Press Releases

Sens. Warner & Corker ask Holder to Clarify "Too Big to Jail" Comments

~ Bipartisan letter: “No institution, individual or executive should be above the law” ~

Mar 12 2013

Sens. Mark R. Warner (D-VA) and Bob Corker (R-TN), members of the Senate Banking Committee, wrote to U.S. Attorney General Eric Holder today asking him to clarify his "too big to jail" remarks, comments he made last week regarding enforcement actions on money laundering and terrorism financing activities based on the size of the culpable institution.
Senators Warner (D-Va.) and Pat Toomey (R-Pa.) today led a bipartisan letter to Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marty Gruenberg and Comptroller of the Currency Tom Curry urging financial regulators to consider the impact new Basel III capital standards would have on community banks.

Menendez, Reed, Warner, Merkley lead call for FHFA to fix flawed study on principal reductions

Taxpayers and homeowners deserve fair and complete answers, the Senators wrote

Apr 04 2012

Senator Warner led a group of 30 Senators today calling on Acting Director of the Federal Housing Finance Agency (FHFA) Edward DeMarco to provide Congress with an accurate analysis of the effects on taxpayers of using principal forgiveness versus other mortgage modification options such as principal forbearance for loans backed by Fannie Mae and Freddie Mac.

Senators introduce bipartisan Volcker fix to ease market confusion

Links effective date to regulators completing their work

Mar 22 2012

Senators Mike Crapo (R-ID), Mark Warner (D-VA), Pat Toomey (R-PA), Kay Hagan (D-NC), Tom Carper (D-DE) and Bob Corker (R-TN) today introduced bipartisan legislation that provides for the implementation of the Volcker rule after the agencies have issued their final rules, rather than two years after the date Dodd-Frank was signed into law.

Sen. Warner introduces job creation bills promoting tech-start up & IPOs

~ Bipartisan legislation targets talent, capital and university R&D ~

Dec 08 2011

Senator Warner today introduced bipartisan legislation that would update regulatory and tax policies to encourage entrepreneurs and innovators to launch new companies, creating jobs and broadening economic opportunities. Today's initiative builds upon bipartisan legislation Senator Warner introduced last week that is designed to make it easier for growing companies to access investment capital.

Sen. Warner cosponsors bipartisan plan to make it easier for growing firms to go public

Reforms Would Spur Job Creation by Boosting Smaller Companies’ Access to Capital

Dec 02 2011

Senators Warner, Mike Crapo (R-Idaho), Pat Toomey (R-PA) and Charles Schumer (D-NY) today announced a bipartisan plan to make it easier for growing firms to go public so they can expand and create jobs. The proposal would make it easier for small and medium-sized companies to access capital through public markets.

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.

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 exitstrategy from government ownership of TARP-recipient companies, such as AIG, Citigroup, and General Motors.