Press Releases
Senator Warren Raises Concerns over CFTC’s Proposed Rule, Risks to Financial System
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to the Commodity Futures Trading Commission (CFTC), urging the Commission not to move forward with proposed rules that would weaken margin requirements and restrictions on using money market funds in uncleared swaps. The current proposal would roll back current protections that are in place to protect market participants. In 2010, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, … Continue Reading
October 10, 2023
Warren, Welch Ask Treasury and World Bank for Answers on Allegations of Child Sexual Abuse in World Bank-Funded Schools
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Peter Welch (D-Vt.) sent a letter to Treasury Secretary Janet Yellen and World Bank Group (World Bank) Alternate Executive Director for the United States, L. Felice Gorordo, expressing serious concerns about allegations of child sexual abuse in connection with a World Bank Group member, the International Finance Corporation (IFC), project in Kenya. “It is our understanding that these serious allegations are currently … Continue Reading
October 06, 2023
Warren, Tillis Seek Answers from DoD Following Reports of Inadequate Housing within Military Program
Washington, D.C. - Today, U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Armed Services Committee, and Thom Tillis (R-N.C.) sent a letter to Defense Secretary Lloyd Austin raising concerns that Exceptional Family Member Program (EFMP) families had to pay out of pocket to modify their homes to meet their families’ needs and asking for additional information about DoD’s oversight of the program. Senators Warren and Tillis previously wrote to private military housing companies … Continue Reading
October 05, 2023
Senator Warren Condemns New Justice Department Policy that Rewards Corporate Lawbreaking, Urges DOJ Leadership to Reverse Course
Washington, D.C. U.S. Senator Elizabeth Warren sent a letter to Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco, calling on the Department of Justice (DOJ) to immediately reverse its newly unveiled “safe harbor” policy that would provide a get-out-of-jail-free card for mergers involving corporate white-collar criminals—a betrayal of DOJ’s mission and a massive step backwards for the Biden administration’s fight against anticompetitive mergers. “I have—for the majority … Continue Reading
October 05, 2023
Senator Warren, Representatives García, Norcross, Beatty, Jayapal, Lead Colleagues to Urge Biden Administration to Support Aid for Crisis-Hit Countries
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass.) and Representatives Jesús “Chuy” García (D-Ill.), Donald Norcross (D-N.J.), Joyce Beatty (D-Ohio), and Pramila Jayapal (D-Wash.) led 54 of their Senate and House colleagues in a letter urging the Biden administration to support a new major allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) as way to quickly support developing countries recovering from debt, food, climate, and other crises as … Continue Reading
October 04, 2023
Warren, Jayapal Call on DOJ, FTC to Scrutinize UnitedHealth-Amedisys Merger
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Pramila Jayapal (D-Wash.) sent a letter to the Department of Justice (DOJ) Antitrust Division and the Federal Trade Commission (FTC), urging them to carefully scrutinize UnitedHealth Group’s (UHG’s) pending acquisition of Amedisys. The lawmakers also urged the agencies to scrutinize similar deals, reject behavioral or structural remedies, and oppose any health care acquisition that would threaten competition, … Continue Reading
October 03, 2023
Warren, Whitehouse, Van Hollen, Sanders Urge Treasury to Use Rulemaking Authority to Close Loopholes, Make Tax System Fairer
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.), both members of the Senate Finance Committee, and Senators Chris Van Hollen (D-Md.) and Bernie Sanders (I-Vt.) sent a letter to Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Daniel Werfel, urging them to proactively use the Treasury Department’s rulemaking authority to close tax loopholes that create inconsistency and unfairness in the tax system and threaten the … Continue Reading
October 03, 2023
Warren Statement on Supreme Court Arguments on the Consumer Financial Protection Bureau’s Funding
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) released the following statement on the Supreme Court’s oral arguments on Consumer Financial Protection Bureau v. Community Financial Services Association of America. “The future of Social Security, Medicare, and every federal banking regulator is under grave threat if payday lenders and Wall Street banks get the Supreme Court to undermine the CFPB,” said Senator Warren. “Since 1863, national bank regulators like the CFPB … Continue Reading
October 02, 2023
In the Wake of Recent Floods in Massachusetts, Senator Warren Joins Representative Thompson in Reintroducing FEMA Equity Act to Address Disparities in Federal Disaster Responses
Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.), House Committee Homeland Security Ranking Member Bennie G. Thompson (D-Miss.), and Rep. Delia C. Ramirez (D-IL), Vice Ranking Member of the Committee on Homeland Security, re-introduced the Federal Emergency Management Advancement of Equity Act (or FEMA Equity Act) to address systemic inequities in the federal government’s response to disasters and how it distributes assistance. The legislation follows a growing body of evidence and … Continue Reading
October 02, 2023
Warren, Markey Urge Senate Leaders to Support Disaster Assistance For Massachusetts Farmers Following Extreme Weather Events in End-of-Year Appropriations Package
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Edward Markey (D-Mass.) sent a letter to Senate Majority Leader Chuck Schumer, Senator Minority Leader Mitch McConnell, Senate Appropriations Committee Chair Patty Murray, and Senate Appropriations Committee Vice Chair Susan Collins urging them to support disaster assistance to compensate Massachusetts farmers for crop losses from recent extreme weather events in any end-of-year appropriations package Congress … Continue Reading
September 29, 2023
