Press Releases
GAO Accepts Warren, Lawmakers’ Request to Review DoD Efforts on TBI and Blast Overpressure
Washington, D.C. - In response to a request from lawmakers led by Senators Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Personnel Subcommittee; Joni Ernst (R-Iowa), Ranking Member of the Senate Armed Services Emerging Threats and Capabilities Subcommittee; and Representatives Ro Khanna (D-Calif.) and Elise Stefanik (R-N.Y.), both members of the House Armed Services Committee, the U.S. Government Accountability Office (GAO) announced that it will review the Department of … Continue Reading
June 18, 2024
At Hearing, Warren Urges Adequate Cash Assistance for Disabled and Low-Income Seniors Receiving Supplemental Security Income, Calls for Reforms to Improve Program, Lower Administrative Costs
Warren: “SSI is supposed to keep Americans with disabilities out of poverty, but it offers below-poverty-level support, punishes recipients for working, and punishes recipients for saving, all while burdening SSA and wasting taxpayer dollars.” Video of Exchange (01:42:43-1:47:27) Washington, D.C. — At a hearing of the U.S. Senate Committee on Finance, U.S. Senator Elizabeth Warren (D-Mass.) questioned Social Security Administration Associate Commissioner Susan B. Wilschke, about concerns … Continue Reading
June 18, 2024
Warren Pushes Federal Reserve to Finalize Increased Basel III Bank Capital Requirements
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) wrote to Federal Reserve (the Fed) Chair Jerome Powell amid public reports that he is giving in to JPMorgan CEO Jamie Dimon’s demands and intends to halve the Fed’s proposed increase in bank capital requirements. Senator Warren urged Chair Powell to allow the Fed Board to convene for a vote on the original, 16% capital increase by June 30. Following the 2008 market crash, global financial regulators determined that the capital … Continue Reading
June 17, 2024
Warren, Whitehouse, Van Hollen Applaud Treasury and IRS Crackdown on Partnership Shell Games
Closing this major loophole is expected to raise $50 billion in tax revenue over the next ten years. Washington, D.C. - Following today’s announcement from the Treasury Department (Treasury) and the Internal Revenue Service (IRS), U.S. Senators Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.), and Chris Van Hollen (D-Md.) released the following statements celebrating the closure of a major tax loophole: “Our tax code needs to work for everyone, not just those at the top. Closing … Continue Reading
June 17, 2024
ICYMI: In Speech, Warren Sets Agenda and Redlines for 2025 Tax Fight, Urges Democrats Back Popular Biden Policy to Tax the Rich
I Video of Remarks (CSPAN) Washington, D.C. — Today, U.S. Senator Elizabeth Warren (D-Mass.) delivered remarks at the Washington Center for Equitable Growth to set the agenda on taxes ahead of the 2025 tax fight and urge Democrats to back President Biden’s agenda to tax the rich. Senator Warren’s call comes as Congress will have the opportunity to make major tax policy changes as a large portion of the 2017 Republican tax cuts for the wealthy expire. Senator Warren made her redlines clear … Continue Reading
June 14, 2024
Warren, Markey, Massachusetts Congressional Delegation Urge Biden Administration to Approve State’s Bid for Additional Funding to Support New Arrivals
Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.), along with the entire Massachusetts congressional delegation, sent a letter to Secretary of Homeland Security Alejandro Mayorkas and Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell, urging them to approve Massachusetts’ application for an additional $34.5 million in funding through the Shelter and Services Program (SSP) to better support new arrivals. At the moment, … Continue Reading
June 14, 2024
Warren, Casten, Lawmakers Urge Financial Regulators to Stop Obstruction of Efforts to Tackle Climate-Related Financial Risks
Washington, D.C. - Senator Elizabeth Warren (D-Mass.) and Representative Sean Casten (D-Ill.) led a letter to the Federal Reserve Board (Fed), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), urging regulators to stop their obstruction of global financial regulators’ work to tackle climate-related financial risks. The lawmakers also called out the weaknesses revealed by the Fed’s 2023 “pilot scenario analysis” exploring six major banks’ … Continue Reading
June 12, 2024
At Hearing, Warren Hits Republican Defense of Junk Fees, Applauds Biden Administration and CFPB for Tackling Home Loan Junk Fees
Washington, D.C. — At a hearing of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, U.S. Senator Elizabeth Warren (D-Mass.) questioned Director of the Consumer Financial Protection Bureau (CFPB) Rohit Chopra on the Bureau's efforts to tackle junk fees across the housing market. The hearing follows a May 2024 announcement that the Bureau had opened a public inquiry into junk fees and their impact on mortgage closing costs that push homeownership out of reach for many, and a 7-2 … Continue Reading
June 12, 2024
Warren Announces Key Priorities for FY 2025 NDAA
Washington, D.C. - As the Senate begins markup on the fiscal year 2025 National Defense Authorization Act (NDAA) this week, U.S. Senator Elizabeth Warren (D-Mass.), chair of the Senate Armed Services Subcommittee on Personnel, announced her key priorities. Senator Warren is pushing for provisions to protect servicemembers from blast overpressure risks, limit the influence of contractors on the military, close loopholes in acquisition laws, increase oversight on the Defense budgetary process, … Continue Reading
June 11, 2024
Senators Warren, Markey Introduce the Corporate Crimes Against Health Care Act of 2024
Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) introduced the Corporate Crimes Against Health Care Act of 2024 to root out corporate greed and private equity abuse in the health care system. Over the last decade, private equity fund assets have more than doubled, totaling $8.2 trillion in 2023. While private equity funds have purchased companies in nearly every sector of the economy, their aggressive deal-making in the health care sector poses … Continue Reading
June 11, 2024
In Bipartisan Letter, Warren, Scott Call New Federal Reserve Ethics Enforcement Policy “A Dismal Failure”
