Press Releases
Warren, Vitter Introduce Bailout Prevention Act
Bill text available here Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and David Vitter (R-La.), members of the Senate Banking Committee, today introduced the Bailout Prevention Act, legislation to halt megabank bailouts during a financial crisis by responsibly limiting the Federal Reserve's lending authority. It would also close a loophole that creates risk-taking exemptions for megabanks Goldman Sachs and Morgan Stanley. "It's no secret that Too Big to Fail is still around. If … Continue Reading
May 11, 2015
Cummings and Warren Host ‘Middle Class Prosperity Project’ Forum in Baltimore on Predatory Financial Services
Baltimore, Maryland - Today, following the recent unrest in Baltimore and the death of Freddie Gray, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren convened the fifth in a series of congressional forums as part of their Middle Class Prosperity Project to examine the lack of economic access and opportunity in many communities, including Baltimore. The forum, which took place in Baltimore, was also attended by … Continue Reading
May 07, 2015
Vitter, Warren Introduce Fed Accountability Act
Fact sheet on the bill available here Washington, D.C. - U.S. Senators David Vitter (R-La.) and Elizabeth Warren (D-Mass.), members of the Senate Banking Committee, today introduced the Fed Accountability Act, legislation to improve the Federal Reserve's decision-making process by increasing independence of individual Governors and bringing transparency to votes on enforcement actions over $1 million. The two Senators are also working on legislation to further halt megabank bailouts during a … Continue Reading
May 05, 2015
Senator Warren Delivers Floor Speech on GOP Budget's Damaging Impact on Massachusetts Families
Would Gut Critical Programs for Kids, Seniors, and Families While Giving Big Tax Cuts to the Wealthiest Americans Video of Senator Warren's speech available hereText of Senator Warren's speech available here Washington, DC - This afternoon, United States Senator Elizabeth Warren delivered a floor speech highlighting the FY16 Republican budget's damaging impact on Massachusetts families. The Senate is voting on the Republican budget this evening. Senator Warren explained in her remarks that … Continue Reading
April 28, 2015
Senators Warren, Lankford Introduce Truth in Settlements Act to Make Federal Agency Settlements More Transparent
Bill Text Fact Sheet WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.) and James Lankford (R-Okla.) today introduced bipartisan legislation to increase transparency around major settlements reached by federal enforcement agencies. When federal agencies close investigations and settle cases, they often tout the dollar amount obtained from the offender, but in many cases that amount is misleading because of tax deductions and other "credits" built into the settlement that reduce … Continue Reading
April 28, 2015
Senator Warren Launches Investigation of Rewards and Incentives Offered to Annuities Dealers Advising Retirees
Questionable practices highlight the need for a strong conflict-of-interest rule for retirement advisors WASHINGTON, DC - In letters sent to 15 of the country's largest annuity providers today, United States Senator Elizabeth Warren raised concerns about the rewards and incentives these companies offer to brokers and dealers who sell annuities to families and small investors. The letter explains that "annuity providers offer a vast range of perks - from cruises to international travel to … Continue Reading
April 27, 2015
Sen. Warren and Rep. Cummings Join Colleagues in Asking ED, Federal Student Loan Servicers About Efforts to Assist Struggling Borrowers
WASHINGTON, DC - Today, Senator Elizabeth Warren (D-Mass.) and United States Congressman Elijah Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, led a bicameral letter asking the U.S. Department of Education (ED) and four federal student loan servicers about their efforts to advise struggling student borrowers about relief options available to them under federal law. The letter also was signed by Senators Dick Durbin (D-Ill.), Jack Reed … Continue Reading
April 16, 2015
Senator Warren Highlights Republican Budget's Damaging Impact on Massachusetts Families
New Analysis Shows Budget's Effect on the Commonwealth WASHINGTON, DC - United States Senator Elizabeth Warren today released a new analysis highlighting the damaging impact in Massachusetts of the Republicans' 2016 federal budget, which would eliminate important benefits for middle-class families while giving billions of dollars in new tax cuts to the wealthiest Americans. The budget process moved forward this week with the formation of a conference committee to work out differences between … Continue Reading
April 15, 2015
Senator Warren Lays Out Next Steps for Financial Reform
Text of Full Remarks Fact Sheet on Reform Proposals Washington, DC - United States Senator Elizabeth Warren today delivered remarks at the Levy Economics Institute of Bard College's 24th Annual Hyman P. Minsky Conference on the unfinished business of financial reform and regulation of financial markets. "Rules are not the enemy of markets," said Senator Warren. "Rules are a necessary ingredient for healthy markets, for markets that create competition and innovation. And rolling back the … Continue Reading
April 15, 2015
Senator Warren's Remarks on the Anniversary of the Boston Marathon Bombing
WASHINGTON, DC -United States Senator Elizabeth Warren delivered the following remarks on the Senate floor today: Mr. President, two years ago today, the people of Boston came face-to-face with terror at the finish line of the Boston Marathon. This cowardly attack and its aftermath took four lives, injured scores more, and forever changed the lives of survivors and their families. In the face of this horrific terrorist act, Boston responded with courage and community. Our heroic first … Continue Reading
April 08, 2015
