Press Releases
New Report from Senator Warren: The SPAC Hack: How SPACs Tilt the Playing Field and Enrich Wall Street Insiders
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) today released a new, 26-page report on special purpose acquisition companies (SPACs) based on the findings of her investigation of high-profile SPAC creators. In September 2021, Senator Warren and her colleagues wrote to six creators of prominent SPACs, raising concerns about abuses by SPAC creators and operators, including reports that insiders were taking advantage of legislative and regulatory gaps at the expense of … Continue Reading
May 26, 2022
At Hearing, Senator Warren Questions General Cavoli about National Security Risks from Climate Change and Importance of Oversight on Ukraine Spending
Washington, D.C. - At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned General Christopher Cavoli, Commander of the U.S. Army Europe and Africa and nominee to be Commander of the United States European Command and the Supreme Allied Commander Europe about the security challenges that climate change poses to U.S. national security interests and the importance of Congressional oversight of taxpayer dollars to aid UkraineWhen Senator … Continue Reading
May 19, 2022
ICYMI: Warren, Klobuchar, Colleagues Introduce Legislation to Strengthen Election Administration
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Amy Klobuchar (D-MN), led nine of their colleagues in introducing the Sustaining Our Democracy Act. This legislation would provide $20 billion in mandatory federal funding over the next decade to help states and local governments support election administration, including by training and recruiting nonpartisan poll workers and election officials and increasing access to voting in underserved communities.“Voting is the … Continue Reading
May 19, 2022
At Hearing, Senator Warren Announces Strong Ethics Commitments from Federal Reserve Vice Chair for Supervision Nominee Michael Barr
Washington, D.C. - Today, at a hearing of the Senate Banking, Housing, and Urban Affairs Committee, Senator Elizabeth Warren (D-Mass.) announced that she had secured strong ethics commitments from Michael Barr, President Biden’s nominee to be Federal Reserve Vice Chair for Supervision. Barr confirmed that he would not seek employment or compensation - including as a result of board service - from any company that has a matter before the Fed, or any financial services company, for four … Continue Reading
May 19, 2022
Warren, Markey Blast Republicans for Vote Against COVID-19 Relief for Small Businesses
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) released the following statement today after the Senate failed to pass the bipartisan Small Business COVID Relief Act of 2022, legislation that would have provided much-needed funding to small businesses by allocating grants to hard-hit businesses, including gyms and live event production businesses, and by replenishing the Restaurant Revitalizations Fund, which has supported thousands of restaurants … Continue Reading
May 19, 2022
Warren, Wyden, Sanders, Murray Blast Private Equity Giant KKR for Grossly Substandard Care and Unsafe Living Conditions in Group Homes for People with Intellectual and Developmental Disabilities
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance and Banking, Housing, and Urban Affairs Committees; Ron Wyden (D-Ore.), Chair of the Senate Finance Committee; Bernie Sanders (I-Vt.), Chair of the Senate Budget Committee; and Patty Murray (D-Wash.), Chair of the Senate Health, Education, Labor, and Pensions Committee, sent a letter to the Co-CEOs of the private equity firm KKR, blasting the company after a BuzzFeed News investigation … Continue Reading
May 19, 2022
Warren, Cassidy, Rubio Introduce Protecting Military Service Members’ Data Act of 2022
Washington D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Bill Cassidy, M.D. (R-La.), and Marco Rubio (R-Fla.) introduced the Protecting Military Service Members’ Data Act of 2022 to protect the data of U.S. service members by preventing data brokers from selling lists of military personnel to adversarial nations including China, Russia, Iran, and North Korea. “The business model of data brokers threatens the safety, privacy, and civil liberties of Americans, including … Continue Reading
May 19, 2022
Warren, Markey Blast Republicans for Vote Against COVID-19 Relief for Small Businesses
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) released the following statement today after the Senate failed to pass the bipartisan Small Business COVID Relief Act of 2022, legislation that would have provided much-needed funding to small businesses by allocating grants to hard-hit businesses, including gyms and live event production businesses, and by replenishing the Restaurant Revitalizations Fund, which has supported thousands of restaurants … Continue Reading
May 19, 2022
Warren and 18 Colleagues Request Senate Committee on Indian Affairs Hold a Hearing on the Truth and Healing Commission on Indian Boarding School Policies in the United States Act
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) today sent a letter to the leadership of the Senate Committee on Indian Affairs, requesting that the Committee hold a hearing on the Truth and Healing Commission on Indian Boarding School Policies in the United States Act (S. 2907). Senator Warren re-introduced this bill with the Co-Chairs of the Congressional Native American Caucus, Congresswoman Sharice Davids (D-Kan.) and Congressman Tom Cole (R-Okla.) on September … Continue Reading
May 19, 2022
Warren, Rounds Introduce Bipartisan Resolution Directing FTC to Investigate Anticompetitive Practices and Violations of Antitrust Laws in Beef-packing Industry
Washington, D.C. - Today, United States Senators Elizabeth Warren (D-Mass.) and Senator Mike Rounds (R-S.D.) introduced a bipartisan joint resolution that would direct the Federal Trade Commission (FTC) to report to Congress within one year on the extent of anti-competitive practices and violations of antitrust law in the beef-packing industry, including price-fixing, anti-competitive acquisitions, dominance of supply chains, and monopolization. “Only four billionaire corporations … Continue Reading
May 18, 2022
