. Does it do
business with the government? Does it need regulatory
consideration? Does it want export approvals, tax favors,
federal contracts, antitrust restraint, White House praise or
a seat at the table?
Forbes analyzed the president's largest stock trades,
roughly 240 that were larger than $250,000. The pattern that
emerged is clear: All of his 10 best buys were tech company
stocks, boosted by the unregulated AI boom Trump has made a
centerpiece of his economic policy.
Everything is, indeed, computer.
Trump's best apparent bet was Dell. The President bought
between $1 million and $5 million of Dell shares on February
10; the company's stock, buoyed by AI data center deals, is
up 142 percent since then. That means that if he bought $3
million of shares, the middle of his declared range, they'd
be worth about $7.3 million today.
And Trump did not stop there. He bought the company's
shares three more times, all smaller amounts, in March, then
gave the company an unusually convenient bit of presidential
pumping on May 8. ``Go out and buy a Dell,'' he declared from
the White House after an event with CEO Michael Dell. The
stock closed 11.5 percent higher that day and is up 31
percent since.
That's not the only plumbing-of-the-AI-economy company
Trump has made a killing on. Semiconductor manufacturer AMD
is up 136 percent since the president--who last year allowed
the company to export advanced chips to China in exchange for
a 15 percent cut for the U.S. government--bought between
$500,000 and $1 million of its shares in February. He
invested nine more times after that, but also sold between
$15,000 and $50,000 in late March, which may have blunted
some of his gains.
On January 12, he bought between $1 million and $5 million
of Texas Instruments, which sells components for Al chips and
promised more $60 billion in investments last year in a press
release that included a statement from commerce secretary
Howard Lutnick. TI's stock is up more than 60 percent since
the president bought in.
Then there's Jabil, which makes AI server hardware and
earned plaudits from an official White House account last
June for its announcement of its own manufacturing
investments in the U.S. It's up 40 percent since the
president invested in February.
Democrats have called the trading what it looks like to
them: greed and self-dealing. ``The President's corruption is
a national security disaster,'' Massachusetts Sen. Elizabeth
Warren posted after Trump bought Nvidia stock, then brought
Nvidia CEO Jensen Huang along with him to China.
Trump's allies deny that, of course. ``All of our assets
are invested in a blind trust by the largest financial
institutions in broad market indexes,'' Eric Trump replied to
Warren on X.
That clearly isn't true. The president owns shares in
companies, not just index funds. And the trust that contains
his assets is not blind.
Pushback continued nonetheless: ``The President doesn't sit
at the Oval Office on his computer on a Robinhood account
buying and selling stocks,'' vice president J.D. Vance more
plausibly told reporters on May 19. That same day, Eric
posted a lawyerly passage claiming that his dad's portfolio
was contained in ``fully discretionary accounts managed by
independent third-party financial institutions'' and that
``neither President Trump, his family, nor The Trump
Organization has any role in selecting, directing, approving,
influencing or soliciting specific investments.''
In response to a request for comment, White House
spokesperson Anna Kelly said ``there are no conflicts of
interest'' and called such questions a ``tired narrative.''
The Trump Organization sent Forbes a statement identical to
Eric's post, attributable to a spokesperson.
Federal rules only require the president to declare a range
of values on each trade--say, $500,000 to $1 million--so it's
unclear exactly how much the president made off each
transaction. But assuming the median for each trade's range,
here are his 10 best stock purchases so far this year, which
collectively made the president an estimated $12.7 million
richer.
Donald Trump's Ten Best Stock Purchases Of 2026
Values are as of the close of markets on Tuesday, May 26.
Figures are rounded.
1. Dell (ticker: DELL)
Purchase: $l million to $5 million on February 10
Stock change since main purchase: +142 percent
Medican value gain: $4.3 million
Trump bought at least $31,000 in additional shares in
March. Michael Dell and his wife Susan donated $6.25 billion
to the U.S. Treasury in December 2025 to fund the creation of
``Trump accounts,'' a new savings vehicle created by
Republicans in their tax cuts package, for additional kids
under 10 who missed the cutoff for a government contribution.
2. Texas Instruments (TXN)
Purchase: $1 million to $5 million on Jan. 12
Stock change since main purchase: +72 percent
Median value gain: $2.2 million
The president bought smaller amounts of TI shares 12
additional times across three months, totaling at least an
additional $220,000.
