Press Releases
Senator Warren Calls on Senate to Reject Bank Lobbyist Act
Video (Facebook)Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today delivered her sixth floor speech opposing the Senate's Bank Lobbyist Act. In her remarks, Senator Warren discussed how the Senate should be working for the American people, rather than big banks, and called on her colleagues to reject the legislation.Senator Warren also urged Congress to instead focus on passing her new legislation, the Ending Too Big to Jail Act, which would hold Wall … Continue Reading
March 14, 2018
On Tenth Anniversary of Financial Crisis, Warren Unveils Comprehensive Legislation to Hold Wall Street Executives Criminally Accountable
Bill Text | One-PagerWashington, DC - United States Senator Elizabeth Warren (D-Mass.) today introduced the Ending Too Big to Jail Act to hold big bank executives accountable when the banks they lead break the law. Ten years ago today, the Federal Reserve announced action to try to save Bear Stearns from failing, marking the beginning of a financial crisis that would cost the U.S. economy as much as $14 trillion. Wall Street scams and risk-taking were a main driver of the crisis, but no … Continue Reading
March 13, 2018
Senator Warren Delivers Fifth Speech in Series Against Senate Bank Deregulation Bill
Video (Facebook)Washington, DC - United States Senator Elizabeth Warren (D-Mass.) continued speaking out today against the Senate's efforts to enact the Bank Lobbyist Act. In a speech delivered on the Senate floor, Senator Warren outlined how the legislation exempts 85 percent of banks from reporting data under the Home Mortgage Disclosure Act (HMDA), making it easier for banks to discriminate against women and people of color.The full text of her remarks, as prepared for delivery, is … Continue Reading
March 12, 2018
Warren Delivers Fourth Speech in Series Against Senate Bank Deregulation Bill
Washington, DC - United States Senator Elizabeth Warren (D-Mass) today continued speaking out against the Senate's effort to roll back rules on the biggest banks in the country. Senator Warren spoke about how the new amendment claiming to address the problems in the legislation still preserves big bank giveaways, undermines civil rights laws, and weakens consumer protections. Remarks by Senator Elizabeth Warren *As prepared for delivery* March 12, 2018 Ten years ago today, at … Continue Reading
March 09, 2018
Warren, Cummings, Carper, and Peters Press Citigroup and Apollo on Loans to Kushner Business
Washington, DC - Senators Elizabeth Warren (D-Mass.), Tom Carper (D-Del.), Gary Peters (D-Mich.), and Representative Elijah Cummings (D-Md.), the Ranking Member of the House Committee on Oversight and Government Reform, sent letters to Citigroup and Apollo Global Management seeking information on reports that the companies provided more than $500 million in loans to Kushner Companies, the family business of Senior Advisor to the President Jared Kushner, after meeting with Mr. Kushner in the … Continue Reading
March 09, 2018
Senator Warren Delivers Third Floor Speech in Series Against Senate Bank Deregulation Bill
Video (Facebook)Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today continued speaking out against the Senate's effort to roll back rules on the biggest banks in the country. In her remarks, Senator Warren spoke about the history of financial deregulation in America.The full text of her remarks, as prepared for delivery, is available below.Remarks by Senator Elizabeth Warren *As prepared for delivery* March 8, 2018Ten years ago, millions of American families were on … Continue Reading
March 08, 2018
Warren: I Have to Call It Like I See it on #BankLobbyistAct
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today wrote a Medium post about the Senate's effort to roll back rules on the biggest banks in the country.I ran for the United States Senate because I wanted to protect working families from another financial crisis. I spent most of my adult life studying how America's middle class was getting squeezed by rising costs and stagnant wages. The 2008 financial crisis was a punch to the gut for a lot of those families - and … Continue Reading
March 07, 2018
Senator Warren Outlines How Bank Deregulation Bill Poses Risk to Economy
Washington, DC - In a floor speech delivered today on the Senate floor, United States Senator Elizabeth Warren (D-Mass.) continued speaking out against the Senate's effort to roll back the rules on the biggest banks in the country. In her remarks, Senator Warren discussed how, in addition to hurting American consumers, the legislation to deregulate these banks will increase the risk of another economic meltdown.The speech is the second of three floor speeches that Senator Warren … Continue Reading
March 07, 2018
Warren Releases 17 Amendments Filed to Senate Bank Deregulation Bill
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) filed 17 amendments to demonstrate serious flaws with the Senate's legislation to roll back rules on the biggest banks in the country. The amendments include prohibiting rolling back the rules on any big bank that got more than $1 billion in bailout money, striking provisions of the bill that exclusively benefit the biggest Wall Street banks, imposing mandatory penalties on companies like Equifax when they lose consumer data, … Continue Reading
March 07, 2018
Warren Leads Senators Urging NLRB to Allow McDonald's Joint-Employer Case to Advance
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) led a group of five senators writing to Peter Robb, General Counsel of the National Labor Relations Board (NLRB), requesting that he allow the trial in the McDonald's joint-employer case to proceed so that a judge may rule on McDonald's liability. The McDonald's case, which involves hundreds of allegations that the company unlawfully harassed and fired workers organizing for higher wages, has been in trial before an … Continue Reading
March 06, 2018
