OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Bringing Transparency and Accountability to State Exchanges

Floor Speech

Date: June 13, 2016
Location: Washington, DC
Issues: Government Budget and Spending

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Mr. ALLEN. Mr. Speaker, I rise to thank the Subcommittee on Health of the House Committee on Energy and Commerce for their recent hearing on my legislation, H.R. 4262, the Transparency and Accountability of Failed Exchanges Act.

ObamaCare just had its sixth anniversary. In those 6 years, we have learned just how disastrous ObamaCare is, exposing its many flaws. One of those being when the President freely gave money away to States to establish State exchanges, he forgot a major piece of the puzzle. The administration failed to provide a solution to recover these funds when these State exchanges failed.

Since then, billions of taxpayer dollars have been spent, and exchanges in multiple States have failed.

Well, what has happened to the money if the exchange failed?

My legislation establishes a two-step plan to recover Federal funds. It conducts an audit to see how and where the money was spent and requires unused funds be returned back to the Treasury for needed deficit reduction.

Again, I thank the committee for their interest in H.R. 4262 and encourage my colleagues to cosponsor this legislation. It is time to bring transparency and accountability to State exchanges.

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