Any true attempt at understanding the factors driving costs must include a look at the broader supply chain.

the rise of global e-commerce presents profound new challenges for the responsibility of governments to collect revenue and enforce safety and security.

FMI thanks Chairwoman Cantwell and Sen. Grassley for championing the PBM Transparency Act.

PBMs are blocking a cheaper product.

Our bill has guardrails. It does not give FTC any new power or regulatory authority.

It requires the FTC to study pharmaceutical intermediaries and issue a report and recommendations to Congress within one year.

Today, three PBMs control 80 percent of the market.

Our investigation found that the PBM scheme encourages drug makers to spike the drug's list price in order to offer a greater rebate.

FMI thanks Chairwoman Cantwell and Sen. Grassley for championing the PBM Transparency Act.

I've hauled Big Pharma and PBM executives before the Finance Committee.

Today, three PBMs control 80 percent of the market.

For decades, Congress turned a blind eye as our nation walked toward a fiscal cliff, but Democrats turned that walk into a sprint.

Our rising deficits are cast by a lot of people as long-term challenge, but not immediate problem today.

Addressing poor taxpayer service needs to be a high priority for you.

So, let's just assume that the FDIC or some other regulator or bank say to the community bank in Parkersburg, Iowa that you've got to make sure that you know what the carbon footprint is of the farmer and in 60 years of arming I don't know…

I have long had concerns with the FTC's vague statutory authority, but at this moment, we cannot ignore the current state of affairs at the FTC.

PBMs will claim they pass on savings to consumers or through lowering premiums, but their spread pricing and clawback tactics prove otherwise.

I urge under your leadership to hold a hearing with CBO on the latest outlook.

It is shocking that a commissioner would choose to resign rather than watch an agency's bipartisan tradition crumble in front of her eyes.

I'll flag one other concern for the bill. It would pre-judge the results of the FTC's current study on the economic effects of PBMs.

Our investigation found that the PBM scheme encourages drug makers to spike the drug's list price.

So, let's just assume that the FDIC or some other regulator or bank say to the community bank in Parkersburg, Iowa that you've got to make sure that you know what the carbon footprint is of the farmer and in 60 years of arming I don't know…

Knockoffs not only violate intellectual property rights; they also threaten the economy and consumer safety.

Namely, and most pressing of which, is fentanyl--which is coming from China and destroying our communities.

Improved information sharing between CBP and its private-sector partners would aid efforts to identify and curtail the sale of counterfeit imports.