WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, today introduced the Build Now Act, which would incentivize new home construction by tying federal funds to cities’ rates of homebuilding. Sen. Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking Committee, joined Kennedy in introducing the bill.
“In my book, homeownership shouldn’t be a pipe dream for the average American family. Unfortunately, not everyone agrees with me. Government overregulation has brought homebuilding to a grinding halt and left ordinary people twisting in the wind as existing home prices went through the roof. I’m proud to introduce the Build Now Act to discourage pointless roadblocks and incentivize cities to help make the American Dream possible again,” said Kennedy.
“Americans are suffering under sky-high housing prices caused by a worsening housing shortage. The Federal government should use the tools at our disposal to reward communities that are taking bold action to build more housing and reduce families’ biggest monthly expense. It’s time for Congress to act—and this bipartisan proposal is a call to action to communities across the country to build housing now,” said Warren.
The United States today faces a housing crisis. Since 2021, the annual income needed to qualify for a mortgage has increased by 60%, driving the median age of a first-time home buyer to a record-high 38 years old.
By May 2025, new home construction rates had collapsed to their lowest level since the pandemic. On an annual basis, new home construction has fallen nearly 5%.
Currently, the Department of Housing and Urban Development (HUD)’s Community Development Block Grant Program (CDBG) provides annual grants to states, cities and counties irrespective of their rate of homebuilding.
The Build Now Act would:
- Require HUD to remove 10% of CDBG funding from cities that fail to improve their rate of homebuilding above the national median.
- Order HUD to proportionally reallocate those CDBG funds to cities that exceeded the national median rate of homebuilding. Under the Build Now Act, cities with the highest rates of growth would receive larger shares as funds are reallocated.
- Allow metropolitan areas two years to start building homes before HUD determines their level of CDBG funding.
The bill would not apply to cities where the median home value is below the national median or cities that issued an emergency disaster declaration in the last year.
In his role on the Senate Banking Committee, Kennedy has championed the cause of making homeownership easier for families, raising the issue frequently during recent hearings:
- In Jan. 2025, Kennedy questioned then-HUD Secretary nominee Scott Turner about the failures of previous affordable housing policies. During this hearing, he suggested an approach that would incentivize localities to allow more new home construction without affording excessive power to the federal government.
- At a hearing one week later, Kennedy outlined a potential “carrot-and-stick” system that would spur new home construction while allowing local governments to determine their exact means of doing so.
- In Feb. 2025, Kennedy questioned then-Director of the Federal Housing Finance Agency nominee Bill Pulte on the consequences of Americans borrowing large amounts of money to buy homes, noting that “we’ve got a house of cards here.”
Full text of the bill is available here.
Kennedy on Jimmy Graham: “He gave my people in Louisiana a lot of joy at a time they really needed it”
Jul 24 2025
Watch Kennedy’s comments here.
WASHINGTON – Sen. John Kennedy (R-La.) delivered the following remarks on the U.S. Senate floor:
“I just want to briefly thank Jimmy Graham. Who's Jimmy Graham? I know, Mr. President, you know who Jimmy Graham is. He was one of the best tight ends who ever played the game.
“Now, he was a New Orleans Saint, I think, for six or seven seasons. He played elsewhere. I looked it up. He played for the Seahawks. He played for the Packers. He played for the Bears, but he was a total beast in the best sense of the word, playing for the New Orleans Saints. And he has retired.
“After 13 years in the NFL, Jimmy has decided to retire. He was a big boy—he is a big boy—but he started out as a basketball player. He didn't play football. He played basketball. And he transformed himself.
“The numbers that Jimmy put up are just out of this world. They're other worldly. He is clearly one of the most prolific pass-catching tight ends in the history of the game.
“As you know, Mr. President, many tight ends just block. That's their job. Jimmy not only blocked, but he caught passes. And he caught a bunch of them. He is number seven in NFL history in receptions at 719. He ranks number eight in receiving yards at 8,545. He ranks fourth in touchdowns at 89.
