News Releases

Senators Seek IRS Response to Enron Revelations 20224Dear Commissioner Wenzel: On February 13, 2003, the Senate Finance Committee received the official report of the investigation by the Joint Committee on Taxation (JCT) relating to the collapse of the Enron Corporation. The JCT report entitled, "Investigation of Enron Corporation and Related Entities...

Grassley, Kennedy Re-Introduce Bill to Help Disabled Children Health Care Initiative Inspired by Iowa Family ? Sen. Chuck Grassley is continuing his effort with Sen. Ted Kennedy to win passage of legislation to help disabled children. "Medicaid works well for a lot of people," Grassley said. "The problem is some families fall through the cracks. Many...

Grassley Introduces Tax Incentives for Alternative Energy Sen. Chuck Grassley is continuing his long-standing campaign to foster development of a wide range of alternative energy sources that would benefit Iowa's economy and reduce U.S. dependence on finite, foreign source of energy. "It makes sense to use the tax code to develop renewable energy. Cutting...

Grassley Introduces Tax Incentives for Alternative Energy Sen. Chuck Grassley is continuing his long-standing campaign to foster development of a wide range of alternative energy sources that would benefit Iowa's economy and reduce U.S. dependence on finite, foreign source of energy. "It makes sense to use the tax code to develop renewable energy. Cutting...

Grassley Outlines Steps to Increase Retirement Income Sen. Chuck Grassley, chairman of the Committee on Finance, today said American workers can take several key steps to increase their retirement savings, while other items require congressional action. "Americans are living longer than ever, but their retirement savings is dropping," Grassley said. "Some...

Word On: World Trade   Q: What does the new trade agreement with Chile mean for Iowa? A: I’m pleased the United States and Chile recently concluded negotiations on a bilateral free trade agreement. It’s been nearly a decade since the United States made a commitment to forge a free trade agreement with Chile. And in the meantime, Chile has entered into...

Sowing the Seeds of Hope By Senator Chuck Grassley, of Iowa   The hardships and heartaches that farm families confront during their stewardship of land and livestock too often goes largely unnoticed. The good news is a nonprofit network of support services currently is operating in Iowa and six other Midwestern states (Wisconsin, Minnesota, North...

Grassley Seeks Answers on IRS Audit of Watchdog Group Sen. Chuck Grassley, chairman of the Committee on Finance, has asked the Internal Revenue Service to explain allegations from a very credible source that the agency may be unfairly auditing a government watchdog group. "I'm chairman of the Senate committee with jurisdiction over the IRS," Grassley said....

Hearing to Examine Keeping Pension Plans Afloat especially small businesses -- offer pension plans to their employees than in decades. Cash-strapped airlines recently have made headlines with underfunded pension plans. The challenge for policymakers is to find ways to encourage employers to offer these pension plans and to make sure bad actors don't game...

Finance Committee to Examine Welfare Reform Successes Description: Many observers agree that welfare reform has been a success, but more needs to be done. Sen. Chuck Grassley, chairman of the Committee on Finance, will convene a hearing to hear testimony on what has worked so far with the 1996 law and identify areas that need to be improved. The hearing...

Grassley Works to Preserve Japanese Market for U.S. Beef 20008Dear Ambassador Kato: We are writing to you regarding an issue of the highest importance to the beef industry in the United States. Japan is the largest export market for U.S. food and agricultural products. In 2001, the United States exported $1.2 billion worth of beef to Japan alone. This...

Grassley Discusses Immigration Situation in Iowa with Homeland Security Secretary Ridge Iowa Senator Asks for Fully Staffed Des Moines Office and INS Personnel in Quad Cities 20528Dear Secretary Ridge: One year ago, I wrote to Attorney General Ashcroft about the increasing number of aliens who are penetrating the Quad Cities, an area that encompasses three...

Grassley Looks Forward to Senate Confirmation of Trade Nominees ? Sen. Chuck Grassley, chairman of the Committee on Finance, praised the committee's approval today of the nominations of Charlotte Lane and Daniel Pearson to the International Trade Commission. The nominees now will be sent to the Senate floor for a vote on their confirmation. "I look forward...

Grassley, Baucus Question SEC on Post-Enron Rule-making ? Sen. Chuck Grassley, chairman of the Committee on Finance, and Sen. Max Baucus, ranking member, have asked the Securities and Exchange Commission whether it plans to revisit a recent decision to allow accounting firms to provide tax consulting services to their audit clients. The senators asked...

Grassley Questions "Active Engagement" Requirement for Recipients of Farm Payments ? Sen. Chuck Grassley today sent a letter to the General Accounting Office to investigate the issue of "active engagement" relating to his campaign for legitimate, reasonable payment limits. Grassley is asking the GAO to look at whether USDA is properly enforcing the Farm...

Grassley Continues to Work for Education Iowa Senator Re-Introduces Legislation to Support Gifted and Talented Students ? Sen. Chuck Grassley has introduced legislation to help states provide educational services to gifted and talented students. Grassley's bill would provide money to local school districts so that they can expand the availability of gifted...

Grassley: $1.4 Million to Iowa to Help Low-Income Families Pay for Home Heating ? Sen. Chuck Grassley today announced that President Bush has released $151,262,685 in Low Income Home Energy Assistance Program (LIHEAP) funds. Iowa will receive $1,482,272 of this release, bringing their total fiscal 2003 funding to $32,238,691 so far this year. LIHEAP is the...

Word On: Obesity in Youth   Q: What is the Youth Fitness and Obesity Institute? A: The University of Northern Iowa in Cedar Falls launched an effort in 2001 to address what most view as an unhealthy epidemic among young Americans: sedentary lifestyles and overweight bodies. In its first year, the Youth Fitness and Obesity Institute set four goals to...

Kiss Tax Tricks Good-bye By Senator Chuck Grassley, of Iowa   They say death and taxes are inevitable. Apparently not however, if you have a team of high-paid lawyers, accountants and bankers scheming to engineer a sophisticated tax shelter designed to hoodwink the IRS and pad your profits. In fact, the IRS estimates such plans allow some corporations...

Grassley Works to Help Rathbun Lake ? Sen. Chuck Grassley has introduced legislation in support of the Rathbun Regional Water Association. The bill was introduced with Sen. Tom Harkin. "I've been working with the Rathbun Regional Water Association for a long time. I want to be make sure this gets done to enhance recreation on the lake, the water supply for...