3. Jabil (JBL)
Purchase: $1 million to $5 million on Feb. 10
Stock change since purchase: +47 percent
Median value gain: $1.4 million
Based in the president's adopted home state, Jabil earned
three additional purchases from the president in March
totaling at least $115,000.
4. Advanced Micro Devices (AMD)
Purchase: $500,000 to $1 million on Feb. 10
Stock change since purchase: +136 percent
Median value gain: $1 million
Trump already owned a small stake in this chipmaker when he
took office. He reports selling some of it in January, then
buying it all back and then some over the subsequent three
months. AMD CEO Lisa Su visited the White House in September
to take part in an AI in Education Task Force event, an
initiative led by Melania Trump, and was appointed to an AI
advisory panel in March.
5. Cadence (CDNS)
Purchase: $1 million to $5 million on Mar. 17
Stock change since purchase: 30 percent
Median value gain: $900,000
In July 2025, this chip software company pleaded guilty to
selling software to a Chinese military university in
violation of U.S. export controls, paying a fine of $140
million. Trump owned a small stake when he took office, sold
it in January, then rapidly bought it back.
6. Oracle (ORCL)
Purchase: $1 million to $5 million on Mar. 17
Stock change since purchase: 25 percent
Median value gain: $750,000
Trump traded Oracle at least 17 times between January and
March, buying and selling tranches ranging from $1,000 to at
least $1 million in size. His big purchase came roughly a
week before he appointed chairman Larry Ellison, one of the
world's richest men and a Trump benefactor, to an AI advisory
panel on March 25.
7. Synopsys (SNPS)
Purchase: $1 million to $5 million on Feb. 10
Stock change since purchase: 22 percent
Median value gain: $650,000
The president made additional smaller purchases of its
stock in January and March. Synopsys has also been caught up
in U.S.-China trade tensions--the company's merger with a
Chinese engineering firm was reportedly only approved by
Chinese regulators last year after the U.S. loosened
restrictions on chip sales.
8. Datadog (DDOG)
Purchase: $500,000 to $1 million on Mar. 17
Stock change since purchase: 74 percent
Median value gain: $550,000
This cloud computing company saw nine additional
transactions from the president between January and March.
9. Apple (AAPL)
Purchase: $1 million to $5 million on Mar. 2
[[Page H3792]]
Stock change since purchase: 16 percent
Median value gain: $500,000
Apple CEO Tim Cook has pursued a close relationship with
the Trump administration, gifting the famously gold-loving
president a gilded plaque before securing a tariff exemption
for his company. He accompanied Trump to China in May after
the president bought and sold millions in Apple stock over
the course of three months.
10. Fortinet (FTNT)
Purchase: $500,000 to $1 million on Mar. 17
Stock change since purchase: 61 percent
Median value gain: $450,000
The president kicked off the year by selling a big tranche
of shares in Fortinet, a cybersecurity company, but by March
had bought his stake back and then some. Good move--the stock
has soared.
Mr. McGOVERN. Boy, I wonder what that is all about.
Mr. Speaker, when we talk about fraud and corruption, Donald Trump
has pardoned or issued commutations for 21 people convicted of
healthcare fraud at the same time that my Republican friends voted for
giving tax breaks to billionaires.
Philip Esformes, convicted of a $1.3 billion Medicare fraud scheme,
one of the largest healthcare fraud schemes charged by the Department
of Justice, Donald Trump pardoned him.
Judith Negron, convicted of orchestrating $205 million in terms of a
Medicare fraud scheme involving assisted living facilities, she has
been pardoned.
Jon Michael Harder, convicted of defrauding people of $120 million in
investments through his senior housing and assisted living facilities,
he has been pardoned.
I can go right down the list of all of these people that have been
pardoned.
Mr. Speaker, I ask unanimous consent to include in the Record all of
the rich and connected fraudsters that have been pardoned by this
President.
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from Massachusetts?
There was no objection.
Donald Trump Has Issued at least 21 Pardons and Commutations to
Convicted Health Care Fraudsters
Donald Trump has pardoned or issued commutations for 21
convicted of health care fraud. At the same time, Republicans
have kicked millions of hardworking families off health
coverage under the guise of preventing fraud and abuse.
Phillip Esformes: convicted of a $1.3 billion Medicare
fraud scheme, one of the largest health care fraud schemes
charged by the DOJ.
