Press Releases

March 12, 2014

Sens. Warren & Portman Introduce Bipartisan, Bicameral “Smart Savings Act” to Strengthen Retirement Savings

Bill Would Enroll Federal Employees in Retirement Investment Funds with Higher Returns Legislation Introduced in House by Congressmen Issa and Cummings WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.) and Rob Portman (R-Ohio) have introduced bipartisan legislation that would help increase financial returns for federal employees' retirement plans without increasing federal spending. The Smart Savings Act would change the automatic enrollment for federal employees enrolling in … Continue Reading

March 12, 2014

Statement from Senator Elizabeth Warren on Sarah Bloom Raskin Confirmation

WASHINGTON, DC - United States Senator Elizabeth Warren released the following statement today after the Senate voted to confirm Sarah Bloom Raskin as Deputy Treasury Secretary: "I'm pleased the Senate has confirmed Sarah Bloom Raskin to serve as Deputy Treasury Secretary. I have worked closely with Sarah in the past and know she brings strong, valuable judgment and experience to the position. I look forward to working with her in this new role to address the important issues facing our … Continue Reading

March 06, 2014

Senators Fight to Protect Medicare for Seniors

Text of the legislation WASHINGTON D.C. -U.S. Senators Mark Pryor (AR), Sherrod Brown (OH), Jeanne Shaheen (NH) Jeff Merkley (OR), Al Franken (MN), Brian Schatz (HI), Tom Udall (NM), and Elizabeth Warren (MA) today introduced the Medicare Protection Act, legislation expressing strong opposition to changes in Medicare that would reduce or eliminate guaranteed benefits or raise the eligibility age for hard-working seniors. Today, more than 46 million Americans rely on Medicare. "We've seen an … Continue Reading

February 27, 2014

Sens. Warren and Hatch Introduce Bipartisan TEACH Act

Text of the legislation Fact sheet on the legislation WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.) and Orrin Hatch (R-Utah) today introduced the Technology, Education, and Accessibility in College and Higher Education ("TEACH") Act, bipartisan legislation that would help strengthen the accessibility of educational technologies for college students with disabilities. Senator Warren announced her introduction of the legislation this morning at a Senate Health, Education, … Continue Reading

February 27, 2014

Chair Yellen Says Fed Will Alter Major Enforcement Decisions Procedures, Supports More Settlements Transparency

Washington, DC - At a Banking Committee hearing today, United States Senator Elizabeth Warren questioned Federal Reserve (Fed) Chair Janet Yellen about the Fed Board's involvement in critical enforcement decisions, the transparency of the Fed's settlements with financial institutions, and 'Too Big To Fail.' "Back at your confirmation hearing, you said you thought the Fed's supervisory and regulatory responsibilities were as important as the monetary policy responsibilities, and I agree," said … Continue Reading

February 27, 2014

Senators Introduce Bipartisan Bill Honoring POW/MIA Servicemembers

Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Kelly Ayotte (R-N.H.), Jeanne Shaheen (D-N.H.), Marco Rubio (R-Fla.) and Edward J. Markey (D-Mass.) today introduced bipartisan legislation to honor American servicemembers who are Prisoners of War (POW) or Missing in Action (MIA). The POW/MIA Commemorative Chair Act will honor these approximately 83,000 service members by establishing a permanent commemorative chair on the grounds of the United States Capitol. "All three of … Continue Reading

February 26, 2014

Veterans Groups Endorse Bipartisan Warren-Rubio Effort to Crack Down on Financial Scams Targeting Older Veterans

WASHINGTON, DC - Senators Elizabeth Warren (D-Mass.) and Marco Rubio (R-Fla.) announced today that their bipartisan legislative effort to protect veterans from financial scams has gained the support of more than a dozen national veterans' service organizations. The Senators introduced the Veterans Care Financial Protection Act on Tuesday as an amendment to S. 1982, the Comprehensive Veterans Health and Benefits and Military Retirement Pay Restoration Act of 2014. The amendment directs the … Continue Reading

February 26, 2014

Mass. Delegation Responds to Disaster Relief Allotment of $32.8 Million for New England Fishermen

Washington, DC - The Massachusetts Congressional Delegation released statements today in response to the disaster relief funding breakdown announced by the National Oceanic and Atmospheric Administration (NOAA), which includes $32,847,955 for New England fishermen, and the U.S. Department of Commerce's decision to waive the state 25% match requirement for states receiving disaster relief. The delegation has been fighting for aid since a federal fisheries disaster was declared for Massachusetts … Continue Reading

February 25, 2014

Senator Warren Calls on Sallie Mae to Disclose Details of Efforts to Assist Struggling Borrowers

Washington, DC - United States Senator Elizabeth Warren today sent a letter to Sallie Mae requesting the company disclose the precise means it uses to help student borrowers avoid default. The letter follows several statements by Sallie Mae about its success keeping student borrowers out of default. In her letter, Senator Warren noted that while there are a number of tools available to help borrowers, â??Not all strategies to reduce default rates result in a path to successful repayment, and … Continue Reading

February 24, 2014

Clark, Warren, Markey thank Obama administration for Watertown first responders funding

Washington, D.C. -- Congresswoman Katherine Clark joined Senators Warren and Markey in thanking the Obama administration for its support of first responders in Watertown. The town was awarded $652,000 from FEMA's Staffing for Adequate Fire & Emergency Response (SAFER) grant allotment. "In the wake of last year's tragedy in Boston, Watertown's emergency response efforts played a critical role in bringing the suspects to justice," said Congresswoman Katherine Clark. "I'm grateful for the … Continue Reading

