← LEADERSHIP TERMINAL

US CONGRESS · SITTING

Charles E. Schumer

Senator for New York · Democratic · United States

IN THEIR OWN WORDS

I am calling on Pete Hegseth, Marco Rubio, and Donald Trump to tell the entire Congress everything they are telling the Republicans about the Iran war--both Chambers, both parties. Everything they tell Republicans behind closed doors needs to be shared in public during today's testimony.

CREC-2026-07-21-PT1-PGS4167-2 · READ IN THE CONGRESSIONAL RECORD

I am calling on Pete Hegseth, Marco Rubio, and Donald Trump to tell the entire Congress everything they are telling the Republicans about the Iran war--both Chambers, both parties. Everything they tell Republicans behind closed doors needs to be shared in public during today's testimony.

IRAN (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

For the low price of $100,000 a month, an investor can turn a profit off early access to Trump's market-moving posts. Trump imposes new tariffs? Subscribers can short their stocks before anyone else. Trump announces a new contract? Subscribers know where to invest. Trump shakes up the Fed?

CORRUPTION (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

For the low price of $100,000 a month, an investor can turn a profit off early access to Trump's market-moving posts. Trump imposes new tariffs? Subscribers can short their stocks before anyone else. Trump announces a new contract? Subscribers know where to invest. Trump shakes up the Fed?

CREC-2026-07-21-PT1-PGS4167-3 · READ IN THE CONGRESSIONAL RECORD

How many American families do you think can afford $100,000 a month to get a leg up in the market? Trump is doing what he always does: selling out America, American interests, and the American people to the highest bidder. Republicans ought to be up in arms about Truth API and the latest news about Trump's foreign jet.

CREC-2026-07-21-PT1-PGS4167-3 · READ IN THE CONGRESSIONAL RECORD

How many American families do you think can afford $100,000 a month to get a leg up in the market? Trump is doing what he always does: selling out America, American interests, and the American people to the highest bidder. Republicans ought to be up in arms about Truth API and the latest news about Trump's foreign jet.

CORRUPTION (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

The complete record

Every one of 375 lines we hold for Charles E. Schumer, in date order, each linked to its source. Free to read, in full, without an account. Page 1 of 8.

  1. We just learned that his luxury jet is grounded until it can be ``maxed out'' to meet the same standards as the old Air Force One. Give me a break. Commercial airline ticket costs are up 27 percent over last year, and Trump wants the American people to pay to get his airborne palace off the ground? Trump ought to rename the plane ``Air Farce One.'' It is not Air Force One; it is ``Air Farce One.''

    CREC-2026-07-21-PT1-PGS4167-3 · READ IN THE CONGRESSIONAL RECORD

  2. How many American families do you think can afford $100,000 a month to get a leg up in the market? Trump is doing what he always does: selling out America, American interests, and the American people to the highest bidder. Republicans ought to be up in arms about Truth API and the latest news about Trump's foreign jet. Trump's $400 million Qatari jet is the biggest single bribe an American President has ever accepted in our history. Let me repeat that. Trump's $400 million Qatari jet is the single biggest bribe an American President has ever accepted in history. I have been warning about this for months. And somehow, the American people still get an invoice. It will reportedly cost the taxpayer as much as $1 billion to retrofit Trump's plane for Presidential use.

    CREC-2026-07-21-PT1-PGS4167-3 · READ IN THE CONGRESSIONAL RECORD

  3. For the low price of $100,000 a month, an investor can turn a profit off early access to Trump's market-moving posts. Trump imposes new tariffs? Subscribers can short their stocks before anyone else. Trump announces a new contract? Subscribers know where to invest. Trump shakes up the Fed? Subscribers get to reposition before the rest of the market blinks. Meanwhile, Trump rakes in hundreds of millions of dollars in subscription fees. Truth API is the exact definition of ``insider trading.'' It is textbook pay-to-play. And this is what Donald Trump spends his time doing. And remember, traders need only a millisecond headstart to make a fortune. Just 1 millisecond and they can make a lot of money, the way trading works these days. As always, Trump's corruption benefits the rich at the expense of working families.

