Press Releases
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
September 27, 2023
Warren, Tlaib, Raskin, Schiff Lead 23 Lawmakers Urging SEC to Release Strong Climate Risk Disclosure Rule
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass), a member of the Senate Banking, Housing, and Urban Affairs Committee and U.S. Representatives Rashida Tlaib (D-Mich.), Jamie Raskin (D-Md.), and Adam Schiff (D-Calif.) led 23 of their colleagues in a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the SEC to quickly release a final, strong climate disclosure rule. The SEC’s regulatory agenda suggests it will finalize the rule in October 2023. Senators … Continue Reading
September 25, 2023
Warren, Senators Urge Treasury Department to Address Climate-Related Financial Risks
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Martin Heinrich (D-N.M.), Ed Markey (D-Mass.), Sheldon Whitehouse (D-R.I.), and Jeff Merkley (D-Ore.) sent a letter to Secretary of the Treasury Janet Yellen and newly-appointed Treasury Climate Counselor Ethan Zindler, urging the Treasury Department (Treasury) to take key actions pertaining to climate and climate-related financial risk to avert the impending environmental and economic … Continue Reading
September 21, 2023
Senator Warren’s Statement on Vice President Harris’s Announcement, CFPB Action to Eliminate Medical Bills from Credit Reports
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) released the following statement on Vice President’s Harris’s announcement that the Consumer Financial Protection Bureau (CFPB) is starting a rulemaking process to remove medical bills from Americans’ credit reports. “Vice President Harris is leading the fight to lower costs for hardworking Americans by addressing the burden of medical debt. No one should have their credit ruined because of a medical emergency,” said … Continue Reading
September 21, 2023
Senators Warren, Markey Applaud TPS Redesignation for Venezuelan Migrants
Boston, Mass. — United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey released the following statement on the Biden administration redesignating Venezuela for Temporary Protected Status (TPS): “We applaud President Biden’s decision to redesignate and extend Temporary Protected Status (TPS) for Venezuelan migrants. This announcement will grant almost 500,000 Venezuelan migrants who are unable to safely return to their home country the ability to receive temporary protection in … Continue Reading
September 21, 2023
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