Press Releases
Statement from Senator Warren on Final SEC Standards of Conduct Rules
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today issued the following statement on the U.S. Securities and Exchange Commission's (SEC) final standards of conduct rules for investment professionals:"The SEC's new rules make it easier for Wall Street to cheat families out of their hard-earned life savings," said Senator Warren. "The rules fail to ban conflicts of interest, leave open gaping loopholes, and, despite their deceptive name, don't require financial … Continue Reading
June 04, 2019
Senator Warren, Reps. Pressley and Porter Investigate Reports that Education Department Seeks to Develop Income Share Agreements in Risky New Student Debt Experiments
Washington, DC - United States Senator Elizabeth Warren (D-Mass.), member of the Senate HELP and Banking Committees, and Representatives Ayanna Pressley (D-Mass.) and Katie Porter (D-Calif.), both members of the House Financial Services Committee, today sent a letter to the Department of Education expressing concern about reports that the Department is exploring an experiment with Income Share Agreements (ISAs) in federal higher education programs, and seeking to learn more about the … Continue Reading
May 31, 2019
Warren Opens Investigation into Private Detention Accreditation System After Widespread Reports of Substandard Conditions & Safety Concerns in Multiple Facilities
"Perverse incentives, conflicts of interest and a failure to adequately oversee conditions at private detention facilities have put detainees in danger."Letter to DHS | Letter to BOP | Letter to ACA | Letter to Private Detention OperatorsWashington, DC - United States Senator Elizabeth Warren (D-Mass.) has opened an investigation into the accreditation process for private detention operators following widespread reports of mismanagement and poor conditions for detainees in facilities … Continue Reading
May 31, 2019
Senator Warren, Rep. Ocasio-Cortez Press Investor Eddie Lampert on Reports He Seeks to Renege on $43 Million in Severance Payments to Laid-Off Sears Workers
Washington, DC - Yesterday, United States Senator Elizabeth Warren (D-Mass.) and Representative Alexandria Ocasio-Cortez (D-N.Y.) sent a letter to Eddie Lampert, ex-CEO and Chairman of Sears Holdings, who recently bought the company's assets out of bankruptcy, expressing alarm about reports that he is seeking to back out of an agreement to pay $43 million in severance payments for thousands of dedicated Sears employees who were laid off since the company filed for bankruptcy. Earlier this … Continue Reading
May 28, 2019
Warren, Loebsack Question Private Firms' Predatory Management of Manufactured Housing Communities
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Representative Dave Loebsack (D-Iowa) today sent letters to the investment firms behind some of the country's largest manufactured housing communities (MHC) to request information about their use of predatory practices to boost profits in the communities they own. Senator Warren and Representative Loebsack sent letters to Stockbridge and Havenpark Capital, following recent reports highlighting the abusive practices of … Continue Reading
May 28, 2019
Warren, Markey, Lynch Applaud $35 Million in New Markets Tax Credits to Mass. Housing Investment Corporation
Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.), along with Representative Stephen F. Lynch (D-Mass.), today applauded the announcement of a New Markets Tax Credit (NMTC) award of $35 million to the Massachusetts Housing Investment Corporation NE New Markets CDE II LLC (MHIC). The tax credit, awarded through the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), will spur investment and … Continue Reading
May 23, 2019
Senator Warren Leads Colleagues Questioning Intuit's Deceptive Practices That Led Low- and Middle-Income Taxpayers to Pay Unnecessary Fees
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) led her colleagues in sending a letter to Intuit Chief Executive Officer Sasan Goodarzi asking him to respond to reports that Intuit is deceiving American taxpayers about their tax filing options by deliberately directing them to costly profit-generating products, rather than to the free tax-filing option the company has agreed to provide eligible taxpayers. The lawmakers noted that the reports raise serious questions … Continue Reading
May 23, 2019
Senator Warren, Rep. Ocasio-Cortez Question Secretary Mnuchin's Involvement in Predatory Practices that Led to Sears Bankruptcy, Loss of Tens of Thousands of Jobs
Washington, DC - Today, U.S. Senator Elizabeth Warren (D-Mass.) and U.S. Representative Alexandria Ocasio-Cortez (D-N.Y.) sent a letter to Treasury Secretary Steven Mnuchin, questioning his involvement in dubious financial engineering and other managerial decisions that enriched investment company executives while decimating Sears' long-term growth and sustainability -- ultimately resulting in Sears' bankruptcy and the loss of tens of thousands of jobs.Senator Warren and Rep. … Continue Reading
May 22, 2019
Warren, Espaillat, Colleagues Reintroduce Legislation to Provide Stable Housing for Survivors of Natural Disasters
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Representative Adriano Espaillat (D-N.Y.) today led 10 of their Senate and House colleagues in reintroducing legislation that enables survivors of major natural disasters to receive housing assistance. The Housing Survivors of Major Disasters Act of 2019 comes after a string of natural disasters that created housing crises, including Hurricanes Maria and Irma, Hurricane Florence, the flooding of the Missouri River … Continue Reading
May 22, 2019
Warren Demands Answers from U.S. Customs and Border Protection Following Recent Deaths of Children Detained at Border
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) yesterday sent a letter to John P. Sanders, Acting Commissioner of U.S. Customs and Border Protection (CBP), regarding reports over the past week that two children died in CBP custody. The fatalities are the fourth and fifth reported deaths in the last six months of children who had been held by CBP, with three fatalities just in the month of May. "The deaths of five children who had been in CBP care in six months … Continue Reading