“When he was with the Saints . . . in six seasons, Jimmy Graham caught 392 passes for 4,791 yards and 55 touchdowns. And he was a tight end. His first job was to block. He also caught a few balls. And he gave my people in Louisiana a lot of joy at a time they really needed it.
“And I just wanted to thank Mr. Graham for the joy that he brought to anybody and everybody who watched him play football, but especially when he played for the New Orleans Saints. I want to wish him well, and I wanted to end on some good news tonight.”
Watch Kennedy’s speech here.
Kennedy debunks Big Beautiful Bill myths: ‘Unless your soup of the day is gin, you know that is a lie’
Jul 24 2025
Watch Kennedy’s comments here.
WASHINGTON – Sen. John Kennedy (R-La.) delivered the following remarks on the U.S. Senate floor:
“Let me start with the reconciliation bill, which President Trump and others called the One Big Beautiful Bill.
“I continue to go through the bill, and every time I do, I’m impressed. This is a breathtaking bill in the sense that it covers so many subjects. I think each of us could spend hours talking about this bill. I'll just hit the highlights. This is one of the most far-reaching pieces of legislation that this body will ever pass.
“We extended the 2017 tax cuts—no small feat in itself. Had we not done that, the American people would have suffered under a $4.3 trillion tax increase. So, we stopped that tax increase. And some of my friends and colleagues talk about, ‘Well, all you did was stop a tax increase on the billionaires.’ That is nonsense. That is nonsense on a stick.
“Unless your soup of the day is gin, you know that is a lie.
“Half of that tax increase would have hit working men and working women and working families in this country. The other half would have hit our small businesses. And, yes, some of our large businesses. We stopped that. We made some of those tax cuts permanent.
“We cut taxes on tips. In this bill, we cut taxes on overtime. We cut taxes on Social Security. We cut taxes on car loans. We expanded a tax credit for childcare to help moms and dads pay for the childcare so they can work. We increased the child tax credit. We increased the standard deduction—and that's going to take effect immediately.
“We funded school choice. For years and years and years, I have tried—we all have tried, many of us have tried—to provide the American people, moms and dads, with school choice. This bill did it.
“I went to a public school. I'm proud of that, but competition makes all of us better. I can go to my overpriced Capitol Hill apartment or Capitol Hill grocery store and choose from six or seven types of mayonnaise. Why shouldn't we give parents, moms and dads, choices for their education? We're doing that with the school choice portion of this bill.
“We increase money for the border, and we increased money for defense.
“Now, we also addressed the problem in Medicaid. And I’ve been very disappointed because some commentators have said that we're going to throw off from the Medicaid rolls, I read, anywhere from 10 to 12 million people. And the implication in some of these articles and some of these comments is that we're just going to look at the Medicaid rolls and go through and say, ‘You're gone. We can't afford you.’ And that's not what this bill does.
“The first thing you have to realize is that actually Medicaid is not going to be cut at all under this bill. Under our bill that we just passed, our spending on Medicaid over the next 10 years is going to go up 20%. So, nobody is cutting Medicaid.
“There are some people, as a result of the new provisions that we have put into law, who will no longer be eligible for Medicaid and will no longer get Medicaid, but they weren't entitled to get it in the first place. So, when you say, ‘Well, you're throwing people off from Medicaid.’ They weren't entitled to it in the first place.
“You're not entitled to Medicaid if you're making $200,000 a year, and you didn't tell the truth when you signed up for the Medicaid in your state, and your state didn't verify your statements.
“But let me give you one example. CMS just put out a report. . . . 2.8 million of those Americans who will lose Medicaid are double dippers. They signed up twice. We have 1.2 million people on the Medicaid rolls who are signed up in two states. And the American taxpayer is paying twice. . . . Most states use Managed Care, and they pay per Medicaid patient. So, if a state is paying—let's say, I’ll pick a number—$18,000 per Medicaid patient per year to the health care organization to provide their care, and that person is signed up in two states, they're double dipping, and it's costing the American taxpayer two $8,000 payments a year. That's cheating.
