Elizabeth Warren Profile picture
Mar 7, 2018 19 tweets 11 min read Twitter logo Read on Twitter
The Senate is expected to pass the #BankLobbyistAct – with Democratic support. But I'm not going down without a fight. ​I've sponsored a series of amendments to fix major flaws in the bill and add important consumer protections. Here are all 17:
1. Amend the #BankLobbyistAct to prevent rolling back rules on banks that received over $1 billion in taxpayer bailouts during the 2008 crisis. They already wrecked our economy once – we can't let them do it again.
2. Amend the #BankLobbyistAct to prevent rolling back rules on banks that are under Justice Department supervision after being busted for breaking the law. They broke the rules already – they shouldn't be rewarded with less oversight.
3. Amend the #BankLobbyistAct to prevent rolling back rules on banks that were fined over $10 million by regulators in the last 10 years. These banks have caused enough damage already – think of the harm they could do with even fewer rules.
4. Amend the #BankLobbyistAct to prevent rolling back rules on banks that have outsourced more than 50 jobs in the last 5 years. Congress should reward keeping jobs here at home – not do favors for banks that move jobs overseas.
5. Amend the #BankLobbyistAct to prevent banks that receive regulatory rollbacks as a result of this bill from buying back stock for 5 years. Why would we loosen the rules on big banks just so they can shower more money on wealthy shareholders and executives?
6. Amend the #BankLobbyistAct to prevent banks that receive regulatory rollbacks from this bill from merging or acquiring another bank for 5 years. Loosening the rules on these big banks will lead to more consolidation in the banking industry unless Congress prohibits it.
7. Amend Section 301 of the #BankLobbyistAct to include the FREE Act – which I introduced after the #EquifaxBreach to allow Americans to freeze their credit files without paying fees to the credit reporting agencies. washingtonpost.com/news/the-switc…
8. Amend the #BankLobbyistAct to include a bill I introduced to impose automatic penalties on credit bureaus like @Equifax for data breaches. fortune.com/2018/01/10/eli…
9. Amend the #BankLobbyistAct to include my bill banning the use of credit reports in hiring. cbsnews.com/news/should-em…
10. Amend the #BankLobbyistAct to include the bipartisan 21st Century Glass-Steagall Act that would break up the biggest banks. warren.senate.gov/newsroom/press…
11. Amend the #BankLobbyistAct to expand the CARD Act to keep students safe from predatory financial products on college campuses.
12. Amend the #BankLobbyistAct to ban the use of mandatory arbitration clauses in contracts for student loans.
13. Amend the #BankLobbyistAct to include the Sunlight in Workplace Harassment Act – a bill I introduced to require publicly-traded companies to disclose workplace harassment & discrimination settlements. buzzfeed.com/lissandravilla…
14. Amend the #BankLobbyistAct to include additional protections for student borrowers against loan servicers, lenders, and holders.
15. Amend the #BankLobbyistAct to include consumer protections for student borrowers who take out private loans to finance their education.
16. Amend Section 303 of the #BankLobbyistAct to keep seniors safe from financial abuse while still protecting them from bank scams.
17. Amend Section 401 of the #BankLobbyistAct so it doesn't provide big banks with the giant legal loophole they need to challenge how the Fed regulates them. thehill.com/opinion/financ…
If we're going to vote on the #BankLobbyistAct – we should vote on each of these amendments so the American people know whose side their senators are on: Working families or big banks.

