Rep. Ted Budd Sponsors Bill to Rescind Funding for 87,000 New IRS Agents

| Posted in Press Releases
Tags: Economy

Washington, D.C. – Rep. Ted Budd has sponsored H.R. 9092, the Family and Small Business Taxpayer Protection Act. The bill would rescind the new funding provided to the Internal Revenue Service (IRS) in the “Inflation Reduction Act” for increased enforcement, including the hiring of 87,000 new agents. The bill was originally introduced by Rep. Adrian Smith (R-NE). Rep. Budd said in a…

Rep. Ted Budd Urges DOD to Raise Troop Pay to Cover Inflation

| Posted in Press Releases

Washington, D.C. – Today, Rep. Ted Budd (R-NC) sent a letter to Secretary of Defense Lloyd Austin urging him to commit to using new legal authority to increase Inflation Bonus Payments to match the most recent Consumer Price Index (CPI) level. Full text of the letter: On August 15, 2022, Michael Gristion, the Sergeant Major of the Army, penned an article titled “The Army’s Financial…

House Passes Budd-Sponsored Foreign Merger Subsidy Disclosure Act

| Posted in Press Releases

Washington, D.C. – The House of Representatives has passed H.R. 5639, the Foreign Merger Subsidy Disclosure Act. Rep. Ted Budd (R-NC) is a co-sponsor of the bill.  The bill requires American companies to disclose any economic support they have received from a foreign nation. Rep. Budd said in a statement: “The American people have a right to know if U.S. companies have any…

Rep. Ted Budd Introduces Bill to Stop U.S. Chip Money From Flowing to China

| Posted in Press Releases

Washington, D.C. – Today, Rep. Ted Budd (R-NC) introduced the No Chips For China Act. The bill prevents companies that take taxpayer funding in the CHIPS and Science Act from building or transferring any semiconductor manufacturing operations to China for 10 years. The current CHIPS and Science Act exempts legacy semiconductors from this ban, even though legacy chips are critical to…

Rep. Ted Budd Speaks in Support of Lexington Train Station BUILD Grant

| Posted in Press Releases

Lexington, N.C. – Today, Rep. Ted Budd (R-NC) spoke at a press conference in support of a $25 million Better Utilizing Investment to Leverage Development (BUILD) grant from the Department of Transportation for the City of Lexington to build a new train station at the Lexington Depot. Rep. Budd helped secure the grant that was announced on September 10, 2020. Read more about the grant…

Rep. Ted Budd Votes to Increase Police Funding

| Posted in Press Releases

Washington, D.C. – Today, Rep. Ted Budd (R-NC) voted for House measures to provide more resources to police departments across North Carolina. H.R. 6448, the Invest to Protect Act, increases Office of Community Oriented Policing Services (COPS) grants to local and tribal governments with fewer than 125 law enforcement officers. H.R. 5768, the VICTIM Act, creates a new $1 billion grant…

Rep. Ted Budd Demands Answers After U.S. Battery Technology Improperly Sold to China

| Posted in Press Releases

Washington, D.C. – Today, Rep. Ted Budd (R-NC) sent a letter to the Department of Energy (DOE) demanding answers after the DOE wrongfully allowed the transfer of advanced, cutting-edge battery technology developed in a federally-sponsored laboratory to a Chinese company. Full text of the letter: An August 9, 2022 report from National Public Radio (NPR) laid out, in detail, how the…

Rep. Ted Budd Receives Digital Future Award for Supporting U.S. Innovation

| Posted in Press Releases
Tags: Economy

Washington, D.C. – Rep. Ted Budd (R-NC) has received the Digital Future Award from the Crypto Council for Innovation. “The Crypto Council for Innovation’s Digital Future Award recognizes policymakers who have shown a willingness to learn from and interact with the digital assets industry, have been consistently engaged in key issues, and demonstrated a collaborative approach to an issue…

Rep. Ted Budd Sponsors Bill to Increase Penalties for Illicit Fentanyl Development

| Posted in Press Releases

Washington, D.C. – Rep. Ted Budd (R-NC) has co-sponsored H.R. 8175, Stop Pills That Kill Act. The bipartisan bill would ensure that current penalties for possessing the paraphernalia used to manufacture methamphetamine would also apply to possessing the paraphernalia used to create counterfeit pills that contain methamphetamine, fentanyl, and fentanyl analogues. Rep. Budd said in a…

Rep. Ted Budd Sponsors Felony Murder for Deadly Fentanyl Distribution Act

| Posted in Press Releases

Washington, D.C. – Rep. Ted Budd (R-NC) has co-sponsored the Felony Murder for Deadly Fentanyl Distribution Act. The bill makes makes the distribution of fentanyl resulting in death chargeable as a felony murder. The bill was originally introduced by Rep. Tony Gonzales (R-TX). Rep. Budd said in a statement: “Criminals who knowingly traffic in deadly drugs like fentanyl deserve to face…

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