Press Releases
Warren, Vitter: Fed’s New Bailout Rule is a Step in the Right Direction
(Washington, D.C.) - U.S. Senators Elizabeth Warren (D-Mass.) and David Vitter (R-La.) members of the Senate Banking Committee, today released the following statements upon the Federal Reserve's adoption of a new rule limiting its ability to lend funds to financial institutions in crisis, also known as a "bailout." "I'm glad the Fed incorporated many of the ideas from the bipartisan Bailout Prevention Act. These changes will help promote market discipline and make the financial system safer … Continue Reading
November 16, 2015
Warren, Grassley Seek Update from SEC on Whistleblower Program Performance
PDF of the Letter Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Ranking Member of the Banking Subcommittee on Economic Policy, and Chuck Grassley (R-Iowa), Chairman of the Judiciary Committee, sent a letter today to Securities and Exchange Commission (SEC) Chair Mary Jo White requesting information on the recent performance of the SEC's Office of the Whistleblower (OWB). The Dodd-Frank Act added several key whistleblower protections and mandated an SEC Inspector General … Continue Reading
November 10, 2015
Warren and Cummings Investigation Finds That Repeal of Dodd-Frank Provision Now Allows Banks to Keep Nearly $10 Trillion in Risky Trades on Books
Democrats Urge SEC and CFTC to Impose Strong Rules to Protect Taxpayers and the Economy They Ask GAO to Investigate Impact of Repeal After Regulators Failed to Analyze Risk Washington, DC - Today, United States Senator Elizabeth Warren (D-Mass.) and Rep. Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, released new information about their investigation into the risks posed to taxpayers and the economy after last year's partial repeal of … Continue Reading
November 09, 2015
Members of Congress Urge Education Department to Grant Students Immediate Relief Following Federal Judge’s Ruling that Corinthian Colleges Broke the Law
Washington, DC -United States Senators Elizabeth Warren (D-Mass.), Chris Murphy (D-Conn.), and Senate Committee on Health, Education, Labor and Pensions (HELP) Ranking Member Patty Murray (D-Wash.), along with House Committee on Financial Services Ranking Member Maxine Waters (D-Calif.), House Committee on Education and the Workforce Ranking Member Bobby Scott (D-Va.), and 12 other congressional leaders on college accountability today sent a bicameral letter urging the Department of Education … Continue Reading
November 05, 2015
Senators Introduce SAVE Benefits Act to Boost Social Security and Other Critical Benefits for Seniors, Veterans
WASHINGTON, DC - Today, United States Senators Elizabeth Warren (D-Mass.), Barbara Mikulski (D-Md.), Patty Murray (D-Wash.), Charles E. Schumer (D-N.Y.), Bill Nelson (D-Fla.), Debbie Stabenow (D-Mich.), Maria Cantwell (D-Wash.), Bernie Sanders (I-Vt.), Sherrod Brown (D-Ohio), Bob Casey (D-Pa.), Sheldon Whitehouse (D-R.I.), Jeff Merkley (D-Ore.), Kirsten Gillibrand (D-N.Y.), Al Franken (D-Minn.), Richard Blumenthal (D-Conn.), Chris Murphy (D-Conn.), Mazie K. Hirono (D-Hawai'i), Tammy Baldwin … Continue Reading
October 28, 2015
Gillibrand, Warren Introduce the Cody Miller Patient Medication Information Act
New Legislation Would Require Standardized, Consumer-Friendly Information to be Provided with Prescriptions Fact Sheet Bill Text Washington, D.C. - Today, United States Senators Kirsten Gillibrand (D-NY) and Elizabeth Warren (D-Mass.) introduced the Cody Miller Patient Medication Information Act, to require the information that is given to patients when they pick up their prescriptions to be standardized and consumer-friendly. Currently this information is not subject to any binding … Continue Reading
October 27, 2015
With One Million More Student Borrowers Entering Repayment Next Month, Senate Democrats Hold Forum on College Affordability and the Student Debt Crisis