Judith Negron: convicted of orchestrating a $205 million
Medicare fraud scheme involving assisted living facilities.
Jon Michael Harder: convicted of defrauding people of $120
million in investments through his senior housing and
assisted living facilities.
Lawrence S. Duran: pleaded guilty to multiple felonies,
including $87 million in Medicare fraud.
Daniela Gozes-Wagner: conspired to commit $50 million
health care fraud and money laundering.
Paul Behrens, Thaddeus Bereday, Todd Farha, William Kale--
former executives of WellCare Health Plans: convicted of
defrauding the Florida Medicaid Program.
Salomon Melgen: convicted of 67 counts of health care fraud
and related charges relating to Medicare and other health
care programs.
John Estin Davis: convicted for his role in filing over
$4.6 million in fraudulent claims to Medicare.
Joseph Schwartz: failed to pay $38 million in employee
withholding taxes for over 100 nursing homes across 11
states.
Paul Walczak: convicted of stealing nursing home employees'
tax withholdings and using them for luxury purchases. His
pardon application focused on his mother's Trump campaign
donations.
Ricky Ivan Kanter: convicted of Medicare fraud for false
claims related to diabetic shoe inserts.
Glen Moss: convicted of paying kickbacks in order to obtain
referrals for his diagnostic laboratory.
Alfonso Antonio Costa: convicted of health care fraud
related to false dental billings.
Duncan Fordham: convicted of one count of health care
fraud. Fordham was charged with kicking money back to a
former state representative in exchange for a lucrative
contract with a mental health center.
Frederick Nahas: plead guilty to obstruction of justice in
a health care investigation.
Wesley Scott Harkonen, Jr.: convicted of overstating the
benefits of his treatment for idiopathic pulmonary fibrosis
(IPF).
Theodore E. Suhl: convicted of bribing state officials to
direct Medicaid payments to his ``Lord's Ranch'' faith-based
juvenile behavioral health treatment centers.
Robert Henry Harshbarger Jr.: convicted of buying
unapproved kidney drugs from China and selling through his
pharmacy as FDA-approve products. Husband of Representative
Diana Harshbarger (R-TN-01).
Mr. McGOVERN. Mr. Speaker, this is the most absurdly corrupt and
morally bankrupt administration in our history. To hear my Republican
friends defend what is happening, to defend the fraud and the
corruption that is right out in the open, is pathetic.
Mr. Speaker, I reserve the balance of my time.
Mrs. HOUCHIN. Mr. Speaker, I reserve the balance of my time and
inquire if the gentleman is ready to close.
Mr. McGOVERN. Mr. Speaker, I was hoping the gentlewoman would respond
to some of my concerns, or maybe engage in debate, or give me some hope
that Republicans actually are upset about what is happening right now
with all the corruption and the fraud.
I yield myself the balance of my time, Mr. Speaker.
Mr. Speaker, may I inquire how much time I have remaining.
The SPEAKER pro tempore. The gentleman from Massachusetts has 4\1/2\
minutes left.
Mr. McGOVERN. Mr. Speaker, this is not complicated. People are
hurting. They are hurting because of Trump's inflation. They are
hurting because of Trump's tariffs. They are hurting because of Trump's
illegal war. They are hurting because of Trump's failed economic
policies that are driving costs up and up and up.
Instead of doing something--anything--to help bring down costs, they
are doubling down on the cruelty. They are literally going after
pregnant moms and newborns. Literally, they are taking food out of the
mouths of hungry kids.
What kind of mean, rotten, awful people do things like that? I can't
believe it. It takes my breath away, Mr. Speaker.
They talk about fraud. They talk about waste. They talk about abuse.
What a bunch of baloney.
Why don't they start with the billionaires writing their own tax
breaks into the tax code.
Why don't they start with giant corporations ripping people off.
Why don't they start with the sweetheart deals, the no-bid contracts,
the tax loopholes, or the people cashing in on the chaos.
Why don't they start with the blanket immunity for Donald Trump and
his family with the possibility of tax crimes, insider trading, bribes,
kickbacks, contracts for companies that Trump's family maybe invested
in or anything else that Federal law enforcement might have a reason to
investigate.
No, no. Republicans here in Washington, they go after hungry kids.
They demonize poor people. They go after pregnant moms. They go after
the families struggling to survive.
Mr. Speaker, this is wrong. It is morally bankrupt, and people see
it.
