Press Releases
Warren, Sanders Urge SEC to Immediately Remove and Replace Members of the Public Company Accounting Oversight Board
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) sent a letter to Security and Exchange Commission (SEC) Chair Gary Gensler requesting the SEC use its authority to immediately remove and replace the members of the Public Company Accounting Oversight Board (PCAOB), which sets standards for audits of public company financial statements required under Sarbanes-Oxley."We ask that you make full use of these authorities to undo the Trump administration's damage … Continue Reading
May 26, 2021
Warren Slams CEOs of the Nation's Largest Banks: You Got Breaks from the Government but Refused to Offer Just a Little Help to Struggling Families During the Pandemic
Washington, DC - In a Senate Banking, Housing, and Urban Affairs Committee hearing today, United States Senator Elizabeth Warren (D-Mass.) slammed the CEOs of four of the nation's largest banks -- JPMorgan, Wells Fargo & Co, Citi, and Bank of America -- for taking a collective $4 billion in overdraft fees from people during the pandemic. Senator Warren also urged the CEOs to refund the billions they took from struggling consumers during the pandemic: not agreed to do so.As the … Continue Reading
May 25, 2021
At Hearing, Treasury Nominees Agree with Warren on Need for Child Care Investments and IRS Enforcement
Washington, DC - At today's Senate Finance Committee nomination hearing, United States Senator Elizabeth Warren (D-Mass.) highlighted the critical need to invest in our child care system as the country heads towards a post-pandemic economic recovery and emphasized that her tax proposals, the Restoring the IRS Act, the wealth tax and real corporate profits tax, could more than pay for child care investments.At the hearing, Benjamin Harris, nominee to be Assistant Secretary of … Continue Reading
May 25, 2021
At Hearing, Warren Calls On The Biden Administration to Replace Quarles As Soon As His Term Is Up
Washington, DC - In a Senate Banking, Housing, and Urban Affairs Committee hearing today, United States Senator Elizabeth Warren (D-Mass.) questioned Randal K. Quarles, Vice Chairman for Supervision at the Board of Governors of the Federal Reserve System, about his decision to weaken supervision for large foreign banks including Credit Suisse, which suffered the largest losses from the implosion of the hedge fund Archegos. In 2020, Quarles, whose job at the Fed is to oversee the safety … Continue Reading
May 24, 2021
Warren Introduces IRS Bill to Stop Wealthy Tax Cheats and Close the Tax Gap
Washington, DC - Today, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, introduced the Restoring the IRS Act of 2021, which would provide the Internal Revenue Service (IRS) with the resources it needs to go after wealthy tax cheats and close the tax gap. The bill would rebuild and strengthen the IRS by permanently removing the IRS's base budget from the annual appropriations process and providing $31.5 billion in mandatory annual funding. This … Continue Reading
May 24, 2021
Warren, Colleagues Request Updates from Education Department on Actions taken to Protect Student Borrowers
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), and Richard Blumenthal (D-Conn.) sent a letter to Secretary of Education Miguel Cardona requesting updates on the Education Department's (ED) actions to protect students during the pandemic. The letter requests information on ED's plans for crucial upcoming decisions that will shape borrowers' experiences for years to come, including preparations for restarting student loan payments in … Continue Reading
May 24, 2021
Warren, Colleagues to Education Department: What Steps Are You Taking to Protect Students Vulnerable to For-Profit Colleges?
Washington, D.C. - U.S. Senators Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), and Richard Blumenthal (D-Conn.) sent a letter to Secretary of Education Miguel Cardona requesting updates on the Education Department's (ED) plans to conduct oversight of for-profit colleges and institutions of higher education that pose risks to students during the recovery from the COVID-19 pandemic.For far too long, for-profit institutions were allowed to take advantage of students … Continue Reading
May 21, 2021
Warren and Daines Reintroduce Bipartisan Bill to Upgrade America's Retirement Saving System
Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Steve Daines (R-Mont.) reintroduced the bipartisan Retirement Savings Lost and Found Act of 2021 to modernize the retirement system to protect Americans' savings by creating a national, online "lost and found" for Americans to track their retirement accounts as they move between jobs. "Millions of Americans lose thousands in savings each year because of lost retirement plans from previous employers and other … Continue Reading
May 21, 2021
NEW: Third SEC Commissioner Raises Concerns about Weak "10b5-1" Insider Trading Rules
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), and Chris Van Hollen (D-Md) today released a letter from Securities and Exchange (SEC) Commissioner Allison Herren Lee responding to their February 10, 2021 letter urging the SEC to review and consider reforming policies for "10b5-1" stock trading plans amid reports that executives are abusing these plans to obtain huge windfalls at the expense of ordinary investors. Under SEC rules, company … Continue Reading
May 21, 2021
Warren Statement on President Biden Calling for Climate-Related Risk Disclosures
Washington, DC - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, made the following statement regarding President Biden's executive order to direct agencies to analyze and mitigate climate risks: "The climate crisis threatens our communities and our economies and we cannot afford to ignore this threat. I've been calling for mandatory climate-related risk disclosures so that investors and the public have … Continue Reading
May 20, 2021
At Hearing, Warren Makes the Case for Expanding Supply of Affordable Housing
