Press Releases

Washington, D.C. - Sen. Mike Lee (R-UT) sought passage of his Preventing Runaway Inflation in Consumer Expenditures (PRICE) Act as a part of his continued effort to counter rising inflation.

Sen. Mike Lee (R-UT) applauds the passage of the bipartisan Formula Act in the US House of Representatives. The Formula Act was introduced in the House by the Chairman of the House Ways and Means Trade Subcommittee, Representative Earl Blumenaur (D-OR) along with the subcommittee’s Ranking Member, Rep. Adrian Smith (R-NE) and a growing list of additional cosponsors.

Washington, D.C. – The US Senate has unanimously passed a modified version of the Fixing Our Regulatory Mayhem Upsetting Little Americans (FORMULA) Act introduced by Sen. Mike Lee (R-UT). The FORMULA Act was created to combat domestic baby formula shortages and bolster the supply chain to help American families feed their babies. Recent shortages come in the immediate aftermath of a recall and temporary closure of a major American formula factory, but highlight systemic weaknesses in this vital supply chain. Due to the disruption, families in Utah and across the nation are struggling to feed their babies. This modified version of Lee’s FORMULA Act will lift substantial tariffs on the importation of baby formula and reduce the costs borne by retailers trying to keep their shelves stocked.

Five amendments proposed by Sen. Mike Lee (R-UT) became law under the Ocean Shipping Reform Act. Three amendments were from his SHIP IT Act and represent a part of his detailed plan to fight inflation.