Senator Warren Discusses Negative Impact of Bank Deregulation Bill on American Consumers
Video (Facebook)Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today delivered a speech on the Senate floor in which she spoke out against the Senate's effort to deregulate big banks 10 years after the financial crisis. In her remarks, Senator Warren discussed how the bank deregulation bill would hurt consumers and make it easier for banks to engage in discriminatory behavior and offer risky home loans to consumers who can't afford them.The speech is the first in a … Continue Reading
March 06, 2018
Warren Introduces Legislation to Compensate Investors Cheated by Brokers and Dealers
Bill Text | One-PagerWashington, DC - United States Senator Elizabeth Warren (D-Mass.) today introduced the Compensation for Cheated Investors Act which would direct the Financial Industry Regulatory Authority (FINRA) to use its existing authority to compensate investors for unpaid arbitration awards against FINRA members. Investors don't win very often in the arbitration process - and when they do, they often don't get paid. According to a December 2015 report by FINRA's Dispute … Continue Reading
March 06, 2018
Warren, Blumenthal, Sanders Press FEMA on Preparations for Upcoming Hurricane Season
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.), and Bernie Sanders (I-Vt.) today sent a letter to Brock Long, Administrator of the Federal Emergency Management Agency (FEMA), requesting information on the agency's plans to prepare for the upcoming hurricane season following the devastation in Florida, Texas, Puerto Rico, and the U.S. Virgin Islands caused by Hurricanes Harvey, Irma, and Maria. The letter comes as early predictions suggest that … Continue Reading
March 02, 2018
Warren Questions Trump's ONDCP Nominee James Carroll Ahead of Confirmation Hearing
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) today sent a letter to President Trump's nominee for the Office of National Drug Control Policy (ONDCP) Director James Carroll, requesting information on his public health and addiction policy experience and on how he would use the role of ONDCP Director to strengthen the White House's weak response to the opioid crisis. The ONDCP plays a critical role in directing the Trump Administration's response to the opioid epidemic, … Continue Reading
March 01, 2018
Warren, Sanders Request $1 Billion for Mental Health Programs
Washington, DC -United States Senators Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) today sent a letter to Senate Appropriators Thad Cochran (R-Miss.) and Patrick Leahy (D-Vt.), urging them to appropriate $1 billion in FY 2018 to mental health programs through the Substance Abuse and Mental Health Administration (SAMHSA). While the Bipartisan Budget Act of 2018, which passed last month, included $6 billion to address the opioid and mental health crisis, the legislation did not … Continue Reading
March 01, 2018
Warren, Daines Re-Introduce Bill to Upgrade America's Retirement Saving System
Bill Text | One-PagerWashington, DC - United States Senators Elizabeth Warren (D-Mass.) and Steve Daines (R-Mont.) today re-introduced the bipartisan Retirement Savings Lost and Found Act to modernize the retirement system to better protect Americans' hard-earned savings. The proliferation of small accounts is costing Americans tens of billions of dollars every year in lost savings because of cash-outs and redundant fees, and that doesn't include lost savings from missing … Continue Reading
March 01, 2018
Warren Statement on Equifax Disclosure of 2 Million More Americans Affected by Massive Data Breach
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) released the below statement in response to Equifax identifying 2.4 million more people affected by its massive data breach than initially reported: "I spent 5 months investigating the Equifax breach and found the company failed to disclose the full extent of the hack. Today, Equifax acknowledged that 2.4 million more people were affected than initially reported and that driver's license information was also stolen. … Continue Reading
March 01, 2018
With SNAP Under Attack, Warren, Blumenthal, Colleagues Introduce Legislation to Ensure Recipients Seeking Employment Don't Unfairly Lose Benefits
Washington, DC - U.S. Senators Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.), Chris Murphy (D-Conn.), Edward J. Markey (D-Mass.), Mazie Hirono (D-Hawaii), and Bernie Sanders (I-Vt.) introduced legislation today to support Supplemental Nutrition Assistance Program (SNAP) recipients with job training and resources to seek employment opportunities. The bill introduction follows a Trump Administration proposal to severely cut SNAP benefits by $17 billion in 2019, and restructure … Continue Reading
March 01, 2018
Warren, Feinstein, Cortez Masto Seek Data on Prevalence of Sexual Harassment in Financial Sector
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Dianne Feinstein (D-Calif.), and Catherine Cortez Masto (D-Nev.) today sent letters to the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), requesting information on the prevalence of sexual harassment within the financial sector. The financial services industry employs over six million people. According to EEOC data, the "finance and insurance" sector generated the ninth-largest … Continue Reading
March 01, 2018
New Warren-Clark Report: DeVos Tenure has been a Boon for Shady For-Profit Colleges, Student Loan Companies, and School Privatization Advocates
Washington, DC - United States Senator Elizabeth Warren and Representative Katherine Clark today unveiled the first "DeVos Watch" annual review. The 17-page report finds that Secretary DeVos's major actions during her first year in charge of the U.S. Department of Education has been a boon for for-profit colleges, student loan companies, and advocates of school privatization at the expense of America's K12 and college students. The report reveals that Secretary DeVos's actions have … Continue Reading