    CREC-2026-07-21-PT1-PGS4167-3 · READ IN THE CONGRESSIONAL RECORD

  4. Congressional Record, Volume 172 Issue 119 (Tuesday, July 21, 2026) [Congressional Record Volume 172, Number 119 (Tuesday, July 21, 2026)] [Senate] [Page S4167] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] Corruption Mr. President, every single day, we see a new example of Trump's rampant corruption. Senate Democrats are putting all of Trump's scams under the magnifying glass in the coming weeks, and Trump's new Truth API stands out as one of his most corrupt grifts yet. Every day, there is a new example of these kinds of grifts that Trump gets involved in. Instead of draining the swamp like he promised, Trump has filled it to the brim. Now look at this: Trump is charging admission.

    CREC-2026-07-21-PT1-PGS4167-3 · READ IN THE CONGRESSIONAL RECORD

  5. I am calling on Pete Hegseth, Marco Rubio, and Donald Trump to tell the entire Congress everything they are telling the Republicans about the Iran war--both Chambers, both parties. Everything they tell Republicans behind closed doors needs to be shared in public during today's testimony. But I don't need to hear from Hegseth to know just how poorly this war is going. If we truly care about our servicemembers' well-being, we ought to be focused on getting them out of harm's way, not on their testosterone levels. We will be forcing another vote this week on our War Powers Resolution to bring our troops home and end this war. Senate Republicans, don't let Trump off the hook. The Iran war isn't a game. It is not some trifle Trump, Hegseth, and Rubio can brush under the rug. Trump's reckless war is an absolute catastrophe.

    CREC-2026-07-21-PT1-PGS4167-2 · READ IN THE CONGRESSIONAL RECORD

  6. Sending our troops in harm's way is the most serious thing we can do as a nation, but Hegseth, Trump, and Rubio certainly don't treat it that way. Hegseth is hiding more than he is sharing these days--whether it is the number of wounded, the damage to our bases overseas, or the immense ballooning cost of this Iran war blunder. We need answers, but Hegseth wants to give some to the GOP alone. Hegseth is reportedly attending a House Republican meeting today to brief their Members on the war without providing Democrats the same access. There is no room for this administration's partisan pettiness when our servicemembers' lives are at stake. But that seems to be a trademark for both Hegseth and Trump.

    CREC-2026-07-21-PT1-PGS4167-2 · READ IN THE CONGRESSIONAL RECORD

  7. Congressional Record, Volume 172 Issue 119 (Tuesday, July 21, 2026) [Congressional Record Volume 172, Number 119 (Tuesday, July 21, 2026)] [Senate] [Page S4167] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] Iran Mr. SCHUMER. It is an absolute disgrace that Pete Hegseth has withheld casualty numbers in the Iran war from the American public. One of the biggest questions Pete Hegseth has to answer today is why he was out marketing testosterone supplements for our troops last week while withholding casualty numbers from the Iran war to the American people. We learned yesterday that the Pentagon failed to disclose that our troops have sustained nearly 100 injuries in the past few weeks of the Iran war.

    CREC-2026-07-21-PT1-PGS4167-2 · READ IN THE CONGRESSIONAL RECORD

  8. Congressional Record, Volume 172 Issue 119 (Tuesday, July 21, 2026) [Congressional Record Volume 172, Number 119 (Tuesday, July 21, 2026)] [Senate] [Page S4167] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] Recognition of the Minority Leader The Democratic leader is recognized.

    CREC-2026-07-21-PT1-PGS4167 · READ IN THE CONGRESSIONAL RECORD

  9. We just learned that his luxury jet is grounded until it can be ``maxed out'' to meet the same standards as the old Air Force One. Give me a break. Commercial airline ticket costs are up 27 percent over last year, and Trump wants the American people to pay to get his airborne palace off the ground? Trump ought to rename the plane ``Air Farce One.'' It is not Air Force One; it is ``Air Farce One.''

    CORRUPTION (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  10. How many American families do you think can afford $100,000 a month to get a leg up in the market? Trump is doing what he always does: selling out America, American interests, and the American people to the highest bidder. Republicans ought to be up in arms about Truth API and the latest news about Trump's foreign jet. Trump's $400 million Qatari jet is the biggest single bribe an American President has ever accepted in our history. Let me repeat that. Trump's $400 million Qatari jet is the single biggest bribe an American President has ever accepted in history. I have been warning about this for months. And somehow, the American people still get an invoice. It will reportedly cost the taxpayer as much as $1 billion to retrofit Trump's plane for Presidential use.