Warren, Booker, Tester, Merkley Introduce Bill to Impose Moratorium on Large Agribusiness Mergers
Washington D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Cory Booker (D-N.J.), Jon Tester (D-Mont.), and Jeff Merkley (D-Ore.) introduced the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022, legislation that would place an immediate and indefinite moratorium on acquisitions and mergers in the food and agriculture sector. Supported by farm, food, rural, community, labor, consumer, and other advocacy organizations, the bill would also establish a commission that … Continue Reading
May 18, 2022
Warren Leads Senators Blasting Data Brokers for Collecting and Selling Cell Phone Location Data of People Who Visit Abortion Clinics
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) led thirteeen of her Senate colleagues today in letters to SafeGraph and Placer.ai, two data brokers, blasting the companies for collecting and selling the cellphone-based location data of people who visit abortion clinics and risking the safety of anyone seeking access to abortion services. In the wake of the Supreme Court’s leaked draft opinion that would overturn Roe v. Wade, the senators are demanding answers about … Continue Reading
May 18, 2022
Warren, Booker Question Abbott CEO on Stock Buybacks, CEO Pay, and Years of Failures Leading To Infant Formula Shortage
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Cory Booker (D-N.J.) sent a letter to Robert B. Ford, Chairman of the Board and Chief Executive Officer of Abbott Laboratories, requesting information on the company’s actions and investments leading up to the 2022 infant formula shortage. In the letter, the senators request information regarding failures in the infant formula market, including corporate consolidation and lack of oversight that enabled Abbott to … Continue Reading
May 18, 2022
Warren, Booker Question Abbott CEO on Stock Buybacks, CEO Pay, and Years of Failures Leading To Infant Formula Shortage
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Cory Booker (D-N.J.) sent a letter to Robert B. Ford, Chairman of the Board and Chief Executive Officer of Abbott Laboratories, requesting information on the company’s actions and investments leading up to the 2022 infant formula shortage. In the letter, the senators request information regarding failures in the infant formula market, including corporate consolidation and lack of oversight that enabled Abbott to … Continue Reading
May 13, 2022
As Wall Street Buys Up Single-Family Homes in Bulk and Worsens Housing Crisis, Warren and Reed Call on HUD to Preserve Affordable Homeownership for Families
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Jack Reed (D-R.I.), members of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Secretary of the Department of Housing and Urban Development (HUD), Marcia Fudge, calling on HUD to preserve homeownership affordability for American families as Wall Street firms expand their activity in the housing market. The lawmakers are calling on HUD to stem the flow of single-family homes to institutional … Continue Reading
May 12, 2022
Warren, Baldwin, Schakowsky, Colleagues Introduce Bicameral Legislation to Crack Down on Corporate Price Gouging
Washington, D.C. - Today, United States Senators Elizabeth Warren (D-Mass.), Tammy Baldwin (D-Wisc.), and Rep. Jan Schakowsky (D-Ill.) introduced the Price Gouging Prevention Act of 2022, which would prohibit the practice of price gouging during all abnormal market disruptions - including the current pandemic - by authorizing the Federal Trade Commission (FTC) and state attorneys general to enforce a federal ban against unconscionably excessive price increases, regardless of a seller's … Continue Reading
May 11, 2022
ICYMI: At Hearing, Warren Calls out Trump Administration for Weakening Oversight of Giant Nonbank Financial Institutions
Washington, D.C. - In case you missed it, at a hearing of the Senate Banking, Housing, and Urban Affairs Committees, U.S. Senator Elizabeth Warren (D-Mass.) called out the Trump administration’s actions to weaken the Financial Stability Oversight Council (FSOC)’s oversight powers by undermining its ability to designate nonbanks - including giant asset managers, mortgage companies, hedge funds, private equity firms, and investment companies - as systemically important financial institutions, … Continue Reading
May 11, 2022
Warren, Bush, Ocasio-Cortez Blast Amazon’s “Wholly Inadequate Safety Culture” Reflected in Lackluster Responses to Questions about Edwardsville Warehouse Collapse
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) and Representatives Cori Bush (D-Mo.) and Alexandria Ocasio-Cortez (D-N.Y.) sent a letter Amazon’s Executive Chairman, Jeff Bezos, and its President and CEO, Andy Jassy, blasting the company for its lackluster responses and failure to answer their questions from a letter in December 2021 about the circumstances and policies that led to the collapse of an Amazon warehouse in Edwardsville, Illinois that killed six workers. Amazon’s … Continue Reading
May 10, 2022
ICYMI: On Senate Floor, Warren Calls on Senate to Pass Women’s Health Protection Act and Fight Back Against Republican Extremism
Warren: “Tomorrow, the Senate will vote on the Women’s Health Protection Act to enshrine the right to an abortion in federal law. After this vote, there will be no ambiguity. Every American will know exactly where their elected representatives in Congress stand. And every senator will have to explain whether they defend the right of every person to have control over their own bodies and their own futures. Or whether they will stand by as women’s constitutional rights are … Continue Reading
May 10, 2022
Warren, Porter Demand Answers from Goldman Sachs and JP Morgan on Banks’ Exploitation of Sanctions Loopholes to Profit from Trades in Russian Debt
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, and Representative Katie Porter (D-Calif.) sent letters to the CEOs of Goldman Sachs and JPMorgan Chase, calling out the banks for exploiting sanctions loopholes that allow them to continue to profit from business dealings with Russian debt in the secondary markets. Giant financial institutions are cashing in on Russia’s war in Ukraine, with the volume of … Continue Reading
