Press Releases
Senators Warren, Markey Introduce the Corporate Crimes Against Health Care Act of 2024
Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) introduced the Corporate Crimes Against Health Care Act of 2024 to root out corporate greed and private equity abuse in the health care system. Over the last decade, private equity fund assets have more than doubled, totaling $8.2 trillion in 2023. While private equity funds have purchased companies in nearly every sector of the economy, their aggressive deal-making in the health care sector poses … Continue Reading
June 11, 2024
In Bipartisan Letter, Warren, Scott Call New Federal Reserve Ethics Enforcement Policy “A Dismal Failure”
| Federal Reserve Bank Ethics Policy Washington, D.C. - In a bipartisan letter to the Chair of the Federal Reserve (“the Chair”, “the Fed”), Jerome Powell, Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.) criticized the Fed’s long-awaited policy to address illicit trading by Federal Reserve Bank officials. The senators reveal that the new policy is riddled with loopholes, contains weak penalties, and requires no transparency for officials that violate the trading rules. The … Continue Reading
June 10, 2024
Warren, Rosen, Hickenlooper Push Federal Reserve to Lower Interest Rates
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.), and John Hickenlooper (D-Colo.) wrote to the Federal Reserve (the Fed), urging Chair Jerome Powell to cut the federal funds interest rates from its current, two-decade-high of 5.5 percent. This comes as major central banks around the globe have cut rates or are leaning towards lowering interest rates — including the European Central Bank, which cut its rates last week from 4% to 3.75%. The letter also raises … Continue Reading
June 10, 2024
Warren Calls out Insurers, Private Equity, and Big Pharma for Anti-Competitive Tactics and Raising Health Care Costs, Calls for Government Crack Down on Corporate Greed in Health Care
Washington, D.C. - U.S. Senator Elizabeth Warren wrote to the Department of Justice (DOJ), the Department of Health and Human Services (HHS), and the Federal Trade Commission (FTC), calling out high health care costs due to vertically-integrated insurers, private equity companies, and pharmaceutical companies that are driving health care consolidation. The letter responds to the three agencies’ March 2024 cross-government inquiry into the impacts of corporate greed in health care, and … Continue Reading
June 07, 2024
Warren, Jayapal Push Eight Pharma Companies to Pull Over 100 “Sham” Patent Listings, Opening Opportunity for More Competition, Lower Drug Prices
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Representative Pramila Jayapal (D-Wash.) sent letters to eight pharmaceutical companies urging them to voluntarily de-list over 100 patents that the Federal Trade Commission (FTC) has determined may be improperly or inaccurately listed in the Food and Drug Administration’s (FDA’s) Orange Book. De-listing these patents would allow for life-saving inhalers and diabetes drugs to enter the market as generics, lowering drug prices … Continue Reading
June 07, 2024
Warren Pushes to Reform Federal Home Loan Bank System to Address Affordable Housing Crisis
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to the Federal Housing Finance Agency (FHFA) urging the agency to address our country’s affordable housing crisis by reforming the broken Federal Home Loan Bank (FHLB) System. In particular, she urged the FHFA to move forward with two proposed rulemakings on the FHLBs’ mission and membership. In 1932, Congress created the FHLB system to address the housing crisis created by the Great Depression. In return for tax … Continue Reading
June 05, 2024
At Hearing, Warren Calls Out Republicans for Retroactive Tariff Cuts for Big Businesses, Renewal of Federal Assistance for American Workers Affected by Trade
Washington, D.C. - At a hearing of the Senate Committee on Finance, U.S. Senator Elizabeth Warren (D-Mass.) called for the renewal of the Trade Adjustment Assistance (TAA) program to help American workers who lose their jobs due to trade. The TAA program provides critical federal assistance to workers who have involuntarily lost their jobs due to overseas competition. The program lapsed in mid-2022, meaning over 100,000 American workers who have lost their job since then and applied for TAA … Continue Reading
