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Sanders presses Schumer to restart committee on ‘war profiteering’

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Schumer pressed to investigte war profiteering

Six Senate progressives are calling for the revival of a committee to investigate alleged war profiteering by some of America’s top defense contractors, according to a letter obtained by POLITICO.

Sen. Bernie Sanders (I-Vt.) and his colleagues want leaders to reestablish the Senate Special Committee to Investigate the National Defense Program, a panel led during World War II by then-Sen. Harry Truman (D-Mo.). The panel, known as the “Truman Committee,” looked into the defense industry’s profits to ensure they weren’t ripping off the government during an era-defining fight.

The six progressive senators contend major defense contractors, namely Lockheed Martin and RTX Corporation, overcharged the government and used the cash influx to reward shareholders. The senators want Majority Leader Chuck Schumer to revive the Truman Committee as the U.S. hands out military contracts to support the war in Ukraine.

“There’s a name for all this: war profiteering. These companies’ greed is not just fleecing the American taxpayer; it’s killing Ukrainians. A contractor padding its profit margins means that, for the same amount of federal spending, fewer weapons reach Ukrainians on the front lines,” wrote Sanders alongside Sens. Ron Wyden (D-Ore.), Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.) and Peter Welch (D-Vt.).

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