Press Releases
Warren Blasts Trump Administration Rule That Allows Lenders to Profit Off of Struggling Consumers and Urges Congress to Nullify the Rule in Coming Weeks
Washington, DC - In a Senate Banking, Housing, and Urban Affairs Committee hearing today, United States Senator Elizabeth Warren (D-Mass.) questioned Brian Brooks, Former Acting Comptroller of the Currency, who finalized the True Lender Rule under the previous administration that has helped lenders profit off of struggling consumers. In a "rent-a-bank" arrangement, a nonbank lender, like an online lender or a payday loan company that would usually be subject to usury laws, finds a bank … Continue Reading
April 27, 2021
ICYMI: At Hearing, Warren Questions Millionaire CEO Abigail Disney on Broken Tax System and Calls for Wealth and Real Corporate Profits Tax
Washington, D.C. - Today, during Senator Elizabeth Warren's (D-Mass.) first hearing as chair of the Senate Finance Committee's Subcommittee on Fiscal Responsibility and Economic Growth, Senator Warren held a debate about tax fairness. Highlights: Millionaire CEO Abigail Disney rejected earlier comments from billionaire Leon Cooperman, who declined to attend today’s hearing. Instead of “dumping on the American dream,” as Cooperman has said, Disney said a wealth tax like Senator Warren's … Continue Reading
April 27, 2021
Warren Calls on SEC to Investigate Potential Insider Trading by CEO of Emergent BioSolutions, Company That Ruined 15 Million Doses of Johnson & Johnson COVID Vaccine
Washington, D.C. - Today, United States Senator Elizabeth Warren (D-Mass.) sent a letter to Gary Gensler, Chair of the Securities and Exchange Commission (SEC) urging the agency to investigate Mr. Robert G. Kramer, president and CEO of Emergent BioSolutions (Emergent) - a biopharmaceutical company and contract manufacturer for the Johnson & Johnson vaccine. A new report based on SEC filings suggests that Mr. Kramer dumped $10 million of Emergent stock prior to disclosure of … Continue Reading
April 27, 2021
At Hearing, Warren Delivers Remarks on Tax System Fairness
While chairing her first Senate Finance subcommittee hearing, Warren made the case for her proposals a Wealth Tax, Real Corporate Profits Tax, and a mandatory funding stream for the IRS to ensure the wealthy and big corporations pay their fair share."These three big ideas alone would raise more than $6 trillion, enough to pay for every single penny of President Biden's American Jobs Plan, then pay for every single penny of his American Families Plan, and still have more than $2T left … Continue Reading
April 27, 2021
Warren, Durbin and Colleagues Urge President Biden To Issue Updated Presidential Determination With An Increased Refugee Admissions Target
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) joined Senate Majority Whip Dick Durbin (D-Ill.) and 32 other Senate colleagues in a letter to President Joe Biden asking him to issue an updated presidential determination with an increased refugee admissions target for the remainder of Fiscal Year (FY) 2021 as soon as possible. The senators also urged President Biden to set a target of at least 125,000 refugee admissions in FY 2022 and to set the refugee admissions target at … Continue Reading
April 27, 2021
Warren, Jones and Colleagues Reintroduce Universal Child Care and Early Learning Act and Call for President Biden to Invest $700 Billion in Child Care
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Congressman Mondaire Jones (D-NY-17) today reintroduced the Universal Child Care and Early Learning Act, a comprehensive and bicameral bill that will ensure that every family has access to high-quality, affordable child care and early learning opportunities by establishing a network of federally-supported, locally administered child care options. Joining the legislation as cosponsors are Senators Edward J. … Continue Reading
April 26, 2021
Warren, Baldwin, Duckworth And Colleagues Urge Biden Admin to Issue Delayed OSHA Emergency Temporary Standard for Workers
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Tammy Baldwin (D-Wisc.) and Tammy Duckworth (D-Ill.) led a group of colleagues in urging the Biden administration to issue the delayed Occupational Safety and Health Administration (OSHA) Emergency Temporary Standard (ETS) to finally provide workers with enforceable health and safety protections specific to COVID-19. OSHA has the statutory authority to issue an ETS to take immediate effect if workers are exposed to … Continue Reading
April 26, 2021
Warren Reintroduces Legislation to Extend Tribal Broadband Application Deadline
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) reintroduced the Extending Tribal Broadband Priority Act of 2021, legislation to expand the Federal Communication Commission's (FCC's) 2.5 GHz Rural Tribal Priority Window. Originally introduced last year with then-Congresswoman Deb Haaland (D-N.M.), this bill will allow tribal nations and Native Hawaiian organizations the time they need to apply for spectrum licenses for unassigned spectrum over their own … Continue Reading
April 23, 2021
Elizabeth Warren Statement on Recognizing the Armenian Genocide
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) released the following statement following reports that the Biden Administration plans to formally recognize the Armenian Genocide."I commend President Biden's decision to formally recognize the Armenian Genocide. Calling this atrocity what it was -- genocide -- is long overdue because we must recognize the horrors of the past if we hope to avoid repeating them in the future. This is an important human rights … Continue Reading
April 23, 2021
Warren, Smith, Padilla, Clark, Colleagues Urge Biden Administration to Invest $700 Billion in Universal Child Care in the American Families Plan
Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), and Alex Padilla (D-Calif.), and Assistant Speaker Katherine Clark (D-Mass.), along with Senators Ron Wyden (D-Ore.), Bernard Sanders (I-Vt.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Tammy Duckworth (D-Ill.), and 32 Members from the House of Representatives, are urging the Biden administration to include at least $700 billion over the next ten years for long-term, structural investments in … Continue Reading
April 23, 2021