February 21, 2014

Mass. Delegation Applauds NOAA Announcement to Heed Calls to Cover Groundfishery Observer, At-Sea Costs

Washington, DC - The Massachusetts Congressional Delegation applauded an announcement made by the National Oceanic and Atmospheric Administration (NOAA) today that the agency will continue to cover groundfish observer and at-sea monitoring costs required by the New England Fishery Management Council (NEFM). Members of the delegation urged NOAA to cover the groundfish industry's portion of these costs as Massachusetts' fishermen and small businesses struggle to recover from a federal fishing … Continue Reading

February 12, 2014

Sen. Warren Joins Colleagues to Address College Affordability

Video; Full Text Washington, DC - In a floor speech this morning, United States Senator Elizabeth Warren joined Senators Dick Durbin (D-Ill.), Jack Reed (D-R.I.), and Kirsten Gillibrand (D-N.Y.) on the floor of the Senate to address college affordability. Senator Warren spoke about her plan to introduce legislation that would allow student borrowers to refinance their old, high-interest rate loans at the lower rates that are being offered to new student loan borrowers this year under the new … Continue Reading

February 12, 2014

Warren and Cummings Call on Fed to Require Board of Governors to Approve Major Enforcement Actions

Washington, DC (Feb. 12, 2014)- Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent a letter yesterday to Federal Reserve Chair Janet Yellen requesting that she revise the rules governing how and when the Board of Governors may delegate critical supervisory and enforcement responsibilities to Board staff. "We respectfully request that the Fed … Continue Reading

February 10, 2014

Sens. Warren & Durbin Join Local Workers & Business Owners in Boston to Call for Minimum Wage Increase

BOSTON, MA - At a roundtable discussion in Boston today, United States Senator Elizabeth Warren (D-Mass.) and Senate Majority Whip Dick Durbin (D-Ill.) joined local workers and business owners in calling for a minimum wage increase. Boloco founder John Pepper hosted the roundtable discussion at one of the restaurant's Boston locations, and Massachusetts AFL-CIO President Steven Tolman also attended the event. "Raising the minimum wage is the first step to rebuild and strengthen America's … Continue Reading

February 06, 2014

Sen. Warren Presses Regulators on Enforcement Actions' Effectiveness to Deter Wrongdoing

Video of Sen. Warren's Q&A Available Here WASHINGTON, DC - At a Senate Banking Committee hearing today, United States Senator Elizabeth Warren asked federal financial regulators about their enforcement strategies, and whether the current enforcement system is effective at deterring future wrongdoing. Sen. Warren highlighted recent government settlements with JPMorgan, noting that the company gave CEO Jamie Dimon a 75 percent raise following the settlements. "The question I'm asking is … Continue Reading

February 06, 2014

Senator Warren Urges Greater Professional Diversity on Federal Bench

Washington, DC - United States Senator Elizabeth Warren delivered remarks today on "Broadening the Bench: Judicial Nominations and Professional Diversity" at an event hosted by the Alliance for Justice (AFJ). The senator advocated for greater professional diversity of the federal bench and discussed the importance of preventing a corporate capture of the federal courts. Senator Warren noted a report from the AFJ that shows 71% of President Obama's judicial nominees have represented primarily … Continue Reading

February 04, 2014

Warren, Rubio Propose Stronger Financial Protections For Veterans, Introduce Legislation to Crack Down on Scams Targeting VA's Aid and Attendance Benefit

Washington, DC - United States Senators Elizabeth Warren (D-MA) and Marco Rubio (R-FL) today introduced bipartisan legislation that would help protect older veterans from financial scams. The bill directs the Department of Veterans Affairs to work with other federal agencies and states to crack down on scam artists who are diverting federal funds intended to support low-income older veterans. The proposal was previously introduced by Senators Warren and Rubio as an amendment to the National … Continue Reading

February 04, 2014

Senator Warren, Democratic Senators Advocate for Unemployment Insurance Extension on Senate Floor

Video of Senator Warren's Remarks Available Here Washington, DC - As part of a colloquy on the floor of the Senate led by Senator Cory Booker's (D-NJ) maiden speech on Monday evening, United States Senator Elizabeth Warren (D-MA) called on Congress to pass an extension of unemployment insurance. She advocated for the 60,000 people in Massachusetts and 1.6 million Americans across the country who lost their unemployment insurance benefits when Republicans filibustered multiple attempts to pass … Continue Reading

January 31, 2014

Democratic Senators Highlight Obscene Government Profits Off Student Loan Program

Washington, DC - United States Senators Elizabeth Warren (D-MA), Barbara Boxer (D-CA) Jack Reed (D-RI), Chuck Schumer (D-NY), Sherrod Brown (D-OH), Mark Begich (D-AK), Kirsten Gillibrand (D-NY), Richard Blumenthal (D-CT) and Chris Murphy (D-CT) responded to a Government Accountability Office (GAO) report released earlier today, which estimates that federal student loans originated between 2007 and 2012 will bring in $66 billion in revenue. The report follows projections released last spring … Continue Reading

January 31, 2014

Senate Passes National Insurance Licensing Act, Includes Amendment Introduced by Senator Warren

WASHINGTON, DC - The Senate has passed legislation that will streamline the licensing of registered insurance agents and brokers across state lines by establishing the National Association of Registered Agents and Brokers. The provision, passed as part of the Homeowner Flood Insurance Affordability Act on Thursday, includes language from an amendment introduced by Senator Elizabeth Warren (D-Mass.) and adopted as part of Senate Banking Committee legislation last year. The amendment was the … Continue Reading

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