June 05, 2024
Warren, Waters, and 36 Lawmakers Urge SEC to Remain Focused on Climate Risk
Washington, D.C. - Senator Elizabeth Warren (D-Mass.), Chair of the Senate Banking Subcommittee on Economic Policy, and Representative Maxine Waters (D-Calif.), Ranking Member of the House Financial Services Committee, led 36 lawmakers in a letter to the Securities and Exchange Commission (SEC) urging the SEC to remain focused on the risk that climate change poses to investors. Among other calls to action, the letter urges the Commission to enforce its existing climate risk guidance and … Continue Reading
June 05, 2024
ICYMI: In Rolling Stone Op-Ed, Senator Warren Urges Breakup of Live Nation-Ticketmaster
Warren: “Years of bullying both artists and venues, while price-gouging customers, has caught up with this corporate giant.” Op-Ed in Rolling Stone Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) published a new op-ed in Rolling Stone applauding the Department of Justice’s lawsuit against Ticketmaster and its parent company Live Nation for suffocating competition and loading tickets with excessive fees. Senator Warren highlighted how Live Nation-Ticketmaster has used its monopoly … Continue Reading
June 04, 2024
At Hearing, Warren Obtains Commitment from Treasury IG Nominee to Investigate Conflicts of Interest and Revolving Door between Treasury, IRS, and Big 4 Accounting Firms
Washington, D.C. — At a hearing of the U.S. Senate Committee on Finance, U.S. Senator Elizabeth Warren (D-Mass.) obtained a commitment from James R. Ives, nominee for Department of the Treasury Inspector General (IG), to investigate revolving door influence peddling between the Big 4 accounting firms and IRS and the Treasury Department. During her questioning, Senator Warren secured a commitment from Mr. Ives that he would “take a fresh look at this revolving door ethics problem” if … Continue Reading
June 03, 2024
Warren, Brown, Markey Urge Federal Bankruptcy Watchdog to Protect Patients and Communities, Appoint Trustee in Steward Hospital Bankruptcy
Washington, D.C. - Senator Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Chair of the Senate Banking Committee, and Ed Markey (D-Mass.) wrote to the Director of the U.S. Trustee Program (USTP), calling for USTP to move to appoint a Chapter 11 trustee to run the company in place of Steward’s current management as quickly as possible, and to monitor the hospitals’ bankruptcy proceedings to protect patients and local communities. On May 6, 2024, Steward, one of the largest private, … Continue Reading
May 31, 2024
Warren Warns of Anti-Competitive Behavior by Massive Insurance Companies in Medicare Advantage That Raise Health Care Costs and Allow Insurers to Evade Key Regulatory Protections
Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to Chiquita Brooks-LaSure, the Administrator of the Centers for Medicare and Medicaid Services (CMS), responding to the agency’s request for information (RFI) on Medicare Advantage (MA) data and raising concerns that CMS does not collect adequate data to determine when vertically-integrated insurance companies in MA may be using anti-competitive tactics to raise health care costs and pocket extra profits. In particular, … Continue Reading
May 30, 2024
Warren, Cassidy in Bipartisan Letter, Highlight Role of Crypto in Fentanyl Trafficking
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) wrote to the White House Office of National Drug Control Policy (ONDCP) and the Drug Enforcement Administration (DEA) seeking an update on the Biden Administration’s actions to crack down on drug traffickers’ exploitation of crypto to grow their business and launder money. Cryptocurrency has played an increasingly important role in the global fentanyl trade over the last decade, facilitating the … Continue Reading
May 30, 2024
Warren Applauds Permanent Expansion of Successful IRS Direct File Program by the Biden Admin
