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Search resuls for: "Senators Warren"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSenators Warren and Hawley introduce a bipartisan bill to break up pharmacy-benefit managersCNBC’s Bertha Coombs joins ‘The Exchange’ to discuss a bipartisan bill introduced by Senators Elizabeth Warren and Josh Hawley aimed at breaking up pharmacy-benefit managers.
Persons: Senators Warren, Hawley, Bertha Coombs, Elizabeth Warren, Josh Hawley Organizations: Senators
A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.? REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Sept 25 (Reuters) - Elizabeth Warren, Bernie Sanders and four other U.S. senators are pressuring the U.S. Treasury Department to step up oversight and offer more guidance to financial institutions on addressing climate change risks threatening the U.S. financial system. The senators called on Treasury Secretary Janet Yellen and newly appointed climate counselor Ethan Zindler, a climate and clean energy research executive, to do more to protect the U.S. economy from what Yellen has described as the "existential threat" posed by climate change. The senators said they were particularly concerned about nonbank financial institutions, which also played a critical role in the 2008 global financial crisis, and said the FSOC should finalize and immediately implement a new analytic risk framework for climate-related financial risks. They also repeated earlier calls for stronger Internal Revenue Service enforcement of rules on political activity by nonprofit organizations, citing efforts by special interests to fuel climate change denial, and investigations into how such funding could be obstructing more action on the climate crisis.
Persons: Kevin Lamarque, Elizabeth Warren, Bernie Sanders, Warren, Martin Heinrich, Edward Markey, Sheldon Whitehouse, Jeffrey Merkley, Sanders, Janet Yellen, Ethan Zindler, Yellen, Andrea Shalal, Deepa Babington Organizations: Department of, U.S . Treasury, REUTERS, Rights, U.S . Treasury Department, Treasury, Democratic, Reuters, Internal Revenue Service, Thomson Locations: Washington , U.S, U.S
Opinion | A Bipartisan Plan to Limit Big Tech
  + stars: | 2023-08-09 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “We Have a Way for Congress to Rein In Big Tech,” by Lindsey Graham and Elizabeth Warren (Opinion guest essay, July 27):The most heartening thing about the proposal for a Digital Consumer Protection Commission is its authorship. After years of zero-sum legislative gridlock, to see Senators Warren and Graham collaborating is a ray of hope that governing may someday return to the time when opposing parties were not enemies, when each party brought valid perspectives to the table and House-Senate conference committees forged legislation encompassing the best of both perspectives. David SadkinBradenton, Fla.To the Editor:Senators Lindsey Graham and Elizabeth Warren propose a new federal mega-regulator for the digital economy that threatens to undermine America’s global technology standing. A new “licensing and policing” authority would stall the continued growth of advanced technologies like artificial intelligence in America, leaving China and others to claw back crucial geopolitical strategic ground.
Persons: Lindsey Graham, Elizabeth Warren, Warren, Graham, David Sadkin Organizations: Rein In Big Tech, Consumer Protection Commission Locations: Fla, America, China
Senator Elizabeth Warren (D-MA) listens during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, U.S., April 18, 2023. In addition to creating the regulatory commission, the proposed law would tighten antitrust law to forbid the companies from preferencing their own products over those of rivals. "This bipartisan bill would create a new tech regulator and makes clear that reining in Big Tech platforms is a top priority on both sides of the aisle," said Warren in a statement. Graham said the creation of the regulatory commission was "the first step in a long journey to protect American consumers from the massive power these companies currently wield." Amazon declined comment while Facebook and Google did not respond to a request for comment on the proposal.
Persons: Elizabeth Warren, Amanda Andrade, Rhoades, Lindsey Graham, Warren, Graham, Diane Bartz, Matthew Lewis Organizations: Banking, Housing, Urban Affairs, Capitol, REUTERS, WASHINGTON, Democrat, Republican, Facebook, Google, Big Tech, Federal Trade Commission, Digital Consumer Protection, Thomson Locations: Washington , U.S, Big Tech, Washington
Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks' cryptocurrency activity and ties to the industry following the implosion of crypto exchange FTX. "We write to express concern ... and to inquire about how your agency assesses the risks to banks and the banking system associated with those relationships," wrote the senators, both Democrats on the Senate Banking Committee. The letters asked for details on oversight of banks' cryptocurrency trading and loans to crypto firms, and asked if regulators plan to conduct a review of crypto firms' relationships with banks. They gave regulators two weeks to respond to their requests. Reporting by Ann Saphir; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
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