Press Releases

September 14, 2021

Warren to SEC Chair at Hearing: Regulators Need to Step Up to Address Crypto’s Regulatory Gaps and Ensure an Inclusive Financial System

Washington, D.C. - At today's Senate Banking, Housing, and Urban Affairs Committee hearing, United States Senator Elizabeth Warren (D-Mass.) argued that high and unpredictable fees in crypto present severe risks to investors who have the least money to lose.In response to her questions about fees on “decentralized” crypto exchanges and whether they present a path to greater financial inclusion, U.S. Securities and Exchange (SEC) Commission Chair Gary Gensler told Senator Warren that “it … Continue Reading

September 14, 2021

Warren and Brown Lead Letter Urging the Department of Education to Continue to Bolster Federal and State Oversight of Student Loan Servicers

Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Sherrod Brown (D-Ohio), along with Senators Cory Booker (D-N.J.), Chris Van Hollen (D-Md.), Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), Raphael Warnock (D-Ga.), and Tina Smith (D-Minn.), sent a letter to Department of Education Secretary Miguel Cardona in support of a recent re-interpretation of Department policy that will significantly enhance oversight and accountability of the student loan program and its … Continue Reading

September 14, 2021

Warren Slams Wells Fargo CEO, Calls on Fed to Revoke Bank’s Status as Financial Holding Company Amid Ongoing Failure to Meet Regulatory Requirements

WASHINGTON, D.C. — United States Senator Elizabeth Warren (D-Mass.), chair of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, sent a letter to Federal Reserve Chair Jerome Powell calling on the Fed to use its existing authority to revoke Wells Fargo’s status as a financial holding company (FHC) and require the company to separate its traditional banking activities from its nonbanking activities. Wells Fargo has a nearly two-decades-long record of swindling … Continue Reading

September 10, 2021

Warren Joins Colleagues Calling For Investigation into Amazon Treatment of Pregnant Workers

Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) joined Senator Kirsten Gillibrand (D-N.Y.) and Senate colleagues in sending a letter to U.S. Equal Employment Opportunity Commission (EEOC) Chair Charlotte Burrows requesting an investigation into allegations that Amazon denies reasonable accommodations for pregnant employees at its fulfillment centers. The senators requested that the EEOC investigate Amazon’s alleged failure to provide adequate modification of job duties … Continue Reading

September 09, 2021

Warren Statement on VA OIG Reports on Veteran’s Death and Quality of Care at Bedford VA Facility

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today released the following statement regarding two U.S. Department of Veterans Affairs (VA) Office of the Inspector General (OIG) reports. The results of the investigations follow Senator Warren’s calls into investigating the death of a veteran, Mr. Tim White, whose body was found one month after disappearing, and the ongoing lack of care at the Bedford VA. “I’m glad the VA Office of Inspector General conducted their … Continue Reading

September 08, 2021

Warren Investigation Finds Amazon Provides Consumers With COVID-19 Vaccine Misinformation in Search Results

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) sent a letter to Amazon CEO Andy Jassy regarding the alarming discovery that Amazon is peddling misinformation about COVID-19 vaccines and treatments through its search and “Best Seller” algorithms. This is the second time in six months that Senator Warren has identified Amazon practices that mislead consumers about COVID-19 prevention or treatment — earlier this year, she raised concerns that the company is providing … Continue Reading

September 02, 2021

Warren, Van Hollen, Gillibrand Release Treasury Climate Hub Response on Combating the Climate Crisis

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) issued the following statement following the Department of Treasury’s response to an earlier letter in which Senators Warren, Kirsten Gillibrand (D-N.Y.), and Chris Van Hollen (D-Md.) urged John Morton - the first Climate Counselor at the U.S. Department of the Treasury’s new Climate Hub - to take swift and aggressive action to tackle the climate crisis.“I'm glad that the Climate Hub is working to integrate climate action into … Continue Reading

September 02, 2021

Statement from Senators Warren, Markey on Massachusetts Receiving $175 Million in Funding for Broadband Projects

Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.) issued the following joint statement on Massachusetts receiving $175 million in American Rescue Plan funding through the Capital Projects Fund which will be used to provide broadband connectivity for the hardest hit communities. "The public health and economic crisis laid bare the urgent need to connect every home and business in the Commonwealth with affordable, high-speed broadband. This … Continue Reading

September 02, 2021

NEW: IRS Commissioner Letter Affirms Call for Substantially More Mandatory IRS Funding - and Bank Data - to Enforce Tax Code

| Warren Letter to RettigWashington, DC - United States Senators Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.), and Bernie Sanders (I-Vt.) today released a letter from Internal Revenue Service Commissioner Charles P. Rettig in response to their August 10, 2021 inquiries about revenue lost from tax avoidance by the wealthy and steps Congress must take to help the IRS enforce the tax code and deliver improved taxpayer services to all Americans. In the response to the Senators’ … Continue Reading

September 01, 2021

Warren Statement on Biden Administration Plans to Increase Affordable Housing Supply

Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.), a member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement regarding President Biden’s announcement of multiple steps to increase the supply of affordable housing which include provisions of her and Representatives Emanuel Cleaver's (D-Mo.) bill, the American Housing and Economic Mobility Act: “I’m very glad to see the Biden administration take action I called for in … Continue Reading

September 01, 2021

Warren, Markey Call on Army Corps of Engineers to Include Project Labor Agreement Option for MIT Lincoln Lab Modernization