    CORRUPTION (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  11. For the low price of $100,000 a month, an investor can turn a profit off early access to Trump's market-moving posts. Trump imposes new tariffs? Subscribers can short their stocks before anyone else. Trump announces a new contract? Subscribers know where to invest. Trump shakes up the Fed? Subscribers get to reposition before the rest of the market blinks. Meanwhile, Trump rakes in hundreds of millions of dollars in subscription fees. Truth API is the exact definition of ``insider trading.'' It is textbook pay-to-play. And this is what Donald Trump spends his time doing. And remember, traders need only a millisecond headstart to make a fortune. Just 1 millisecond and they can make a lot of money, the way trading works these days. As always, Trump's corruption benefits the rich at the expense of working families.

    CORRUPTION (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  12. Congressional Record, Volume 172 Issue 119 (Tuesday, July 21, 2026) [Congressional Record Volume 172, Number 119 (Tuesday, July 21, 2026)] [Senate] [Page S4167] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] Corruption Mr. President, every single day, we see a new example of Trump's rampant corruption. Senate Democrats are putting all of Trump's scams under the magnifying glass in the coming weeks, and Trump's new Truth API stands out as one of his most corrupt grifts yet. Every day, there is a new example of these kinds of grifts that Trump gets involved in. Instead of draining the swamp like he promised, Trump has filled it to the brim. Now look at this: Trump is charging admission.

    CORRUPTION (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  13. I am calling on Pete Hegseth, Marco Rubio, and Donald Trump to tell the entire Congress everything they are telling the Republicans about the Iran war--both Chambers, both parties. Everything they tell Republicans behind closed doors needs to be shared in public during today's testimony. But I don't need to hear from Hegseth to know just how poorly this war is going. If we truly care about our servicemembers' well-being, we ought to be focused on getting them out of harm's way, not on their testosterone levels. We will be forcing another vote this week on our War Powers Resolution to bring our troops home and end this war. Senate Republicans, don't let Trump off the hook. The Iran war isn't a game. It is not some trifle Trump, Hegseth, and Rubio can brush under the rug. Trump's reckless war is an absolute catastrophe.

    IRAN (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  14. Sending our troops in harm's way is the most serious thing we can do as a nation, but Hegseth, Trump, and Rubio certainly don't treat it that way. Hegseth is hiding more than he is sharing these days--whether it is the number of wounded, the damage to our bases overseas, or the immense ballooning cost of this Iran war blunder. We need answers, but Hegseth wants to give some to the GOP alone. Hegseth is reportedly attending a House Republican meeting today to brief their Members on the war without providing Democrats the same access. There is no room for this administration's partisan pettiness when our servicemembers' lives are at stake. But that seems to be a trademark for both Hegseth and Trump.

    IRAN (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  15. Congressional Record, Volume 172 Issue 119 (Tuesday, July 21, 2026) [Congressional Record Volume 172, Number 119 (Tuesday, July 21, 2026)] [Senate] [Page S4167] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] Iran Mr. SCHUMER. It is an absolute disgrace that Pete Hegseth has withheld casualty numbers in the Iran war from the American public. One of the biggest questions Pete Hegseth has to answer today is why he was out marketing testosterone supplements for our troops last week while withholding casualty numbers from the Iran war to the American people. We learned yesterday that the Pentagon failed to disclose that our troops have sustained nearly 100 injuries in the past few weeks of the Iran war.

    IRAN (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  16. Congressional Record, Volume 172 Issue 119 (Tuesday, July 21, 2026) [Congressional Record Volume 172, Number 119 (Tuesday, July 21, 2026)] [Senate] [Page S4167] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] Recognition of the Minority Leader The Democratic leader is recognized.

    RECOGNITION OF THE MINORITY LEADER (EXECUTIVE CALENDAR) · 2026-07-21 · READ IN THE CONGRESSIONAL RECORD

  17. (e) Appropriate Committee of Congress Defined.--In this section, the term ``appropriate committee of Congress'' means-- (1) the Select Committee on Intelligence, the Committee on Homeland Security and Governmental Affairs, the Committee on Armed Services, and the Committee on Energy and Natural Resources of the Senate; and (2) the Permanent Select Committee on Intelligence, the Committee on Homeland Security, the Committee on Armed Services, and the Committee on Energy and Commerce of the House of Representatives. [[Page S4164]] ____________________