ICYMI: At Hearing, Defense Policy Nominee Commits to Work More Closely with Civil Society to Respond to Civilian Harm
Washington, D.C. - At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) called on the Department of Defense (DoD) to improve investigations into civilian harm by collaborating with civil society organizations on the ground. In response to questions from Senator Warren, Derek Chollet, nominee for Under Secretary of Defense for Policy, agreed that “working with civil society organizations is absolutely critical” and committed to ensuring DoD works with … Continue Reading
September 28, 2023
At Hearing, Senator Warren Slams Medicare and Social Security Public Trustee Nominee Over “Shocking and Deeply Unethical” Financial Conflicts of Interest
Washington, D.C. — At a Senate Finance Committee nomination hearing for Demetrios Kouzoukas, nominee for Public Trustee on the Board of Trustees for the Medicare and Social Security Programs, U.S. Senator Elizabeth Warren (D-Mass.) questioned Mr. Kouzoukas about financial conflicts of interest arising from his position on the Board of Directors of Clover Health, a private health insurer that derives a significant portion of its revenue from Medicare Advantage. Despite these conflicts of … Continue Reading
September 28, 2023
At Nomination Hearing, Senator Warren Secures Unprecedented Ethics Commitments from IRS Chief Counsel Nominee
Washington, D.C. — At a Senate Finance Committee hearing, U.S. Senator Elizabeth Warren (D-Mass.) secured ethics commitments from Marjorie Rollinson, President Biden’s nominee for Chief Counsel for the Internal Revenue Service and an Assistant General Counsel in the Department of the Treasury. If confirmed, Ms. Rollinson committed to recusing herself from any matters related to former clients for her first four years at the agency. She also committed to not going to work for any company - … Continue Reading
September 28, 2023
ICYMI: Warren Delivers Keynote Speech on Consumer Financial Protection Bureau Ahead of Supreme Court Case
“The CFPB’s future is at stake in this court decision—along with the future of every other banking regulator. . . A bad decision by the Supreme Court could wreck the financial security of millions of families and turn our economy upside down.” “It’s not going to be an easy fight. The banks have a powerful lobby. But the CFPB is government that works for people all across this country—and that makes it worth fighting for. We beat back the big financial institutions last time, and, with all … Continue Reading
September 28, 2023
Senator Warren, Rep. Neguse, and Lawmakers Urge the FTC to Finalize Changes to Premerger Notification Form to Strengthen Antitrust Enforcement, Save Taxpayer Dollars
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) and Congressman Joe Neguse (D-Colo.), along with a bicameral group of lawmakers, submitted a public comment to the Federal Trade Commission (FTC) in support of the agency’s proposed changes to the premerger notification form and associated instructions, and the premerger notification rules implementing the Hart-Scott-Rodino Antitrust Improvement (HSR) Act. Proposed in collaboration with the Department of Justice (DOJ), the … Continue Reading
September 28, 2023
Ahead of the Federal Student Loan Payment Restart, Senators Warren, Blumenthal, Markey, Van Hollen Call for Updates from Student Loan Servicers
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.), Ed Markey (D-Mass.), and Chris Van Hollen (D-Md.) sent a letter to four federal loan servicers - MOHELA, Nelnet, EdFinancial, and Maximus Federal Services Inc. - requesting updated information about their readiness to serve borrowers amid recent reports of servicing problems, and pushing back on their claims that budget shortfalls could limit their ability to help borrowers since servicers … Continue Reading
September 28, 2023
Ahead of Nomination Hearing, Senator Warren Raises Ethics Concerns with Medicare and Social Security Public Trustee Nominee
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) sent a letter to Demetrios Kouzoukas, President Biden’s nominee to serve as Public Trustee on the Boards of Trustees for the Social Security and Medicare trust funds, raising concerns about financial conflicts of interest arising from his position on the Board of Directors of Clover Health, a private health insurer that derives a significant portion of its revenue from Medicare Advantage. “Your role on the board of … Continue Reading
September 28, 2023
Senator Warren Renews Calls for Transparency and Oversight at DoD’s Investment Office
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) sent a letter to Heidi Shyu, Under Secretary of Defense for Research and Engineering at the Department of Defense (DoD), reiterating her request for increased transparency from the Office of Strategic Capital (OSC) and seeking clarification on how DoD is interpreting ethics restrictions. The letter follows up on a July letter that raised concerns that OSC’s use of special government employees (SGEs) who simultaneously work … Continue Reading
September 28, 2023
Warren, Jayapal Call on IRS to Address Revolving Door Between IRS and Giant Accounting Firms After Troubling Inspector General Findings
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and United States Representative Pramila Jayapal (D-Wash.) sent a letter to Daniel Werfel, Commissioner of the Internal Revenue Service (IRS), following the release of a troubling report from the Treasury Inspector General for Tax Administration (TIGTA) regarding its investigation into conflict-of-interest issues at the IRS. The lawmakers are calling on Commissioner Werfel to take … Continue Reading
September 27, 2023
Warren Seeks Explanation for Allegations that Internal JetBlue Documents Predict Massive Fare Increases, Service Cuts if JetBlue-Spirit Merger is Approved
Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.) sent a letter to JetBlue CEO Robin Hayes calling on him to provide an explanation for reports that recently revealed internal JetBlue analysis predicting massive fare increases and service cuts if regulators approve the proposed JetBlue-Spirit merger. In the letter, the Senator reiterated that the Department of Transportation (DOT) and antitrust regulators must oppose the deal and raised concerns about the … Continue Reading