Press Releases
ICYMI: At Hearing, Senator Warren Reiterates Importance of CFPB to Enforce Existing Safeguards, Protect Consumers Amid Potential Harms from AI in Financial Services
Washington, D.C. — Today, at a hearing of the Senate Committee on Banking, Housing, and Urban Affairs, U.S. Senator Elizabeth Warren (D-Mass.) questioned Melissa Koide, Director and CEO of FinRegLab, about the existing authority of financial regulators like the Consumer Financial Protection Bureau (CFPB) to protect consumers from risks posed by Artificial Intelligence (A.I.). Senator Warren praised the CFPB for acting quickly to address risks such as lenders using A.I. to produce biased home … Continue Reading
September 21, 2023
ICYMI: Chairing Subcommittee on Economic Policy, Senator Warren Warns of Potentially Devastating Consequences of Child Care Funding Cliff
Washington, D.C. — Chairing a hearing of the Senate Banking, Housing, and Urban Affairs Committee’s Subcommittee on Economic Policy, U.S. Senator Elizabeth Warren (D-Mass.) asked witnesses about the potential consequences of the looming child care funding cliff for the American economy. Witnesses spoke to the importance of solving this funding crisis and investing in child care to ensure parents can join or stay in the workforce, businesses can hire the workers they need, and children can … Continue Reading
September 21, 2023
Senators Warren, Markey, Representatives Clark, Trahan, Moulton Call for Updates on Progress of MIT Lincoln Laboratory’s West Lab Project
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.), along with Representatives Katherine Clark (D-Mass.), Lori Trahan (D-Mass.), and Seth Moulton (D-Mass.), sent a letter to Secretary of the Air Force, Frank Kendall, requesting a status update on the revitalization effort of the West Lab Project at Hanscom Air Force Base in Massachusetts. “While we thank the Air Force for breaking ground on the Compound Semi-Conductor Laboratory and Microelectronic … Continue Reading
September 20, 2023
Chairing Subcommittee on Economic Policy, Senator Warren Highlights Potential Consequences of Looming Child Care Funding Cliff
Washington, D.C. — Chairing a hearing of the Senate Banking, Housing, and Urban Affairs Committee’s Subcommittee on Economic Policy, U.S. Senator Elizabeth Warren (D-Mass.) highlighted the upcoming child care funding cliff, detailing how $50 billion in child care stabilization funding prevented the industry from collapsing in the midst of the pandemic, while emphasizing that the potential consequences of this funding cliff may be devastating for the American economy. Transcript: Child Care … Continue Reading
September 19, 2023
Senator Warren, Rep. Balint, and Lawmakers Urge FTC and DOJ to Finalize Merger Guidelines, Strengthen Antitrust Enforcement to Protect Consumers
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) and Representative Becca Balint (D-Vt.), along with a bicameral group of lawmakers, submitted a public comment to the Federal Trade Commission (FTC) and the Department of Justice (DOJ) in support of the agencies’ proposed merger guidelines. In the letter, the lawmakers endorse the agencies’ reading of antitrust law, praising the guidelines as necessary to prevent harm to workers, consumers, and small businesses. The … Continue Reading
September 15, 2023
Senators Warren, Shaheen, Duckworth Seek Answers from Department of Defense Following Reported Elon Musk Starlink Intervention in Ukraine
Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass), Jeanne Shaheen (D-N.H.), and Tammy Duckworth (D-Ill.), members of the U.S. Senate Armed Services Committee (SASC), sent a letter to Secretary of Defense Lloyd Austin, requesting information regarding reports that Elon Musk restricted the use of Starlink satellite communications (SATCOM) terminals used by the Ukrainian Armed Forces (UAF) in southern Ukraine in 2022. The letter also asks whether further legislation is necessary … Continue Reading
September 15, 2023
Senator Warren, Representatives Garamendi, Pocan Raise Concerns, Call for Increased Oversight, Transparency from DoD Following the L3Harris-Aerojet Merger
