News Releases
Crapo, Burr Reintroduce Legislation to Tackle Prescription Drug Prices, Encourage New Treatments
U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, and U.S. Senator Richard Burr (R-North Carolina), Ranking Member of the Senate Health, Education, Labor and Pensions Committee, reintroduced the Lower Costs, More Cures Act (LCMCA) to lower prescription drug prices, bring greater transparency to the prescription drug industry, and encourage American ingenuity in the development of new treatments and cures. Original co-sponsors of the legislation include Senators … Continue Reading
June 21, 2021
Crapo Requests Review of IRS Data Security
U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, has requested a review by the Government Accountability Office (GAO) of the Internal Revenue Service's (IRS) data security practices, procedures and methods. The request follows the unauthorized disclosure of individuals' confidential tax returns to the media outlet, ProPublica. From the letter: "The size and scope of the apparent disclosure to ProPublica of confidential taxpayer information from a government … Continue Reading
June 17, 2021
Crapo, Wyden Introduce Bill To Boost Domestic Manufacturing Of Semiconductors
Washington, D.C.--Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Committee Chairman Ron Wyden (D-Oregon) today introduced legislation to strengthen U.S. semiconductor supply chains by incentivizing domestic manufacturing of this critical technology. The Facilitating American-Built Semiconductors (FABS) Act is cosponsored by Senators John Cornyn (R-Texas), Mark Warner (D-Virginia), Steve Daines (R-Montana) and Debbie Stabenow (D-Michigan). The share of global semiconductor pro… Continue Reading
June 16, 2021
What They Are Saying: Hearing Protection Act
Washington, D.C.--Senator Crapo and 14 Senate Republicans reintroduced the Hearing Protection Act, S. 2050, which would provide recreational gun users better access to hearing protection equipment by reclassifying suppressors to regulate them like regular firearms. Suppressors reduce the noise of a gunshot by an average of 20-35 dB, roughly the same as earplugs or earmuffs. Co-sponsors include Senators Jim Risch (R-Idaho), Joni Ernst (R-Iowa), Kevin Cramer (R-North Dakota), Jerry Moran (R-Kans… Continue Reading
June 16, 2021
Crapo Concerned with Proposals to Expand IRS Data Collection
Washington, D.C.--At a U.S. Senate Finance Committee hearing on the President's Fiscal Year 2022 Budget with U.S. Department of the Treasury Secretary Janet Yellen, Ranking Member Mike Crapo said he is concerned with proposals to expand Internal Revenue Service (IRS) reporting requirements, particularly in light of a recent IRS data leak of private taxpayer information. To view excerpts of Senator Crapo's remarks, click HERE or the image above. Key excerpts: [The Administration's budget] pr… Continue Reading
June 16, 2021
Crapo Statement at Hearing on the President’s Budget
U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, delivered the following remarks at a hearing on the President's Fiscal Year 2022 Budget with U.S. Department of Treasury Secretary Janet Yellen. The text of Ranking Member Crapo's remarks, as prepared, is below. "Thank you Mr. Chairman, and thank you, Secretary Yellen, for joining us today. "Today, we will discuss the President's Fiscal Year 2022 budget and proposals for Treasury and its agencies. "The… Continue Reading
June 15, 2021
Crapo, Colleagues Reintroduce Hearing Protection Act
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) led a group of 14 additional Senate colleagues in reintroducing the Hearing Protection Act (HPA). The HPA, S. 2050, would reclassify suppressors to regulate them like a regular firearm. The measure would benefit Idaho's recreational gun users and provide them better access to hearing protection equipment. Original co-sponsors of the legislation include Senators Jim Risch (R-Idaho), Joni Ernst (R-Iowa), Kevin Cramer (R-North Dakota), Jerry Mo… Continue Reading
June 15, 2021
Crapo Statement at Hearing on Mental Health Care in America
U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, delivered the following remarks at a hearing entitled, "Mental Health Care in America: Addressing Root Causes and Identifying Policy Solutions." The text of Ranking Member Crapo's remarks, as prepared, is below. "Thank you, Mr. Chairman. Ensuring access to high-quality mental health services has been-and must continue to be-a priority. "Far too often, individuals with mental health, addiction or substanc… Continue Reading
June 14, 2021
Crapo, Risch, Young, Rubio: Houthis Must Be Held Accountable for Atrocities in Yemen
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) joined Senator Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, and Senators Todd Young (R-Indiana) and Marco Rubio (R-Florida)in sending a letter to U.S. Ambassador to the United Nations (U.N.) Linda Thomas-Greenfield asking her to bring much-needed international attention to the violent human rights abuses and mass indoctrination of the Yemeni people by the Iranian-backed Houthis. "We write to express serious co… Continue Reading
June 14, 2021
Crapo Introduces Constitutional Amendment to Prohibit Physical Desecration of the American Flag
Washington, D.C.--On Flag Day 2021, U.S. Senator Mike Crapo (R-Idaho) joined Senators Steve Daines (R-Montana), Marsha Blackburn (R-Tennessee), Shelley Moore Capito (R-West Virginia) and Kevin Cramer (R-North Dakota) in introducing a constitutional amendment to prohibit the physical desecration of the American flag. "The American flag is one of the most visible and enduring symbols of our nation's great history, our struggle for independence and the continued belief in liberty and justice for … Continue Reading
June 14, 2021
Senate Republicans to Biden DOJ: “Do Your Jobs” on IRS Leaks