May 21, 2019
Senator Warren Submits Questions for the Record Regarding Deutsche Bank Suspicious Activity Reports
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) submitted questions for the record to federal regulators and law enforcement officials following their testimony at today's Senate Banking, Housing, and Urban Affairs Committee hearing, "Combatting Illicit Financing By Anonymous Shell Companies Through the Collection of Beneficial Ownership Information." Senator Warren posed a series of questions to determine whether the regulators believe Deutsche Bank violated federal … Continue Reading
May 21, 2019
Senator Warren, Rep. Kennedy Reintroduce Behavioral Health Coverage Transparency Act, Legislation to Prevent Discrimination Against Patients Seeking Mental Health and Addiction Care
| Op-Ed Washington, DC - Today, United States Senator Elizabeth Warren (D-Mass.) and Representative Joe Kennedy III (D-Mass.) will lead their colleagues in the Senate and House in reintroducing their legislation, the Behavioral Health Coverage Transparency Act, to increase oversight and enforcement to ensure that insurance companies cover behavioral health benefits and services on par with physical health benefits and services. "Patients with behavioral health concerns deserve the same … Continue Reading
May 21, 2019
Sens. Warren, Portman Introduce Legislation to Improve Safety of American Students Abroad
Washington, DC - U.S. Senators Elizabeth Warren (D-Mass.) and Rob Portman (R-Ohio) today introduced bipartisan legislation - the American Students Abroad Act - to improve the sharing of information between the Department of State and the Centers for Disease Control and Prevention (CDC) about the deaths of American students that occur while they are studying abroad. Specifically, the bill will require the Department of State to produce quarterly reports from U.S. Embassies and … Continue Reading
May 20, 2019
Senators Warren, Markey & Representatives Keating, Garamendi Introduce Legislation to Improve the Resilience and Capacity of Evacuation Routes
Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.), along with Representatives William Keating (D-Mass.), and John Garamendi (D-Calif.), today reintroduced the Enhancing the Strength and Capacity of America’s Primary Evacuation Routes (ESCAPE) Act, legislation that dedicates $1 billion of federal resources to expand the capacity and improve the resilience of the nation’s evacuation routes. Damage to critical transportation arteries has … Continue Reading
May 17, 2019
Senators Warren and Ernst Introduce Bipartisan Bill to Improve Study of Blast Exposure Injuries in Servicemembers
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Senator Joni Ernst (R-Iowa) yesterday introduced their bill, the Blast Pressure Exposure Study Improvement Act, to improve research on traumatic brain injury (TBI) among servicemembers and strengthen capacity to track and prevent blast pressure exposure. The legislation builds on an amendment Senator Warren introduced in the Fiscal Year 2018 National Defense Authorization Act (NDAA) that required the Department of … Continue Reading
May 16, 2019
Senators Warren and Murray Lead Colleagues Expressing Support for Agreement That Will Help Military Borrowers Receive the Zero Interest Student Loan Benefit They Are Owed
Washington, DC -- United States Senator Elizabeth Warren (D-Mass.) and United States Senator Patty Murray (D-Wash.), Ranking Member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, led seventeen of their Senate colleagues today in sending a comment letter to the Department of Defense (DOD) Acting Secretary of Defense Patrick Shanahan expressing strong support for the newly-proposed DOD and Department of Education data matching agreement, which will allow eligible … Continue Reading
May 16, 2019
Senators Warren and Brown Lead Colleagues Questioning Student Loan Companies on their Non-Cooperation with Federal and State Regulators
Washington, DC -- United States Senator Elizabeth Warren (D-Mass.) and Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Sherrod Brown (D-Ohio) led a group of Senate colleagues, including U.S. Senate Democratic Whip Dick Durbin (D-Ill.), Senator Kirsten Gillibrand (D-N.Y.), and Senator Sheldon Whitehouse (D-R.I.), sending a letter today to the three largest federal student loan servicing companies, Navient, Nelnet, and The Pennsylvania Higher Education Assistance … Continue Reading
May 16, 2019
Senator Warren Introduces New Legislation to Strengthen Ethics and Transparency at the Defense Department
Washington, DC - United States Senator Elizabeth Warren (D-Mass.), member of the Senate Armed Services Committee, will introduce today The Department of Defense Ethics and Anti-Corruption Act, legislation to limit the influence of contractors on the military, constrain foreign influence on retired senior military officers, and assert greater transparency over contractors and their interaction with the Department of Defense (DoD). The bill is consistent with Senator Warren’s vision for a 21st … Continue Reading
May 15, 2019
Warren Joins Wyden, Bicameral Coalition to Introduce Bill to Require States to Secure Elections
Washington, DC -- United States Senator Elizabeth Warren (D-Mass.) joined Senator Ron Wyden (D-Ore.), along with eleven Senate co-sponsors, today introducing an expanded version of the Protecting American Votes and Elections (PAVE) Act to protect American elections from foreign interference by mandating hand-marked paper ballots and setting new cybersecurity standards for all federal elections. The bill provides the strongest protection for American elections of any proposal currently … Continue Reading
May 15, 2019
At Senator Warren's Urging, OCC Confirms it Will Conduct Oversight of Wells Fargo CEO Hiring Process
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today released a letter she received from the Office of the Comptroller of the Currency (OCC) in which Comptroller Joseph Otting confirmed that the OCC would exercise its statutory authority to review the selection of a new chief executive officer (CEO) of Wells Fargo. The letter from OCC came in response to a letter sent by Senator Warren last month in which she urged Comptroller Otting to use that authority … Continue Reading
