On the recordNovember 14, 2024
Mr. Speaker, I thank the voters of America for overwhelmingly turning out to reelect a Republican majority in the United States House of Representatives. I had the honor of serving this Congress as chairman of the House Oversight Committee, and I plan on serving my final 2 years as chairman in the next Congress. The House Oversight Committee passed 23 good government bills through this House body, most of which received bipartisan majorities. The House Oversight Committee also led many successful investigations and probes, including our bipartisan PBM investigation--that is pharmacy benefit managers. Our investigation revealed, along with our three bipartisan committee hearings, that the pharmacy benefit managers were actually doing the opposite of what they were created to do. They were created to help lower the price of prescription drugs when, in fact, in many instances they have actually increased the price of prescription drugs. I believe our work on the House Oversight Committee will lead to significant reforms for the PBM industry in this next Congress. We also had many other successful investigations, the most high profile of which was the Biden family influence peddling investigation, which revealed that the Biden family received tens of millions of dollars from our adversaries around the world, and according to the two IRS whistleblowers, never paid a penny of taxes on it.…
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