Washington, D.C.--U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), U.S. Senate Republican Leader Mitch McConnell (R-Kentucky) and U.S. Senate Judiciary Committee Ranking Member Chuck Grassley (R-Iowa) sent a letter to U.S. Attorney General Merrick Garland and FBI Director Christopher Wray demanding a prompt investigation and prosecution of the latest IRS leak of confidential taxpayer information. The following are excerpts from the letter: […] "Paying one's taxes i… Continue Reading
June 14, 2021
Crapo and Toomey Call on Commerce Dept. to Release Series of Reports Justifying Use of National Security Tariffs
Washington, D.C.--U.S. Senators Mike Crapo (R-Idaho), Ranking Member of the U.S. Senate Finance Committee, and Pat Toomey (R-Pennsylvania), Ranking Member of the U.S. Senate Banking Committee, are calling on Commerce Department Secretary Gina Raimondo to release a series of reports that make recommendations on the imposition of Section 232 'national security tariffs' on various products. In a letter to Secretary Raimondo, Senators Crapo and Toomey request the release of the five relevant report… Continue Reading
June 11, 2021
Finance Committee Republicans Demand Investigation into Massive, Illegal IRS Data Leak
U.S. Senate Finance Committee Republicans are demanding an investigation into the apparent massive leak of more than 15 years of legally protected, personal taxpayer information from the Internal Revenue Service (IRS) to the media outlet ProPublica. In a letter to the Treasury Inspector General for Tax Administration (TIGTA), the senators note the nature of the information suggests it came directly from the IRS, constituting a serious breach of privacy and criminal violation of tax law. They a… Continue Reading
June 11, 2021
Crapo, Risch, Johnson, Colleagues Introduce Legislation to Place Constitutional Check on Iran Deal
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) joined Senator Jim Risch (R-Idaho), Ron Johnson (R-Wisconsin) and 20 additional Republican colleagues in introducing the Iran Nuclear Treaty Act. The bill would give the American people a proper constitutional check by requiring that the president submit to Congress any renewed nuclear deal with Iran as a treaty. The Iran Nuclear Treaty Act would strengthen the role Congress plays by ensuring the advice and consent of the Senate is taken into… Continue Reading
June 10, 2021
Crapo Announces Summer Interns
Washington, D.C.--Four interns have joined U.S. Senator Mike Crapo's (R-Idaho) Washington, D.C., Pocatello and Boise offices for the summer term. "Each of the interns joining my office for this term have demonstrated an interest in public service and will gain first-hand experience of the federal legislative process," said Crapo. "As Congress considers vital pieces of legislation, their work will greatly assist in my service to Idahoans. Each brings a fresh perspective to our offices, and I … Continue Reading
June 09, 2021
Crapo, Risch Introduce Bill to Save Keystone Jobs
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) joined Jim Risch (R-Idaho) and 9 additional Senate Republican colleagues in introducing the Defending Keystone Jobs Act, which would require the Department of Labor to submit a report to Congress on the number of jobs lost as a direct or indirect result of the Biden Administration's move to cancel construction of the Keystone XL pipeline. Cancelation of Keystone construction stands in contrast with the Administration's decision to waive sancti… Continue Reading
June 09, 2021
Crapo, Brady to IRS: Breach of Taxpayer Data Cannot Be Tolerated
Washington, D.C.--Following an egregious and illegal breach of taxpayer privacy, stemming from the apparent leak of confidential taxpayer information from the Internal Revenue Service (IRS) to the media outlet ProPublica, U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and U.S. House Ways and Means Republican Leader Kevin Brady (R-Texas) are demanding answers. In a letter to Commissioner Charles Rettig, the members warn that with the Biden Administration's proposal to expand … Continue Reading
June 08, 2021
Crapo, Risch on Final Passage of China Legislation
Washington, D.C.--U.S. Senators Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, and Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, released the following statements on the Senate's final passage of the United States Innovation and Competition Act (S.1260): "This bipartisan, Senate-wide effort ensures the United States is positioned to compete on a fair playing field globally, especially with China," said Crapo. "As Ranking Member of the Fin… Continue Reading
June 08, 2021
Crapo Concerned with New Proposed IRS Big Data Collection
Washington, D.C.--During a U.S. Senate Finance Committee hearing to consider the Internal Revenue Service's (IRS) Fiscal Year 2022 budget, Ranking Member Mike Crapo (R-Idaho) expressed concerns with a recent data leak of personal tax records at the IRS, and reiterated his longstanding concerns with big data collection and new proposals to provide IRS with near universal access to reporting of Americans' financial account information. Key Excerpts: "We are seeing information today that appear… Continue Reading
June 08, 2021
Crapo Renews Request for Detailed “Tax Gap” Information
Washington, D.C.--At a U.S. Senate Finance Committee hearing with Internal Revenue Service's (IRS) Commissioner Rettig, Ranking Member Mike Crapo (R-Idaho) reiterated his request for detailed information on the IRS's recent "tax gap" estimates. "When you testified earlier before the committee, you estimated that the tax gap could be as high as $1 trillion dollars. . . You mentioned that some of the reasons for the increase in the tax gap estimate from ten years ago were inflation, cryptocurrenc… Continue Reading
