In the News

Warner, Corker Introduce Bipartisan Bill to Maximize Taxpayer Returns of TARP Investments

~ Bill creates private market trust for TARP investments, sets end-date for gov’t ownership ~

Jun 22 2009

WASHINGTON, D.C. – U.S. Senator Mark R. Warner (D-VA) spoke on the Senate floor today about bipartisan legislation he has introduced with Senator Bob Corker (R-TN) that will maximize returns of taxpayer investments into TARP (Troubled Asset Relief Program) assisted institutions. The bill provides for a responsible exit strategy from government ownership of TARP-recipient companies, such as AIG, Citigroup, and General Motors.
Now a junior legislator, Warner is digging in to the grunt work of the Senate Banking Committee, where he has been staying below the radar, drawing on his successful experience in the private sector and working behind the scenes to try and help shape the panel’s approach to an overhaul of the nation’s financial regulatory structure — and in doing so, carve out a niche for himself in the Senate.
Senator Warner spoke on both Bloomberg TV and MSNBC's Morning Joe today about his idea to empower an independent council, rather than giving the additional responsibility to the Federal Reserve, to regulate systemic risk -- "the kind of thing that we couldn't necessarily predict," he said, such as the mess at AIG that played such a major role in the financial industry's near-collapse last fall.

Legislation focuses on end of life

The proposal seeks to reduce costs and offers incentives to facilities for palliative care accreditation.

Jun 15 2009

In an effort to curb health care spending and provide a better quality of life to terminally ill patients, U.S. Sen. Mark Warner has introduced legislation aimed at changing how end-of-life care is provided.