Elizabeth Warren

It is legal to do that, and I think that's what the regulators say. It's legal.

It is hard, really hard, to save for retirement, and the stats bear this out.

The question is whether the law should be changed.

It is now perfectly legal for retirement advisors to give advice that boosts their own incomes by selling lousy products to their clients.

Hardworking Americans who manage to pull together some money for their retirement should be able to trust that their retirement advisors are looking out for them.

Almost one-third of Americans on the edge of retirement have zero savings, and another third have less than a year's worth of income put away.

It's time to level the playing field.

Dodd-Frank requires big financial institutions to submit living wills, a plan for how they could be liquidated--and I want to quote the statute here--``in a rapid and orderly fashion'' in bankruptcy without bringing down the economy or…

I raise this because the living wills are one of the primary tools the Fed has to make sure that taxpayers will not be on the hook if one of these giant banks fails.

The first, which every Republican on this Committee supported, is to raise the threshold to $500 billion--that is, cut loose about 30 or so of the biggest banks in this country, and just hope for the best.

The other approach is to play it safe. Keep the threshold where it is and rely on the Fed to tailor the rules to fit the risks posed by these different banks.

I introduced a Medical Innovation Act that could boost the NIH budget by 20 percent. It is not enough, but it is a start.

the report that the CFPB recently released contains some damning findings about how forced arbitration clauses fundamentally tilt the process against consumers.

American workers have fought long and hard to improve their lot--banning child labor, better safety on the job, minimum wage, and an 8-hour workday. Unions often led these fights, but their efforts also helped tens of millions of workers…

there is some public acknowledgment for the companies who treat their customers well and resolve their complaints quickly.

I ask unanimous consent that Lindsay Owens from my staff be given privileges for the remainder of the 114th Congress. The PRESIDING OFFICER. Without objection, it is so ordered.

Yes, although I take it it certainly does have financial ramifications to get your credit report fixed.

Here we are, we see the costs imposed, and yet you have got, effectively, about 24 percent less money to work with than you had 10 years ago for the kind of research that you are doing.

If we are serious about saving lives through research and saving money, then Congress has to step up and make a real commitment of real dollars.

I am concerned the NIH may not even get that much. Before this bill passed the House, a section requiring the appropriators to continue to fund the NIH at current levels was taken out.

Families struggling with diabetes, with Parkinson's, with Alzheimer's, other serious conditions, deserve more than lip service from Congress.

Thank you very much, Senator Collins.

NIH funding overall is down 25 percent since 2003. That means for NIH we are investing about $12.5 billion less in medical research this year than if we had just kept up with inflation over the last decade.

This is really a terrific annual event.

If we could prevent diabetes from occurring and reduce the severity of the disease, that would result in a tremendous cost savings.