I am glad that the Fed finally--finally--determined that some of these living wills were not credible.
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.
I think it is important to get them done right and that everyone has a chance to have their voice heard in this process.
I do not think that shortening the comment period at the expense of public input is the way to accomplish that.
I think Republicans and Democrats alike agree that the current system is broken.
If it were either financial services companies or representatives of financial services companies doing it, that kind of now starts to sound like a conflict of interest potentially here.
By letting them pool, you not only can bring down on the cost side, but you can now negotiate for a package that is a better package than any one employer could do.
I wanted to dive in a little bit, if I could, into the Massachusetts plan, just because it gives us an example, a very concrete example, about a need and at least how we addressed it and what you've seen from that.
The Department of Labor requires all employers in a multiple employer plan to share a very close relationship.
These workers often do not have access to a retirement plan from their employer, so this new State plan, we believe, is going to fill an important gap, helping tens of thousands of workers in Massachusetts build some savings for their…
America is in a retirement crisis. Years of a middle class squeeze are taking a huge toll so that, today, families are hitting their retirement years with less savings and more debt than ever before.
Five out of six children who could see their life chances improved are simply being left behind.
We just need to put up the money to do it, and, today, that's just not happening.
Child care and early childhood education is one of the areas where we really know that Federal investment pays off.
A year ago I called your leadership at the SEC 'extremely disappointing.' Today I am more disappointed than ever.
Information overload is a problem that was invented to justify a project aimed at making life easier for big companies and harder for investors.
The National Chamber of Commerce, which represents the giant companies that have to do the disclosing.
I am frustrated that, at your direction, the SEC has voluntarily spent 2 years trying to address a problem that you have no evidence exists.
I cannot find, and you have not produced, a single investor who has complained to the SEC about receiving too much information.





