Press Releases
In Speech, Warren Calls Out Culture of Corruption Among High-Ranking Federal Reserve Officials; Says Responsibility is with Powell
Washington, D.C. — Today, United States Senator Elizabeth Warren (D-Mass.) took to the Senate floor to call out the culture of corruption among high-ranking Federal Reserve (Fed) officials. Recent reports of ethically questionable financial activity by high-ranking Fed officials — including Federal Reserve Vice Chair Richard Clarida and two regional Fed presidents — have raised deep concerns over conflicts of interests and have undermined public confidence in the Fed. Yesterday, Senator … Continue Reading
October 05, 2021
Warren & Ross Introduce Bill to Require Disclosures of Ransomware Payments
Washington, DC -- United States Senator Elizabeth Warren (D-Mass.) and Representative Deborah Ross (D-N.C.) today introduced the bicameral Ransom Disclosure Act. The bill provides the Department of Homeland Security (DHS) with critical data on ransomware payments in order to bolster our understanding of how cybercriminal enterprises operate and develop a fuller picture of the ransomware threat.“Ransomware attacks are skyrocketing, yet we lack critical data to go after cybercriminals,” … Continue Reading
October 04, 2021
Warren Calls on SEC to Investigate Securities Trades by High-Level Federal Reserve Officials to Determine if They May Have Violated Insider Trading Rules
WASHINGTON, D.C. — Today, United States Senator Elizabeth Warren (D-Mass.) called on the U.S. Securities and Exchange Commission (SEC) to investigate ethically questionable transactions made by top Federal Reserve officials and determine if they may have violated insider trading rules. A new report revealed that Federal Reserve Vice Chair Richard Clarida traded “between $1 million and $5 million out of a bond fund into stock funds [in February 2020], one day before Chair Jerome Powell … Continue Reading
October 04, 2021
Warren, Markey, Blumenthal Raise Concerns About Discriminatory Bias in EdTech Student Surveillance Platforms and Harmful Effects on Students’ Mental Health
Washington, D.C. -- United States Senators Elizabeth Warren (D-Mass.), Edward J. Markey (D-Mass.), and Richard Blumenthal (D-Conn.) sent a letter to four educational technology companies -- Gaggle.net, Bark Technologies, GoGuardian, and Securly Inc. -- regarding their use of artificial intelligence (AI) and algorithmic systems to monitor students’ online activity.“Your company and other education technology companies have developed software that are advertised to protect student safety, … Continue Reading
October 04, 2021
Warren Delivers George Washington University Commencement Address
As Progressives in Congress Hold the Line on President Biden’s Agenda, Warren Tells GW Students to Get in the Fight for What They Believe In “Progressives in Congress are holding strong in support of President Biden’s Build Back Better Agenda...we will hold the line until we win this fight.” “[W]e’re a long way from true equality....You have power. You have used the opportunity given to you, so now, get in the fight to expand opportunity for someone else.” Washington, DC - United … Continue Reading
September 30, 2021
Warren, Davids, Cole Reintroduce Bipartisan Bill to Seek Healing for Stolen Native Children and Their Communities
Bill Text | One Pager | Endorsement ListWashington, D.C. -- Today, on the National Day of Remembrance for U.S. Indian Boarding Schools, United States Senator Elizabeth Warren (D-Mass.), and the Co-Chairs of the Congressional Native American Caucus, Congresswoman Sharice Davids (D-Kan.) and Congressman Tom Cole (R-Okla.), reintroduced The Truth and Healing Commission on Indian Boarding School Policies in the United States Act, legislation that seeks healing for stolen Native children … Continue Reading
September 30, 2021
Senator Warren and Rep. Chuy García Introduce the Bank Merger Review Modernization Act to End Rubber Stamping of Bank Merger Applications
Washington, DC - United States Senator Elizabeth Warren (D-Mass.), a member of the United States Senate Banking, Housing, and Urban Affairs Committee (BHUA), and Representative Jesús “Chuy” García (D-Ill.), member of the House of Representatives Committee on Financial Services, today announced the reintroduction of the Bank Merger Review Modernization Act. The legislation would restrict harmful consolidation in the banking industry and protect consumers and the financial system from “Too … Continue Reading
