Congress
Congress wants oversight of Venezuelan oil revenues
Congressional lawmakers from both parties are signaling that despite President Donald Trump’s assertion that he will control the money gained from selling Venezuelan oil turned over to the United States, they’ll want to check the books.
Democrats said they were appalled by the Trump administration’s plans to sell Venezuelan oil “indefinitely” and control the revenue, suggesting it would amount to a takeover of the country’s fledgling oil industry.
“It’s an insane plan,” Sen. Chris Murphy (D-Conn.) told Blue Light News coming out of a briefing Wednesday with Trump administration officials on Venezuela. “They are proposing to steal Venezuela’s oil at gunpoint forever and use that leverage to run the country.”
Republicans expressed tepid support for the plan, and though they projected confidence in Energy Secretary Chris Wright’s ability to manage the funds, they demanded some oversight over how the money would be spent.
“Chris Wright is brilliant when it comes to energy,” said Sen. John Hoeven (R-N.D.) after the briefing. “Nobody’s going to do a better job than him in terms of making sure that that oil is properly marketed. Congress will have an oversight role. He’ll [Wright] be up here testifying in front of us exactly how they’re doing it.”
Sen. Kevin Cramer (R-N.D.) said the U.S. controlling oil revenues would provide important “leverage” over Venezuela’s government, given the fragile state of its economy.
“As long as we can control how they spend it, that could be a really important part of rebuilding the country and democracy in the region,” Cramer said after the briefing.
But he expressed some hesitation around selling the oil in the United States that would compete with crude produced in the United States. Both Cramer and Hoeven represent a state that is one of the largest oil producers in the United States but has recently seen its output plateau amid weak prices. The type of oil it produces wouldn’t compete directly with the lower-quality grades coming from Venezuela, but could be pushed out at the margins.
“As long as it’s not sold at a discount I probably don’t have a big problem with it. As long as they aren’t going to use that dirty, cheap oil to flood the market,” Cramer said.
Speaker Mike Johnson in an interview earlier Wednesday said he didn’t have the full details of the administration’s plans to secure oil fields and output in Venezuela, but he said he thought the plan “makes sense.”
And he said he did not expect the Trump administration would spend taxpayer dollars for the effort.
“I do not expect that they would,” he said.
Meredith Lee Hill contributed to this report.
Congress
RFK Jr. will remake panel that determines which preventative services insurers must cover
Health Secretary Robert F. Kennedy Jr. said Thursday he’s overhauling a group of external experts who decide what medical services are preventive and must be covered fully by insurers under the Affordable Care Act.
“That committee has been lackadaisical and negligent for 20 years,” Kennedy said of the U.S. Preventive Services Task Force, speaking before the House Ways and Means Committee.
Made of 16 experts, the task force is working on draft recommendations on autism screening in young children; breast cancer risk assessment and drugs to reduce risk; and counseling on early allergen introduction to prevent infant food allergies. Autism and food allergies in children are among Kennedy’s priorities for improving children’s health.
But the Department of Health and Human Services canceled three of the four meetings the group was scheduled to hold since President Donald Trump took office last year.
The Wall Street Journal reported last summer that Kennedy was planning to remove all 16 task force members because he considered them too “woke.”
“We’re now bringing new members on who have a clear mission,” Kennedy told lawmakers Thursday, adding that the task force will have more frequent meetings and transparency.
The Supreme Court ruled in June that the health secretary has the power to fire and appoint members of the task force and to reject its recommendations for which screenings or drugs should be offered to certain populations.
But some public health advocates worry that Kennedy would remake the U.S. Preventive Services Task Force to align it with his views, many of which go against mainstream science, the same way he overhauled the Advisory Committee on Immunization Practices that advises the Centers for Disease Control and Prevention, appointing members who shared his skepticism of vaccine safety.
A federal judge in Boston ruled in March that Kennedy’s appointments to the vaccine panel had been made inappropriately and were invalid.
Congress
Johnson tries again on spy powers vote amid GOP rebellion
Speaker Mike Johnson will try again Thursday to push the House to extend an imperiled spy powers law after GOP resistance forced him to punt a vote Wednesday.
Johnson is scheduling a procedural vote for 3:15 p.m. and final passage around 5 p.m. He told POLITICO late Wednesday that he believed negotiators needed “a few more hours” to wrap up discussions on a potential compromise with conservatives concerned about U.S. citizens being caught up in government surveillance.
Talks between White House officials and House GOP hard-liners are ongoing, and there’s no deal yet, according to five people granted anonymity to discuss negotiations. Those people said an agreement by Friday seems more likely at this point and it’s possible Johnson has to delay the vote again ahead of the Monday expiration.
