On November 27 local time, U.S. House Speaker Mike Johnson stated that American entrepreneur Elon Musk and former Republican presidential candidate Vivek Ramaswamy will head to Capitol Hill on December 5 to discuss significant reform ideas aimed at "achieving deregulation, administrative reductions, and cost savings" with House and Senate Republicans. Previously, on November 12, elected President Trump announced that Musk and Ramaswamy would jointly lead the proposed "Department of Government Efficiency" after he takes office, which will "pave the way for dismantling government bureaucracy, cutting unnecessary regulatory burdens and wasteful spending, and restructuring federal agencies."