Senator Schmitt advocates for the passage of President Trump's rescissions package, aiming to reduce wasteful spending.
Quiver AI Summary
Senator Eric Schmitt addressed the Senate, urging the passage of President Trump’s rescissions package to recover nearly $10 billion in federal spending. He emphasized that these funds could be redirected to better serve American citizens, asserting that the current spending habits do not align with the nation’s interests.
During his speech, Schmitt criticized funding for organizations he labeled as promoting left-wing agendas and highlighted instances of financial support directed towards foreign aid that he deemed inappropriate. He described the package as a vital step towards fiscal responsibility.
Schmitt asked for bipartisan support, framing the proposal as not just a financial move but a necessity for restoring American sovereignty and ensuring government accountability to its citizens.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Eric Schmitt Net Worth
Quiver Quantitative estimates that Eric Schmitt is worth $1.0M, as of July 16th, 2025. This is the 290th highest net worth in Congress, per our live estimates.
Schmitt has approximately $605.0K invested in publicly traded assets which Quiver is able to track live.
You can track Eric Schmitt's net worth on Quiver Quantitative's politician page for Schmitt.
Eric Schmitt Bill Proposals
Here are some bills which have recently been proposed by Eric Schmitt:
- S.2206: A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
- S.2067: Rescissions Act of 2025
- S.2002: REMIT Act
- S.1989: Helping Communities with Better Support Act
- S.1978: Defense Technology Hubs Act of 2025
- S.1817: Expedited Removal Expansion Act of 2025
You can track bills proposed by Eric Schmitt on Quiver Quantitative's politician page for Schmitt.
Eric Schmitt Fundraising
Eric Schmitt recently disclosed $250.5K of fundraising in a Q1 FEC disclosure filed on April 15th, 2025. This was the 262nd most from all Q1 reports we have seen this year. 77.4% came from individual donors.
Schmitt disclosed $270.8K of spending. This was the 140th most from all Q1 reports we have seen from politicians so far this year.
Schmitt disclosed $500.3K of cash on hand at the end of the filing period. This was the 400th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Eric Schmitt's fundraising on Quiver Quantitative.
