Press Releases
ICYMI: At Hearing, Warren Sets up 2025 Tax Fight, Calls for a Tax Code that Reflects American Values, Investing in Middle Class and Working People
Warren: “(A fair tax code) means making billionaires and big businesses their fair share. And it means rejecting bad deals that throw pennies to ordinary Americans, while showering the ultra-wealthy with more tax giveaways.” Hearing Recording (Senate BHUA Committee Website) Washington, D.C. - At a hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, U.S. Senator Elizabeth Warren (D-Mass.) made the case for strong reform to the U.S. tax code in 2025, when … Continue Reading
September 19, 2024
Warren, Fetterman, Senators Push USDA to Eliminate School Lunch Junk Fees
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), John Fetterman (D-Pa.), Chair of the Senate Agriculture, Nutrition and Forestry Subcommittee on Food and Nutrition, Specialty Crops, Organics and Research, Debbie Stabenow (D-Mich.), Chair of the Senate Committee on Agriculture, Nutrition, and Forestry, Bernie Sanders, Chair of the Health, Education, Labor and Pensions Committee, Sherrod Brown (D-Ohio), former chair of the Agriculture Subcommittee on Hunger, Nutrition and Family … Continue Reading
September 19, 2024
Warren, Markey, Moulton Demand Answers From Corporate Landlords in Massachusetts Allegedly Using Rent-Hiking Algorithm
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.), and Representative Seth Moulton (D-MA-06), today demanded answers from 13 corporate landlords operating in Massachusetts, asking these companies whether they are using RealPage’s algorithm to raise rents for Massachusetts families. Last month, the Department of Justice and attorneys general in eight states filed a major antitrust lawsuit alleging that RealPage’s software enabled landlords to collude to … Continue Reading
September 18, 2024
At Hearing, Warren Makes Case for Using 2025 Tax Fight to Raise Taxes on Corporations and Billionaires, Lower Costs for American Families
| Hearing Livestream Washington, D.C. - At a hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, U.S. Senator Elizabeth Warren (D-Mass.) delivered opening remarks focused on the impact of potential tax reforms in 2025, when certain provisions of the 2017 Republican tax cuts expire. Senator Warren underscored that the 2025 tax fight brings an opportunity to make giant corporations pay their fair share and use that revenue to lower costs for ordinary … Continue Reading
September 18, 2024
ICYMI: Warren Celebrates Landmark CFPB Settlement, Slams Loan Servicer Navient for Continued Predatory Practices
Washington, D.C.- At a subcommittee hearing of the Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren (D-Mass.) celebrated last week’s landmark CFPB settlement with Navient, which delivered $100 million in relief to borrowers and permanently blocked Navient from the federal student loan system, and discussed Navient’s continued mistreatment of student loan borrowers with private loans, calling on the servicer to cancel loans held by borrowers who attended … Continue Reading
September 18, 2024
At Hearing, Warren Highlights Impact of Inflation Reduction Act on Massachusetts, Debunks Big Pharma’s Claims that Medicare Drug Price Negotiation is Bad for Innovation
Washington, D.C. - At a hearing of the Senate Finance Committee, Senator Warren highlighted significant health care savings for seniors in Massachusetts as a result of the Inflation Reduction Act (IRA), which Congress passed with zero Republican votes, and debunked claims that allowing Medicare to negotiate drug prices will harm innovation and investment in the pharmaceutical industry. In response to questions from Senator Warren, Professor Rena Conti, Dean’s Research Scholar and … Continue Reading
September 17, 2024
Warren Statement on Regulators’ Bank Merger Guidelines
Washington, D.C. - Today, in response to regulators’ updated guidance on oversight of mergers between banks, U.S. Senator Elizabeth Warren (D-Mass.) released the following statement: “Wall Street banks like Capital One and Discover love mergers, but bigger is not better for Main Street. Bigger banks charge higher junk fees, provide lower quality service, crush community banks, and put taxpayers on the hook for bailouts when they crash. The Department of Justice’s work to fight consolidation … Continue Reading
September 17, 2024
Warren, Scott, Lawmakers Warn of Risks to National Security, Military Readiness Due to Reliance on Foreign Pharmaceuticals
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), chair of the Senate Armed Service Subcommittee on Personnel, Rick Scott (R-Fla.), Ranking Member of the Senate Armed Services Subcommittee on Personnel, Marco Rubio (R-Fla.), Chris Murphy (D-Conn.), Joni Ernst (R-Iowa), and Mike Rounds (R-S.D.) wrote to the Department of Defense (DoD) seeking an update on its pharmaceutical acquisition strategy following the decision in Acetris Health, LLC v. United States (Acetris), which … Continue Reading
September 16, 2024
Warren, Scott Urge Department of Defense to Urgently Increase Child Care Staff Pay to Address Staffing Challenges
Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.), the chair and ranking member for the Senate Armed Services’ Personnel subcommittee, wrote to Department of Defense Secretary Lloyd Austin, urging the Department to increase child care staff pay to address staffing challenges and ensure military families have access to affordable, high-quality child care. The Department of Defense’s 30-year-old child care program is the largest — and one of the strongest — … Continue Reading
September 16, 2024
Warren, Waters Slam Chamber of Commerce, American Bankers Association for Efforts to Block Community Reinvestment Act Reforms
Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.), Chair of the Senate Banking Committee’s Economic Policy Subcommittee, and Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, today slammed the Chamber of Commerce (Chamber) and the American Bankers Association (ABA) for their efforts to block necessary reforms to the Community Reinvestment Act. “The banking industry has changed drastically since the last major update to the CRA in 1995, … Continue Reading