“So, from one perspective, ‘You're throwing these people off Medicaid.’ They weren't entitled to double-dip in the first place. CMS also came out with a report—by CMS, I mean the Centers for Medicare and Medicaid Services, which is the federal agency that administers Medicare and Medicaid.
“CMS has also found that there are 1.6 million people who are on Medicaid today who are receiving both Medicaid and Obamacare.
“Well, what's Obamacare? I'll refresh everyone's memory. Medicaid is supposed to be for the poor and disabled. And Medicare is for the elderly. And a lot of other Americans have health insurance through their job. But there are certain numbers of Americans who don't have health insurance because they're not old enough for Medicare, and they're not poor enough for Medicaid, and maybe their employer doesn't offer health insurance. So, they can go to an exchange—we call them the Obamacare exchange—and buy health insurance.
“Now, President Obama and some of my colleagues—I wasn't here then—but when we passed Obamacare, the Obamacare exchanges, the Affordable Care Act, we were told health insurance would be cheaper. And we were told it would be more accessible. It's been neither. We were also told, ‘If you like your doctor, you can keep your doctor.’ That wasn't true either. But the point is that we have a number of Americans who—if they don't qualify for Medicare, they don't qualify for Medicaid, they don't get insurance through their employer—they go to the Obamacare exchanges.
“But CMS found we've got 1.6 million people who are getting both health insurance through the Obamacare exchanges, which we subsidized, taxpayers do, and through Medicaid. That's called double dipping. It's illegal. And CBO [Congressional Budget Office] can put out all the reports that they want to, saying, ‘Oh, you're throwing all of these people off Medicaid.’ Technically, they're right, but they're not eligible to be on Medicaid.
“I just gave you an example: 2.8 million people who are double-dipping. It's illegal to double-dip. It's immoral to double-dip. It's unfair to taxpayers to double-dip. All our bill does is say, ‘You can't double-dip.’ Cheating is wrong.
“Is that throwing people off Medicaid? Technically, yes, but once again, as the other provisions in this bill also do, we're taking people off Medicaid who weren't eligible for it in the first place. As a result of these 2.8 million people, I think CMS—I’m looking for their figure—I think it costs the American taxpayers, because of these 2.8 million folks who are double dipping, $14 billion a year over a ten-year window, which is the horizon we used. That's $140 billion that we're going to save, and that savings is going to go back into Medicaid to make it even stronger.
“That's just one example of how much of the reporting on our bill is misleading.”
Watch Kennedy’s speech here.
Kennedy applauds USDOT lease agreement for National Center of Excellence for LNG Safety in Lake Charles
Jul 22 2025
WASHINGTON – Senator John Kennedy (R-La.), a member of the Senate Appropriations Committee, issued the following statement applauding the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) for entering into a 20-year lease agreement with McNeese State University in Lake Charles, La., the location of the PHMSA National Center of Excellence for Liquefied Natural Gas (LNG) Safety (the Center). McNeese was chosen as the Center’s site earlier this year. The lease will start on August 1, 2025.
“LNG production is one of the most critical ways our nation can unleash our energy dominance and protect our national security, and Louisiana is leading the way. I’m proud to see the U.S. Department of Transportation take this major step forward in building our National Center of Excellence for LNG Safety in Lake Charles. This Center will be a game changer for our region and be the tip of the spear for LNG innovation, operations, and safety in the U.S.,” said Kennedy.
“Louisiana is at the heart of America’s growing LNG revolution. There is no better place to locate our Center of Excellence to ensure we safely transport this critical energy source,” said U.S. Transportation Secretary Sean P. Duffy.
