Press Releases

March 28, 2023

At Hearing, Senator Warren Secures Support from Defense Secretary to Repeal “Wish List” Requirement

Washington, D.C. — At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) secured support from Secretary of Defense Lloyd J. Austin III to remove the statutory requirement to submit unfunded priorities lists in addition to annual budget requests. Senator Warren also submitted a letter into the record from Under Secretary Michael McCord in which he confirmed the ineffectiveness of unfunded priorities lists on top of annual budget requests and endorsed … Continue Reading


March 28, 2023

Warren Sounds Alarm on Insurers Extracting Billions from Medicare, Driving Up Premiums

Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) sounded the alarm on a new analysis by policy experts showing that all Medicare beneficiaries – including those enrolled in Traditional Medicare (TM) – are paying higher premiums due to overpayments in the Medicare Advantage (MA) program. Senator Warren is highlighting these findings in a new letter to the Centers for Medicare and Medicaid Services (CMS) and calling on the agency to finalize its proposed rule to … Continue Reading


March 28, 2023

Department of Defense Recognizes Ineffectiveness of “Wish List” Spending, Endorses Senator Warren’s Proposal to Repeal Requirement

Washington, D.C. – In response to requests from U.S. Senators Elizabeth Warren, Mike Braun, Angus King, and Mike Lee the Department of Defense’s (DoD) Comptroller Mike McCord, confirmed the  ineffectiveness of combatant commands and military services submitting unfunded priorities lists on top of their annual budget requests and endorsed a proposal to repeal the statutory requirement. “The budget process requires making tough choices and setting clear priorities, and … Continue Reading


March 27, 2023

Warren Seeks Department of Education Action to Hold Institutions of Higher Education Accountable

Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to Secretary of Education Miguel Cardona seeking further administrative action from the Department of Education (The Department or ED) to promote accountability among institutions of higher education. The letter was sent in response to the Department’s efforts to transform the income-driven repayment program and identify low financial value programs that saddle students with mountains of debt that they have … Continue Reading


March 24, 2023

ICYMI: Senator Warren Leads Response to Bank Collapses, Holds Regulators and Executives Accountable for Failures

After Silicon Valley Bank and Signature Bank Collapses, Senator Warren has led efforts to hold executives and regulators accountable for failures, reinstate critical regulations to protect consumers and the economy Washington, D.C. - After the collapse of Silicon Valley Bank (SVB) and Signature Bank (Signature), United States Senator Elizabeth Warren (D-Mass.) has led congressional efforts to investigate what happened, hold bank executives and regulators accountable for their failures, and … Continue Reading


March 23, 2023

At Hearing, Senator Warren Questions U.S. Trade Representative on Digital Policy Concerns and Lack of Transparency

Video of ExchangeWashington, D.C. — At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned U.S. Trade Representative (USTR) Katherine Tai on the agency’s approach to digital trade policy in enforcement of existing rules and negotiation of the Indo-Pacific Economic Framework (IPEF). Warren, expressed concerns about potential giveaways to Big Tech in IPEF and the lack of public consultation and transparency. She urged Ambassador Tai to stand up to … Continue Reading


March 23, 2023

At Hearing, Warren Calls out NORTHCOM, SOUTHCOM, DoD’s Use of Bloated “Wish Lists” on Top of Budget Proposals

“We don't let any other part of government behave like this and for good reason. The budget process is about making tough choices and setting clear priorities, and refusal to demonstrate leadership here I think is a real mistake.”Hearing ExchangeWashington, D.C. - At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned the Commanders of the United States Northern Command and United States Southern Command about their use of unfunded … Continue Reading


March 23, 2023

Senators Warren, Merkley Criticize Insurance Companies for Medicare Advantage Scare Tactics, “Outsize Profits,” “Exorbitant” Executive Pay Packages

Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Jeff Merkley (D-Ore.) sent letters to the top seven Medicare Advantage (MA) insurers - Humana, Centene, UnitedHealthcare, CVS/Aetna, Molina, Elevance Health, and Cigna - regarding their questionable claims that the Centers for Medicare and Medicaid Services’ (CMS) 2024 proposed Medicare Advantage payment rules would hurt beneficiaries. The lawmakers are asking the insurers to explain why the changes proposed by (CMS would … Continue Reading


March 22, 2023

Warren, Scott Lead Bipartisan Legislation to Establish Independent IG Oversight at the Federal Reserve

Washington, D.C. - Today U.S. Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.) introduced bipartisan legislation to require a presidentially-appointed and Senate-confirmed Inspector General to the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection. Following the collapse of Silicon Valley Bank (SVB) and Signature Bank and the Federal Reserve’s gross mismanagement and lack of oversight to prevent the situation, this bill will bring … Continue Reading


March 22, 2023

At Hearing, Warren Defends Medicare Advantage Proposed Payment Rule, Pushes Back Against Insurance Industry’s Scare Tactics

Washington, D.C. - At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) defended the Centers for Medicare and Medicaid Services (CMS) proposed adjustments to the Calendar Year 2024 Medicare Advantage (MA) payment rates, pushing back against giant insurance companies and their lobbyists who are peddling misinformation to protect their billions in profits and scare beneficiaries into opposing the rule. Senator Warren debunked industry talking points and … Continue Reading


March 22, 2023

Warren to FTC: Closely Scrutinize CVS Health Corp’s Proposed Acquisition of Oak Street Health

Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) sent a letter to FTC Chair Lina Khan and Commissioners Alvaro Bedoya and Kelly Slaughter urging them to carefully scrutinize CVS Health Corp’s (CVS) pending acquisition of Oak Street Health, Inc (Oak Street). In the letter, the Senator urges the FTC to scrutinize the deal and others like it and oppose any health care acquisition that would threaten competition, increase prices, and reduce the quality of care. She also … Continue Reading


March 22, 2023

Warren, Senators, Call on Fed to Strengthen Rules for Banks with Assets Over $100B

Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Tammy Duckworth (D-Ill.), Richard Blumenthal (D-Conn.), Bernie Sanders (I-Vt.), Jack Reed (D-R.I.), Mazie Hirono (D-Hawaii), Ed Markey (D-Mass.), Angus King (I-Maine), Sheldon Whitehouse (D-R.I.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), and Brian Schatz (D-Hawaii) wrote the Vice Chair for Supervision of the Federal Reserve (Fed) Michael Barr, calling on him to exercise the Fed’s authority to apply stronger regulation … Continue Reading


March 21, 2023

After Bank Failures, Warren, Wyden Renew Call for Accounting Regulator PCAOB to Stop Sham Audits of Crypto Firms

Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance and Banking Committees, and Ron Wyden (D-Ore.), Chair of the Senate Finance Committee, sent a letter to the Public Company Accounting Oversight Board (PCAOB), calling on the regulator to take action to stop sham audits of crypto firms. The senators’ letter comes after their January 2023 letter to PCAOB, seeking answers from the regulator about its intention to rein in sham audits of crypto firms. … Continue Reading


March 21, 2023

Warren, Van Hollen, Sanders, Whitehouse Urge Treasury to Crack Down on Ultra-Wealthy Abuse of Trusts to Dodge Taxes

Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), Bernie Sanders (I-Vt.), and Sheldon Whitehouse (D-R.I.) sent a letter to Treasury Secretary Janet Yellen, urging her to use the full extent of the Treasury Department’s regulatory authority to crack down on the ultra-wealthy’s use of trusts to dodge paying their fair share in taxes. “Billionaires and multi-millionaires use trusts to shift wealth to their heirs tax-free, dodging federal estate and gift … Continue Reading


March 19, 2023

Warren Calls for Inspectors General at Treasury, FDIC, Fed to Conduct Independent Investigation of Bank Collapses and Regulatory Failures, Report to Congress Within 30 Days

Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) wrote the Inspectors General at the Department of Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve, urging them to immediately open a thorough, independent investigation of the causes of the bank management and regulatory and supervisory problems that resulted in this month’s failure of Silicon Valley Bank (SVB) and Signature Bank (Signature), and deliver preliminary … Continue Reading


March 17, 2023

Senators Warren and Brown Call on Sodexo, NY Fed to Guarantee Workers a Fair Contract, Livable Wage

Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.) and Sherrod Brown (D-Ohio) sent a letter to Federal Reserve Bank of New York President John C. Williams and Sodexo Group CEO Sophie Bellon to express support for the food service workers of UNITE HERE Local 100 as they begin contract negotiations today.Workers who perform critical food service work in the Federal Reserve Bank of New York (NY Fed) facility have been striving to negotiate a new contract with their employer Sodexo … Continue Reading


March 17, 2023

ICYMI: At Hearing, Warren Highlights Significance of Cape Cod Bridges Funding

Washington, D.C. - At a hearing of the Senate Banking, Housing and Urban Affairs Committee, United States Senator Elizabeth Warren (D-Mass.) highlighted her push to secure funding for the Cape Cod Canal Bridges Project. Her exchange follows the announcement of the President’s Budget which includes $350 million, toward a commitment of $600 million, for the project to replace the aging Bourne and Sagamore Bridges on Cape Cod.During the hearing, Senator Warren exchanged questions with the … Continue Reading


March 16, 2023

ICYMI: At Hearing, Warren Questions Navy Acquisition Nominee on Reining in Unnecessary Spending

Washington D.C. - In case you missed it, at a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned Nickolas H. Guertin, nominee to be Assistant Secretary of the Navy for Research, Development, and Acquisition about how the Department of Defense (DoD) could reform progress payments to prevent price gouging and get programs on schedule. In response to Senator Warren’s questions, Mr. Geurtin committed to evaluating a reform proposal that would … Continue Reading


March 16, 2023

Warren, Menendez Lead Effort Urging Treasury, DOJ to Issue Guidance to Financial Institutions for Implementation of MCC Code for Gun and Ammunition Retailers

Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Bob Menendez (D-N.J.) sent a letter to the U.S. Department of the Treasury and the U.S. Department of Justice (DOJ), urging the departments to issue guidance to financial institutions for the full implementation of the new merchant category (MCC) code that the International Organization for Standardization (ISO) approved last year for gun and ammunition stores. The swift application of the MCC code would equip financial … Continue Reading


March 16, 2023

Senator Warren Asks DoD for Action to Reduce Servicemember Medical Debt

Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Committee Subcommittee on Personnel, sent a letter to Department of Defense (DoD) Secretary Lloyd Austin, requesting information from DoD about its efforts to implement recommendations from the Consumer Financial Protection Bureau’s (CFPB) Office of Servicemember Affairs’ Annual Report to address servicemember medical debt.Inaccurate medical bills or debt can affect military readiness … Continue Reading

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