September 16, 2024
As Nursing Home Industry Fights Life-Saving Minimum Staffing Rule, Top Industry Executives Were Paid Tens of Millions of Dollars
Washington, D.C. - Today, U.S.Senator Elizabeth Warren (D-Mass.), along with Senators Bernie Sanders (I-Vt.) and Richard Blumenthal (D-Conn) and Rep. Jan Schakowsky (D-IL), wrote to the CEOs of three major nursing homes, Brookdale Senior Living, Ensign Group, and National HealthCare, rebutting industry claims that nursing homes can’t afford to meet new minimum staffing requirements put in place by a Biden-Harris administration policy. This rule would have an extraordinary impact on nursing … Continue Reading
September 16, 2024
On Eve of Key Fed Meeting, Warren, Hickenlooper, Whitehouse Urge Chair Powell To Cut Interest Rates from Two-Decade Highs to Limit Threat of Economic Slowdown
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), John Hickenlooper (D-Colo.), and Sheldon Whitehouse (D-R.I.) called on the Federal Reserve (Fed) to cut the federal funds rate, currently at a two decade-high of 5.3 percent, by 75 basis points (.75%; each basis point is one hundredth of a percent) at the Federal Open Market Committee (FOMC) meeting that begins tomorrow. Economists have warned for months that the Fed risks weakening the economy by moving too slowly to cut … Continue Reading
September 16, 2024
Warren Releases 26-Page Report Highlighting Senate Armed Services Committee Accomplishments
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) released a new 26-page report, Preserving National Security, Protecting Military Families and Veterans, and Defending Taxpayers, outlining her accomplishments on the Senate Arms Services Committee since her appointment as a member in 2017. The report details Senator Warren’s work for servicemembers and their families in Massachusetts and across the country, from fighting for increased accountability in military spending and … Continue Reading
September 13, 2024
ICYMI: At Hearing, Warren Pushes For Increased Efforts to Shut Down Crypto Scams Hurting Seniors
Washington, D.C. - At a hearing of the Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren (D-Mass.) highlighted the harms of romance and fake investment scams targeting older Americans in Massachusetts and across the country and called for increased efforts to shut down these crimes. A 2023 report from the FBI showed that Massachusetts residents lost over $85 million to romance and fake investment scams, which are some of the most serious financial crimes in the … Continue Reading
September 13, 2024
ICYMI: At Hearing, Warren Calls for Taxing Billionaires in 2025 to Fund Investments in High-Quality Child Care
Washington, D.C. - At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) made the case for investing in high-quality childcare and education for American families, funded by the Biden-Harris billionaires minimum tax, which would ensure the wealthiest 10,000 Americans pay a minimum 25% of their income in taxes. Mr. Bob Lord, Senior Advisor on Tax Policy at Patriotic Millionaires, shared that the wealthiest Americans are making plenty of money but can do so in … Continue Reading
September 12, 2024
Warren, Hayes, Bicameral Lawmakers Renew Push to Address Food Insecurity Among College Students by Introducing the Student Food Security Act of 2024
Washington, D.C. - Senator Elizabeth Warren (D-Mass.) and Congresswoman Jahana Hayes (D-Conn.), Ranking Member of the House Subcommittee on Nutrition, Foreign Agriculture, and Horticulture, along with Senators Alex Padilla (D-Calif.), Chris Murphy (D-Conn.), Chair of the Senate Committee on Health, Education, Labor, and Pensions Bernie Sanders (I-Vt.), Chair of the Senate Subcommittee on Food and Nutrition, Specialty Crops, Organics, and Research John Fetterman (D-Pa.), and Congresswoman Norma … Continue Reading
September 12, 2024
Warren, Senators Fight Back Against Fintech Firms Freezing Customer Funds
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) wrote to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System (Fed), and the Office of the Comptroller of the Currency (OCC) raising concerns about partnerships between traditional banks, Banking as a Service (BaaS) providers such as Stripe, Finastra, Synapse, and Marqueta, and financial technology (fintech) entities such as Venmo, CashApp, Yotta, and Chime. These entities have … Continue Reading
September 12, 2024
Senator Warren Statement on Steward CEO Ralph de la Torre Refusal to Comply with Subpoena
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) issued the following statement in response to Steward CEO Ralph de la Torre’s refusal to comply with a congressional subpoena this morning: “Ralph de la Torre is just one more rich guy who thinks he’s above the law. After driving Steward’s hospitals into bankruptcy while living large at patients’ expense, Dr. de la Torre is pulling out all the stops to weasel out of accountability. A congressional subpoena is a legal order, not an … Continue Reading
September 11, 2024
Warren, Merkley Release New Report on Biden-Harris Student Debt Relief: Who Really Benefits from Student Debt Cancellation?
Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass.) and Jeff Merkley (D-Ore.) released a new 29-page report, Who Really Benefits from Student Debt Cancellation?, examining the impact of the Biden-Harris administration’s new Higher Education Act rule, proposed in April 2024, to cancel student loan debt for 24 million students by the end of this year. The report finds that low- and middle-income borrowers, seniors, women, and Black borrowers will receive enormous benefits from the … Continue Reading
September 10, 2024
Over 50 Members of Congress Call on Department of Education to Consider Terminating Contract with MOHELA
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Jim Clyburn (D-S.C.) led 56 of their colleagues in a letter to the Department of Education (ED), calling on the Department to conduct an analysis as to whether the Higher Education Loan Authority of the State of Missouri (MOHELA) has adhered to its contracts with the federal government, and if not, to consider terminating those contracts. This letter comes after two new lawsuits brought by the American … Continue Reading