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Committee Subcommittee on Personnel, and Representatives John Garamendi (D-Calif.), Ranking Member of the House Armed Services Readiness Subcommittee, and Mark Pocan (D-Wis.), a member of the House Appropriations committee, sent a follow up letter to the Department of Defense (DoD) raising concerns about the approval of the of the L3Harris-Aerojet merger, asking DoD about enforcement and … Continue Reading
September 15, 2023
Warren, Marshall, Manchin, Graham Expand Coalition for Bipartisan Bill Cracking Down on Crypto’s Use in Money Laundering, Drug Trafficking, Sanctions Evasion
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.) announced an expanded coalition of Senate support for the bipartisan Digital Asset Anti-Money Laundering Act, which would mitigate the illicit finance risks that crypto poses by closing loopholes and bringing the digital asset ecosystem into greater compliance with the anti-money laundering and countering the financing of … Continue Reading
September 14, 2023
Senator Warren Calls on Treasury Secretary Yellen to Protect Stability of Financial System from Interest Rate Risks
Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.) sent a letter to Treasury Secretary and Chair of the Financial Stability Oversight Council (FSOC), Janet Yellen, seeking information on how FSOC is responding to three potential risks to the banking system caused by the Federal Reserve’s increase in interest rates over the past year and a half: (1) the decline in value of banks’ bond portfolios, (2) losses in commercial real estate, and (3) losses in the leveraged … Continue Reading
September 14, 2023
ICYMI: Warren Calls for Stronger Bank Guardrails on Lehman Collapse Anniversary
Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) delivered the opening remarks at the 15th Anniversary Lehman Collapse Conference, hosted by Better Markets, where she called for updated bank merger review guidelines to safeguard the economy from too-big-to-fail banks, and tougher regulatory scrutiny on banks with assets between $100B and $250B, among other provisions. The full text of her remarks is available below. Opening Remarks, 15th Anniversary Lehman Collapse … Continue Reading
September 14, 2023
Warren, Blumenthal Seek Information on Military Electronic Health Record System Amid Concerns of Recruitment Delays and Privacy Violations
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.), members of the Senate Armed Services Committee, sent a letter to Secretary of Defense Lloyd J. Austin III, expressing concerns about the implementation of the contract the Department of Defense (DoD) awarded to Leidos Partnership for Defense Health (Leidos) for the Military Health System (MHS) Genesis electronic health record system, after reports that the use of MHS Genesis may be contributing to … Continue Reading
September 14, 2023
Warren, Jayapal Urge FTC to Rein in Big Pharma Abuses of Patent System
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Representative Pramila Jayapal (D-Wash.) sent a letter to Federal Trade Commission (FTC) Chair Lina Khan, ahead of the Commission’s open meeting later today, urging the FTC to issue a policy statement about the improper listing of drug-related patents in the Food and Drug Administration’s (FDA’s) Orange Book. Big Pharma’s exploitation of the Orange Book blocks competition and prevents lower-cost drugs from entering the market, … Continue Reading
September 14, 2023
At Hearing, Naval Operations Nominee Warns of an “Erosion of Readiness” if Military Holds Continue
Washington, D.C. — At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Subcommittee on Personnel, questioned Admiral Lisa M. Franchetti, nominee for reappointment to be Chief of Naval Operations, on the increasingly detrimental effects of Senate Republican holds on over 300 high level military officer nominees. Admiral Franchetti spoke to concerns raised by Navy families, negative impacts on recruiting at the Naval … Continue Reading
September 13, 2023
Senators Warren, Markey Urge MBTA, DPU Leaders to Address Ongoing Safety, Service Concerns with Public Transit that Endanger, Inconvenience Workers and Riders
