Press Releases
Senator Warren Urges FDIC to Crack Down on Big Banks’ Misreporting of Uninsured Deposits; Blasts Agency’s “Feeble” Initial Response
Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.) and Congresswoman Katie Porter (D-Calif.) sent a letter to Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), urging him to act aggressively to ensure the nation’s biggest banks are accurately reporting their uninsured deposits and contributing their full and fair obligations to the Deposit Insurance Fund (DIF).. The letter comes in response to a FDIC public notice that some large … Continue Reading
August 02, 2023
Senators Warren, Hirono, Lawmakers Call on McConnell to Help End Reckless Hold on Military Promotions
Washington, D.C. – United States Senators Elizabeth Warren (D-Mass.), Chair of the Armed Services Committee Subcommittee on Personnel, joined her fellow Armed Services Committee members, Senators Mazie Hirono (D-Hawaii), Jacky Rosen (D-Nev.), Richard Blumenthal (D-Conn.), Tim Kaine (D-Va.), Angus King (D-Maine), Tammy Duckworth (D-Ill.), and Mark Kelly (D-Ariz.) to send a letter to Senate Minority Leader Mitch McConnell (R-Ky.), urging him to put an end to Senator Tommy … Continue Reading
August 02, 2023
Warren, Casey, Blumenthal, Sanders Call on Treasury, IRS to Rein in Crypto Tax Evaders, Close $50 Billion Crypto Tax Gap
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Bob Casey (D-Pa.), Richard Blumenthal (D-Conn.), and Bernie Sanders (I-Vt.) sent a letter to the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS), urging them to quickly propose and implement strong rules that close loopholes exploited by crypto tax evaders. In November 2021, Congress passed the Infrastructure Investment and Jobs Act (IIJA), which directed Treasury and IRS to implement new rules … Continue Reading
August 02, 2023
Senator Warren, Representative Waters, Lawmakers Reintroduce Federal Reserve Racial and Economic Equity Act
Washington, D.C. – United States Senators Elizabeth Warren (D-Mass), Chair of the Economic Policy Subcommittee of the Senate Banking, Housing, and Urban Affairs Committee, and Representative Maxine Waters (D-Calif.), Ranking Member of the House Financial Services Committee, reintroduced the Federal Reserve Racial and Economic Equity Act to require the Federal Reserve to use its existing authorities to close racial employment and wage gaps and report on how the gaps change over … Continue Reading
August 02, 2023
Warren Encourages Massachusetts Communities to Apply for EPA Solar Funding Program for Low-Income Families
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to the Massachusetts Municipal Association, 60 Commonwealth municipalities, and the Mashpee Wampanoag Tribe and Wampanoag Tribe of Gay Head Aquinnah urging these groups to apply for the Environmental Protection Agency’s (EPA) Solar for All program - which provides grants to expand access to residential solar energy for low-income families. The Solar for All Notice of Funding Opportunity is currently soliciting … Continue Reading
August 01, 2023
Senator Warren, Massachusetts Delegation Urge Biden Administration to Streamline Work Authorizations for New Arrivals Paroled into the United States
Washington, D.C. – Today, U.S. Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.), along with Representatives Katherine Clark (D-Mass.), Lori Trahan (D-Mass.), Seth Moulton (D-Mass.), James McGovern (D-Mass.), Richard Neal (D-Mass.), Stephen Lynch (D-Mass.), Jake Auchincloss (D-Mass.), Ayanna Pressley (D-Mass.), and Bill Keating (D-Mass.) sent a letter to Secretary of Homeland Security Alejandro Mayorkas and U.S. Citizenship and Immigration Services Director Ur M. Jaddou, … Continue Reading
August 01, 2023
Warren, Markey, McGovern, Neal Applaud USDA Disaster Declarations for Flood-Stricken Counties, Farmers in Western Massachusetts
Washington, D.C. – United States Senators Elizabeth Warren and Edward J. Markey and United States Representatives Jim McGovern and Richard Neal applauded the Department of Agriculture’s (USDA) declaration of county disaster designations for seven counties in Western Massachusetts, following storms and floods that devastated communities and farmers in the region. USDA’s declaration follows the lawmakers’ July 21, 2023 letter requesting USDA issue this disaster … Continue Reading
August 01, 2023
ICYMI: At Subcommittee Hearing on Economic Policy, Experts Agree with Senator Warren on the Risks of Consolidation in the Banking System, Need for Stronger Merger Guidelines
Video of Hearing Washington, D.C. — Today, chairing a hearing of the Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Economic Policy, Senator Elizabeth Warren (D-Mass.) questioned financial policy experts and analysts on the effects of consolidation in the banking system on the economy, small businesses, and consumers. During the hearing, experts agreed with Senator Warren that large mergers harm communities and increase the risk of financial crisis and expressed … Continue Reading
July 31, 2023
In Response to Senators Warren, Duckworth, Van Hollen and Blumenthal, U.S. Preventive Services Task Force Agrees to Convene Meeting on COVID-19 Testing Recommendation
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Tammy Duckworth (D-Ill.), Chris Van Hollen (D-Md.) and Richard Blumenthal (D-Conn.) today released a letter from United States Preventive Services Task Force (USPSTF) Chair Michael Barry, in which the Task Force agreed to convene to discuss recommending COVID-19 testing as a preventive screening tool. In his letter responding to the lawmakers’ June 2023 request, Chair Barry committed to “convening the full Task … Continue Reading
July 28, 2023
Senator Warren, Representative Cohen Reintroduce Equal Employment for All Act
Washington, D.C. — Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Steve Cohen (D-Tenn.) reintroduced the Equal Employment for All Act to protect job seekers from unfair discrimination from employers based on credit ratings. The legislation would safeguard job applicants from being forced to disclose their credit history as part of an employer's application process. The bill bars employers from requiring or suggesting that applicants disclose their credit history … Continue Reading
