Press Releases
ICYMI: Warren Delivers Speech on Bank Failures and New Bill to Reverse Trump-era Deregulation of Banking Rules
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, delivered a speech on the Senate Floor about the failures of Silicon Valley Bank and Signature Bank and her new bill introduced yesterday, the Secure Viable Banking Act, which would repeal Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The full text of her remarks is available below.Remarks by Senator Elizabeth … Continue Reading
March 15, 2023
Warren, Blumenthal Seek Comprehensive DOJ and SEC Investigation of Silicon Valley Bank Executives After Bank’s Collapse, Aggressive Prosecution of Any Lawbreaking
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) sent a letter to the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), calling on them to conduct a comprehensive investigation to determine whether senior executives and other key officials involved in the collapse of Silicon Valley Bank (SVB) met their statutory and regulatory responsibilities or violated civil or criminal laws. “A series of reports revealed that key … Continue Reading
March 14, 2023
Warren, Porter, Dozens of Democratic Lawmakers Introduce Bill to Repeal 2018 Rollback of Critical Dodd-Frank Protections
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Representative Katie Porter (D-Calif.) led dozens of Democratic lawmakers to introduce the Secure Viable Banking Act, legislation that would repeal Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 following the collapse of Silicon Valley Bank (SVB) and Signature Bank. In 2018, Senator Warren was outspoken about the dangers of passing the Economic Growth, Regulatory Relief, … Continue Reading
March 14, 2023
Senator Warren Calls for Answers from Silicon Valley Bank CEO Following Collapse
Washington, D.C. — U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to ex-Silicon Valley Bank CEO Greg Becker to inquire about his and SVB lobbyists’ efforts to roll back Dodd-Frank rules prior to the collapse of the bank.Five years ago today, the Senate passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, rolling back banking regulations enacted by the Dodd-Frank Act and raising the asset threshold at which a bank is considered and regulated as a … Continue Reading
March 14, 2023
NEW: Senator Warren Calls on Chair Powell to Recuse Himself from Fed Review of Silicon Valley Bank Failure
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) released the following statement following the Federal Reserve’s announcement that it will launch an internal review of its supervision and regulation of Silicon Valley Bank after the bank’s failure last week. “Fed Chair Powell’s actions to allow big banks like Silicon Valley Bank to boost their profits by loading up on risk directly contributed to these bank failures,” said Senator Warren. “For the Fed’s inquiry to … Continue Reading
March 13, 2023
Senator Warren in New York Times Op-Ed: Silicon Valley Bank Is Gone. Its Executives Must be Held Accountable and Washington Must Act to Prevent the Next Crisis.
Op-Ed in the New York TimesWashington, D.C. - Following the failure of Silicon Valley Bank (S.V.B.), U.S. Senator Elizabeth Warren (D-Mass.) published an op-ed in the New York Times urging Congress and federal regulators to strengthen weakened rules to avoid another crisis, intensify bank oversight, reform deposit insurance, and hold S.V.B. executives accountable for any malfeasance or mismanagement that led to this failure.Read the full op-ed here and below:No one should be mistaken … Continue Reading
March 10, 2023
Senator Warren Statement on Silicon Valley Bank’s Failure
Boston, MA - U.S. Senator Elizabeth Warren (D-Mass.) released the following statement after the failure of Silicon Valley Bank (SVB): “In the wake of Silicon Valley Bank’s failure, I am receiving updates from the FDIC, and I expect there will soon be a better assessment of how much help is available for customers in Massachusetts and across the nation. SVB executives must be held accountable for any malfeasance or mismanagement that led to this failure. President Trump and … Continue Reading
March 10, 2023
Senator Warren Urges Treasury Secretary to Use Climate Hub to Take Swift, Aggressive Action on Climate Risks
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), along with Senators Sheldon Whitehouse (D-R.I.) and Ed Markey (D-Mass.) sent a letter to Treasury Secretary Janet Yellen following Climate Counselor John Morton’s departure and urging Treasury to take swift and aggressive action to tackle the climate crisis, which threatens our health, security, and financial system. In April 2021, Treasury announced the formation of a Climate Hub and the appointment of Mr. Morton as Climate … Continue Reading
March 09, 2023
At Hearing, Warren Calls on Space and Strategic Command Leaders to Rein in Wasteful DoD “Wish Lists”
Washington, D.C. - At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned the Commanders of the United States Space Command and the United States Strategic Command about their use of wasteful unfunded priorities lists, “wish lists” that distort the budget process and result in bloated, wasteful spending. Both Commanders confirmed that they would be submitting “wish lists” to Congress requesting funding in addition to what they requested … Continue Reading
March 09, 2023
Warren, Markey, Keating Secure $350 Million in President Biden’s Budget to Replace Cape Cod Bridges
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) and Representative Bill Keating (D-Mass.) applauded the inclusion of $350 million, toward a commitment of $600 million, in President Biden’s budget for the Cape Cod Canal Bridges Project, to replace the aging Bourne and Sagamore Bridges on Cape Cod.“I've been working hard to secure federal funding to replace the Cape Cod bridges and this initial $350 million, toward a commitment of $600 million, is a … Continue Reading
March 08, 2023
ICYMI: At Hearing, Warren Warns Republicans’ Debt Ceiling Hostage Demands Would Cut 2.6 Million Jobs and Trigger Recession
