Press Releases
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
May 10, 2022
Warren, Jayapal, Colleagues Introduce Bill to Reform Broken Judicial Ethics System
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.) and Congresswoman Pramila Jayapal (D-Wash.) introduced the bicameral Judicial Ethics and Anti-Corruption Act to overhaul our nation’s judicial ethics laws and restore public faith in our court system. In the U.S. Senate, the legislation is cosponsored by Senators Ron Wyden (D-Ore.), Edward J. Markey (D-Mass.), Bernie Sanders (I-Vt.), Jeff Merkley (D-Ore.), Alex Padilla (D-Calif.), and Tina Smith (D-Minn.). In the U.S. … Continue Reading
May 10, 2022
Warren Leads Bipartisan Letter Urging Treasury to Swiftly Implement Corporate Transparency Act to Support Russian Sanctions
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, Chuck Grassley (R-Iowa), Sheldon Whitehouse (D-R.I.), Marco Rubio (R-Fla.), Ron Wyden (D-Ore.), Chair of the Senate Finance Committee, Bob Menendez (D-N.J.), and Bill Cassidy (R-La.) sent a bipartisan letter to Treasury Secretary Janet Yellen and Acting Director of the Financial Crimes Enforcement Network (FinCEN) Himamauli Das, calling on the Treasury Department (Treasury) to … Continue Reading
May 10, 2022
Warren Statement on Google’s Efforts to Block Antitrust Chief Jonathan Kanter From Conducting Antitrust Investigations
Washington, D.C. — United States Senator Elizabeth Warren (D-Mass.), released the following statement about Google’s efforts to block Jonathan Kanter, Assistant Attorney General of the Department of Justice Antitrust Division, from conducting antitrust investigations: "The President picked Jonathan Kanter as his top antitrust lawyer precisely because of his deep experience enforcing antitrust law, and it's absurd to suggest that experience somehow disqualifies him from doing his … Continue Reading
May 09, 2022
New Op-Ed: Elizabeth Warren: I Am Angry But Determined to Protect Roe
Washington, DC - Senator Elizabeth Warren (D-Mass.) published an op-ed in Marie Claire on the Dobbs v. Jackson Women’s Health Organization draft opinion, the potential impact if the landmark Roe v. Wade and Planned Parenthood v. Casey rulings are overturned, and the need for Congress to enshrine the right to an abortion in federal law. Read the full op-ed here and below. Marie Claire: Elizabeth Warren: I Am Angry But Determined to Protect RoeMay 9, 2022By Elizabeth Warren Roe v. Wade … Continue Reading
May 05, 2022
Warren, Thompson, Introduce Legislation to Address Federal Disaster Response Inequities
Washington, D.C. - Today, in the midst of Hurricane Preparedness Week, Senator Elizabeth Warren (D-Mass.) and Rep. Bennie G. Thompson (D-Miss.), Chairman of the Committee on Homeland Security, introduced the Federal Emergency Management Advancement of Equity Act (or FEMA Equity Act) to address systemic inequities in the Federal government’s response to disasters and how it distributes assistance. Although low-income communities and communities of color are more likely to be impacted by … Continue Reading
May 05, 2022
At Hearing, Warren, Experts Debunk Myths About Student Loan Borrowers, Call for President Biden to Cancel Student Debt
The Facts: Majority of Student Loan Debt is Held By Families With Zero Wealth, 99.7% of Borrowers Didn’t Attend Ivy League Schools and 40% Didn’t Finish College, Student Debt Cancellation Won’t Fuel Inflation Warren: “We need to stop listening to out-of-touch pundits and politicians whose biggest worry is that we might help working people too much.”Video: Round One of Questions | Video: Round Two of QuestionsWashington, D.C. - At a hearing of the Senate Committee on Banking, Housing, … Continue Reading
May 05, 2022
Warren Questions Fidelity on Plans to Allow Bitcoin Investments for 401(k) Plans
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.) a member of the Senate Banking, Housing, and Urban Affairs Committee, and Senator Tina Smith (D-Minn.), sent a letter to Abigail Johnson, CEO of Fidelity, regarding Fidelity’s decision to allow Bitcoin investments for 401(k) plans. In the letter, the Senators ask the company to explain why they have failed to heed the Department of Labor's (DOL) warning about 401(k) crypto investments and raise concerns about potential conflicts … Continue Reading
May 04, 2022
At Hearing, Warren Calls Out JPMorgan Chase, Bank of America, and Wells Fargo For Continuing to Collect Billions in Overdraft Fees
Warren Calls for Passage of Stop Overdraft Profiteering ActWarren: “Chase, Bank of America, and Wells Fargo are making tens of billions of dollars in profits, and yet they are still squeezing families on overdraft fees.”Video of HearingWashington, D.C. - At a hearing of the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, U.S. Senator Elizabeth Warren (D-Mass.) called out three of the nation’s largest banks - … Continue Reading
May 04, 2022
Warren, Booker, Maloney Blast JPMorgan Chase, Bank of America, and Wells Fargo for Continuing to Profit From Overdraft Fees that Target Low-Income Americans
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, Senator Cory Booker (D-N.J.), and Representative Caroline Maloney (D-N.Y) sent letters to JPMorgan Chase, Bank of America, and Wells Fargo, calling on them to end their use of overdraft fees, which disproportionately harm low-income Americans. Collectively, the three banks accounted for 44% of overdraft and non-sufficient fund fees collected by big banks in … Continue Reading
May 03, 2022
Warren Releases Academic Experts' New Analysis Showing Widespread Benefits of Student Debt Cancellation
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.) shared a new analysis on the benefits of various levels of student debt cancellation on student loan borrowers. The analysis was prepared by Dr. Charlie Eaton, Assistant Professor of Sociology at the University of California Merced, along with co-authors from UC Merced and Princeton University. The analysis shows that student debt cancellation would deliver substantial relief and opportunity to millions of borrowers and … Continue Reading
