We need to do more to protect our seniors, but also particularly to make sure that financial advisors do not steer their clients into retirement products that maximize the advisors' profits while they drain away the clients' savings.
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.
Now, high-fee products may result in less money for our seniors, but, of course, they do mean more money, as you point out, for banks and other investment advisors.
If new legislation gives us no extra leverage and it increases the risk that the negotiations will blow up and it makes it harder for us to hold together an international coalition to keep Iran from getting a nuclear weapon, then I just…
If Congress passes another sanctions bill now during ongoing negotiations, will that give our negotiators any new leverage?
Right now, I believe our ongoing negotiations with Iran are the best hope for achieving that goal.
Would passing a sanctions bill now strengthen or weaken hardliners inside the Iranian Government who are hoping to blow up the negotiations?
I believe our ongoing negotiations with Iran are our best hope for achieving that goal.
We all share a common goal, and that is to prevent Iran from developing nuclear weapons.
Education is about building opportunity, and that's about making sure that Federal dollars go to the kids who most need the help to have a real chance to succeed.
Giving billions of dollars in Federal aid to States without requiring them to spend a dime of that money on helping our teachers is not a responsible use of Federal tax dollars, not good enough for our teachers and sure enough not good…
I don't support either move, but if I did, I'd have real problems with the Republicans' first proposal on health care, which would let corporations drop health care coverage for anyone working under 40 hours a week.
I'm against adding $53 billion to the deficit so that corporations can push their costs and responsibilities onto the government.
So for the past few years, Republicans have been very clear that they want to limit families' access to health care by slashing Medicaid and by cutting tax credits that families use to buy health insurance.
According to the Congressional Budget Office, the Republican proposal would increase the number of people on government health programs, including Medicaid and the subsidized exchange plans, by at least half-a-million people.
Throwing billions of Federal dollars at the States with no accountability for the States for how they spend taxpayer money is not what we were sent here to do.
Congress passes 'Smart Savings Act' to Strengthen Retirement Savings for Federal Employees.
A future cyber attack could paralyze the financial sector with devastating consequences for our economy.
Thank you for the very engaged, very open way that you have run this Committee and given us an opportunity to explore so many issues.
I am sorry. So, your monitoring of the chain is limited to telling the financial institutions to take a look at the chain? Is that what you are saying?
Oh, I am not talking about telling them which vendors to use. What I am just trying to understand is the process by which you are monitoring--the risk comes in all the way up and down the chain.
I think that we cannot just make this about the banks. It has got to be the whole chain here.





