A GOP Senator exposed the Democratic Party for money laundering in the wake of President Trump’s election, revealing that Biden’s Department of Energy had sent out $93 billion in loans to unqualified businesses within the last few months of Biden’s tenure in the White House.
For context, at a Senate Appropriations Committee hearing on May 23, 2025, Sen. John Kennedy (R-LA) spoke out about what he believes is an elaborate money laundering scheme perpetrated by the Democratic Party during the 76-day period between President Trump winning the election and Biden’s departure from office. To support his claims, Sen. Kennedy clarified that during that period, $93 billion had left the Loan Program Office of the Department of Energy under suspicious circumstances.
During the hearing, Sen. Kennedy got help from U.S. Secretary of Energy Chris Wright to confirm that “between the time that President Trump was elected and President Biden left office,” $76 billion of taxpayer dollars “went out the door” of the Department of Energy, with Secretary Wright adding that that number was “well over twice as much as in the previous 15 years.”
Building on his point, Sen. Kennedy asked Secretary Wright to explain how the Department of Energy could possibly “vet and do due diligence on a loan in 76 days,” adding, “One loan, much less $93 billion?” In response, Secretary Wright agreed, saying, “I think it’s probably pretty clear it wasn’t done in many cases.”
Continuing, Secretary Wright said that under the Biden Administration, the Department of Energy provided “lots of funds” to businesses that provided no business plan, no numbers about their own financial solvency…” interjecting, Sen. Kennedy asked, “So, you’re telling me that the Department of Energy, in the 76-day period before your boss was going to leave office, gave our loan money to entities that had no business plan?”
Adding to the depth of the scandal, Secretary Wright clarified that the Biden Administration’s DOE was giving funds to unqualified businesses “before the 76-day period as well.” The secretary continued, “I’ve come in with great concern about how this institution, this great American institution, has been run, and how American taxpayer money has been handled.”
Next, Sen. Kennedy asked if any business owner had come into the Department of Energy to “get some of this free money” and had been dishonest with Secretary Wright about their intentions. The secretary replied, “I have not experienced that, but I think it’s a reasonable assumption that that has happened.” In addition, Secretary Wright said that he believed that under Biden, the DOE was acting “distasteful” and “confidence-undermining.”
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Concluding, Secretary Wright said that he gave “enormous” credit to President Trump for his boldness in calling out corruption, fraud, and waste within the federal government, adding that the president is “willing to take the heat” for making tough calls. The secretary added, “Make the changes you need to make to better serve American taxpayers and American consumers.”
Watch the exchange:
Featured image credit: screengrab from the embedded video