Energy

Recently, Energy Secretary Jennifer Granholm announced the U.S. would purchase up to 6 million barrels of oil at a costly $79 per barrel to replenish the Strategic Petroleum Reserve (SPR). Unfortunately, this is a problem of the Administration’s own making.   In March 2020, President Trump moved to buy oil for the SPR when the price was around $24 per barrel, but Democrats blocked… Read more »

This week, Congressmen Bill Huizenga (MI-4), Chairman of the Subcommittee on Oversight and Investigations and Blaine Luetkemeyer (MO-3), Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, sent a letter to Secretary of State Anthony Blinken expressing concerns over sanctions relief that allows Iran to stockpile money and fund… Read more »

Today, Congressman Bill Huizenga (R-MI), Chairman of the House Financial Services Subcommittee on Oversight and Investigations, introduced the No U.S. Financing for Iran Act. This bill would effectively cut off the Iranian Government from the U.S. financial system. Additionally, this measure would prevent the Export-Import Bank as well as the International Monetary Fund (IMF) from… Read more »

A recent study from Moody’s Analytics showed American households are currently paying $709 more each month than they did for the same goods two years ago. Inflation, fueled by Washington’s out-of-control spending, has made it harder for families to make ends meet. Unfortunately, Southwest Michigan families received an additional sticker shock from back-to-school shopping. According to… Read more »

Today, Congressman Bill Huizenga (R-MI) pressed Assistant Secretary of the Treasury for Investment Security, Paul Rosen, over concerns surrounding the federal government’s oversight of Gotion Inc.’s proposal to build electric battery plants near Big Rapids, Michigan. The parent company of Gotion has established ties to the Chinese Communist Party. During the House Financial Services… Read more »

Today, Congressman Bill Huizenga (MI-04) released the following statement after Holtec International and Wolverine Power Cooperative announced the signing of a power purchase agreement. “This partnership completes another important step in the effort to restore clean, carbon-free energy production at the Palisades Nuclear Facility,” said Congressman Bill Huizenga. “Given the shared goal… Read more »

Today, Chairman of the House Financial Services Subcommittee on Oversight and Investigations, Congressman Bill Huizenga (R-MI), released the following statement after sending letters of inquiry to asset managers at BlackRock, Vanguard, State Street, J.P. Morgan Chase, T. Rowe Price, Prudential, Goldman Sachs, Fidelity, Capital Group Companies, and the Bank of New York Mellon.… Read more »

Today, Congressman Bill Huizenga (R-MI) announced the introduction of the AUKUS Submarine Transfer Authorization Act, co-sponsored by House Foreign Affairs Committee Chairman Michael McCaul (R-TX). AUKUS is the trilateral security partnership between Australia, the United Kingdom, and the United States. This legislation would authorize the sale of up to two Virginia Class Submarines to… Read more »

Yesterday, Congressman Bill Huizenga (MI-4) pressed Special Presidential Envoy John Kerry about the Biden Administration’s plans for nuclear energy with regards to reducing carbon emissions. Specifically, Rep. Huizenga asked about the Administration’s position on restarting the Palisades Plant. The exchange and additional comments from Congressman Huizenga are available… Read more »

On Wednesday evening, Congressman Huizenga appeared on "The Bottom Line" to discuss the ESG working group and how House Republicans will be addressing concerns over ESG in the weeks ahead. During the conversation, Rep. Huizenga made clear the fiduciary responsibility for asset managers, proxy advisors, and even the SEC should be on maximizing returns for investors, not pushing an… Read more »