Fiscal Responsibility

In tough times, Montana families and businesses understand what it is like to live within their means. Washington’s culture of reckless spending and excessive borrowing is leading us down a dangerous path leaving our future generations with mountains of debt. The first bill I introduced as a member of the House and Senate, was the Balanced Budget Accountability Act. It ensures that Congress balances a budget, or members of Congress don’t get paid. It’s that simple: No balanced budget, No paycheck. 

The sustainable path to fiscal health won’t happen overnight, Congress needs to balance the budget. As a businessman, I will always work to bring commonsense to Washington, DC.

Daines Joins Colleagues in Introducing Measure to Overturn Harmful Credit Card Fee Rule

U.S. SENATE – U.S. Senator Steve Daines helped introduce a measure to overturn the Consumer Financial Protection Bureau’s (CFPB) rule capping credit card late penalties. The Congressional Review Act (CRA) resolution argues the CFPB’s rule will decrease the availability of credit card products for those who need it most, raise rates for many borrowers who carry a balance but pay on time, and increase the likelihood of late payments across the board. “During a time when inflation is already at a record high thanks to the Biden Administration, this rule from the CFPB doesn’t help ease the financial strain on Montana

Daines Votes Against Fueling Congress’ Spending Insanity

U.S. SENATE – U.S. Senator Steve Daines today voted against the $1.7 trillion, 4,155-page omnibus spending package that includes $9.8 billion of earmarks, fails to secure the southern border and will spur inflation.   “At a time when Montanans are already facing sky-high prices everywhere from the grocery store to the gas pump, I cannot support a $1.7 trillion package that was written behind closed doors, is packed with wasteful spending and fails to address the crises facing Montana families like the wide-open southern border. Rather than getting Congress’ fiscal house in order, this giant bill will only fuel inflation and big government spending insanity. Montanans deserve transparency and accountability from their

Daines Introduces Bill to Hold IRS Accountable

U.S. SENATE – U.S. Senator Steve Daines, member of the U.S. Senate Finance Committee, helped introduce legislation to enable oversight of the IRS and provide accountability to Montana taxpayers. “The Democrats gave the IRS a blank check to go after small businesses, farms, and Montana families with an army of 87,000 new agents and 1.2 million additional audits. It’s our job to prevent the IRS from being used as a political weapon, and to keep them transparent and accountable to Montanans,” Daines said. Senator Daines was joined by Senators Thune (R-S.D.), Grassley (R-Iowa), Barrasso (R-Wyo.), Braun (R-Ind.), Burr (R-N.C.), Cassidy (R-La.), Cornyn (R-Texas), Crapo (R-Idaho), Lankford (R-Okla.), Portman (R-Ohio), Toomey

Daines, Colleagues Seek Nonpartisan Assessment of Democrats’ Reckless Inflation Wreckage on America’s Federal Debt

U.S. SENATE – U.S. Senator Steve Daines, member of the Senate Finance Committee and the Senate Banking Committee, today led a group of his colleagues in sending a letter to the nonpartisan Congressional Budget Office (CBO) demanding a swift and thorough assessment of the short and long term effects of the Democrats’ reckless spending and inflationary policies on the nation’s fiscal future. “We write to obtain CBO’s assessment of the effects of rapid acceleration of interest rates on net interest costs of servicing the $31-trillion-plus, and growing, federal debt, and effects of the runaway 40-year high consumer price inflation that has been hammering American families and

Daines: Inflation is a Tax on All Montanans

U.S. SENATE – U.S. Senator Steve Daines today issued the following statement after the September Producer Price Index (PPI) rose to 8.5% and the Consumer Price Index (CPI) climbed to 8.2% year over year. “Another month of crushing inflation means another month of Montanans struggling to put food on the table and gas in their pickups. Inflation is a tax on all Montanans, and those who can afford it the least, feel it the most,” Daines said. “President Biden and the Democrats need to wake up and put an end to their disastrous policies that are fueling sky-high inflation.”  Contact: Rachel Dumke,  Blake Kernen

Daines Statement on New Record Inflation Numbers

U.S. SENATE – U.S. Senator Daines today issued the following statement after the latest inflation numbers came out higher than expected at 9.1%, breaking a new 41-year record. “Yet another month of crushing inflation numbers breaking the bank for families across Montana. Montanans cannot afford President Biden’s disastrous economy and policies,” Daines said.  Contact: Rachel Dumke,  Blake Kernen  

Daines Introduces Legislation to Protect Montanans’ Retirement Savings from the Whims of Woke CEOs

U.S. SENATE – U.S. Senator Steve Daines introduced a bill to prevent financial institutions from prioritizing extraneous factors like environmental social governance over the security of workers’ retirement savings.  “Montanans should not have to pay the price for the whims of wokeness with their hard-earned life savings. Fiduciaries must remember their responsibility is to their shareholders, not the woke mob – these are financial institutions, not pop-up shops for the radical Left,” Daines said.  Daines’ “Securing Employee Retirement Returns Act” would codify the Trump Administration Department of Labor rules for fiduciaries under the Employee Retirement Income Security Act (ERISA).  Background:   On May 20, 2021 President Biden issued an Executive Order on Climate

Daines Introduces Bill to Protect Middle Class Savings Amid Skyrocketing Inflation

U.S. SENATE – U.S. Senator Steve Daines helped introduce the “Middle-Class Savings and Investment Act,” which will help Montana families invest towards their future amid this period of historic inflation and economic hardship. The bill would provide tax relief to lower and middle-income families and retirees as inflation outpaces the growth of their savings.  “From prices at the grocery store to the gas pump, President Biden’s economy is bankrupting Montana families and making it hard to plan for the future, or even tomorrow. This bill will help give hardworking, middle class Montana families a leg up by expanding tax free investment and retirement savings

Daines Announces Framework for Support for Families, Pregnant Moms

U.S. SENATE – U.S. Senator Steve Daines (R-MT) today announced the Family Security Act 2.0 which will help support Montana families. The pro-family, pro-life, and pro-marriage plan would modernize antiquated federal policies into a fully paid-for cash benefit for working families starting during pregnancy, amounting to $350 a month for each young child and $250 a month for each school-aged child.  “Families are the building blocks of our communities—we must ensure parents and children are receiving the support they need. Our plan will ensure policies are working for families while not adding to the national debt. This framework will strengthen our commitment to help working American families grow