After the financial crisis, Congress decided that the bigger banks should be subject to more oversight than the smaller banks.
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.
So when we are talking about the risks that the $50 billion banks pose to the economy, we need to consider that not just one bank could go south at a time, but that two or three or four could be following similar business practices.
In fact, for over 10 years, Congress has been choking off vital funding for medical research and has reduced the buying power of the National Institutes of Health by nearly 25 percent.
So I do not think it is a good idea to ask them to do again what they previously failed to do spectacularly.
The House Republican budget and the Senate Republican budget were both released last week, and both say that they support medical research funding.
But what the Republican budgets actually do is lower the budget caps that are already crushing our research agencies.
Every single Member of Congress I've spoken with says that they support NIH and they support more medical research.
Surely there are areas where we need to strengthen Dodd-Frank to address new concerns or to address old problems that were previously overlooked.
That is a recipe for missing the buildup of excessive risk in the financial system and it reflects the kind of 'let the banks run free' mindset that created the last financial crisis.
I hope that the Chairman will be looking into concerns about the banks taking on more risks by speculating in commodities like aluminum and gold and oil, and also about increasing civil money penalty caps as two more ways to try to reduce…
I ask unanimous consent that the order for the quorum call be rescinded. The PRESIDING OFFICER. Without objection, it is so ordered. (The remarks of Ms. Warren pertaining to the introduction of S. 793 are printed in today's Record under…
I do not think Congress should take away that discretion from the Fed and simply exempt certain large regional banks from increased Fed scrutiny.
If Congress thinks enough time has passed to reopen Dodd-Frank, then we should consider ways to protect taxpayers and the economy, not grant give-aways that further tilt the playing field toward the bigger banks and make our financial…
I rise today to announce the introduction of the Bank on Students Emergency Loan Refinancing Act of 2015. This bill will allow student loan borrowers to take advantage of today's lower interest rates, and I urge my colleagues to support…
Since the day Dodd-Frank was enacted, banks have been looking for ways to chip away at it, roll it back.
Basically, it's a way to tie a patient to a system, to say the system is not going to share data anywhere else.
Health data ultimately belongs to the patient, not to EHR vendors, and an EHR vendor should not be permitted to 'hoard' patient data in order to gain a business advantage.
As you know, our electronic health record systems often have trouble matching a particular scan or a test result to the right patient, and those mismatches endanger patients.
In 2015, when cell phones can text pictures instantly around the globe, it just doesn't make sense that potentially lifesaving health information can't be transferred across the street.
The grid is aging. Much of the technology was developed by Thomas Edison and much of the structure was built shortly after World War II.
It seems past time to eliminate the perverse incentives and administrative barriers and just get this done.
If our technical experts are telling us that plugging more renewable energy into the system can help protect the grid in the face of these extreme weather threats, then we should make it a priority.
Well, our power grid has been reliable for so long that, for the most part, no one even thinks about it.
The standard prescription is that Americans should put more money aside. This recommendation glosses over a critical driver of unpreparedness. Wall Street is bleeding savers dry.
I support the effort of the Labor Department to try to get a fiduciary standard for broker-dealers, and I hope it comes through.