The Protecting our Infrastructure of Pipelines and Enhancing Safety (PIPES) Act of 2020 required PHMSA to establish that the National Center of Excellence for LNG Safety improve the federal government’s LNG facility expertise, serve as an information repository on best practices for LNG facilities, and facilitate collaboration among LNG stakeholders.
“We are excited to reach another important milestone in the construction of the Center, which will be a hub for advancing U.S. LNG safety,” said PHMSA Acting Administrator Ben Kochman.
“We are thrilled to finalize the long-term lease with PHMSA for a location on our McNeese campus. This project has been in the works for over two years, and it would not have been possible without the tireless efforts of Senator Kennedy and his staff, our partners in Washington, D.C., and our colleagues at the University of Louisiana. We believe having PHMSA right here in Lake Charles—working alongside us—will serve as a powerful catalyst for securing the future of our region’s vital industries,” said Dr. Wade Rousse, President, McNeese State University.
Kennedy has long fought for the National Center of Excellence for LNG Safety and its presence in southwest Louisiana.
- In 2020, Kennedy inserted a provision into the PIPES Act requiring the Center to be located in Louisiana. The PIPES Act, including Kennedy’s addition, became law as part of the Consolidated Appropriations Act of 2021.
- In May 2024, Kennedy questioned then-Secretary of Transportation Pete Buttigieg during the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD Appropriations). In response to Kennedy’s questions, Buttigieg confirmed that the Center would be located in Lake Charles, La.
- During a May 2025 THUD Appropriations hearing, Kennedy questioned Secretary Duffy and confirmed that McNeese State University would be the site of the new Center. McNeese State University is the first undergraduate institution in the U.S. to offer a certificate program in the LNG Business and already hosts its own LNG Center of Excellence.
PHMSA and other federal agencies, including the U.S. Coast Guard, Department of Energy, and Federal Energy Regulatory Commission, have worked together to ensure the Center is focused on its mission of making the U.S. the leader in LNG operations.
Additional information about the National Center of Excellence for LNG Safety is available on PHMSA’s website.
WASHINGTON – Senator John Kennedy (R-La.) issued the following statement after the U.S. Senate approved the Trump administration’s rescissions request to cut $9 billion in wasteful spending from the federal budget identified by the Department of Government Efficiency (DOGE). This package, H.R. 4, the Rescissions Act, which accounts for one-tenth of one percent of the federal budget, returns to the U.S. House of Representatives for final consideration.
“President Trump ran on a platform of reducing the size of government and cutting unnecessary, wasteful spending. Thanks to his bold leadership and the support of the DOGE team, your hard-earned taxpayer dollars will no longer be wasted on this outrageous spending porn. American taxpayers shouldn’t be footing the bill to fund woke foreign aid or activist media. Their taxpayer money should be spent on initiatives that improve their lives, put more money in their pockets, and protect our great country. I’m eager for the House to pass this bill and send it to President Trump’s desk for his signature,” said Kennedy.
Background:
- The Trump administration’s initial rescissions package totals more than $9 billion in unnecessary spending.
- This package codifies spending cuts identified by DOGE, including $1.1 billion of cuts from the Corporation of Public Broadcasting (CPB), which provides funding to NPR and PBS, both politically biased and activist media systems, at taxpayers’ expense and $7.9 billion in radical and wasteful foreign aid spending at the Department of State, the U.S. Agency for International Development (USAID), and the U.S. Institute of Peace (USIP), among other programs.
Some examples of the wasteful spending porn that the Rescissions Act will cut:
- $18 million to improve gender diversity in the Mexican street lighting industry.
- $6 million for media organizations and civic life for Palestinians.
- $3.9 million for LGBTQI+ populations in the Western Balkans.
- $3 million for Iraqi Sesame Street.
- $2.5 million to teach children how to make environmentally friendly “reproductive health” decisions.
- $2.4 million to make aid more considerate of “sexual orientation and gender identity.”
- $1 million for voter ID in Haiti.
