Good evening, and welcome to our Weekend Update.

On Tuesday evening, we had a great night at the White House with President Donald Trump and my Republican colleagues in Congress, celebrating the passage of the One Big Beautiful Bill—a historic piece of legislation that will help secure our borders, unleash American energy dominance, rein in spending, and deliver the most significant tax relief for working families and small businesses in American history.

But this is just the beginning. Throughout the night, many of our conversations focused on how we can build on the OBBB to keep advancing the America First agenda and deliver even more wins for Pennsylvania and the American people.

Before arriving in D.C., I visited New York City for a series of media interviews and events. First thing, I joined “Mornings with Maria” on Fox Business to discuss the Democrats' threat of a government shutdown, President Trump's signing of the GENIUS Act, and what it means to American investors, and the impact of inciteful rhetoric on the rising violence against Border Patrol, ICE, and other law enforcement. Click here or below to watch.

Click here to watch another segment from “Mornings with Maria.”

Later, I joined “Wake Up America” on Newsmax to further discuss the GENIUS Act, and disturbing new evidence released by DNI Tulsi Gabbard showing the Obama Administration knowingly pushed a false Russia collusion narrative to discredit President Trump before he even took office.

They had no proof—because there was none. But they went ahead anyway, weaponizing the Steele Dossier and the intelligence community to damage a duly elected president. That was a real threat to democracy.

We also talked about President Trump’s first six months back in office—and the results speak for themselves. Click here or below to watch.

I joined “The Brian Kilmeade Show” on Fox News Radio for a wide-ranging conversation on the state of the Democrat Party, President Trump’s first six months, the housing market, interest rates, small business access to capital, and new revelations about the discredited 2016 Russia collusion narrative.

We also discussed the clear contrast in leadership between President Trump and the previous administration—and what that means for the country's future direction. The differences couldn’t be clearer.

It was an in-depth discussion—if you missed it, you can catch the full interview by clicking here or below.

I want to thank Brian Kilmeade—he’s an outstanding host on “Fox and Friends”, “The Brian Kilmeade Show” and across his broader work in media. I appreciate his time and the conversation. He’s also a great guy and wrote many excellent books.

Later, I was happy to tour Nasdaq’s headquarters in New York City.

Nasdaq is one of the world’s premier financial technology companies—pioneering innovation in the markets since 1971. We had a productive conversation about key priorities, including increasing capital formation, digital asset regulation, and potential SEC disclosure reforms.

Their insights on market structure and the future of digital assets will help guide my work on the Financial Services Committee, as well as the Republicans. Thank you to CEO Adena Friedman and the Nasdaq team for their leadership in promoting transparent, efficient, and investor-focused markets.

I joined "Newsline" on Newsmax to discuss several major developments. First, we talked about former White House Chief of Staff Ron Klain’s cooperation in the Oversight Committee’s investigation into President Biden’s mental fitness. His deputies pleaded the Fifth because they knew there was a cover-up. We also discussed the DOJ's interview with Ghislaine Maxwell—as President Trump has said from the beginning, all credible and verifiable Epstein information should be released. Finally, I highlighted the House Committee on Small Business's unanimous passage of my Investing in All of America Act, which expands small business investment in rural areas, manufacturing, and communities across Pennsylvania. If you missed the interview, check it out below by clicking here.

I joined the "RJ Harris Breakfast Show" on WHP 580 on Thursday morning to talk about the One Big Beautiful Bill. This America-First legislation delivers relief for working families and small businesses—and prevented the largest tax hike in American history. It keeps tax rates competitive, expands the Child Tax Credit, eliminates taxes on tips and overtime, and provides a $6,000 senior deduction. House Republicans are delivering real results—pro-growth tax policy, energy dominance, and a secure border—and this is just the beginning. Click here or below to listen.

IN NEWS YOU WON’T HEAR IN MAINSTREAM MEDIA: The Data is in, and it shows the U.S. economy is back on track under President Trump and Congressional Republicans.

The U.S. economy is “regaining its swagger” under President Donald J. Trump — and you need not look further than the banner economic news from the past week for proof.

• Core inflation beat market expectations for the fifth straight month — every whole month since President Trump took office.
   