| Federal Reserve Bank Ethics Policy Washington, D.C. - In a bipartisan letter to the Chair of the Federal Reserve (“the Chair”, “the Fed”), Jerome Powell, Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.) criticized the Fed’s long-awaited policy to address illicit trading by Federal Reserve Bank officials. The senators reveal that the new policy is riddled with loopholes, contains weak penalties, and requires no transparency for officials that violate the trading rules. The … Continue Reading
June 10, 2024
Warren, Rosen, Hickenlooper Push Federal Reserve to Lower Interest Rates
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.), and John Hickenlooper (D-Colo.) wrote to the Federal Reserve (the Fed), urging Chair Jerome Powell to cut the federal funds interest rates from its current, two-decade-high of 5.5 percent. This comes as major central banks around the globe have cut rates or are leaning towards lowering interest rates — including the European Central Bank, which cut its rates last week from 4% to 3.75%. The letter also raises … Continue Reading
June 10, 2024
Warren Calls out Insurers, Private Equity, and Big Pharma for Anti-Competitive Tactics and Raising Health Care Costs, Calls for Government Crack Down on Corporate Greed in Health Care
Washington, D.C. - U.S. Senator Elizabeth Warren wrote to the Department of Justice (DOJ), the Department of Health and Human Services (HHS), and the Federal Trade Commission (FTC), calling out high health care costs due to vertically-integrated insurers, private equity companies, and pharmaceutical companies that are driving health care consolidation. The letter responds to the three agencies’ March 2024 cross-government inquiry into the impacts of corporate greed in health care, and … Continue Reading
June 07, 2024
Warren, Jayapal Push Eight Pharma Companies to Pull Over 100 “Sham” Patent Listings, Opening Opportunity for More Competition, Lower Drug Prices
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Representative Pramila Jayapal (D-Wash.) sent letters to eight pharmaceutical companies urging them to voluntarily de-list over 100 patents that the Federal Trade Commission (FTC) has determined may be improperly or inaccurately listed in the Food and Drug Administration’s (FDA’s) Orange Book. De-listing these patents would allow for life-saving inhalers and diabetes drugs to enter the market as generics, lowering drug prices … Continue Reading
June 07, 2024
Warren Pushes to Reform Federal Home Loan Bank System to Address Affordable Housing Crisis
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to the Federal Housing Finance Agency (FHFA) urging the agency to address our country’s affordable housing crisis by reforming the broken Federal Home Loan Bank (FHLB) System. In particular, she urged the FHFA to move forward with two proposed rulemakings on the FHLBs’ mission and membership. In 1932, Congress created the FHLB system to address the housing crisis created by the Great Depression. In return for tax … Continue Reading
June 05, 2024
At Hearing, Warren Calls Out Republicans for Retroactive Tariff Cuts for Big Businesses, Renewal of Federal Assistance for American Workers Affected by Trade
Washington, D.C. - At a hearing of the Senate Committee on Finance, U.S. Senator Elizabeth Warren (D-Mass.) called for the renewal of the Trade Adjustment Assistance (TAA) program to help American workers who lose their jobs due to trade. The TAA program provides critical federal assistance to workers who have involuntarily lost their jobs due to overseas competition. The program lapsed in mid-2022, meaning over 100,000 American workers who have lost their job since then and applied for TAA … Continue Reading
June 05, 2024
Warren, Waters, and 36 Lawmakers Urge SEC to Remain Focused on Climate Risk
Washington, D.C. - Senator Elizabeth Warren (D-Mass.), Chair of the Senate Banking Subcommittee on Economic Policy, and Representative Maxine Waters (D-Calif.), Ranking Member of the House Financial Services Committee, led 36 lawmakers in a letter to the Securities and Exchange Commission (SEC) urging the SEC to remain focused on the risk that climate change poses to investors. Among other calls to action, the letter urges the Commission to enforce its existing climate risk guidance and … Continue Reading
June 05, 2024
ICYMI: In Rolling Stone Op-Ed, Senator Warren Urges Breakup of Live Nation-Ticketmaster
Warren: “Years of bullying both artists and venues, while price-gouging customers, has caught up with this corporate giant.” Op-Ed in Rolling Stone Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) published a new op-ed in Rolling Stone applauding the Department of Justice’s lawsuit against Ticketmaster and its parent company Live Nation for suffocating competition and loading tickets with excessive fees. Senator Warren highlighted how Live Nation-Ticketmaster has used its monopoly … Continue Reading
June 04, 2024
At Hearing, Warren Obtains Commitment from Treasury IG Nominee to Investigate Conflicts of Interest and Revolving Door between Treasury, IRS, and Big 4 Accounting Firms
Washington, D.C. — At a hearing of the U.S. Senate Committee on Finance, U.S. Senator Elizabeth Warren (D-Mass.) obtained a commitment from James R. Ives, nominee for Department of the Treasury Inspector General (IG), to investigate revolving door influence peddling between the Big 4 accounting firms and IRS and the Treasury Department. During her questioning, Senator Warren secured a commitment from Mr. Ives that he would “take a fresh look at this revolving door ethics problem” if … Continue Reading
June 03, 2024
Warren, Brown, Markey Urge Federal Bankruptcy Watchdog to Protect Patients and Communities, Appoint Trustee in Steward Hospital Bankruptcy
Washington, D.C. - Senator Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Chair of the Senate Banking Committee, and Ed Markey (D-Mass.) wrote to the Director of the U.S. Trustee Program (USTP), calling for USTP to move to appoint a Chapter 11 trustee to run the company in place of Steward’s current management as quickly as possible, and to monitor the hospitals’ bankruptcy proceedings to protect patients and local communities. On May 6, 2024, Steward, one of the largest private, … Continue Reading