- $500,000 for electric buses in Rwanda.
- $500,000 for biodiversity in Peru.
Legislative Process:
- The Impoundment Control Act of 1974 requires the Executive Branch to spend the money Congress allocates each year, even though Congress allocated that money when President Biden was in office and Democrats controlled the Senate.
- Under the Impoundment Control Act, a new administration can attempt to permanently halt previously appropriated spending by submitting a rescissions request for congressional approval.
- President Trump did just that. In his initial rescission request, made in May 2025, he asked Congress to rescind roughly $8.3 billion from wasteful foreign aid programs and $1.1 billion from public broadcasting.
- The U.S. House of Representatives approved these initial cuts on June 12, 2025. The Impoundment Control Act only gives Congress 45 days to approve a rescissions request.
The full text of H.R. 4, the Rescissions Act, is available here.
WASHINGTON – Sen. John Kennedy (R-La.) penned this op-ed in National Review arguing that hospitals are failing to comply with federal regulations requiring them to display their prices for medical care clearly. Kennedy explains how his bill, the Hospital Transparency Compliance Enforcement Act, would help the Trump administration enforce price transparency rules and save patients money.
Key excerpts of the op-ed are below:
“It can be scary to go to the hospital when you are sick or injured, but it can be even more terrifying to get the bill.
“Many Americans have no way of knowing how much a hospital will charge them for a routine medical procedure until weeks later when the bill arrives in the mail. This doesn’t happen anywhere else. If I wanted to know the exact price of every mayonnaise at the grocery store, I could pull up the website and tell you in two minutes.
“This lack of transparency not only allows hospitals to charge breathtakingly high prices without fear of competition from other facilities, but it also allows them to charge different patients different rates for the same procedure.”
. . .
“Congress can help the Trump administration hold these hospitals accountable by doubling the fines of those who refuse to comply. My Hospital Transparency Compliance Enforcement Act would increase penalties for noncompliance to as much as $11,000 per day for large hospitals.
“American consumers, employers, and insurers could have saved an estimated $80 billion if President Trump’s original price transparency order had been enforced under President Biden. Families cannot afford for Congress to sit by while hospitals continue to ignore our rules to the detriment of patients.
“If Louisianians can find the price of a side of mashed potatoes at any of the 600 Cracker Barrel locations around the country, they ought to be able to find the price of a blood test at the nearest hospital, too. Hospitals cannot keep denying patients the information they need to make the best decisions for their families.”
Read Kennedy’s op-ed here.
Text of the Hospital Transparency Compliance Enforcement Act is available here.
Kennedy ahead of vote on rescissions: “You either believe in reducing spending, or you don't”
Jul 15 2025
Watch Kennedy’s comments here.
WASHINGTON – Sen. John Kennedy (R-La.) delivered the following remarks on the U.S. Senate floor:
“I think most people—most adults anyway—understand that, in life, what you say doesn't really matter. It's what you do that demonstrates what you believe, and that's certainly true in politics, and that's certainly true in Washington, D.C. . . .
“Now, President Trump—whether you voted for him or not, whether you like him or not—ran on a platform of reducing the size of government, and the people elected him. And since day one, the president has been—if you paid attention to the news—he's been working very hard to reduce government spending. And he's reduced a lot. He started out with a [Department of Government Efficiency] program with Mr. Elon Musk. Mr. Musk, of course, has left. But the quest to reduce government spending, wasteful government spending, which I call spending porn, continues.
“Every Republican in the U.S. Senate has voiced approval of what the president has done. Every Republican—every one of my colleagues, myself included—has said to the president, ‘Atta boy, Mr. President. Go get them. Keep issuing those executive orders. Reduce the spending. We're spending too much money. We've got a $37 trillion debt. Keep going, Mr. President.’
“And the president has, but he's been doing it through executive order. There's only so much you can do through executive order. . . . And now my colleagues and I have an opportunity to really support the president.