The announcement from the Treasury Department and IRS commits to long-term expansion of the free and easy Direct File program. Link to IRS Direct File Expansion Announcement (Website) Boston, Massachusetts - Following today’s announcement by the Department of the Treasury and the Internal Revenue Service (IRS) of an expansion of the Direct File tax program, U.S. Senator Elizabeth Warren (D-Mass.) released the following statement: “Filing your taxes should be easy and free, and now with … Continue Reading
May 30, 2024
ICYMI: In Washington Post Op-Ed, Experts Call for Use of “March-In Rights” to Lower Drug Costs As Biden Administration Weighs Final Guidance
“(The Bayh-Dole Act) is clear: When our tax dollars go toward researching and developing a drug, and the manufacturer offers that drug at a sky-high price, the government has a right to step in.” Op-Ed in Washington Post Washington, D.C. — As the Biden administration considers finalizing draft guidance on the use of “march-in rights,” two experts - Peter S. Arno, senior fellow and director of health policy research at the Political Economy Research Institute at the University of … Continue Reading
May 30, 2024
Warren, Ernst, Khanna, Stefanik Lead Bipartisan Coalition of 24 Lawmakers Requesting GAO Report on DoD Efforts to Protect Service Members from Weapon Blasts
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Personnel Subcommittee, and Joni Ernst (R-Iowa), Ranking Member of the Senate Armed Services Emerging Threats and Capabilities Subcommittee, as well as United States Representatives Ro Khanna (D-Calif.) and Elise Stefanik (R-N.Y.), both members of the House Armed Services Committee, led a group of bipartisan lawmakers in a letter to the U.S. Government Accountability Office (GAO) … Continue Reading
May 30, 2024
Warren, State Leaders Celebrate $67 Million Federal Grant to Improve MBTA Green Line Accessibility
Boston, MA — Today, Senator Elizabeth Warren (D-Mass.), together with Senator Edward J. Markey (D-Mass.), Governor Maura Healey, Lt. Gov. Kim Driscoll, and other state and local leaders, celebrated a $67 million grant awarded by the Federal Transit Administration (FTA) to the Massachusetts Bay Transportation Authority (MBTA) to improve accessibility for passengers on the Green Line. The funding comes from the All Stations Accessibility Program (ASAP) under President Biden’s Bipartisan … Continue Reading
May 30, 2024
New Analysis by Warren, Doggett Reveals Broad Public Support for Commerce Department’s Proposed Guidance on March-In Rights to Lower Drug Costs
Washington, D.C. — Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Lloyd Doggett (D-Texas) sent a letter to Secretary of the Department of Commerce, Gina Raimondo, and Under Secretary Laurie Locascio, highlighting the lawmakers’ new review of public comments on the agency’s Draft Interagency Guidance Framework for Considering the Exercise of March-In Rights and urging them to strengthen and finalize the guidance. The proposal would help boost competition and reduce prices for … Continue Reading
May 30, 2024
New Analysis by Warren, Doggett Reveals Broad Public Support for Commerce Department’s Proposed Guidance on March-In Rights to Lower Drug Costs
Washington, D.C. — Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Lloyd Doggett (D-Texas) sent a letter to Secretary of the Department of Commerce, Gina Raimondo, and Under Secretary Laurie Locascio, highlighting the lawmakers’ new review of public comments on the agency’s Draft Interagency Guidance Framework for Considering the Exercise of March-In Rights and urging them to strengthen and finalize the guidance. The proposal would help boost competition and reduce prices for … Continue Reading
May 29, 2024
At Hearing, Warren Warns of Threats to Reproductive Freedom by Trump and Right-Wing Extremists, Implications for the Health, Safety, and Security of Women Nationwide
Warren: “I am furious that millions of women have lost fundamental rights. I am furious that their freedom to make their own decisions has been taken away by a small number of extremists. I am alarmed by what the radical Supreme Court and congressional Republicans are prepared to do to unravel (these rights further) under a future Trump presidency.” Hearing Video Washington, D.C. — Today, U.S. Senator Elizabeth Warren (D-Mass.), chair of the Senate Banking Subcommittee on Economic Policy, … Continue Reading
