East PDX Today

WASHINGTON, D.C. – Rep. Lori Chavez-DeRemer (OR-05) released the following statement after voting in favor of H.R. 3746, the Fiscal Responsibility Act – bipartisan legislation that lifts the debt ceiling until 2025 and saves taxpayers $2.1 trillion over the next six years, according to an analysis by the nonpartisan Congressional Budget Office (CBO).

“The Fiscal Responsibility Act is a bipartisan solution to America’s debt crisis that proves government functions best when both sides come to the table, rise above gridlock, and work to find common ground. The nature of divided government is that not everyone gets everything they want, and that is certainly true about this legislation – but it's a pragmatic proposal that serves Oregonians and the American people well. 

“While protecting Social Security, Medicare, veterans’ programs, and national defense priorities, the Fiscal Responsibility Act will prevent inflation from getting worse by limiting future spending growth, rescinding $29 billion in unobligated and unspent COVID funds, and implementing permitting changes that would streamline construction projects and create good-paying union jobs in Oregon. I’m optimistic that this legislation will mark a new chapter in Washington – ushering in a new era of fiscal responsibility that will ensure our children and grandchildren don’t get stuck with our maxed-out $31 trillion credit card.

“I was elected to Congress on the promise that I’d utilize my experience as a mayor to work with anyone to get things done. At the end of the day, I know Oregonians want to see less partisanship coming out of D. C. — not more. They want leaders to find common ground. That's why I'm pleased Speaker McCarthy and President Biden were able to reach this bipartisan agreement, and I was proud to support the bill to avoid default and enact responsible spending policies,” Chavez-DeRemer said.

Full text of the bill is available HERE.

Original source can be found here.