April 29, 2022
ICYMI: At Hearing, Warren Presses Pentagon on Wasteful Service Contracting Spending, Does Not Get Answers
Department of Defense Unable to Answer Warren’s Questions About Total Number of Contractors and Five-Year Expected CostsWarren: “We have a defense industry where these contractors have a long history of lining their pockets at taxpayer expense. And if we’re not collecting the data and making smart decisions, then we’re going to just continue to see runaway spending without more effectiveness in making our military work.”Video of HearingWashington, D.C. - In case you missed it, at a hearing of … Continue Reading
April 28, 2022
ICYMI: Following Senator Warren’s Floor Speech, Republican Attempts to Undermine Title X Fail
Washington, D.C. - In case you missed it, United States Senators Elizabeth Warren (D-Mass.) delivered a Senate floor speech yesterday to fight back against Republican attempts to reinstate the Trump-era Title X gag rule. Shortly after her speech, the vote failed to pass in the Senate. The full text of her remarks is available below.Remarks by Senator Elizabeth Warren April 27, 2022Senator Elizabeth Warren: Mr. President:For more than 50 years, the Title X Family Planning program has … Continue Reading
April 28, 2022
Sen. Warren, Reps. Khanna, Crow, Jacobs, Malinowski Lead Colleagues to Introduce Bicameral Legislation to Overhaul Prevention and Transparency of Civilian Harm from U.S. Military Operations
Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Armed Services Committee, and United States Representatives Ro Khanna (D-Calif.), Jason Crow (D-Colo.), Sara Jacobs (D-Calif.), and Tom Malinowski (D-N.J.) announced two pieces of bicameral legislation that would overhaul the prevention, mitigation, reporting, and transparency of civilian harm caused by U.S. military operations. The lawmakers will introduce the Department of Defense … Continue Reading
April 27, 2022
ICYMI: Warren, Child Care Provider, Small Business Owner, and Economist Call for Investments in High-Quality, Affordable Universal Child Care to Expand Workforce and Fight Inflation
Warren: “The American economy depends on working parents. And working parents depend on child care. But our child care system is in crisis, and that’s keeping parents out of the workforce, which in turn limits our productive capacity and contributes to inflation.”“It’s critical that we invest in high-quality, affordable child care for every American family. It's going to lower the cost for those families and help make our economy more productive.”Washington, D.C. - In case you missed it, … Continue Reading
April 26, 2022
At Hearing, Warren Calls for Investments in High-Quality, Affordable Universal Child Care to Expand Workforce and Fight Inflation
Video of Remarks | Tune in HereWashington, D.C. - Today, chairing a hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy, Senator Elizabeth Warren (D-Mass.) delivered remarks about the importance of investing in high-quality and affordable child care, which would help get millions of parents back into the workforce - driving productivity, putting downward pressure on prices, and fighting inflation. Senator Warren argued that the lack of affordable, … Continue Reading
April 26, 2022
Warren to CFPB Director Rohit Chopra: Break Up Wells Fargo, Cheating Consumers is in Bank’s DNA
Washington D.C. — During a Senate Committee on Banking, Housing and Urban Affairs hearing exchange with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, United States Senator Elizabeth Warren (D-Mass.) highlighted the need to hold Wells Fargo and other repeat offenders of financial consumer protection laws accountable. Senator Warren reiterated her calls for the Federal Reserve to use its authority to break up the large bank. This exchange follows Director Chopra’s … Continue Reading
April 26, 2022
Senators Warren, Menendez, Reed Blast Zelle Parent Company on Failure to Address Consumer Fraud and Scams
Washington D.C. — U.S. Senators Elizabeth Warren (D-Mass.), Robert Menendez (D-N.J.), and Jack Reed (D-R.I.) questioned Early Warning Systems, LLC, the parent company of the money transfer platform Zelle about disturbing reports of widespread fraud and scams on the platform, and the ongoing failure by Zelle and the big banks that own this service to address the scams and provide appropriate redress to defrauded consumers. Early Warning Systems, LLC. is owned by seven of the U.S.’s largest … Continue Reading
April 25, 2022
Senator Warren Leads Effort Pushing Pentagon on Accountability for Civilian Harm
Washington, D.C. - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Armed Services Committee (SASC), and Senators Edward J. Markey (D-Mass.), Patrick Leahy (D-Vt.), Richard J. Durbin (D-Ill.), Jeffrey A. Merkley (D-Ore.), Bernie Sanders (I-Vt.), and Chris Van Hollen (D-Md.) sent a letter to Secretary Lloyd J. Austin, III, urging the Department of Defense (DoD) to consider certain issues in its ongoing efforts to address systemic weaknesses regarding instances of … Continue Reading
April 25, 2022
Warren, Warnock, Colleagues Ask Department of Education for its Plans to Provide a "Fresh Start" to Student Loan Borrowers in Default
Washington, D.C. - United States Senators Elizabeth Warren (D-Mass.), Raphael Warnock (D-Ga.), Cory Booker (D-N.J.), Chris Van Hollen (D-Md.), Richard Blumenthal (D-Conn.), Tammy Baldwin (D-Wis.), Dick Durbin (D-Ill.), and Bernie Sanders (I-Vt.), sent a letter to Secretary of Education Miguel Cardona, asking the Department of Education (ED) for details about its plans to implement its plan to give a “fresh start” to student loan borrowers in default before loan payments resume after … Continue Reading