The FSOC designation process is critically important to ensuring the safety of our financial system and guarding against another crisis.
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.
Alzheimer's forces families to watch helplessly as their loved ones slip away.
Now earlier this year, I introduced the Medical Innovation Act, a bill that would boost NIH funding by about $6 billion a year.
I have often wondered how the regulators would calculate the benefits of avoiding another financial crisis.
So I do not think it is a good idea to ask them to do again what they previously failed to do spectacularly.
After the financial crisis, Congress decided that the bigger banks should be subject to more oversight than the smaller banks.
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.
Every single Member of Congress I've spoken with says that they support NIH and they support more medical research.
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.
It doesn't matter what Republicans say about supporting innovation if their budgets actually cut support for NIH.