Warren Calls on Congress to Raise Debt Limit, Reject Any Proposal to Cut Funding for Families, and Make Billionaires and Corporations Pay their Fair Share“Republicans… want hardworking Americans to shoulder the burden of keeping the government up and running while billionaires and large corporations get away with paying as little as possible. The debt ceiling hostage demands that they’re making would shrink our economy and it would cost millions of Americans their jobs, while it plunges … Continue Reading
March 08, 2023
Warren, Klobuchar, Hirono Introduce Legislation to Expand Personal Health Data Privacy Protections
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Amy Klobuchar (D-Minn.), and Mazie Hirono (D-Hawaii) introduced the Upholding Protections for Health and Online Location Data (UPHOLD) Privacy Act, legislation that would expand protections for Americans’ personal health data. The legislation would prevent companies from profiting off of personally identifiable health data for advertising purposes, allow consumers greater access to and ownership over their personal health … Continue Reading
March 08, 2023
Warren, Hirono, Senators Raise Concern Over Reports Walgreens May Not Dispense Medication Abortion, Seek Clarity on Company Policy
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Mazie Hirono (D-Hawaii), along with Senators Tina Smith (D-Minn.), Richard Blumenthal (D-Conn.), Bob Menendez (D-N.J.), and Cory Booker (D-N.J.) sent a letter to Walgreens CEO Rosalind Brewer, expressing concern regarding recent reports that the company would not dispense medication abortion in 21 states where Republican Attorneys General have threatened the company. “As of March 2023, at least 17 states have eliminated all … Continue Reading
March 08, 2023
ICYMI: At Hearing, Senator Warren Criticizes Defense Department Requesting Wasteful, “Wish List” Budgets on Top of its DoD Budget Proposal
Washington, D.C. — At a hearing of the Senate Armed Services Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned General Bryan P. Fenton, USA, Commander, United States Special Operations Command (SOCOM), about the Department of Defense’s (DoD) requesting millions of dollars in wish lists items on top of their annual budget submissions. Senator Warren also highlighted the need for her bipartisan and bicameral Streamline Pentagon Spending Act to eliminate the requirement to … Continue Reading
March 07, 2023
ICYMI: At Hearing, Senator Warren Calls out Chair Powell for Fed’s Plan to Throw At Least 2 Million People Out of Work
Washington, D.C. — At a hearing of the Senate Banking, Housing, and Urban Affairs Committee (BHUA), United States Senator Elizabeth Warren (D-Mass.) questioned Federal Reserve Chair Jerome Powell on the Fed’s monetary policy plan and its projection that the unemployment rate will rise sharply to 4.6% - more than a percentage point higher than it is today - by the end of the year if the Fed continues to raise interest rates. During the exchange, Senator Warren highlighted that the … Continue Reading
March 07, 2023
At Hearing, Warren Highlights New Data Showing Republican Attempts to Hold Debt Ceiling Hostage Jeopardizes Millions of Jobs
New Moody’s Analysis Shows Republican Spending Cuts Would Cost 2.6M Jobs, Trigger Recession“Our country (has) two options to deal with the national debt. We can raise trillions of dollars in new revenue without touching middle class families. Or we can cave in to Republican blackmail, wreck our economy, cut Medicare and Social Security, and cripple government programs that create jobs and invest in the middle class.”Tune inWashington, D.C. - Today, chairing a hearing of the … Continue Reading
March 07, 2023
At Hearing, Warren Calls out Wall Street Investors for Exploiting Tax Breaks to Buy Up Affordable Housing and Evict Families
“But some of our tax policies may actually make housing problems worse. Wall Street money managers have fanned out across the country, buying and converting what little supply of affordable homes remain - and they get tax breaks to do that… Any taxpayer money spent on housing should go towards fixing the problem, not making it worse.”Video of Hearing (Senator Warren at 02:19)Washington, D.C. - At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) called … Continue Reading
March 07, 2023
Warren, Castro Urge Department of Defense to Waive Civilians’ Medical Debt Incurred at Military Treatment Facilities
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Chair of the Personnel Subcommittee of the Senate Armed Services Committee, and Representative Joaquin Castro (D-Texas) sent a letter to the Department of Defense’s Assistant Secretary for Health Affairs Dr. Lester Martinez-Lopez and Director of the Defense Health Agency Lieutenant General Telita Crosland, urging the agency to waive civilian patients’ medical debts incurred at military treatment facilities, using statutory … Continue Reading
March 07, 2023
Warren Urges President Biden to Reject Republican Budget Cuts After New Analysis Shows Millions of Job Losses
| New Analysis from Moody’s AnalyticsWashington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), chair of the Senate Banking, Housing, and Urban Affairs Committee’s Subcommittee on Economic Policy sent a letter to President Joe Biden, urging him to put forward a budget that rejects Republican calls for tax breaks for the wealthy and massive cuts to key government programs. Senator Warren cites a new analysis from Moody’s Analytics finding that if Republicans trigger a default on … Continue Reading
March 06, 2023
Senators Warren and Markey Reintroduce Resolution Memorializing Those Lost to COVID–19
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.) reintroduced a resolution to memorialize those lost to COVID-19. The resolution would designate the first Monday in March as “COVID-19 Victims Memorial Day.” The resolution was first introduced in August of 2021.“Many of our families, friends, and communities are still struggling with the impact of COVID-19 and coping with the loss of loved ones the pandemic stole from us too soon,” said … Continue Reading