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  18. (5) An assessment of the efficacy of policies to support the expansion of the electric grid in a safe and secure manner. (d) Submission to Congress.-- (1) Form.--The national intelligence estimate shall be submitted in classified form (2) Public availability.--Consistent with the protection of intelligence sources and methods, at the same time as the Director submits to the appropriate committees of Congress the national intelligence estimate under subsection (b), the Director shall make publicly available on an internet website of the intelligence community an unclassified version of the key findings of such national intelligence estimate.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  19. (3) An assessment of the efficacy of policies to strengthen supply chain risk management requirements for the electric grid, including-- (A) identifying foreign-origin components within high- and medium-impact bulk electric system and protected cyber assets, including semiconductors, advanced wireless network equipment, satellite receiver systems, precision timing hardware, and other technology components; and (B) developing requirements to prohibit the installation of or mitigate the foreign cyber risk posed by such components. (4) An assessment of the efficacy of policies to support the adoption of nationwide cyber and physical security standards and tools to protect the electric grid from foreign state-backed cyber actors.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  20. (2) An assessment of how varying lengths of electricity blackouts caused by cyber and physical attacks would impact-- (A) national security, including with respect to the loss of access to commercial internet and advanced wireless telecommunications; (B) satellite communications infrastructure used in security operations; and (C) the total economic activity, health, and other critical activities of the United States.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  21. (c) Elements.--The national intelligence estimate required by subsection (b) shall include the following: (1) A comprehensive risk assessment of known cyber and physical security threats and vulnerabilities to the electric grid of the United States, including the risk posed by state- backed actors in the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, and the Democratic People's Republic of Korea, and foreign non-state actors, such as ransomware groups.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  22. (b) Requirement.--Not later than 1 year after the date of the enactment of this Act, the Director of National Intelligence, acting through the National Intelligence Council, shall produce and submit to the appropriate committees of Congress a national intelligence estimate addressing the risks and national security implications of foreign adversaries targeting the electric grid of the United States with cyber and physical attacks.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  23. The disruption, degradation, or spoofing of such signals by foreign adversaries and the compromise of commercial satellite communications used for remote grid management, present critical vulnerabilities to the stability of the electric grid. (10) A study issued by the Comptroller General of the United States found that although the Department of Energy has developed plans and an assessment to implement a Federal strategy for addressing security risks to the electric grid, such efforts have fallen short because the Federal Government has not conducted a complete assessment of all the cybersecurity risks to the grid.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  24. (7) Grid distribution systems increasingly use operational technology and industrial control systems that allow remote access via public and private advanced wireless networks for easier maintenance and more detailed data collection. (8) The fragmented nature of regulatory authority over the electric grid of the United States poses challenges to creating and implementing effective, uniform cybersecurity regulations. (9) The Government Accountability Office has warned that the electric grid of the United States is heavily reliant on space-based infrastructure, particularly Global Navigation Satellite Systems (GNSS), such as the Global Positioning System (GPS), for the precise timing and synchronization of power flows.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  25. (5) According to the annual report issued by U.S.-China Economic and Security Review Commission, foreign adversaries, like the Chinese state-backed cyber actor Volt Typhoon, have infiltrated the power system of the United States to collect operational insights into the electric grid, identify chokepoints with outsized control over grid operations, and pre-position cyber assets for operational disruptions. (6) Components of the power system produced by the People's Republic of China, particularly internet-connected devices and advanced wireless communications equipment, and commercial satellite communications terminals create vulnerabilities for the electric grid.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  26. 3043b) (commonly known as the ``Annual Threat Assessment'') has consistently found that state and non-state cyber actors pose the most significant threats to the critical infrastructure of the United States. (3) The 2025 Annual Threat Assessment found that foreign adversaries are intent on attacking ``critical infrastructure, disrupting utility company business networks or manipulating poorly secured control systems''. (4) The 2026 Annual Threat Assessment states that ``cyber actors from China, Russia, Iran, North Korea, and ransomware groups will continue to pose critical threats to U.S. networks and critical infrastructure''.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  27. (a) Findings.--Congress finds the following: (1) The electric grid of the United States--the commercial electric power generation, transmission, and distribution system comprising power lines and other infrastructure-- delivers the electricity that is essential for modern life. As a result, the reliability of the electric grid, ability to meet the electricity demand of consumers at all times, is not a luxury. Such reliability is fundamental to the health and safety of the people of the United States and the continued strength of the economy of the United States, making the reliability of the electric grid a paramount issue of national interest. (2) The annual report on worldwide threats issued by the Director of National Intelligence pursuant to section 108B of the National Security Act of 1947 (50 U.S.C.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  28. Congressional Record, Volume 172 Issue 118 (Monday, July 20, 2026) [Congressional Record Volume 172, Number 118 (Monday, July 20, 2026)] [Senate] [Pages S4163-S4164] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 6703. Mr. SCHUMER submitted an amendment intended to be proposed by him to the bill S. 4784, to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows: At the end of subtitle E of title X, add the following: SEC. 1049A. NATIONAL INTELLIGENCE ESTIMATE WITH RESPECT TO CYBER AND PHYSICAL THREATS TO THE ELECTRIC GRID.