“I don't know if this bill is going to pass. . . . But I want to put this in context: After all of us on my side of the aisle telling the world that we need to reduce spending, if we vote against this rescission package and refuse to reduce spending by one-tenth of one percent of the budget, we ought to hide our heads in a bag. . . .
“I'm going to read you some of the appropriations that the president is asking us to eliminate from the current budget, and you be the judge. Let the American people decide.
“The president is asking us to eliminate $5.1 million of taxpayer money in the American budget and the federal budget that is there to ‘strengthen the resilience of queer global movements.’ . . . $3 million for circumcision, vasectomies and condoms in Zambia. I didn't make this stuff up. It's in the budget. . . . $3.6 million for pastry cooking classes, cybercafes and dance focus groups for male prostitutes in Haiti.
“How many Americans, Mr. President, do you think we should be spending their money to fund male prostitutes in Haiti? But there it is in our budget, bigger than Dallas. And the president is saying cut it out. $6.2 million for Venezuelan migrants in Colombia. $500,000 to buy Rwanda electric buses.
“I love Rwanda. If they want electric buses, they have got a budget. $300,000 for a pride parade in Lesotho. $300,000 for lesbian, gay, bisexual, transgender, queer, intersex advocacy in Uganda. $500,000 for biodiversity in Peru.
“I could keep going. I could go the rest of the day and the night. Now I know what you're thinking: How in God's name, on God's green earth did this spending porn get in the federal budget? Why would Congress put it there? I'm going to tell you why: We didn't.
“When we pass a budget, we pass budgets based on programs or agendas or line items. . . . Congress didn't vote to spend $3 million on sexual reproductive health in Venezuela. We voted for a program that the bureaucrats took and spent on sexual health and reproductive health in Venezuela.
“That's not an excuse, but I get that question all the time. Why did Congress vote to do this? We didn't. The bureaucracy did. It's a giant rogue beast. But the point is: Trump caught it, and his people caught it, and the president is saying, ‘Get rid of it.’
“We'd be better off taking all of this money that I just talked about and spending it on scratch tickets and blackjack. At least taxpayers might have a chance of getting a return. That's how out of control this is. But if you listen to some of my colleagues, ‘Oh my God. If we cut this spending porn, civilization is going to melt.’
“Now, there's one other thing in our budget that the president is asking us to cut: He's asking us to cut a little over $1 billion for what I will call public broadcasting. . . . The president and CEO of NPR thinks that America is ‘addicted to white supremacy.’ She has denounced the use of the words ‘boy’ and ‘girl.’ She said that is ‘erasing language’ for nonbinary people. She contends that the U.S. was founded on the basis of ‘black plunder and white democracy’ That’s who’s running the show over there. . . .
“NPR and PBS and the Corporation for Public Broadcasting are entitled to publish and broadcast what they publish, but not on the taxpayer's dime. . . . We don't fund CNN. We don't fund Fox News. We don't fund newspapers. Why are we funding PBS and NPR and the Corporation for Public Broadcasting?
“And all the president is saying, ‘I don't want you to do that anymore, Congress. I don't want you to fund any form of media. PBS, for example, is right to publish what they want, but Congress shouldn't give them taxpayer money to do it. Let them go raise money in the private sector.’ And the president's right.
“The president is absolutely right, and that's all this rescission bill is going to do, Mr. President. It's going to bring a little bit of sanity back to our appropriations process. . . . What you do is what you believe, and everything else is just cottage cheese. . . . I listened to all of my Republican colleagues encourage the president and say, ‘That's great. We’ve got to reduce spending.’
“Well, here's your chance. It's gut-check time. You either believe in reducing spending, or you don't. You either support spending porn or you don't. We're going to find out who does and who doesn't here in about three or four hours.”
Watch Kennedy’s speech here.