Boston, Mass. - Today, U.S. Senators Elizabeth Warren (D-Mass.) and Edward Markey (D-Mass.) sent a letter to Massachusetts Department of Public Utilities (DPU) Chair James Van Nostrand and Massachusetts Bay Transportation Authority (MBTA) General Manager and CEO Phillip Eng, calling on them to provide updates on their efforts to address ongoing safety issues and service interruptions on the Boston T. The letter comes after Senators Warren and Markey raised similar concerns to the DPU and MTBA … Continue Reading
September 12, 2023
At Hearing, Warren Calls on SEC to End Private Equity’s Evasion of Public Disclosure Requirements and Ensure Transparency for Investors in Private Markets
Washington, D.C. - At a hearing of the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senator Elizabeth Warren (D-Mass.) called on Securities and Exchange Commission (SEC) Chair Gary Gensler to protect investors and the fairness of markets by reining in private equity’s evasion of public disclosure requirements to ensure transparent and honest markets for investors. She also reiterated her call on Chair Gensler to swiftly issue a strong climate risk disclosure rule to protect … Continue Reading
September 12, 2023
Warren, Schumer, Broad Democratic Coalition of Lawmakers Urge President Biden to take Executive Action to Address Gun Violence Epidemic, Limit Sale of Assault Weapons
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Senate Majority Leader Chuck Schumer (D-N.Y.), and Representative Maxwell Alejandro Frost (D-Fla.) with Senator Dick Durbin (D-Ill.), Senator Richard Blumenthal (D-Conn.), Senator Raphael Warnock (D-Ga.) and Representatives Diana DeGette (D-Colo.), Dina Titus (D-Nev.) and Abigail Spanberger (D-Va.) led 68 lawmakers in a letter to President Joe Biden, urging him to take further executive action to combat gun violence and limit … Continue Reading
September 12, 2023
At Armed Services Committee Hearing, Senator Warren Highlights National Security Risks, Implications of Senator Tuberville’s Hold on Air Force Readiness, Recruitment, and Reputation
Washington, D.C. — Today, at a Senate Armed Services Committee hearing, U.S. Senator Elizabeth Warren (D-Mass.) questioned Chief of Staff of the Air Force nominee General David W. Allvin on the impact and national security risks of Senator Tommy Tuberville’s (R-Ala.) hold on military promotions. Senator Tuberville’s hold has lasted nearly nine months and threatens to deprive over 650 senior military leaders of promotion by the end of the year. Currently there are 103 Air Force nominees on … Continue Reading
September 12, 2023
Warren, Massachusetts Delegation Urge EPA to Reevaluate Methodology After Steep Cuts to Massachusetts’ Lead Pipe Replacement Funding
Washington, D.C. - U.S. Senators Elizabeth Warren and Edward J. Markey and U.S. Representatives Richard Neal, James McGovern, Stephen Lynch, Bill Keating, Katherine Clark, Seth Moulton, Ayanna Pressley, Lori Trahan, and Jake Auchincloss sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan, urging him to reevaluate the methodology used to determine each state’s funding need for lead pipe removal after a 44% cut to lead service line replacement (LSLR) funding to … Continue Reading
September 11, 2023
Senators Warren, Durbin, Blumenthal Warn Against Purchase of Predatory For-Profit College University of Phoenix
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), joined U.S. Senate Majority Whip Dick Durbin (D-IL) and Richard Blumenthal (D-CT), to send a letter to the President of the University of Idaho (UI) that probes UI over how it plans to address the concerns and liabilities that come with its decision to acquire the University of Phoenix (Phoenix), a nefarious for-profit college with a history of preying on veterans, low-income students, and students of color. “Given … Continue Reading
September 08, 2023
At Hearing, Senator Warren Highlights Heightened Risk from Climate-Related Disasters, Calls for Transparency, Oversight from Insurance Industry and Regulators
Washington, D.C. — At a hearing of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, U.S. Senator Elizabeth Warren (D-Mass.) highlighted the recent withdrawals of major insurance companies from states that have a high and growing risk of climate disasters, the impact of this insurance crisis on homeowners, and the need for increased transparency from insurance companies. Mr. Douglas Heller, Director of Insurance, Consumer Federation of America, agreed with Senator Warren … Continue Reading