    CREC-2026-07-20-PT1-PGS4163-3 · READ IN THE CONGRESSIONAL RECORD

  29. I yield the floor. I suggest the absence of a quorum. The PRESIDING OFFICER. The clerk will call the roll. The senior assistant executive clerk proceeded to call the roll.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  30. President, now I want to briefly take a moment to recognize some guests from New York who are in the Capitol today. I guess I am a little late, but they were here. The Long Island Association, a storied regional business development group, is celebrating its 100th anniversary. Some of its members traveled here today to celebrate this occasion. Their century of work fighting to make Long Island a better place to live, work, and do business has accomplished much for the region. From affordability to energy, to infrastructure, to innovation, they have lit the road forward for Long Island's future. It has been my pleasure to work with them for several decades, and I know that under the leadership of their acting CEO and president Stacey Sikes--who once worked for me--we will continue our great tradition of delivering for Long Island together.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  31. troops were wounded in Iranian strikes last week, and one servicemember remains missing. I am praying for their families in this difficult hour. I speak for the entire Senate when I say how much we appreciate their sacrifice. This carnage is the bitter fruit of Trump's ``labor'' in Iran. Every second Trump prolongs this war is another second that the lives of our men and women in uniform are in danger. In the coming days, we are going to make Senate Republicans take another vote on our War Powers Resolution to end this war and get our troops out of harm's way. Trump needs to stop this catastrophe and bring our troops home, and Senate Republicans can't let him off the hook until he does. 100th Anniversary of the Long Island Association Mr.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  32. Trump has spent his life betting that the con will always work. This time, the American people will see exactly how the scam works and exactly who has been handed the keys to the kingdom. iran Mr. President, on the Iran war, Donald Trump needs to reckon with the terrible cost of the disastrous war he has dared to call ``a skirmish,'' ``a little excursion.'' And once, he called it ``a lovely stay.'' There is nothing ``lovely'' or ``little'' about Trump's blunder in Iran--nothing. On Thursday, Trump insisted to the Nation that we are ``winning big in Iran, and you will see the fruits of that labor very, very shortly.'' But instead and sadly, we saw three more brave American servicemembers tragically lose their lives over the weekend because of Trump's reckless war in Iran. Dozens of other U.S.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  33. A few months ago, Trump said: I don't think about Americans' financial situation. Of course, he doesn't. He is too busy thinking about his own. Donald Trump may believe the Presidency is simply another brand to monetize, another product to sell, another scam to run. But he is dead wrong. The Presidency belongs to the American people. It is not a license to steal, it is not a family business, and it is not Donald Trump's personal property. So throughout this month, Senate Democrats will expose the corruption that Trump wants hidden. We will follow the money and expose the deals. [[Page S4150]] We will show who profits, who pays, and how Trump has rigged the government for himself and the people closest to him. And we will make one thing unmistakably clear: The White House is not for sale.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  34. Trump hands out pardons to the rich and well-connected, accepts lavish gifts from foreign governments, and arranges sweetheart deals for his family business. Trump uses the government. Trump gets richer. Americans foot the bill. His corruption is not victimless. It has a price, and working families are paying it every single day. The average American family is already spending more than $3,100 extra because of this administration's policies. And yet Trump still expects taxpayers to finance a MAGA slush fund they never approved, a golden ballroom they never asked for, and upgrades to a foreign luxury jet the President does not need. Donald Trump has turned the Oval Office into his personal ATM, the Federal Government into his family business, and the American taxpayer into the mark.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  35. Next week, we will hold a roundtable on how Trump's corruption is directly driving up everyday costs for the American people, and average folks will testify to what they are going through. And the following week, we will release major legislation designed to rein in Trump's rampant corruption and to prevent any President from ever doing it again. You pay; Trump profits. That is the pattern of this administration, and we will highlight it everywhere we see it. No amount of gold leaf can conceal the rot spreading through this White House. Corruption is not a sideshow in the Trump administration; it is the whole business model. Trump guts protections for workers and consumers. His wealthy friends cash in. Trump cuts food assistance and healthcare. Billionaires get another tax break.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  36. Throughout the month, we will follow the money, expose the deals, name the people cashing in, and show how Trump's corruption reaches directly into the pockets of working people. This week, we are releasing a new report that lays out the staggering scale of the grift: how Trump has used the power of the Presidency to enrich himself, reward his family, protect his friends, and sell access to anyone--anyone--willing to pay. The report shows how Americans are struggling to afford groceries, healthcare, housing, and energy, while Donald Trump and his family have reportedly made more than $4 billion from the Presidency. We will also be hosting another tabletop exercise with the Democrats' Elections Task Force to prepare to counter Trump's efforts to rig the 2026 midterms.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  37. Mr. President, well, we have Trump Steaks, Trump University, Trump Airlines, Trump Coin, and the Trump Presidency--all cons. The product changes; the con stays the same. Donald Trump has turned the Presidency of the United States into the most profitable scheme of his life, and American families are being forced--forced--to pay the price. Today, I am launching a new effort to expose the corruption, show Americans exactly what it is costing them, and build reforms needed to stop any President from using public office for personal profit. Senate Democrats will be exposing this self-dealing, showing Americans exactly what it is costing them, and developing reforms to make sure no President can abuse the Office this way again. For the next 3 weeks, Senate Democrats are putting Trump's corruption under a microscope.

