Press Releases
At Hearing, Senator Warren Warned of Heightened Risk of Concentration in the Banking System Following JPMorgan Acquisition of First Republic Bank
Washington, D.C. – At a hearing of the Senate Banking, Housing, and Urban Affairs Committee Senator Elizabeth Warren (D-Mass.) questioned Acting Comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu, on his decision to approve JPMorgan Chase’s purchase of First Republic Bank after its collapse. This merger allowed a large, poorly supervised bank to be swallowed by America’s largest bank, making it $200 billion larger than it was before. Transcript: … Continue Reading
May 18, 2023
Warren, Markey, Keating Urge Federal Highway Administration to Expedite Technical Review of Cape Cod Bridges Project
Boston, MA - United States Senators Elizabeth Warren (D-Mass.), Edward J. Markey (D-Mass.) and Representative Bill Keating (D-Mass.) sent a letter to the Federal Highway Administration (FHWA) requesting them to expedite feedback from the technical review requested by the U.S. Army Corps of Engineers (USACE) and Massachusetts Department of Transportation (MassDOT) of the Cape Cod Canal Bridges project which seeks to explore the scope, schedule and cost of the Cape Cod Bridges … Continue Reading
May 18, 2023
Senator Warren Urges FCC to Block Standard General-Tegna Deal
Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel, urging the FCC to continue its thorough review of Standard General’s proposed acquisition of Tegna regardless of pressure by supporters of the deal, and to use its statutory authority to block this $5.4 billion deal. In April 2022, the FCC began reviewing a proposed deal by Standard General and Apollo Global Management (Apollo) to … Continue Reading
May 18, 2023
ICYMI: Experts Agree with Senator Warren on Fed Reforms for Independent Inspector General to Restore Public Confidence
Washington, D.C. – Yesterday, chairing a hearing of the Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Economic Policy, Senator Elizabeth Warren (D-Mass.) questioned Federal Reserve Inspector General Mark Bialek on conflicts of interest that prevent him from conducting effective oversight in the wake of several Fed ethics scandals and a culture of corruption that has taken hold at the Fed. Senator Warren also highlighted the urgent need to pass her bipartisan … Continue Reading
May 18, 2023
Warren Questions Banking Regulators’ Decisions on Sale of First Republic Bank to JPMorgan
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Martin Gruenberg, Chair of the Federal Deposit Investment Corporation (FDIC) and Michael Hsu, Acting Comptroller of the Currency, questioning the terms of the deal and the rationale behind the FDIC and Office of the Comptroller of the Currency’s (OCC) approval of the sale of First Republic Bank (First Republic) to JPMorgan Chase … Continue Reading
May 18, 2023
Warren, Grassley, Casey, Lawmakers Call for Greater Transparency in Nursing Home Ownership to Hold Bad Actors Accountable and Keep Patients Safe
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Chuck Grassley (R-Iowa), and Bob Casey (D-Pa.) and U.S. Representatives Lloyd Doggett (D-Texas) and Katie Porter (D-Calif.) sent a bipartisan letter to Health and Human Services (HHS) Secretary Xavier Becerra and Centers for Medicare and Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure, calling on CMS to strengthen and finalize its proposed rule to make nursing home ownership more transparent. “While we … Continue Reading
May 17, 2023
Chairing Subcommittee on Economic Policy, Senator Warren Highlights Need for Legislative Reforms to Promote Accountability, Transparency at Federal Reserve
Washington, D.C. – Today, chairing a hearing of the Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Economic Policy, Senator Elizabeth Warren (D-Mass.) questioned Federal Reserve Inspector General Mark Bialek and a panel of academic experts on the independence of the IG office and the regulatory and supervisory failures that contributed to Silicon Valley Bank’s collapse. Senator Warren also highlighted her ongoing efforts to push for legislative reforms like … Continue Reading
May 17, 2023
Warren, Lawler, Lawmakers Reintroduce Bipartisan Bill Honoring WWII Cadet Nurses
Washington, DC – United States Senators Elizabeth Warren (D-Mass.), Susan Collins (R-Maine), Steve Daines (R-Montana) and Angus King (I-Maine) and U.S. Representatives Mike Lawler (R-N.Y.), Brian Fitzpatrick (R-Pa.), Chris Deluzio (D-Pa.), and Eleanor Holmes Norton (D-D.C.) reintroduced the U.S. Cadet Nurse Corps Service Recognition Act, a bill honoring women who served in the U.S. Cadet Nurse Corps during WWII with honorary veteran status. The bill would recognize former Cadet Nurses' … Continue Reading
May 17, 2023
Ahead of Subcommittee Hearing, Senators Warren, Scott Criticize Failures of Fed IG, Introduce Bipartisan Legislation to Eliminate Conflicts of Interest and Promote Accountability at the Fed
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.) sent a letter to Federal Reserve (Fed) Inspector General (IG) Mark Bialek, reiterating the need to make his position a presidentially-appointed, Senate-confirmed role to provide greater accountability at the Fed. Mr. Bialek will be testifying in front of Sen.Warren at a Senate Banking Subcommittee hearing on Wednesday. The letter was sent in response to several concerns he had raised about S. 915, the … Continue Reading
May 17, 2023
Warren Rebukes Weak Fed Ethics Rules, Inspector General for Contributing to Culture of Corruption by Failing to Hold Fed Officials Accountable
Washington, D.C. – U.S. Senator Elizabeth Warren, Chair of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, sent a letter to Mark Bialek,, Inspector General (IG) of the Federal Reserve (Fed), rebuking the IG for his failure to hold Fed Chair Powell and senior Fed officials accountable for major ethics breaches, and the IG’s sham investigation of the Fed trading scandal, both of which undermine his recommendations for strengthening the Fed’s … Continue Reading
May 16, 2023
Heeding Warren’s Call, IRS Unveils Free E-File Program