Senators hear from graduates, experts about how rising debt loads are crushing young Americans and dragging down the economy Call on Congress to allow students to refinance existing debt, bring down college costs Video is available here WASHINGTON, DC - As almost one million student borrowers prepare to receive their first student loan bills in November, United States Senator Amy Klobuchar (D-MN), chair of the Democratic Steering and Outreach Committee and Senator Elizabeth Warren (D-MA) held … Continue Reading
October 27, 2015
Senator Warren Releases Findings of Investigation into Conflicts of Interest in the Annuity Industry
Report Highlights Need for Strong Federal Conflict of Interest Rule to Protect Retirees Read a PDF copy of the report here WASHINGTON, DC - United States Senator Elizabeth Warren today released the findings from an investigation into how perks and kickbacks create conflicts of interest in the annuities industry. The report, which examined responses from 15 leading annuities providers to letters sent by Senator Warren earlier this year, highlights the ways that annuity companies can … Continue Reading
October 26, 2015
Tsongas, Warren, Markey announce major $13.4 million Federal TIGER grant awarded to the City of Lowell
LOWELL, MA - Congresswoman Niki Tsongas and Senators Elizabeth Warren and Ed Markey today announced that the City of Lowell was awarded a $13.4 million TIGER grant by the U.S. Department of Transportation to help repair and take ownership of the 8 canal bridges throughout the City. The Transportation Investment Generating Economic Recovery (TIGER) Grant program was created by Congress in 2009 and awards the most promising local infrastructure proposals with investments in road, rail, transit, … Continue Reading
October 26, 2015
Sen. Warren, Rep. Takano and Colleagues Send Bicameral Letter Urging Social Security Administration to Implement Supreme Court’s Marriage Decisions, Not Penalize Previously-Married Same-Sex Couples
WASHINGTON, DC - United States Senator Elizabeth Warren, Congressman Mark Takano (D-Calif.), and 119 of their congressional colleagues today sent a letter to Acting Commissioner of Social Security Carolyn W. Colvin and Attorney General Loretta Lynch to make sure that the Supreme Court's landmark marriage decisions are implemented and that the Social Security Administration (SSA) is treating all marriages equally. The letter urges SSA not to penalize married same-sex couples who received … Continue Reading
October 23, 2015
GAO Report: More to Be Done to Improve Inclusion of Women in NIH Clinical Research
Washington, D.C. - Today, Senators Patty Murray (D-WA), Barbara Mikulski (D-MD), Elizabeth Warren (D-MA), Debbie Stabenow (D-MI), Kirsten Gillibrand (D-NY), and Representatives Frank Pallone (D-NJ), Nita Lowey (D-NY), Rosa DeLauro (D-CT), and Lois Capps (D-CA), released a report from the Government Accountability Office (GAO) evaluating the inclusion of women in clinical research supported by the National Institutes of Health (NIH). The report shows that while the NIH has made progress in … Continue Reading
October 22, 2015
Menendez Leads Group of Senators in Introducing Legislation to Provide Equitable Tax Credit Treatment for Puerto Rico
WASHINGTON, DC - U.S. Senator Bob Menendez (D-NJ), joined by Senators Chuck Schumer (D-NY), Bernie Sanders (I-Vt), Kirsten Gillibrand (D-NY), Richard Blumenthal (D-Conn), Elizabeth Warren (D-Mass), and Cory Booker (D-NJ), today introduced the "Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico Act" which would extend the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to all eligible families in Puerto Rico. Because of a disparity in current law, hundreds of … Continue Reading
October 20, 2015
Blumenthal, Durbin, Warren, Brown Demand Education Department Stop Unrestrained Flow of Federal Funds to Potentially Fraudulent For-Profit Schools
(WASHINGTON, D.C.) - Today, U.S. Senators Richard Blumenthal (D-Conn.), Dick Durbin (D-Ill.), Elizabeth Warren (D-Mass.), and Sherrod Brown (D-Ohio) demanded the U.S. Department of Education (ED) immediately take action to stop millions in federal funds from being provided to potentially fraudulent for-profit institutions, as uncovered by a recent report in The New York Times. In writing to ED Under Secretary Ted Mitchell, the senators implored ED to increase efforts to prevent student aid … Continue Reading
September 30, 2015