  • Since President Trump took office, core inflation has remained at just 2.1% — levels not seen since the first year of the Trump Administration, when prices were low and stable — and is right in line with the Fed’s inflation target.
    
    
• Wholesale prices came in completely flat, below market expectations and underscoring the tremendous progress made on taming the Biden-era inflation crisis.
  
  
• Industrial production exceeded market expectations with a higher-than-expected rise, indicating that inflation is declining as domestic production surges.
  
  
  • Manufacturing output has surged by 1.8% in the first five months of President Trump’s second term, compared to a -0.7% decline in the final five months preceding President Trump’s inauguration.
    
    
• Customs and tariff revenues have totaled $120 billion since President Trump took office — topping $100 billion in a fiscal year for the first time ever — including $7 billion in the last week alone, fueling the first June budget surplus in nearly a decade.
  
  
• Advance retail sales exceeded expectations in June, indicating that consumers are confident and spending, thanks to low inflation and strong wage gains.
• Consumer sentiment surged in July, surpassing market expectations once again, as inflation expectations for the next year plummeted sharply.
  
  
• Initial claims for unemployment benefits fell for the fifth straight week, confirming the strong jobs report.
  
  
• Housing starts and permits for new builds both increased in June above market expectations.

Our policies are driving this success. The American people gave President Donald Trump a clear mandate to enact his America First agenda – and House Republicans are answering that call.

To date, we’ve voted to codify 50 of the President’s executive actions into law.

In additional news and updates:

I spoke in the House Committee on Small Business in support of my bipartisan bill—the Investing in All of America Act, which the Committee just unanimously passed. Click here or below to read my statement on the legislation.

This legislation expands access to capital for small businesses in rural, low-income, manufacturing, and national security technology sectors. It builds on the success of the SBIC program, which has helped create over 3 million jobs—without incurring any taxpayer costs.

The bill also ensures that investments in underserved communities are rewarded—not penalized—and will help strengthen domestic manufacturing and fuel high-quality American job growth.

Thank you to Rep. Hillary Scholten for her partnership, Chairman Roger Williams for bringing the bill forward, and to the Small Business Investor Alliance for their strong support. Click here or below to watch my remarks.

As part of a House Financial Services Committee hearing, I weighed in on Congressman Bryan Steil's H.R. 4430—the Expanding the WKSI Eligibility Act.

This bipartisan bill aims to cut red tape, lower costs, and provide growing companies with the tools they need to succeed in our public markets. By expanding well-known seasoned issuer status, we allow more businesses—particularly emerging ones—to raise follow-on capital quickly and efficiently.

That means less time and money spent on duplicative audits and SEC pre-approvals—and more focus on innovation, hiring, and growth. Click here or below to watch.

The Financial Services Committee Republicans advanced my bill, the SAFE Guidance Act—a commonsense step to rein in regulatory overreach.

Biden regulators too often used informal “guidance” as a backdoor to enforce policy without accountability. Operation Chokepoint 2.0 demonstrated how these tools were utilized to pressure banks into cutting off lawful industries, such as cryptocurrency firms and energy companies. My bill requires that guidance documents clearly state they are nonbinding—so regulators can’t use them to intimidate or coerce.

Congress sets policy and laws, not unelected regulators. The SAFE Guidance Act makes sure regulatory guidance helps businesses—not harms them. Click here or below to watch my comments.

On Wednesday morning, I had the pleasure of meeting with over 75 outstanding students from the WesGold Fellows program, alongside my colleague Congressman Dwight Evans.

These young leaders from Philadelphia are part of an incredible 8-week paid summer internship that equips high school and college students with knowledge in financial literacy, real estate, entrepreneurship, and career planning. Their visit to Washington, D.C. was part of a week focused on Experiential Learning—and they came prepared with sharp questions and big ideas.

Programs like WesGold Fellows are building bridges across generations and empowering students to reach their full potential.

Later, I had a productive meeting today with Al Moffitt, Global Treasurer at JPMorgan Chase.

We discussed strengthening access to capital, the importance of community banks, and ensuring our financial system remains safe, sound, and resilient.