Press Releases

May 10, 2013

Sen. Warren's Remarks at HELP Committee Hearing on Pharmaceutical Compounding

WASHINGTON, DC - At a Senate Health, Education, Labor, and Pensions (HELP) Committee hearing today (5/9), Sen. Warren discussed the ongoing public health threat posed by inadequate regulation of the pharmaceutical compounding industry. Massachusetts was home to New England Compounding Center, the compounding pharmacy responsible for a fungal meningitis outbreak that killed 53 people and made 733 ill. "As the senior Senator from Massachusetts, I feel a special duty to ensure that we do … Continue Reading

May 08, 2013

Fact Sheet: Bank on Students Loan Fairness Act

To view a one-page fact sheet with information about the Bank on Student Loans Fairness Act, please click here. The full text of the bill may be viewed … Continue Reading

May 08, 2013

Senator Warren Introduces Legislation Extending to Students Same Interest Rates Enjoyed By Big Banks

WASHINGTON, DC - In a speech delivered on the floor of the United States Senate today, Senator Elizabeth Warren called on Congress to stop student loan interest rates from doubling this summer and introduced her first piece of stand-alone legislation, which would allow students to pay the same interest rate on their government loans as big banks. On July 1st of this year, student loan interest rates are set to jump from 3.4 to 6.8 percent, while banks can borrow from the Federal Reserve's … Continue Reading

May 07, 2013

Senator Warren Calls for Repeal of Sequester

WASHINGTON, DC - United States Senator Elizabeth Warren is advocating for the Job Preservation and Sequester Replacement Act, a bill sponsored by Senator Sheldon Whitehouse that would repeal sequestration by closing corporate tax loopholes and passing the Buffett Rule. This legislation would level the playing field so that middle class families, children and seniors, are no longer supporting tax breaks for millionaires and billion dollar companies. "Sequestration is ugly. It attacks our most … Continue Reading

May 03, 2013

USDA Announces Plan to Purchase Up to $5 Million of Cranberry Concentrate

WASHINGTON, DC - United States Senators Elizabeth Warren and William "Mo" Cowan, along with Congressmen James McGovern, William Keating, and Joseph P. Kennedy III, today applauded the decision of the United States Department of Agriculture (USDA) to purchase up to $5 million of cranberry concentrate for federal nutrition assistance programs, including food banks. "I'm pleased the USDA has announced plans to buy cranberry products for federal nutrition assistance programs," said Senator Warren. … Continue Reading

May 02, 2013

Senator Warren, Senate Colleagues Send Letter Urging Action by President Obama to End Veterans' Disabilities Claims Backlog

WASHINGTON, DC - On Monday, April 29th, United States Senator Elizabeth Warren (D-MA) signed onto a bipartisan letter with 66 of her Senate colleagues urging President Obama to take action to end the current Department of Veterans Affairs (VA) disability claims backlog. "Our men and women in uniform serve our country with honor and courage, putting themselves in harm's way to protect us," said Senator Warren. "We have an obligation to do all we can to support our veterans and their families, … Continue Reading

May 01, 2013

$248,000 in FEMA Grants to Assist First Responders in Orleans, Sudbury and Winthrop

WASHINGTON, D.C.- Senators Elizabeth Warren and William "Mo" Cowan and Congressmen Ed Markey and Bill Keating announced today that the Federal Emergency Management Agency (FEMA) has awarded grants totaling $248,000 to help meet firefighting and emergency response needs in the cities of Orleans, Sudbury and Winthrop. "These grants will help ensure that firefighters have the resources and equipment they need to be ready in times of emergency and to protect our families, cities, and towns," said … Continue Reading

May 01, 2013

Statement from Sen. Elizabeth Warren on the Nomination of Mel Watt for FHFA Director

WASHINGTON, DC - United States Senator Elizabeth Warren (D-MA) today released the following statement on President Obama's decision to nominate Mel Watt to serve as Director of the Federal Housing Finance Agency (FHFA): "The President has made an excellent choice in nominating Mel Watt to be Director of the Federal Housing Finance Agency (FHFA). Congressman Watt is a thoughtful policymaker with a deep background in finance and a long record as a champion for working families. The Senate … Continue Reading

April 30, 2013

Statement from Sen. Warren on NOAA Announcement Cutting Fish Catch Allocations

WASHINGTON, DC - U.S. Senator Elizabeth Warren released the following statement today following the announcement by the National Oceanic and Atmospheric Administration (NOAA) of significant cuts to catch allocations for Massachusetts fishermen: "These painful cuts will be felt far beyond the docks and will impose economic hardship on our coastal communities. I am frustrated that the Administration rejected our calls to issue an interim rule that would have balanced protecting the fishing … Continue Reading

April 29, 2013

Senators Warren and Cowan Urge Action by President Obama to Support Massachusetts Fishermen