Senate passes Kennedy, Cortez Masto bill to help Louisianians recover from natural disasters
Jul 11 2025
WASHINGTON – The U.S. Senate passed Sens. John Kennedy (R-La.) and Catherine Cortez Masto (D-Nev.)’s bipartisan Filing Relief for Natural Disasters Act, which would provide relief for taxpayers in states that have issued state-level disaster declarations. The bill now moves to the president’s desk for signing.
“When states like Louisiana are reeling from a hurricane, they can’t always wait around for Washington to act. I’m grateful to my colleagues for voting to pass the Filing Relief for Natural Disasters Act to make sure hard-hit communities can get important tax extensions without unnecessary delays,” said Kennedy.
“A natural disaster is devastating for anyone. Impacted taxpayers should not have to worry about whether their state’s natural disaster has been recognized by the President for them to receive the support they deserve. This bipartisan legislation will ensure that anyone impacted by state-level emergencies can have some peace of mind when filling their taxes,” said Cortez Masto.
Currently, the Internal Revenue Service has the authority to postpone tax filing deadlines following a presidentially declared federal disaster but not following a state-level emergency declaration.
The Filing Relief for Natural Disasters Act would allow the governor of a state or territory to extend a federal tax filing deadline following a state-declared emergency or natural disaster without waiting for a federal disaster declaration. This would allow states to provide federal tax extensions independent of the federal government’s involvement in an emergency or natural disaster.
The bill would also expand the mandatory federal filing extension from 60 days to 120 days.
Sens. Chris Van Hollen (D-Md.) and Marsha Blackburn (R-Tenn.) also cosponsored the bill.
The full bill text is available here.
Watch Kennedy’s comments here.
WASHINGTON – Sen. John Kennedy (R-La.) delivered the following remarks on the U.S. Senate floor:
“Now, regardless of how you feel about the war in Ukraine, I think most fair-minded people can agree on two things. Number one: Vladimir Putin, who runs Russia—not the people of Russia, but their leadership—is a thug. He’s a pirate. He has blood under his fingernails. He can’t be trusted.
“The second thing that I think most fair-minded Americans can agree on is that we would all like to see the war ended. . . . I think Ukraine is willing to negotiate a reasonable settlement, but it takes two to tango, and we are not going to have a settlement until President Putin decides it is in his best interest to stop the war. “Not in Russia’s best interest because I don’t think he cares about his people. I think the war will stop when Putin thinks it is in his best interest.
“And I don’t think he is going to think it is in his best interest until he feels the pressure, Mr. President, because dealing with Putin is like dealing with most tyrants: It is like hand-feeding a shark. You can’t reason with them. You have to make them feel the pain.
“A lot of people think of Russia and think of Putin as this gigantic country with a lot of wealth and power, and that is not really the case. Yes, they have nuclear weapons, but, actually, the Russian economy is pretty small. . . . The Russian economy is only about $2 trillion. New York state, in America, has a bigger economy than Russia, and I think we need to keep that in mind.
“Russia’s economy is also not terribly diversified. It is mostly oil. . . . Number one: The price of oil is down. We know that. Number two: Russia is spending all of its money fighting the war with Ukraine, which has hurt other parts of its economy.
“The point I am trying to make, Mr. President, is: When you are dealing with a tyrant like Putin and you are trying to bring him to the negotiating table, what you have to do is get him down and choke him. And the way to get President Putin down and choke him is through his cash flow. Putin—and, remember, I am not talking about the good people in Russia. I am talking about their leadership. I am talking about Vladimir Putin, the thug.
“Putin is only able to prosecute his war through cash flow generated by his sale of oil. That is the only way. Without that cash flow from oil, he can’t continue. We need to cut off his money. We need to cut off his sale of oil.
“Now, we already have sanctions on Russia, and Europe has sanctions on Russia, but Russia has figured out how to evade those sanctions and continue to sell its oil. For example, India is buying a lot of Russia’s oil. China is buying a lot of Russia’s oil, but we can stop that.