Washington, DC - At today's Senate Banking, Housing, and Urban Affairs Committee (BHUA) hearing, United States Senator Elizabeth Warren (D-Mass.) made the case for her American Housing and Economic Mobility Act, which would create a new housing innovation grant program to reduce exclusionary local zoning laws. President Biden has called for the elimination of exclusionary zoning and harmful land-use policies as part of the American Jobs Plan.At the hearing, U.S. Department of Housing and … Continue Reading
May 20, 2021
Warren, Colleagues to Biden Admin: Use All Tools to End Saudi Coalition's Blockade of Yemen
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), a member of the Senate Armed Services Committee (SASC), Patrick Leahy (D-Vt.), Chris Van Hollen (D-Md.), Bob Casey (D-Pa.), Edward J. Markey (D-Mass.), Kirsten Gillibrand (D-N.Y.), Bernie Sanders (I-Vt.), Sherrod Brown (D-Ohio.), Debbie Stabenow (D-Mich.), Tammy Baldwin (D-Wisc.), Patty Murray (D-Wash.), Alex Padilla (D-Calif.), Dianne Feinstein (D-Calif.), Gary Peters (D-Mich.), Maria Cantwell (D-Wash.), and Richard … Continue Reading
May 20, 2021
New Report from Warren, Colleagues: Universal Child Care Is Essential to the Post-Pandemic Economic Recovery
Washington, DC - Today, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, Senator Ron Wyden (D-Ore.), Chairman of the Senate Finance Committee, Senator Tina Smith (D-Minn.), a member of the Senate HELP Committee, House Appropriations Chairwoman Rosa DeLauro (D-Conn.), Assistant Speaker of the House Katherine Clark (D-Mass.), Congressman Mondaire Jones (D-N.Y.) and Congresswoman Sara Jacobs (D-Calif.) released a new report highlighting the … Continue Reading
May 20, 2021
Warren, Members of Massachusetts Congressional Delegation Statement on Biden Administration Decision to Terminate Immigration-Detention Agreements with Bristol County Sheriff’s Office
Washington, DC - United States Senators Elizabeth Warren (D-MA) and Edward J. Markey (D-MA), along with Representatives Richard E. Neal (D-MA-01), James P. McGovern (D-MA-02), William Keating (D-MA-09), Katherine Clark (D-MA-05), Ayanna Pressley (D-MA-07), Seth Moulton (D-MA-06), Lori Trahan (D-MA-03) and Jake Auchincloss (D-MA-04) released a joint statement on the decision of the Department of Homeland Security (DHS) to terminate its Intergovernmental Service Agreement (IGSA) and 287(g) … Continue Reading
May 19, 2021
At Finance Hearing, Warren Urges Senate to Pass Bipartisan Bill to Ensure Better Access to Hearing Health Care Services
Washington, DC - At today's Senate Finance Committee hearing, United States Senator Elizabeth Warren (D-Mass.) made the case for passing the Medicare Audiologist Access and Services Act, which she reintroduced today with Senators Chuck Grassley (R-Iowa) and Rand Paul (R-Ky.). The bipartisan bill would ensure seniors and people with disabilities on Medicare have access to a full range of hearing and balance health care services provided by licensed audiologists, who are trained and … Continue Reading
May 18, 2021
Warren Makes the Case for Investing in Green Infrastructure
Washington, DC - At today's Senate Finance Committee hearing, United States Senator Elizabeth Warren (D-Mass.) made the case for large-scale federal investments in infrastructure, as well as her Wealth Tax and other tax proposals as a way to pay for these investments. Right now, America is failing to adequately fund basic road maintenance and repairs, much less invest in transit modernization and electrification. This holds back our economy, contributes to the climate crisis, and harms … Continue Reading
May 14, 2021
Warren, Members of the Massachusetts Congressional Delegation Reiterate Request for Governor Baker Provide Relief Funds to Disproportionately Impacted Communities
WASHINGTON, D.C. - United States Senators Elizabeth Warren (D-MA) and Edward J. Markey (D-MA) along with Representatives James P. McGovern (MA-02), Stephen F. Lynch (MA-08), William J. Keating (MA-09), Katherine Clark (MA-05), Seth Moulton (MA-06), Ayanna Pressley (D-07), and Jake Auchincloss (MA-04) sent a letter to Governor Charlie Baker reiterating their request for the Commonwealth of Massachusetts to provide relief funds to disproportionately impacted communities that are in … Continue Reading
May 12, 2021
Warren Statement on House Financial Services Committee Passage of Climate Risk Disclosure Act
| Support Letter from 82 OrganizationsWashington, D.C. -- Today, United States Senator Elizabeth Warren (D-Mass.) released the following statement following the House Financial Services Committee passage of her and Rep. Casten's (D-Ill.) bill, the Climate Risk Disclosure Act: "We cannot afford to ignore the threats of the climate crisis, and it's time to fight back against giant corporations that want to pollute our environment and ask taxpayers to clean up the mess," said … Continue Reading
May 12, 2021
Warren to Tai at Hearing: Our Trade Negotiations Must Put Patients Over Big Pharma Profits
Washington, DC - At today's Senate Finance Committee, United States Senator Elizabeth Warren (D-Mass.) questioned United States Trade Representative (USTR) Ambassador Katherine Tai to address specifics about last week's announcement of support for a COVID-19 TRIPS Waiver. USTR committed only to negotiating a waiver on some international intellectual property (IP) rules for COVID-19 vaccines, but testing, treatment, and PPE are also vital to combating COVID-19. When drug companies draft … Continue Reading
May 12, 2021
Warren, Markey Applaud Nomination of Angel Kelley to U.S. District Court in Massachusetts
Washington, D.C. - President Biden announced that he has nominated Massachusetts Superior Court Judge Angel Kelley to serve on the United States District Court for the District of Massachusetts. Judge Kelley was recommended to Senators Elizabeth Warren and Edward J. Markey as a top candidate for the federal judicial vacancy by the bipartisan Advisory Committee on Massachusetts Judicial Nominations. "We were glad to recommend Judge Kelley to serve on the U.S. District Court for the District of … Continue Reading