WASHINGTON, DC - On Thursday, April 25th, United States Senators Elizabeth Warren (D-MA) and William "Mo" Cowan (D-MA) sent a letter to President Barack Obama urging immediate action to aid Massachusetts fishermen. The full text of the letter may be viewed here. In September 2012, the Secretary of Commerce issued disaster declarations for several fisheries, including the Northeast groundfish fishery. The industry currently faces devastating reductions in catch allocations for key fish stocks … Continue Reading

April 27, 2013

Statement from Senators Warren and Cowan on SBA's Economic Injury Disaster Loan for Boston Businesses

WASHINGTON, DC - On April 27, 2013, Senators Elizabeth Warren and William "Mo" Cowan released statements in support and appreciation of the Small Business Administration's announcement of Economic Injury Disaster Loans made available to Boston businesses impacted by last week's attacks in Boston. In the aftermath of the bombings near the finish line of the Boston Marathon, a 12-block area surrounding the explosions was identified as a crime scene by the Federal Bureau of Investigations (FBI) … Continue Reading

April 25, 2013

MassDevelopment Awarded $40 Million in New Markets Tax Credits

WASHINGTON, DC - U.S. Senator Elizabeth Warren applauds the decision of the Community Development Financial Institutions (CDFI) Fund to award a New Markets Tax Credit (NMTC) of $40 million to MassDevelopment New Markets LLC. The Massachusetts delegation sent a letter to Treasury Secretary Jack Lew in support of MassDevelopment's application and initiatives to stimulate development in low-income communities. The award will allow MassDevelopment to receive a credit against federal income taxes … Continue Reading

April 17, 2013

Massachusetts Congressional Delegation Introduces Resolution on Boston Marathon Attacks

WASHINGTON - The Massachusetts Congressional Delegation today introduced a resolution honoring the victims of the bombings at Monday's Boston Marathon, recognizing the first responders who helped those in need, and committing to provide all necessary resources to bring the perpetrator or perpetrators to justice. The full text of the resolution is below, and a link to a copy of the resolution can be found HERE: RESOLUTION Condemning the horrific attacks of April 15, 2013, in Boston, … Continue Reading

April 17, 2013

Letter from Senator Elizabeth Warren on the Tragedy in Boston

Each year, during the Boston Marathon, Bostonians are one family. We cheer for each other. We help each other across the finish line. Marathon Monday is always a day of great celebration, but two days ago it was turned into tragedy. When terror strikes, we are one family. We cry together. We pray together. We help each other together. On Monday, on Boylston Street and throughout Boston, people helped however they could. They carried each other, opened their homes, and gave comfort and support … Continue Reading

April 16, 2013

Information and Resources on the Tragedy in Boston

For information and resources on the tragedy in Boston, please visit the Massachusetts Emergency Management Agency website … Continue Reading

April 10, 2013

Warren and Cummings to OCC and Federal Reserve: Illegal Foreclosures are Not ‘Corporate Trade Secrets’

Washington, DC (April 10, 2013)-Today, Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry challenging the decision by agency staff not to provide any documents in response to a requestfrom the Members of Congress seeking documents relating to … Continue Reading

April 09, 2013

Bipartisan Group of Senators Urges Financial Regulators to Prioritize Rules and Regulations that Help End “Too Big To Fail”

WASHINGTON-U.S. Senators Bob Corker, R-Tenn., Sherrod Brown, D-Ohio, Elizabeth Warren, D-Mass., David Vitter, R-La., and Susan Collins, R-Maine, today wrote to Federal Reserve Governor Daniel K. Tarullo, Comptroller of the Currency Thomas Curry, and Chairman of the FDIC Martin Gruenberg, urging them to "proceed deliberately and expeditiously" to finalize rules regarding capital requirements for large financial institutions and to ensure that should a large institution fail, the losses … Continue Reading

April 08, 2013

Statement from Senator Warren on National Retirement Planning Week

WASHINGTON, DC- U.S. Senator Elizabeth Warren (D-MA) released the following statement today in recognition of National Retirement Planning Week, which is being held April 8th - April 12th, 2013: "National Retirement Planning Week is a great chance for Massachusetts families to review their savings and retirement plans. It's important to begin planning early for retirement to ensure financial security and comfort later in life. Families can take time this week to think about their savings and … Continue Reading

March 28, 2013

Mass. Delegation Unanimous in Support for Universal Gun Background Checks

WASHINGTON, D.C. - In honor of the Mayors Against Illegal Guns Coalition's "National Day to Demand Action," all eleven members of the Massachusetts congressional delegation today pledged their support for universal gun background checks as a common sense reform to help end gun violence. "It is long past time for the Senate to pass common sense gun control measures that will help protect our kids and make our communities safer," said Sen. Warren. "I applaud the leadership of Mayor Menino and … Continue Reading

March 25, 2013

Warren and Cummings to Meet with Fed and OCC on Foreclosure Abuses

Washington, D.C. (March 25, 2013) - Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry accepting their proposal for a meeting to discuss the requests Warren and Cummings have made for documents relating to mortgage servicer abuses identified as part of the Independent Foreclosure Review. "Criminal activity should not be shielded by regulators as if it constitutes … Continue Reading

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