Senator Warren's Statement on the Verdict in the Boston Marathon Bombing Trial
WASHINGTON, DC - United States Senator Elizabeth Warren released the following statement today: "Nothing will ever replace what was lost in the wake of the Marathon bombing, but today's verdict is another step toward justice. Together, we will move … Continue Reading
March 27, 2015
Mass. Congressional Delegation Urges President Obama to Approve the Commonwealth's Disaster Declaration Request
Text of the Delegation's Letter is Available Here WASHINGTON, DC - The Massachusetts Congressional delegation today sent a letter urging President Barack Obama to approve Governor Charlie Baker's request for federal disaster assistance following the severe winter storms that have caused historic snowfall accumulations in the Commonwealth this winter. The letter highlights the unprecedented snowfall that impacted Massachusetts and the significant cost of state and local damages. "Many … Continue Reading
March 27, 2015
Senate Passes Bipartisan Budget Amendment Supporting At- Sea & Dockside Monitoring for New England Fisheries
WASHINGTON, DC - Last night, the Senate passed by unanimous consent a budget amendment introduced by Senators Elizabeth Warren (D-Mass.), Susan Collins (R-Maine), Edward J. Markey (D-Mass.), Angus King (I-Maine), and Kelly Ayotte (R-N.H.) to support at-sea and dockside monitoring for fisheries that have received economic disaster assistance. A fishery disaster declaration was declared in 2012 for the Northeast. "Many fishing families across Massachusetts are facing significant hardship because … Continue Reading
March 27, 2015
Warren, Manchin, Murray, Brown, Schatz Introduce budget amendment to strengthen, expand Social Security
WASHINGTON, DC - This evening, United States Senators Elizabeth Warren (D-Mass.), Joe Manchin (D- W.Va.), Patty Murray (D-Wash.) Sherrod Brown (D-Ohio), and Brian Schatz (D-Hawaii) introduced a budget amendment to support a sustainable expansion of Social Security benefits and promote the long-term solvency of the Social Security and Disability Insurance trust funds. The amendment requires these changes to be fully paid-for. "Our country faces a growing retirement crisis. Two-thirds of seniors … Continue Reading
March 26, 2015
Warren, Collins, King, and Markey Introduce Bipartisan Budget Amendment Supporting At-Sea & Dockside Monitoring for New England Fisheries
WASHINGTON, DC - Today, United States Senators Elizabeth Warren (D-Mass.), Susan Collins (R-Maine), Angus King (I-Maine), and Edward J. Markey (D-Mass.) introduced a bipartisan budget amendment to support at-sea and dockside monitoring for fisheries that have received economic disaster assistance. A fishery disaster declaration was declared in 2012 for the Northeast. "Many fishing families across Massachusetts are facing significant hardship because of the ongoing fisheries disaster," … Continue Reading
March 26, 2015
Senators Warren and Rubio Introduce Bipartisan Bill Honoring POW/MIA Servicemembers
Bill Would Establish Commemorative Chair on U.S. Capitol Grounds Companion Legislation Introduced in House by Congressman Lynch Bill text is available here WASHINGTON, DC - United States Senator Elizabeth Warren (D-Mass.), Senator Marco Rubio (R - Fla.) and a bipartisan group of their Senate colleagues today introduced legislation in the Senate and House to honor American servicemembers who are Prisoners of War (POW) or Missing in Action (MIA). The National POW/MIA Remembrance Act will honor … Continue Reading
March 25, 2015
Senators Introduce Budget Amendment to Let Students Refinance Crushing Student Loan Debt
WASHINGTON, DC - United States Senator Elizabeth Warren (D-Mass.) and dozens of Senate Democrats today introduced an amendment to the Senate budget resolution that would make college more affordable for middle-class families by allowing borrowers with outstanding Federal and private student loans to refinance at the interest rates approved last year for new borrowers. The cost of the amendment is fully offset by requiring millionaires to pay at least a 30 percent effective Federal tax … Continue Reading
March 24, 2015
VIDEO: Warren, Cummings Middle Class Prosperity Project Forum Focuses on “Ending the Retirement Savings Drain and Improving Economic Security”
Video of the Forum Can be Found Here WASHINGTON, D.C. - Today, United States Senator Elizabeth Warren and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform held the second in a series of congressional forums as part of the Middle Class Prosperity Project launched by the members last month. Tuesday's forum, titled "Ending the Retirement Savings Drain and Improving Economic Security," focused on one of the biggest challenges that Americans face … Continue Reading
March 23, 2015
Hundreds of Small Businesses Attend Senator Warren’s 2nd Annual Massachusetts Business Matchmaker
FRAMINGHAM, MA - United States Senator Elizabeth Warren today hosted her second annual Massachusetts Business Matchmaker event, welcoming more than 350 participants representing federal agencies, prime contractors, and small businesses from throughout the Commonwealth. This year's event was held in Framingham, and was a program of the U.S. Small Business Administration's (SBA) American Supplier Initiative in partnership with the U.S. General Services Administration (GSA). "This event is about … Continue Reading
March 18, 2015
Warren, Courtney Introduce Bank on Students Emergency Loan Refinancing Act to Tackle Student Debt
Washington, DC - Today, United States Senator Elizabeth Warren and Congressman Joe Courtney (CT-2) introduced the Bank on Students Emergency Loan Refinancing Act in the Senate and House. The legislation would allow those with outstanding student loan debt to refinance at the interest rates that were approved last year for new borrowers. A previous version of the bill was voted on in the 113th Congress, and every Senate Democrat and three Senate Republicans voted to move the bill forward, … Continue Reading