July 28, 2023
Warren, Wyden, Lawmakers Applaud Senate Passage of Bill Reforming Organ Transplant System
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Chuck Grassley (R-Iowa), Ben Cardin (D-Md.), Todd Young (R-Ind.), and Bill Cassidy (R-La.) applauded the Senate’s passage of the Securing the U.S. Organ Procurement and Transplantation Network Act. The bill gives the Health Resources and Services Administration (HRSA) statutory authority to improve the management of the organ transplantation system, including by breaking up the monopoly contract to … Continue Reading
July 28, 2023
Warren, Marshall, Manchin, Graham Renew Push for Bipartisan Legislation to Crack Down on Crypto’s Use in Money Laundering, Drug Trafficking, and Financing of Terrorism and Rogue Nations
Washington, D.C. – United States Senators Elizabeth Warren (D-Mass) and Roger Marshall (R-Kan.), along with Senators Joe Manchin (D-W.Va.) and Lindsey Graham (R-S.C.), reintroduced the Digital Asset Anti-Money Laundering Act, legislation that would mitigate the risks that digital assets pose to our national security by closing loopholes and bringing the digital asset ecosystem into greater compliance with the anti-money laundering and countering the financing of terrorism (AML/CFT) … Continue Reading
July 27, 2023
ICYMI: Senator Warren's Statement on Senate Finance Committee Legislation to Regulate Drug Middlemen
Washington, D.C. — At a Senate Finance Committee markup of the Modernizing and Ensuring PBM Accountability (MEPA) Act, U.S. Senator Elizabeth Warren (D-Mass.) submitted a statement for the record applauding efforts to regulate pharmacy benefit managers (PBMs) – corporate middlemen that manage drug benefits and pharmacy networks for insurance companies, while extracting exorbitant profits from every link in the chain. The bipartisan reforms will strengthen oversight of the … Continue Reading
July 27, 2023
Warren Presses DOJ on Updates to New Guidance on Discharging Student Loans in Bankruptcy
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.) sent a letter to Attorney General Merrick Garland requesting an update on the impact of the Department of Justice’s (DOJ) November 2022 guidance on discharging student loans in bankruptcy, which sought to help provide student loan borrowers a meaningful path to financial recovery. Senator Warren’s letter comes as the Supreme Court played politics and struck down President Biden’s initial plan to provide … Continue Reading
July 27, 2023
Warren, Graham Unveil Bipartisan Bill to Rein in Big Tech
Washington, DC – United States Senators Elizabeth Warren (D-Mass.) and Lindsey Graham (R-S.C.) unveiled comprehensive legislation that would rein in Big Tech by establishing a new commission to regulate online platforms. The commission would have concurrent jurisdiction with FTC and DOJ, and would be responsible for overseeing and enforcing the new statutory provisions in the bill and implementing rules to promote competition, protect privacy, protect consumers, and strengthen our … Continue Reading
July 27, 2023
ICYMI: Chairing Personnel Subcommittee Hearing, Warren Calls out DoD Losing Billions to Contractor and Health Care Price Gouging
Warren Calls on Pentagon to Step Up, Says Any Supplemental Budget Proposal Must Include Major Reforms to Prevent Price Gouging and Waste “DoD has failed to safeguard taxpayer money and opened the door to price gouging by government contractors. It is DoD’s job to stop these ripoffs.” Washington, D.C. – In case you missed it, chairing a hearing of the Senate Armed Services Subcommittee on Personnel, U.S. Senator Elizabeth Warren (D-Mass.) called out the Department of … Continue Reading
July 26, 2023
Warren Questions DoD on Failures to Prevent Overpayments and Price Gouging in TRICARE Health Program
Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), chair of the Senate Armed Services Personnel subcommittee, sent a letter to Secretary of Defense Lloyd J. Austin III and Director of the Defense Health Agency (DHA), Lieutenant General Telita Crosland, regarding a series of DoD Inspector General (IG) reports finding that the Department of Defense (DoD) is failing to prevent price gouging and overpayments to contractors in the TRICARE health program. “TRICARE is the … Continue Reading
July 26, 2023
Senator Warren Warns Fed Against Further Rate Hikes Amidst Rising Unemployment for Black Workers
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass) sent a letter to Federal Reserve (Fed) Chair Jerome Powell, raising concern over the disproportionate impact of the Fed’s monetary policy on Black workers. This letter comes after significant increases in Black unemployment since April, jumping 1.3 percentage points to 6% in June. Black workers account for nearly 90% of the nearly 300,000 people who have become unemployed between April and June.. “The … Continue Reading
July 26, 2023
Senator Warren, Representative Deluzio Seek Answers on Republican Plan for Tax Breaks Benefiting Defense Contractors
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass) and Representative Chris Deluzio (D-Pa.) sent a letter to the CEOs of several of the largest defense contractors – Raytheon, General Dynamics, Lockheed Martin, and Northrop Grumman – seeking answers on how their companies stand to benefit from Republican efforts to extend and expand giveaways to the wealthy and giant corporations in the Tax Cuts and Jobs Act (TCJA). In particular, these large defense … Continue Reading
July 26, 2023
Warren Opens Investigation into Secretive Google Efforts to Secure Exclusive Access to Millions of Servicemember and Veteran Tissue Samples
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Subcommittee on Personnel, opened an investigation into a disturbing report on Google’s confidential effort to secure exclusive access to millions of tissue samples held at the Department of Defense’s (DoD) Joint Pathology Center (JPC). Senator Warren sent letters to Google CEO Sundar Pichai and Secretary of Defense Lloyd J. Austin III, asking Google and DoD for answers … Continue Reading
