We have received text from S. 2334: Waste and Illegal Property Eradication (WIPE) Act. This bill was received on 2025-07-17, and currently has 4 cosponsors.
Here is a short summary of the bill:
The Waste and Illegal Property Eradication (WIPE) Act is a proposed bill that aims to enhance the capacity of the U.S. Department of Defense (DoD) to manage and dispose of certain types of waste, particularly those related to illegal or unauthorized materials. Here's a breakdown of the main components of the bill:
Use of Solid Waste Disposal Systems
The bill allows the Secretary of Defense to utilize specially designed systems known as expeditionary solid waste disposal systems. These systems are intended for:
- The destruction of illegal items, which may include:
- Counterfeit items
- Unauthorized military equipment
- Illegal narcotics
- Classified materials
- Supporting operations related to:
- Border security
- Interdiction of narcotics
- Elimination of contraband
- Providing these systems to military sites, operational bases, and allied security forces as needed for better management of military assets and countering unauthorized activities.
Prohibition of Open-Air Burn Pits
Under this bill, the Secretary of Defense is prohibited from using open-air burn pits for disposing of:
- Illicit contraband
- Classified military equipment
- Hazardous waste materials
This aims to address health and environmental concerns associated with such disposal methods.
Funding Provisions
The bill includes specific funding directives that outline financial allocations for solid waste disposal systems:
- It proposes an increase of $8,950,000 in the fiscal year 2026 budget for Other Procurement, Army, specifically allocated to solid waste disposal systems.
- This increase in funding will be offset by a reduction of $8,950,000 in the budget for Operation and Maintenance, Army, sourced from funds that were previously allocated for the use of open-air burn pits in contingency operations.
Purpose and Goals
The primary goals of the WIPE Act are to:
- Improve the efficiency and effectiveness of waste disposal in military operations.
- Reduce the use of environmentally harmful disposal methods.
- Enhance the security and integrity of U.S. military operations by properly managing illegal and unauthorized materials.
Relevant Companies
None found
Senator Peter Welch Bill Proposals
Here are some bills which have recently been proposed by Senator Peter Welch:
- S.2455: A bill to create an administrative subpoena process to assist copyright owners in determining which of their copyrighted works have been used in the training of artificial intelligence models.
- S.2447: A bill to repeal changes to Medicaid cost sharing requirements and the exclusion for orphan drugs under the Medicare Drug Price Negotiation Program.
- S.2442: A bill to require the Secretary of Agriculture to provide support for organic dairy producers and processors, and for other purposes.
- S.2383: A bill to exempt goods imported by or for the use of small business concerns from the duties imposed by the national emergency declared on February 1, 2025 by the President.
- S.2372: 340B PATIENTS Act of 2025
- S.2334: Waste and Illegal Property Eradication (WIPE) Act
You can track bills proposed by Senator Peter Welch on Quiver Quantitative's politician page for Welch.
Senator Peter Welch Net Worth
Quiver Quantitative estimates that Senator Peter Welch is worth $9.7M, as of August 1st, 2025. This is the 93rd highest net worth in Congress, per our live estimates.
Welch has approximately $6.1M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Peter Welch's net worth on Quiver Quantitative's politician page for Welch.
Senator Peter Welch Stock Trading
We have data on up to $2.3M of trades from Senator Peter Welch, which we parsed from STOCK Act filings. Some of the largest trades include:
- A May 23rd, 2018 sale of up to $100K of $SIRI. The stock has fallen 69.52% since then.
- A November 18th, 2021 sale of up to $50K of $CSCO. The stock has risen 26.94% since then.
- A November 18th, 2021 sale of up to $50K of $UN.
- A November 18th, 2021 sale of up to $50K of $CHD. The stock has risen 2.8% since then.
- A November 18th, 2021 sale of up to $50K of $VAIAF.
You can track Senator Peter Welch's stock trading on Quiver Quantitative's politician page for Welch.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