    CREC-2026-07-20-PT1-PGS4149-4 · READ IN THE CONGRESSIONAL RECORD

  38. (e) Appropriate Committee of Congress Defined.--In this section, the term ``appropriate committee of Congress'' means-- (1) the Select Committee on Intelligence, the Committee on Homeland Security and Governmental Affairs, the Committee on Armed Services, and the Committee on Energy and Natural Resources of the Senate; and (2) the Permanent Select Committee on Intelligence, the Committee on Homeland Security, the Committee on Armed Services, and the Committee on Energy and Commerce of the House of Representatives. [[Page S4164]] ____________________

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  39. (5) An assessment of the efficacy of policies to support the expansion of the electric grid in a safe and secure manner. (d) Submission to Congress.-- (1) Form.--The national intelligence estimate shall be submitted in classified form (2) Public availability.--Consistent with the protection of intelligence sources and methods, at the same time as the Director submits to the appropriate committees of Congress the national intelligence estimate under subsection (b), the Director shall make publicly available on an internet website of the intelligence community an unclassified version of the key findings of such national intelligence estimate.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  40. (3) An assessment of the efficacy of policies to strengthen supply chain risk management requirements for the electric grid, including-- (A) identifying foreign-origin components within high- and medium-impact bulk electric system and protected cyber assets, including semiconductors, advanced wireless network equipment, satellite receiver systems, precision timing hardware, and other technology components; and (B) developing requirements to prohibit the installation of or mitigate the foreign cyber risk posed by such components. (4) An assessment of the efficacy of policies to support the adoption of nationwide cyber and physical security standards and tools to protect the electric grid from foreign state-backed cyber actors.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  41. (2) An assessment of how varying lengths of electricity blackouts caused by cyber and physical attacks would impact-- (A) national security, including with respect to the loss of access to commercial internet and advanced wireless telecommunications; (B) satellite communications infrastructure used in security operations; and (C) the total economic activity, health, and other critical activities of the United States.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  42. (c) Elements.--The national intelligence estimate required by subsection (b) shall include the following: (1) A comprehensive risk assessment of known cyber and physical security threats and vulnerabilities to the electric grid of the United States, including the risk posed by state- backed actors in the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, and the Democratic People's Republic of Korea, and foreign non-state actors, such as ransomware groups.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  43. (b) Requirement.--Not later than 1 year after the date of the enactment of this Act, the Director of National Intelligence, acting through the National Intelligence Council, shall produce and submit to the appropriate committees of Congress a national intelligence estimate addressing the risks and national security implications of foreign adversaries targeting the electric grid of the United States with cyber and physical attacks.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  44. The disruption, degradation, or spoofing of such signals by foreign adversaries and the compromise of commercial satellite communications used for remote grid management, present critical vulnerabilities to the stability of the electric grid. (10) A study issued by the Comptroller General of the United States found that although the Department of Energy has developed plans and an assessment to implement a Federal strategy for addressing security risks to the electric grid, such efforts have fallen short because the Federal Government has not conducted a complete assessment of all the cybersecurity risks to the grid.