Press Releases

WASHINGTON — U.S. Sen. Mark R. Warner (D-VA) released the below statement on Randal Quarles, President Trump’s nominee to be the Federal Reserve's Vice Chairman for Supervision:

“While Mr. Quarles and I do not agree on every issue—such as his support for a rigid monetary policy rule that would have hamstrung the Fed’s response to the financial crisis—I believe he is well qualified to be the top regulator at the Fed.  I expect his experience in public service and the private sector will aid him in the development of financial regulatory policy.  In my role on the Senate Banking Committee, I look forward to working with him to ensure we have a financial regulatory system that promotes growth and stability, and maintains the tools included in Dodd Frank to wind down large financial institutions.  As I’ve done with Mr. Quarles, I will be carefully reviewing the credentials and views of any future Fed nominees.  The President should seek candidates who can gain bipartisan support.”

Warner discusses new jobs initiative with Virginia small business owners, bankers

~Highlights efforts to boost access to capital so they can hire and grow~

Jun 18 2010

RICHMOND – U.S. Sen. Mark R. Warner (D-VA) met today with Virginia small business owners and lenders to discuss his specific efforts to help small businesses grow and put more Virginians back to work. Since last fall, Senator Warner has worked closely with the White House to design new tools to help small businesses access needed capital to help strengthen the economic recovery.

Warner, Kaufman Ask Dodd to Direct SEC, CFTC to Report on May 6 Market Slide

Senate should underline importance of needed elements in agencies’ review

May 07 2010

WASHINGTON, DC — Senators Ted Kaufman (D-DE) and Mark Warner (D-VA) on Friday proposed an addition to the Senate’s Wall Street reform bill that would direct the Securities and Exchange Commission and the Commodity Futures Trading Commission to report to Congress on several key issues surrounding the May 6, 2010 market meltdown, which sent the Dow Jones Industrial Average tumbling dramatically in minutes. High-frequency-trading algorithms have been the initial focus of questions concerning the collapse.

Bipartisan Senate Approval for Sen. Warner's Framework for Ending Taxpayer Bailouts of Wall Street Firms

~ 93-to-5 vote in support of ending bailouts, ‘too big to fail’ ~

May 05 2010

WASHINGTON, D.C. – The U.S. Senate voted 93-5 today to adopt provisions of the Wall Street reform bill that were crafted by U.S. Senator Mark R. Warner (D-VA) in partnership with Senator Bob Corker (R-TN) for the orderly liquidation of financial firms deemed “too big to fail,” and to prevent any future taxpayer-funded bailouts of large, interconnected firms that get into financial trouble.
WASHINGTON – Legislation introduced in June by U.S. Senators Bob Corker (R-TN) and Mark Warner (D-VA) got a major boost today with a Congressional Oversight Panel report recommending that the U.S. Treasury Department “consider placing its GM and Chrysler shares in an independent trust that would be insulated from political pressure and government interference.”

Warner, Corker Bill Gives FDIC Authority to Wind-Down Bank Hold Companies

~Bipartisan bill is an interim step to address broader regulatory reform~

Jul 30 2009

WASHINGTON – U.S. Senator Mark R. Warner of Virginia joined Senator Bob Corker of Tennessee today in introducing legislation giving the FDIC authority to resolve, or wind down, bank holding companies, an important interim step toward addressing broader regulatory reform. The senators, both members of the Senate Banking Committee, say the FDIC needs this additional authority to fill a glaring regulatory gap that has come to light over the last 18 months.