Sen. Warren Joins Sens. Schatz, Durbin, Brown, and Colleagues to Introduce Bill to Raise Smoking Age to 21
Over 70 Massachusetts Municipalities Have Raised Smoking Age, More Than Any Other State Washington, DC - U.S. Senator Elizabeth Warren (D-Mass.) today joined Senators Brian Schatz (D-Hawai'i), Dick Durbin (D-Ill.), Sherrod Brown (D-Ohio), and six other Senators to introduce the Tobacco to 21 Act (S.2100), legislation that would prohibit the sale of tobacco products to anyone under the age of 21. In Massachusetts, over 70 municipalities - more than any other state in the nation - have raised … Continue Reading
September 29, 2015
Senator Warren Sends Letters to Brookings, Labor Dept
Letter to BrookingsLetter to Labor Department Washington, DC - United States Senator Elizabeth Warren sent a letter to the Brookings Institution regarding her concerns about the authors' financial conflicts of interest and previously undisclosed financial industry editorial input into a study authored by a Brookings' Nonresident Senior Fellow Dr. Robert Litan. Dr. Litan's study was on the Department of Labor's proposed Conflict of Interest rule, which was written to ensure that retirement … Continue Reading
September 27, 2015
Senator Warren's Remarks at the Edward M. Kennedy Institute for the United States Senate
BOSTON, MA - United States Senator Elizabeth Warren delivered remarks today at the Edward M. Kennedy Institute for the United States Senate, as part of the Institute's "Getting to the Point" speaker series. A PDF copy of the remarks is available here, and the full text is below, as prepared for delivery: Senator Elizabeth WarrenRemarks at the Edward M. Kennedy Institute for the United States SenateSeptember 27, 2015 ***As Prepared for Delivery*** Thank you. I'm grateful to be here at the … Continue Reading
September 22, 2015
Senate Passes Bipartisan Truth in Settlements Act to Make Federal Agency Settlements More Transparent
Bill Text Fact Sheet WASHINGTON, DC - On Monday evening, the United States Senate passed by unanimous consent the Truth in Settlements Act, a bipartisan bill introduced by Senators Elizabeth Warren (D-Mass.) and James Lankford (R-Okla.) 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 … Continue Reading
September 22, 2015
Sens. Warren, Franken, Baldwin, Whitehouse Urge Treasury to Close Loophole Private Equity Fund Managers Use to Avoid Taxes
WASHINGTON, DC - In a letter to the United States Department of Treasury, Senators Elizabeth Warren (D-Mass.), Al Franken (D-Minn.), Tammy Baldwin (D-Wis.), and Sheldon Whitehouse (D-R.I.) called on federal tax officials to act swiftly on a loophole private equity fund managers have been exploiting for years to disguise income and avoid paying taxes. In the letter, which was sent to Treasury Secretary Jack Lew and IRS Commissioner John Koskinen, the Senators wrote that for more than a decade … Continue Reading
September 18, 2015
Senators ask U.S. Chamber of Commerce board member companies about the Chamber's Climate Denial Efforts
Washington, DC - Today, United States Senators Sheldon Whitehouse (D-RI), Elizabeth Warren (D-MA), Patrick Leahy (D-VT), Barbara Mikulski (D-MD), Dianne Feinstein (D-CA), Barbara Boxer (D-CA), Bernie Sanders (I-VT), Tom Udall (D-NM), Jeanne Shaheen (D-NH), Al Franken (D-MN), Mazie Hirono (D-HI), and Ed Markey (D-MA) sent letters to the CEOs of all 108 member companies of the U.S. Chamber of Commerce's Board of Directors asking about their positions on the Chamber's efforts to undermine the … Continue Reading
September 18, 2015
YouthBuild Programs in Dorchester and New Bedford Receive More than $2 Million in Federal Grants
WASHINGTON, DC - United States Senators Elizabeth Warren and Edward J. Markey and Congressmen Michael Capuano, Stephen F. Lynch, and William Keating today announced that YouthBuild programs in Dorchester and New Bedford will receive more than $2 million in grants from the U.S. Department of Labor (DOL). The grants, which include $1,020,902 for Ecumenical Social Action Committee (ESAC) in Dorchester and $1,003,047 for People Acting in Community Endeavors, Inc. in New Bedford, will support … Continue Reading