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More from @SenWarren

Oct 3, 2018
Exhibit #237 of why anyone running for federal office should have to disclose their tax returns. Congress needs to pass my legislation to #EndCorruptionNow, which would force candidates (and @realDonaldTrump) to make their tax returns public. nyti.ms/2P6S6mK?smid=n…
.@realDonaldTrump was the 1st presidential candidate in 40 years not to make his tax returns public. Maybe because he got over $400M from his dad to start out & probably committed tax fraud. @nytimes’ reporting is likely just the tip of the iceberg – what else is he hiding?
If @realDonaldTrump was willing to go to such incredible lengths to hide how he really “made” his fortune – what’s stopping him now from bilking the presidency and American taxpayers for everything they’re worth?
Read 6 tweets
Sep 25, 2018
Rural housing in the US is falling apart. Decades of federal discrimination have excluded generations of Blacks from homeownership. Housing costs for everyone, everywhere, are skyrocketing – while America's wealthiest families shield billions from taxes. I have a plan to fix it.
I’m introducing the American Housing & Economic Mobility Act to build 3 million new homes in 10 years, bring down monthly rents by 10%, & create 1.5 million jobs. By asking 10k of the richest families to pay their fair share, it doesn’t add to the deficit. warren.senate.gov/imo/media/doc/…
My new bill:
✅Makes record investments to build homes including in rural areas.
✅Gets localities to scrap zoning rules that make housing more expensive.
✅Helps first-time homebuyers in formerly redlined areas.
✅Offers relief to families still struggling after the 2008 crash.
Read 4 tweets
Sep 3, 2018
On the eve of Labor Day weekend, only days before the start of Brett Kavanaugh’s hearing, @realDonaldTrump announced he would stop the Senate from reviewing over 100k pages of Kavanaugh’s records from the White House Counsel’s Office. #WhatAreTheyHiding nyti.ms/2Caj0s4?smid=n…
.@realDonaldTrump's 11th hour move to hide Brett Kavanaugh’s record is unprecedented. When Justice Kagan was nominated, NONE of her WH records were withheld because of executive privilege. So what's in these documents? And why is Trump so eager to bury them? #WhatAreTheyHiding
The Constitution directs the Senate to provide advice and consent on all judicial nominees. We cannot effectively fulfill that duty when @realDonaldTrump refuses to disclose Kavanaugh's record. Senate Republicans know this, too – they just don't care. #WhatAreTheyHiding
Read 5 tweets
Aug 26, 2018
John McCain was fiercely devoted to his family, his constituents, and his country. My heart goes out to his family and loved ones during this difficult time. As a nation, we all share in the sense of emptiness his passing has left behind.
John McCain and I disagreed on many things, and sometimes quite forcefully. But even when we disagreed, I always respected that his heart was focused on doing what he thought was best for the American people.
Democrat or Republican, foreign leader or President of the US, John McCain would go toe to toe with anyone to fight for what he thought was right. At a time when character & integrity are under siege, we all mourn the loss of a public servant who lived with courage & conviction.
Read 4 tweets
Aug 21, 2018
Corruption in Washington isn’t a small problem – and we can’t fight it with small solutions. I’m about to unveil my legislation to #EndCorruptionNow and put a stop to it once and for all. Watch live here:
Our government systematically favors the rich over the poor, the donor class over the working class, the well-connected over the disconnected. This is deliberate, and we need to call it for what it is – corruption, plain and simple. #EndCorruptionNow
Today, I’m introducing the most ambitious anti-corruption legislation proposed in Congress since Watergate. This is an aggressive set of reforms that would fundamentally change the way Washington does business. #EndCorruptionNow
Read 21 tweets
Aug 16, 2018
My big new bill, the Accountable Capitalism Act, would restore the idea that big American companies should look out for their workers, not just their shareholders. Why do we need to pass this bill? Just look at what’s happened since the #GOPTaxScam passed. vox.com/2018/8/2/17639…
The #GOPTaxScam showered more than a trillion dollars on big American corporations – a huge windfall for wealthy shareholders and executives. But workers have seen their real wages go DOWN. washingtonpost.com/news/wonk/wp/2…
Let’s look at some individual companies: @WellsFargo got a $3.4 billion boost from the #GOPTaxScam. It turned around and announced plans to close 900 branches, while rewarding executives and shareholders with tens of billions of dollars in stock buybacks.
Read 5 tweets

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