“We have a bill—87 of us have signed on— that would apply what is called secondary sanctions on Russia. Our bill would not only sanction Russia and its sale of oil, but it would sanction everybody who buys Russian oil, a big difference.
“It would say to those who want to buy Russian oil: If you want to buy Russian oil, have at it—knock yourself out—but you are not going to be able to do business with America, and you are not going to be able to use the American dollar, which is the world’s currency, to do business in America. It will put Putin on his knees within three months, and he won’t have any choice but to come to the bargaining table.
“Now, President Trump has been very patient. President Biden wasn’t patient; he was giving. I remember when President Biden said to Putin: Well, you know, we don’t want you to go into Ukraine, but if it is just a little excursion, it might be okay. I remember that. What do you think Putin did? Do you remember hand-feeding a shark? He went right into Ukraine.
“President Trump, on the other hand, has really tried to be rational and negotiate with Putin and say: Look, we need to have an amicable solution to satisfy both sides. Ukraine is willing. Putin has done nothing but embarrass our president and our country.
“The time has come to put Russia on its knees. I hate to see it for the Russian people, but the time has come to put Putin on his knees. Get him down and choke him. The only way you are going to do that is to cut off his cash flow. And the only way you are going to cut off his cash flow is to cut off his oil sales because that is at least a third—and probably 40%—of his money.
“We have no choice. Otherwise, this war could go on forever.
“Now, we have the bill locked, loaded, and ready to go. We are waiting for President Trump to give us the high sign because we want to stay together. The president is the one who is trying to negotiate the peace, but I hope President Trump will seriously consider letting us pull the trigger because it is the only thing—it is the only thing—that is going to get Vladimir Putin to the table.
“I wish the world weren’t like that. There are just some people—I don’t know why. If I make it to heaven, I am going to ask. But there are some people in this world, they are not sick; they are not misunderstood; they are not mixed up. It is not really that their mom or daddy didn’t love them enough. They are just bad people. They are. And some of them run countries, and one of them is Vladimir Putin. So, let’s go do what we have to do.”
Watch Kennedy’s speech here.
Kennedy, Schatz champion Unsubscribe Act to make canceling unwanted subscriptions easier
Jul 10 2025
WASHINGTON – Sens. John Kennedy (R-La.) and Brian Schatz (D-Hawaii) today introduced the bipartisan Unsubscribe Act of 2025, which would require a simple cancellation process for all subscriptions.
“The average American is all too familiar with the headache of running around in circles to cancel a subscription before their free trial expires. Our common-sense Unsubscribe Act would make sure companies are upfront about automatic charges and make it easier to cancel subscriptions without the convoluted song-and-dance routine,” said Kennedy.
“The subscription-based business model is exploding, and it’s largely because of the deceptive practices that some companies use to lure and trap in customers. When people sign up for a free trial, they shouldn’t have to jump through hoops just to cancel their subscription before being charged. Our bill will require companies to be more transparent about their business model and make it easier for consumers to avoid costly, automatic monthly charges they never intended to make,” said Schatz.
The Unsubscribe Act would:
- Require sellers to clearly explain the terms of a contract to customers and obtain their express and informed consent.
- Require sellers to provide a simple way to cancel the subscription, which the customer can complete in the same way in which they entered the original contract.
- Require sellers to clearly notify consumers when their free or reduced-cost trial is complete and before charging for the full-cost subscription.
- Disallow automatic transfer to a contract beyond the preliminary period.
- Require sellers to periodically notify the customer of the terms of the contract and the cancelation mechanism.
Rep. Mark Takano (D-Calif.) will introduce the companion bill in the House of Representatives.
“Too many consumers are lured in by free trials, only to get trapped in confusing billing cycles and cancellation mazes. The Unsubscribe Act is about fairness—it puts the burden back on companies to be honest, clear, and accountable. If a business has to trick people into staying, it does not deserve their money,” said Takano.
The full text of the Unsubscribe Act is available here.