September 30, 2021
Warren, Wyden, Padilla, Merkley, Daines Urge Treasury Secretary to Establish an Office of Tribal Affairs
Washington, D.C. -- United States Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Alex Padilla (D-Calif.), Jeff Merkley (D-Ore.), and Steve Daines (R-Mont.) urged U.S. Department of Treasury Secretary Janet Yellen to establish an Office of Tribal Affairs to provide a sufficient number of permanent personnel who can help improve the Department’s tribal consultation process, strengthen the Department’s relationship with tribal nations, and provide more in-house expertise on … Continue Reading
September 28, 2021
At Armed Services Hearing, Gen. Milley Concedes That Outcome in Afghanistan Would Have Been the Same No Matter When Troops Were Withdrawn
Video of the Hearing Exchange (Round 2 Questioning)Washington, D.C. -- During today's Senate Armed Services Committee (SASC) hearing, United States Senator Elizabeth Warren (D-Mass.) questioned General Mark Milley about Afghanistan’s outcome. General Milley conceded that “the end state probably would have been the same no matter when” the troops were pulled out. Transcript: Hearing to Receive Testimony on the Conclusion of Military Operations in Afghanistan and Plans for … Continue Reading
September 28, 2021
At Armed Services Hearing on Afghanistan, Secretary Austin Confirms that President Biden Followed the Advice of Military Advisors When Planning and Executing Withdrawal Operation
Senator Warren: “I believe President Biden had it exactly right: Withdrawing was long overdue.”Video of the Hearing Exchange (Round 1 Questioning)Washington, D.C. -- During today's Senate Armed Services Committee (SASC) hearing, United States Senator Elizabeth Warren (D-Mass.) questioned Secretary of Defense Lloyd Austin about President Biden’s decision to withdraw U.S. troops from Afghanistan. In response to Senator Warren, Secretary Austin confirmed that President Biden followed the … Continue Reading
September 28, 2021
At hearing, Warren Presses Fed Chair Powell on Record of Deregulation, Opposes Renomination As Fed Chair
Warren to Fed Chair Powell: “Your record causes me grave concern: over and over you have acted to make our banking system less safe. That makes you a dangerous man to head up the Fed, and that’s why I’ll oppose your re-nomination.”Video of Hearing ExchangeWashington, D.C. — At today's Senate Banking, Housing, and Urban Affairs Committee (BHUA) hearing, United States Senator Elizabeth Warren (D-Mass.) raised concerns to Federal Reserve Chair Jerome Powell regarding the steps he has taken … Continue Reading
September 23, 2021
Warren, Cornyn Introduce Bill to Prevent Large Corporations From 'Forum-Shopping' in Bankruptcy Cases
Washington, D.C. — United States Senators Elizabeth Warren (D-Mass.) and John Cornyn (R-Texas) today introduced the Bankruptcy Venue Reform Act of 2021 which would require large corporations and wealthy individuals to file for bankruptcy in their home states or where significant assets are located. In the last 20 years, more than 70% of public companies with at least $100 million in assets filed for bankruptcy in a district outside of the one closest to their headquarters. The … Continue Reading
September 22, 2021
Warren, Brown, Smith, and Van Hollen Request Information from SPAC Creators Amid “Astonishing” Reports of Abuse and Market Dysfunction
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Tina Smith (D-Minn.), and Chris Van Hollen (D-Md.) sent letters to six creators of prominent Special Purpose Acquisition Companies, or SPACs, publicly traded shell companies that raise money to buy private companies and take them public. Their letters raise concerns about abuses by the creators and operators of SPACs, including reports that insiders are taking advantage of legislative and … Continue Reading
September 22, 2021
Dozens of Republican, Democrat, and Nonpartisan Law Enforcement Officials, Community Advocates, Service Providers, and Members of the Legal Community Support DA Rachael Rollins’ Nomination for US Attorney
