Press Releases

May 21, 2015

Senators Question Dept. of Education About Long-Delayed Investigation into Navient's Violations of Servicemembers' Rights

Text of the letter here WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.), Dick Durbin (D-Ill.), Sherrod Brown (D-Ohio), Al Franken (D-Minn.), Tammy Baldwin (D-Wis.), Mazie Hirono (D-Hawaii), and Ed Markey (D-Mass.) today sent a letter to the Department of Education (ED) seeking information about its long-delayed investigation into charges of systematic violations of servicemembers' rights by federal student loan servicers, including Navient. In the letter, the Senators note … Continue Reading

May 19, 2015

Senators Introduce Amendment to Prevent the Use of Fast Track to Gut Financial Reforms

Text of the amendment is available here. WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.), Jeff Merkley (D-Ore.), Richard Blumenthal (D-Conn.), and Tammy Baldwin (D-Wis.) have introduced an amendment that would prevent the use of Fast Track authority to pass a trade deal that weakens financial regulations. "This President supports financial reform - but he cannot stop the next President from caving to the big banks in a future trade deal," said Senator Warren. "With European … Continue Reading

May 19, 2015

Senators Warren, Manchin Introduce Trade Transparency Act to Require Release of Trade Deal Text Before Congress Grants Fast Track Authority

Text of the legislation available here. WASHINGTON, DC - Today, United States Senators Elizabeth Warren (D-Mass.) and Joe Manchin (D-W.Va) introduced the Trade Transparency Act, a bill that would require the President to release the scrubbed bracketed text of any trade agreement at least 60 days before Congress grants fast track authority to grease the skids for approval of that agreement. "The Trade Transparency Act would ensure that the public, experts, and the press can engage in meaningful … Continue Reading

May 19, 2015

Senators Warren, Crapo Introduce Bipartisan Bill Calling for Energy Efficiency Study

Washington, DC - Senators Elizabeth Warren (D-MA) and Mike Crapo (R-ID) have introduced a bipartisan bill directing the U.S. Department of Energy to quantify the cost savings from operational energy efficiency technologies in an effort to increase public and private use of these technologies, without creating any new programs or increasing government spending. "Energy efficiency technologies help protect the environment, save companies' and taxpayer money and create new jobs," said Senator … Continue Reading

May 18, 2015

Senators Warren, Heitkamp and Colleagues Introduce Amendment to Stop Allowing Companies to Challenge U.S. Laws Outside U.S. Courts

Text of the amendment is available here WASHINGTON, DC - United States Senators Elizabeth Warren (D-Mass.) and Heidi Heitkamp (D-N.D.) today joined 13 of their colleagues to introduce an amendment that would prevent "Fast Track" authority from being used to pass trade deals that include Investor-State Dispute Settlement (ISDS). ISDS allows foreign companies to challenge U.S. laws and potentially pick up huge payouts from taxpayers without ever stepping foot in a U.S. court. The amendment is … Continue Reading

May 18, 2015

Senator Warren Releases Report Highlighting Decades of Broken Promises and Failures to Enforce Labor Standards in Trade Agreements

***Read a copy of the report here*** WASHINGTON, DC - United States Senator Elizabeth Warren (D-Mass.) today released a report highlighting more than two decades of failed enforcement by the United States of labor and environmental standards included in past free trade agreements (FTAs), including the North American Free Trade Agreement (NAFTA), Central American Free Trade Agreement (CAFTA), and agreements with Peru, Colombia, and Panama. The report follows recent statements by President … Continue Reading

May 13, 2015

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

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