That is why I will be introducing legislation to strengthen regulators' ability to impose fines and penalties, to clawback bonuses, and to ban executives who caused bank failures from working at another bank ever again.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
We must, quote, 'strengthen the rules for banks to make it less likely that this kind of bank failure would happen again.'
I hope that from now on, those who have no problem with Government intervention to protect their own livelihoods will think a little bit harder about what their warped version of the free market has done to workers in Ohio.
That is why I will be introducing legislation to strengthen regulators' ability to impose fines and penalties, to clawback bonuses, and to ban executives who caused bank failures from working at another bank ever again.
We need better laws here in Congress but let us also talk about how we can strengthen the rules today even before Congress acts.
Executives at SVB and Signature took wild risks and must be held accountable for exploding their banks.
I urge you to use that authority and I urge my colleagues here in Congress to do our part to protect American families and small businesses from yet another banking crisis.
This text should be public, and the next tranche of digital text that you are planning to discuss with partners next month should also be public.
When deals like the IPEF are negotiated in secret, it means that members of Congress who are trying to pass laws to rein in big tech cannot tell what you are or are not giving away.
You do not just enforce existing trade rules. You are also currently leading negotiation on digital rules in the Indo-Pacific Economic Framework.
This text should be public, and the next tranche of digital text that you are planning to discuss with partners next month should also be public.