Warren and Colleagues Reintroduce Historic Legislation to Confront America's Housing Crisis
Bicameral Legislation Would Produce Nearly 3 Million New Housing Units, Reduce Rents by 10% with No Deficit Impact; Bill Marks Important Step to Address the Racial Wealth Gap and Reduce Exclusionary Zoning Laws Read Letter of Support from the U.S. Conference of Mayors Read Letter of Support from Massachusetts Mayors Read Letter of Support from Civil Rights Groups Read Letter of Support from the National Rural Housing Coalition Read Letter of Support from Credit Union … Continue Reading
April 23, 2021
Warren Statement: Independent Watchdog Reveals Public Service Loan Forgiveness Program Is Failing Servicemembers and DoD Civil Servants
Washington, DC - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Armed Services (SASC) Committee, made the following statement regarding findings from a Government Accountability Office (GAO) report, which her NDAA amendment mandated, on the effectiveness of the Public Service Loan Forgiveness (PSLF) Program for individuals in military service and civilian careers at the Department of Defense (DoD): "The Public Service Loan Forgiveness Program is supposed to … Continue Reading
April 22, 2021
Warren, Smith Reintroduce Bill to Boost U.S. Pharmaceutical Manufacturing Capacity and End Over-Reliance on Foreign Countries for Critical Drugs
Bill Text | One-Pager Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Tina Smith (D-Minn.) are reintroducing the Pharmaceutical Supply Chain Defense and Enhancement Act -- comprehensive legislation that takes bold steps to reinvigorate the United States' manufacturing capacity and end the nation's reliance on foreign countries for critical drugs used by millions of Americans. "To defeat the current COVID-19 crisis and better equip the United States against future … Continue Reading
April 22, 2021
Warren, Rubio Reintroduce Bill to Assess Effects of America's Overreliance on Foreign Countries in Pharmaceutical Supply Chain
Legislation would require a report within one year of passageBill Text | One-PagerWashington, DC - United States Senators Elizabeth Warren (D-Mass.) and Marco Rubio (R-Fla.) are reintroducing the U.S. Pharmaceutical Supply Chain Review Act to direct the Federal Trade Commission (FTC) and the Secretary of the Treasury, acting through the Committee on Foreign Investment in the United States (CFIUS), to conduct a study on the United States' overreliance on foreign countries and the impact … Continue Reading
April 22, 2021
At Hearing, Warren Makes the Case for Using Federal Purchasing to Bolster Our Clean Energy Economy, Create Jobs, and Help Meet the Goal of Cutting US Emissions in Half by 2030
Washington, DC - In a Senate Banking, Housing, and Urban Affairs Committee hearing today, United States Senator Elizabeth Warren (D-Mass.) made the case for using the government's purse strings to help jumpstart the green economy and to meet our environmental priorities of reducing carbon emissions to help fight climate change -- and witnesses agreed. Warren's two plans, Green Procurement and BUILD GREEN, would do exactly that. In response to Senator Warren, former Secretary of … Continue Reading
April 21, 2021
Warren, Waters, Gillibrand Reintroduce Their Bill Requiring the Fed to Close Racial Employment and Wage Gaps
Bill Text | One-PagerWashington, DC - United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Financial Institutions and Consumer Protection, Representative Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, and Senator Kirsten Gillibrand (D-N.Y.) introduced the Federal Reserve Racial and Economic Equity Act to require the Federal Reserve to use its existing authorities to close … Continue Reading
April 21, 2021
Senators Warren and Markey Extend Deadline for Additional Applications for the US District Court for the District of Massachusetts
Washington, D.C. - In the wake of Judge William G. Young announcing his intention to retire from regular active service as a United States District Court Judge, United States Senators Elizabeth Warren (D-Mass.) and Edward J. Markey (D-Mass.) reconvened a bipartisan advisory committee last month to review and provide additional recommendations on federal District Court candidates from across Massachusetts. Candidates interested in applying for a U.S. District Court nomination who have not … Continue Reading
April 20, 2021
Warren, Warnock, Colleagues Urge Education Department to Automatically Rehabilitate All Federally-Held Student Loans in Default
Washington, DC - United States Senators Elizabeth Warren (D-Mass.) and Reverend Raphael Warnock (D-Ga.) led a group of Senate colleagues in a letter to Education Secretary Miguel Cardona urging the U.S. Department of Education to take swift action to automatically remove all federally-held student loan borrowers from default.Nearly 40 million federal student loan borrowers have been able to take advantage of a halt to payments, interest, and collections first passed under the Coronavirus … Continue Reading
April 20, 2021
In Bipartisan Letter, Senators Warren and Grassley Urge X12 Committee Finalize Its Unique Device Identifiers Recommendation for Medicare Claims Forms
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) sent a letter to the Accredited Standards Committee (X12), the committee that sets industry standards for commonly used medical forms, urging them to finalize their recommendation that Medicare claims forms include the device identifier portion of a medical device's unique device identifier (UDI), which are serial numbers that are used to identify specific types of medical devices, including … Continue Reading
April 20, 2021
Warren at Hearing: Targeting Audits at Wealthiest Americans & Big Corporations Also Reduces Implicit Bias in Our Tax System
Washington, DC - In a Senate Finance Committee hearing today, United States Senator Elizabeth Warren (D-Mass.) highlighted the importance of addressing racial inequities in the U.S. tax code, how implicit bias impacts the disparate auditing of low-income taxpayers, and the importance of ensuring that the IRS has the resources it needs to go after the biggest tax cheats. Senator Warren made a case for her forthcoming bill to provide a mandatory funding stream for the IRS. A recent report … Continue Reading