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  45. (7) Grid distribution systems increasingly use operational technology and industrial control systems that allow remote access via public and private advanced wireless networks for easier maintenance and more detailed data collection. (8) The fragmented nature of regulatory authority over the electric grid of the United States poses challenges to creating and implementing effective, uniform cybersecurity regulations. (9) The Government Accountability Office has warned that the electric grid of the United States is heavily reliant on space-based infrastructure, particularly Global Navigation Satellite Systems (GNSS), such as the Global Positioning System (GPS), for the precise timing and synchronization of power flows.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  46. (5) According to the annual report issued by U.S.-China Economic and Security Review Commission, foreign adversaries, like the Chinese state-backed cyber actor Volt Typhoon, have infiltrated the power system of the United States to collect operational insights into the electric grid, identify chokepoints with outsized control over grid operations, and pre-position cyber assets for operational disruptions. (6) Components of the power system produced by the People's Republic of China, particularly internet-connected devices and advanced wireless communications equipment, and commercial satellite communications terminals create vulnerabilities for the electric grid.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  47. 3043b) (commonly known as the ``Annual Threat Assessment'') has consistently found that state and non-state cyber actors pose the most significant threats to the critical infrastructure of the United States. (3) The 2025 Annual Threat Assessment found that foreign adversaries are intent on attacking ``critical infrastructure, disrupting utility company business networks or manipulating poorly secured control systems''. (4) The 2026 Annual Threat Assessment states that ``cyber actors from China, Russia, Iran, North Korea, and ransomware groups will continue to pose critical threats to U.S. networks and critical infrastructure''.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  48. (a) Findings.--Congress finds the following: (1) The electric grid of the United States--the commercial electric power generation, transmission, and distribution system comprising power lines and other infrastructure-- delivers the electricity that is essential for modern life. As a result, the reliability of the electric grid, ability to meet the electricity demand of consumers at all times, is not a luxury. Such reliability is fundamental to the health and safety of the people of the United States and the continued strength of the economy of the United States, making the reliability of the electric grid a paramount issue of national interest. (2) The annual report on worldwide threats issued by the Director of National Intelligence pursuant to section 108B of the National Security Act of 1947 (50 U.S.C.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  49. Congressional Record, Volume 172 Issue 118 (Monday, July 20, 2026) [Congressional Record Volume 172, Number 118 (Monday, July 20, 2026)] [Senate] [Pages S4163-S4164] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 6703. Mr. SCHUMER submitted an amendment intended to be proposed by him to the bill S. 4784, to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows: At the end of subtitle E of title X, add the following: SEC. 1049A. NATIONAL INTELLIGENCE ESTIMATE WITH RESPECT TO CYBER AND PHYSICAL THREATS TO THE ELECTRIC GRID.

    TEXT OF SENATE AMENDMENT 6703 · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD

  50. From affordability to energy, to infrastructure, to innovation, they have lit the road forward for Long Island's future. It has been my pleasure to work with them for several decades, and I know that under the leadership of their acting CEO and president Stacey Sikes--who once worked for me--we will continue our great tradition of delivering for Long Island together. I yield the floor. I suggest the absence of a quorum. The PRESIDING OFFICER. The clerk will call the roll. The senior assistant executive clerk proceeded to call the roll. Mr. MORENO. Mr. President, I ask unanimous consent that the quorum call be rescinded. The PRESIDING OFFICER (Mr. Husted). Without objection, it is so ordered. Mr. MORENO. Mr. President, I ask that the previously scheduled rollcall vote start immediately. The PRESIDING OFFICER.

    CORRUPTION (EXECUTIVE SESSION) · 2026-07-20 · READ IN THE CONGRESSIONAL RECORD