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.) released the following statement on the decision by the U.S. Department of Treasury and the Internal Revenue Service (IRS) to implement a pilot program to allow Americans to file tax returns digitally and free of charge. “For years, I urged the IRS to create an easy and free way for Americans to file their taxes. Hardworking families deserve better than to be ripped off by giant tax prep companies, wasting time … Continue Reading
May 16, 2023
At Hearing, Warren Blasts Former SVB and Signature Bank CEOs for Keeping Millions After Recklessly Crashing Banks
Washington, D.C. – At a hearing of the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senator Elizabeth Warren (D-Mass.) blasted the former CEOs of Silicon Valley Bank (SVB) and Signature Bank (Signature) for lobbying Congress to weaken banking regulations, loading up their banks with risk, ignoring regulators’ warnings, and crashing their banks – all while keeping their multi-million dollar paychecks. Senator Warren highlighted that Gregory Becker, … Continue Reading
May 16, 2023
At the Request of Senators Warren, Hirono, and Representatives Raskin, Houlahan, GAO to Review Oversight of JROTC Program Following Reports of Sexual Abuse and Misconduct
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Mazie Hirono (D-Hawaii), both members of the Senate Armed Services Committee, along with Representatives Jamie Raskin (D-Md.), Robert Garcia (D-Calif.), Stephen F. Lynch (D-Mass.), Sylvia Garcia (D-Texas), and Chrissy M. Houlahan (D-Pa.), applauded the Government Accountability Office (GAO) for launching a review of the Junior Reserve Officers Training Corps (JROTC) program. Following disturbing reports of sexual misconduct … Continue Reading
May 16, 2023
ICYMI: On Senate Floor, Senator Warren Delivers Speech on Republicans’ Reckless Debt Ceiling Proposal and Unworkable Red Tape
Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) delivered a speech on the Senate Floor blasting Republicans’ proposals that would hold the U.S. economy hostage and weaponize red tape to strip away health care and other critical assistance from millions of families, while actually throwing nearly 800,000 Americans out of work next year. The full text of her remarks is available below. Remarks as Prepared by Senator Elizabeth WarrenMay 15, 2023 Kevin McCarthy and House … Continue Reading
May 15, 2023
Senators Warren, Hirono, Lawmakers Call for GAO Review of JROTC Program Following Pervasive Reports of Sexual Abuse and Misconduct
Washington, D.C. – U.S. Senator Elizabeth Warren joined Senator Mazie K. Hirono (D-Hawaii), both members of the Senate Armed Services Committee, along with Representatives Jamie Raskin (D-Md.), Robert Garcia (D-Calif.), Stephen F. Lynch (D-Mass.), Sylvia Garcia (D-Texas), and Chrissy M. Houlahan (D-Pa.), in sending a letter to the Government Accountability Office (GAO) urging the agency to conduct a comprehensive review of federal agencies and military services tasked with oversight of … Continue Reading
May 15, 2023
Warren, Sanders, Lee Call on Departments of Defense and State to Improve Tracking and Monitoring of U.S.-Origin Weapons
Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Subcommittee on Personnel, Bernie Sanders (I-Vt.) and Mike Lee (R-Utah) sent letters to the Department of Defense (DoD) and the Department of State (State), raising serious concerns about failures of the Departments’ tracking and monitoring of U.S.-origin weapons, which undermines efforts to prevent and mitigate civilian harm resulting from U.S. military operations or caused by … Continue Reading
May 15, 2023
ICYMI: In Military Times Op-Ed, Senator Warren Urges Next Joint Chiefs Chairman to Make Strong Ethics Commitments, Warns Against Pentagon-Defense Industry Revolving Door
Op-Ed in Military Times Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) published a new op-ed in the Military Times addressing how the Department of Defense’s revolving door with the defense industry undermines public confidence and fails to honor the sacrifices service members and their families make to keep this country safe. Ahead of President Joe Biden’s announcement of a new Chairman of the Joint Chiefs of Staff, Senator Warren urges the next chairman to make … Continue Reading
May 12, 2023
ICYMI: Defense Secretary Highlights Risks of Republican Senator’s Reckless Nominations Holds
Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.) has led congressional efforts to reverse Republicans’ reckless and dangerous holds on high level military nominations. On May 5, 2023, she received a response from Defense Secretary Lloyd Austin urging swift action to confirm all U.S. general and flag officers and highlighting how Senator Tommy Tubervillle’s (R-Ala.) indefinite holds preventing the Senate from advancing 196 senior Department of Defense … Continue Reading
May 11, 2023
Warren, McGovern, Pressley Seek Answers from Massachusetts Department of Correction on Reports Alleging Lack of Accommodations for Incarcerated Individuals with Hearing Disabilities
Boston, MA - United States Senator Elizabeth Warren (D-Mass), alongside Representatives Jim McGovern (D-Mass.) and Ayanna Pressley (D-Mass.), sent a letter to Carol Mici, Commissioner of the Massachusetts Department of Correction (DOC) expressing concern about numerous reports that individuals incarcerated at DOC facilities across Massachusetts are being denied access to accommodations for hearing disabilities, allegedly in violation of a federal settlement agreement. In the letter, the … Continue Reading
May 11, 2023
At Hearing, Senator Warren Calls for Federal Legalization of Marijuana, Highlights Need for Passage of the SAFE Banking Act
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 need for the SAFE Banking Act, which would create a safe harbor from prosecution, asset forfeiture, or other liability for financial institutions that serve cannabis businesses, as a critical step toward helping cannabis businesses access safe banking services and protecting workers from the safety risks of working in cash-only … Continue Reading