Former US Attorneys—Including Former Republican Governor Bill Weld—and Current and Former Suffolk County Law Enforcement Executives Support Rollins’ Nomination Citing Her Extensive Law Enforcement Credentials, the Leaders Urge the Judiciary Committee to Swiftly and Favorably Advance Rollins’ NominationWashington, D.C. - Today, dozens of Republican, Democrat and nonpartisan law enforcement officials, community advocates, service providers, and members of the legal community sent letters … Continue Reading
September 21, 2021
At Hearing, Treasury Nominee Agrees with Senator Warren that Addressing Climate Risk Must be a Priority for Treasury
Video of Hearing ExchangeWashington, D.C. - At today's Senate Banking, Housing, and Urban Affairs Committee hearing to consider the nominations of Alan F. Estevez, Thea D. Rozman Kendler, Alexia Marie Gabrielle Latortue, and Graham S. Steele, United States Senator Elizabeth Warren (D-Mass.) highlighted the need for the U.S. Department of Treasury to address climate risk and directed her questions toward Steele, the nominee to be Assistant Secretary of the Treasury for Financial … Continue Reading
September 21, 2021
Senator Warren, Rep. Cori Bush, Senators Markey, Padilla, Introduce the Keeping Renters Safe Act of 2021
| Press ConferenceWASHINGTON, D.C. — Today, Senator Elizabeth Warren (D-Mass.), member of the Senate Committee on Banking, Housing, and Urban Affairs, Congresswoman Cori Bush (D-Mo.), Deputy Whip of the Congressional Progressive Caucus and Member of the House Committee on the Judiciary, along with Senator Edward J. Markey (D-Mass.), Senator Alex Padilla (D-Calif.), and over three dozen of their colleagues introduced the Keeping Renters Safe Act of 2021 to enact an urgently needed … Continue Reading
September 21, 2021
Warren, Brown, Merkley, Baldwin, and Markey Raise Concerns Over Distorted Findings in Trade Commission’s Economic Impact Report, Urge USITC to Improve Its Analysis of Trade Deals
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Jeff Merkley (D-Ore.), Tammy Baldwin (D-Wis.), and Edward J. Markey (D-Mass.) sent a letter to the U.S. International Trade Commission (USITC) expressing serious concerns about a disturbing series of assumptions and omissions that distort the findings of the USITC June 2021 report on the economic impact of numerous U.S. trade agreements. The USITC found that these trade agreements have had a … Continue Reading
September 16, 2021
NEW Report: THE BIG ESCAPE: How the Ultra-Wealthy Avoid Paying Taxes and How to Fix It
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today released a new staff report, “The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes and How to Fix It.” Massive corporations and America’s wealthiest households are using extraordinary loopholes and increasingly complex schemes to avoid paying their fair share in taxes. This new report examines the effects of two proposals from Senator Warren to fix our broken tax system and raise revenue: the … Continue Reading
September 16, 2021
Bipartisan Resolution Designating September 2021 as Polycystic Ovary Syndrome Awareness Month Passes Senate Unanimously
Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Deb Fischer (R-Neb.) today applauded the unanimous passage of their bipartisan resolution to designate September 2021 as Polycystic Ovary Syndrome Awareness (PCOS) Month.“Polycystic Ovary Syndrome affects the lives of millions of people across the United States, and for the past four years, my colleagues and I have introduced this resolution to raise awareness about the need for further research, improved treatment, … Continue Reading
September 16, 2021
Warren Calls On Federal Reserve Banks To Adopt Stricter Ethics Rules After Troubling Reports Of Stock, REIT Trading By Two Fed Presidents
WASHINGTON, D.C. — Following troubling reports that two regional Federal Reserve Bank (Fed) Presidents made extensive stock trades in 2020 as the Fed took extraordinary actions to address the COVID-19 pandemic, United States Senator Elizabeth Warren (D-Mass.), chair of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, called on the 12 regional Fed Presidents to adopt stricter ethics rules that prohibit individual stock trading by them and their staff. Last … Continue Reading