Johnson is racing to close out the internal GOP battle as President Donald Trump demands an 18-month extension of Section 702 of the Foreign Intelligence Surveillance Act.
The speaker needs to send the FISA extension to the Senate before the Monday deadline, leaving barely any time for the Senate to act and threatening a rare weekend session.
The House ultraconservatives opposed to the clean spy powers extension are trying to hash out an amendment involving warrant requirements, drawing on language from a measure by Louisiana Republican Rep. Clay Higgins.
White House officials, mindful of the ongoing Department of Homeland Security shutdown, are also trying to finalize an agreement so they can tackle a party-line immigration enforcement bill and end the funding lapse.
Congress
Capitol agenda: GOP losing patience over Warsh fight
Republicans who want Kevin Warsh confirmed as the country’s next top economic official are growing more exasperated at a Trump administration probe standing in the way.
For months, outgoing GOP Sen. Thom Tillis has said he’d blockade President Donald Trump’s pick until the Justice Department drops an investigation into current Fed Chair Jerome Powell. Now a growing chorus of Republicans, eager to install Warsh as Powell’s term as chair comes to a conclusion next month, are joining the call for the administration to end the probe.
Senate Majority Leader John Thune said Wednesday he believed the administration should wrap up its investigation, and acknowledged that Warsh is basically stuck until then.
“I think at some point they’re going to have to deal with the committee, and they’re going to have to deal with Tillis,” Thune said of the administration.
Tillis holds a deciding vote on the Senate Banking panel, which scheduled a hearing on Warsh’s confirmation Tuesday. His GOP colleagues on the committee haven’t committed to blocking Warsh with him, but some are taking his side in calling for an end to the investigation into whether Powell lied to Congress during testimony last year about cost overruns at the Fed’s Washington headquarters.
Sen. Mike Rounds, who has previously declined to weigh in on the probe, told reporters Wednesday he wants to see it dropped so that Warsh can be confirmed.
“The president wants a different Fed chair. And we want to help him get there,” Rounds said. “But that requires right now that they resolve the issue surrounding this prosecution that is still taking place.”
Another Banking Republican granted anonymity to speak candidly predicted the administration and Tillis would ultimately find an off-ramp but told Jordain Carney the DOJ “should drop the investigation.”
And over in the House — which holds no sway over nominations — Financial Services Chair French Hill said Wednesday “it’s time for the administration to draw that investigation to a conclusion,” as “we want to make sure that we’ve got a new confirmed head of the Fed that we can work with in conducting oversight.”
Trump, meanwhile, is digging in and ratcheting up his conflict with Powell. He threatened Wednesday to fire Powell if he stays on as chair once his term ends — a growing possibility amid the Warsh stalemate. That follows a visit that officials from U.S. Attorney Jeanine Pirro’s office made to the Fed’s headquarters this week.
Asked about the prospect of getting Tillis’ vote to help secure his Fed nominee, Trump said on Fox Business that the North Carolinian is “no longer a senator,” given that Tillis is retiring at the end of his term.
But Tillis is standing his ground, Jordain and Jasper Goodman report, and he’s leaving the door open to exercising his power even more.
Tillis also sits on Senate Judiciary, where he will have a vote in the event the panel considers a successor to outgoing Attorney General Pam Bondi. He’s already warned he will block any attorney general nominee who has dismissed the attack on the Capitol on Jan. 6, 2021. And he’s not completely ruling out making the Fed probe a litmus test for AG nominees if it continues.
“If we keep letting this go on, I have to consider other options for really amplifying my concern,” Tillis said of his Fed fight.
What else we’re watching:
— Johnson tries again on FISA: Speaker Mike Johnson is expecting to put a procedural vote on the House floor Thursday to renew key government spy powers after his attempt Wednesday failed. GOP leaders canceled a planned vote Wednesday amid disagreements over whether to allow members to amend the legislation reauthorizing Section 702 of the Foreign Intelligence Surveillance Act.
— RFK Jr. hearing palooza kicks off: Health and Human Services Secretary Robert F. Kennedy Jr. Thursday starts a stretch of seven congressional hearings in less than a week. The series serves as the first high-profile public forum to test the White House’s theory that Kennedy will help Republicans in the midterms.
— Selig likely to talk prediction markets: House Agriculture lawmakers Thursday are all but certain to press CFTC Chair Michael Selig on the surge in popularity — and controversy — surrounding prediction markets. Selig has emerged as the markets’ most prominent backer in Washington, but he’s also planning to make one thing clear to the lawmakers up front: He’s still the markets’ top cop.
Jordain Carney, Jasper Goodman, Mia McCarthy, Declan Harty, Carmen Paun, Simon Levien, Robert King and Cheyenne Haslett contributed to this report.
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