Washington, D.C. - Today, United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.) sent a letter to the U.S. Army Corps of Engineers (USACE) seeking information about whether the USACE request for proposals (RFP) for the construction of the new Compound Semiconductor Laboratory and Microsystem Integration Facility (CSL-MIF) at the Massachusetts Institute of Technology’s (MIT) Lincoln Laboratory includes the option for a Project Labor Agreement (PLA). The lawmakers … Continue Reading

September 01, 2021

Warren, Blumenthal, Jayapal, Jones Urge DOJ to Investigate Alleged Bid-Rigging Scheme Between Google and Facebook

Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) and Representatives Pramila Jayapal (D-Wash.) and Mondaire Jones (D-N.Y.) sent a letter to the Department of Justice (DOJ) urging an investigation into an alleged 2018 bid-rigging scheme, called Jedi Blue, between Google and Facebook executives. The lawmakers’ letter follows disturbing reports of a deal in which Google sought to kill a new industry innovation called “header bidding,” which … Continue Reading

August 13, 2021

Warren, Davids, and Colleagues Urge IHS to Implement Protections for Those Experiencing Indian Boarding School Era Trauma

Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) and Congresswoman Sharice Davids (D-Kan.) led a letter to the Indian Health Service (IHS) requesting that the agency ensure that culturally appropriate supports are in place for survivors and communities affected by the Indian Boarding School Policies. In the letter, they commend Secretary of the Interior Deb Haaland’s recent announcement of the Federal Indian Boarding School Initiative, while urging IHS to … Continue Reading

August 13, 2021

NEW Op-ED: How to Fix Our Rigged Tax System

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) published an op-ed in The Washington Post on how to raise trillions in revenue to pay for the reconciliation package and then some, by making the wealthy and well-connected and giant corporations pay their fair share.Read the full op-ed here and see excerpts below.The Washington Post: How to Fix Our Rigged Tax System August 12, 2021 By Elizabeth Warren Now that the Senate has passed a budget resolution, we’re one step … Continue Reading

August 12, 2021

NEW: FTC Chair Khan Shares Warren's Concerns About Giant Defense Industry Mergers

Response from Chair Khan | Warren Letter to FTC Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today released a response from Federal Trade Commission (FTC) Chair Lina Khan to the Senator’s July 16th letter raising questions about national security and competitiveness concerns with regard to giant defense industry mergers.Senator Warren asked the FTC chair to re-evaluate the effectiveness of the antitrust agency’s use of behavioral remedies to protect competition and … Continue Reading

August 12, 2021

Warren and Duckworth Seek Answers from DoD on Report of “Extreme Food Insecurity” Among National Guard and Reserve Service Members

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Tammy Duckworth (D-Ill.), both members of the Senate Armed Services Committee (SASC), sent a letter to Defense Secretary Lloyd J. Austin, III following reports describing “extreme food insecurity” among National Guard and Reserve service members. The senators are requesting information regarding the scope of hunger among these service members, the extent to which widespread hunger among troops and their families … Continue Reading

August 11, 2021

Warren Releases Response from SEC Chair Gensler Affirming Need to Regulate Cryptocurrency Exchanges and Protect Investors and Our Financial System

Response from Chair Gensler | Warren Letter to SECWashington, DC - United States Senator Elizabeth Warren (D-Mass.), chair of the Senate Banking, Housing, and Urban Affairs Committee's Subcommittee on Economic Policy, today released a response from Securities and Exchange Commission (SEC) Chair Gary Gensler to her July 7th letter on the need to regulate cryptocurrency exchanges and protect consumers from risks posed by the highly volatile cryptocurrency market. Gensler’s letter … Continue Reading

August 11, 2021

Warren, Bennet, Khanna, Phillips to Introduce the CBO FAIR Scoring Act

Washington, DC - Today, United States Senators Elizabeth Warren (D-Mass.) and Michael Bennet (D-Colo.), and Representatives Ro Khanna (D-Calif.) and Dean Phillips (D-Minn.) announced that they will introduce the Congressional Budget Office (CBO) Fiscal Analysis by Income and Race (FAIR) Scoring Act, legislation that seeks to provide policymakers with standardized, non-partisan data about the real-world effects of their policies. This bill would allow legislators to formally consider the … Continue Reading

August 10, 2021

Warren, Whitehouse, Sanders Call for Improved IRS Taxpayer Services and Fair Tax Enforcement on Wealthy Tax Cheats in the Budget Reconciliation Infrastructure Package

Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.), and Bernie Sanders (I-Vt.) sent a letter to Internal Revenue Service (IRS) Commissioner Charles P. Rettig regarding the importance of providing the resources the IRS needs to go after wealthy tax cheats and provide faster and better service to the majority of Americans who are paying their fair share. The senators requested information regarding the benefits of investing in the IRS and the … Continue Reading

August 09, 2021

Warren, Booker Reintroduce Bill to Crack Down on Bank Overdraft Fees

Overdraft fees disproportionately fall on customers who are least able to afford themWASHINGTON, D.C. — United States Senators Elizabeth Warren (D-Mass.) and Cory Booker (D-N.J.) reintroduced legislation to crack down on exploitative overdraft fees that banks charge consumers when they make a purchase or pay a bill, but don’t have sufficient funds in their account.The Stop Overdraft Profiteering Act of 2021 would ban overdraft fees on debit card transactions and ATM withdrawals, and limit … Continue Reading

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