Hoeven: Endless Frontier Act Should Have Been Paid for With Repurposed Dollars

WASHINGTON – Senator John Hoeven issued the following statement after the Senate passed the Endless Frontier Act. The legislation will spend nearly $250 billion but is not paid for, which is why Hoeven voted no on the bill. It will now go to the House for further action. 

“At a time when we need to control our spending and tackle our debt and deficit, this bill spends nearly $250 billion. I believe this bill could have been paid for and should have been paid for, by repurposing funds from the $1.9 trillion partisan ARPA spending bill. In fact, there was an amendment offered to do just that, which I supported, but it was defeated. I support continued investment in research and development, but we should pay for those investments rather than borrow more money and increase the federal deficit.”