They see Republicans talk about health while cutting nutrition.
They see Republicans talk about the deficit while handing out favors
to the rich.
They see the grift, and they are sick of it. They are sick and tired
of it.
They see that Democrats actually believe in something different.
Maybe my Republican friends think we are radical. I don't think it is
radical to believe people should be able to afford a decent life. I
don't think it is radical to believe parents should be able to afford
formula. I don't think it is radical to believe that no child in
America, the richest country in the history of the world, should go
hungry.
What I think is radical is that the far right, radical MAGA
extremists who run this place can find endless money for wars, for
billionaires, and for corporate tax giveaways while they steal from new
moms and kids who are struggling to eat.
Mr. Speaker, I don't know what is going on in this Chamber, but where
is our humanity? Where is our commitment to helping uplift people who
are struggling? I say to my Republican colleagues: Where is your heart?
People are looking to us for help during these very difficult
economic times, and what they are getting is all the garbage that my
friends are bringing to the floor, stuff that does nothing to improve
anybody's life.
You want to talk about fraud and you want to talk about corruption? I
just gave you a boatload of facts and figures for you to go after.
Instead, when it comes to the Trump White House: Oh, hands off. We
are
[[Page H3793]]
going to give him immunity, not only for past activity but for anything
he does in the future.
Again, nobody, no citizen gets that kind of treatment. Again, he is
the President, not the king, and people in this Chamber have to start
recognizing that fact. Nobody in this country, even the President of
the United States, is above the law.
Mr. Speaker, I urge a ``no'' vote on this rule, a ``no'' vote on the
rotten underlying legislation, and I yield back the balance of my time.
Mrs. HOUCHIN. Mr. Speaker, I am prepared to close, and I yield myself
the balance of my time.
Mr. Speaker, I am really happy that there is at least some agreement
in this debate today from my Democrat colleagues on the other side of
the aisle. We agree, as it was mentioned today, that pregnant women
carry babies. What a momentous day in this Chamber.
Democrats insist on deflecting from these issues, though, the ones we
are talking about today, because it is their leadership in Democrat-run
States and their lax policies that have led to rampant fraud. It is no
wonder that they are trying to deflect from that conversation about the
fraud that their policies have allowed to perpetuate.
{time} 1320
Mr. Speaker, the measures discussed here today reflect a clear and
consistent commitment by House Republicans to restore accountability,
improve program integrity, and ensure that taxpayer dollars are used as
intended. From agricultural investments that support rural communities
to safeguards against fraud in student aid, childcare, and TANF, this
package represents practical solutions to ensure that every Federal
dollar is accounted for and, again, targeted to meet the need.
Mr. Speaker, I look forward to moving these bills out of the House
this week, and I ask my colleagues to join me in voting ``yes'' on the
previous question, and ``yes'' on the rule.
The material previously referred to by Mr. McGovern is as follows:
An Amendment to H. Res. 1333 Offered by Mr. McGovern of Massachusetts
At the end of the resolution, add the following:
Sec. 9. Immediately upon adoption of this resolution, the
House shall proceed to the consideration in the House of the
bill (H.R. 8914) to amend section 1304 of title 31, United
States Code to restrict payments for compromise settlements
or awards. All points of order against consideration of the
bill are waived. The bill shall be considered as read. All
points of order against provisions in the bill are waived.
The previous question shall be considered as ordered on the
bill and on any amendment thereto to final passage without
intervening motion except: (1) one hour of debate equally
divided and controlled by the chair and ranking minority
member of the Committee on the Judiciary or their respective
designees; and (2) one motion to recommit.
Sec. 10. Clause 1(c) of rule XIX and clause 8 of rule XX
shall not apply to the consideration of H.R. 8914.
Sec. 11. The Clerk shall transmit to the Senate a message
that the House has passed H.R. 8914 no later than three
calendar days after passage
Mrs. HOUCHIN. Mr. Speaker, I yield back the balance of my time, and I
move the previous question on the resolution.
The SPEAKER pro tempore. The question is on ordering the previous
question.
The question was taken; and the Speaker pro tempore announced that
the ayes appeared to have it.
Mr. McGOVERN. Mr. Speaker, on that I demand the yeas and nays.
The yeas and nays were ordered.
The SPEAKER pro tempore. Pursuant to clause 8 of rule XX, further
proceedings on this question are postponed.
____________________