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elizabeth warren
Warren, Scott Propose Lifetime Lobbying Ban for Ex-Lawmakers
“It’s simple: Members of Congress should spend their time in Washington serving the American people, not preparing to cash in big time with a cushy lobbying career after they leave office,” said Sen. Elizabeth Warren.
May 14, 2026
US Sens. Elizabeth Warren and Rick Scott introduced a bipartisan bill on Thursday to permanently ban members of Congress from becoming lobbyists after leaving office.
Right now, ex-lawmakers are given just a brief "cooling-off" period before they are allowed to return and lobby their former colleagues—one year in the House of Representatives and two years in the Senate.
According to OpenSecrets, about 41% of former members of the 117th Congress have gone on to work for a lobbying firm or client, which Warren (D-Mass.) said raises the prospect that they're "thinking about how they can make money in their next gig while in office."
The bill she co-introduced with Scott (R-Fla.), known as the Banning Lobbying And Safeguarding Trust (BLAST) Act, would replace the cooling-off periods with a permanent ban, forbidding former lawmakers from registering as lobbyists or engaging in the activities that would require them to do so.
It also bans ex-congresspeople from making lobbying contracts, which are often used as loopholes to avoid formal registration.
Those who violate the act could face up to five years in prison for knowing and willful violations.
“It’s simple: Members of Congress should spend their time in Washington serving the American people, not preparing to cash in big time with a cushy lobbying career after they leave office,” Warren said. “It’s long past time to close the revolving door that’s corrupted our government and destroyed public trust in elected officials. This bipartisan bill is an important push to get that done.”
While Warren has a long record of seeking to limit the influence of money in politics, Scott's presence as a cosponsor was a head-scratcher for many observers.
A former healthcare CEO whose company was hit with the largest healthcare‑fraud settlement in US history, he has always been a reliable partner to corporate interests and has been cited as one of the top Republican recipients of fossil fuel and defense industry money.
Nevertheless, Scott described the "revolving door between Capitol Hill and K Street" as a major reason trust in institutions is at an all-time low among Americans.
Regardless of his own intentions, Scott is seizing on a sense of distrust among the American public that is both very real and very bipartisan.
With this coming midterm election cycle expected to be the most expensive in history, 72% of Americans said in a Politico poll released last week that there is "too much money from special interest groups in American elections," while just 5% disagreed. This belief was virtually equal between Republicans and Democrats.
And while more Democrats (76%) felt it necessary to curb billionaire control of politics, over half of Republican voters (54%) also agreed that billionaires had "too much influence" over elections.
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Fetterman and Senate GOP Confirm Trump 'Sock Puppet' Warsh as Fed Chair
"Warsh's confirmation is another step in Trump's attempt to take over the Fed. That's not good for working families—it's good for Wall Street," said Sen. Elizabeth Warren.
May 13, 2026
The US Senate on Wednesday voted to confirm Kevin Warsh, the financier picked by President Donald Trump to be the next chair of the Federal Reserve.
Sen. John Fetterman (D-Pa.) joined with all Senate Republicans in voting to confirm Warsh, whose nomination was opposed by all other Senate Democrats except for Sen. Kirsten Gillibrand (D-NY), who did not vote.
US Treasury Secretary Scott Bessent thanked Republican senators and Fetterman for backing Warsh's confirmation, which he predicted would "usher in a new day at an institution that is in need of accountability, sound policy guidance, and the renewed sense of purpose to help guide our economy."
Warsh's nomination has been controversial from the start given that Trump has repeatedly undermined the US central bank's independence by browbeating outgoing Federal Reserve Chairman Jerome Powell to lower interest rates.
After the confirmation vote, Sen. Elizabeth Warren (D-Mass.) warned that Warsh would try to carry out Trump's demands to lower rates, even as key metrics show that inflation has accelerated in recent months thanks to the president's illegal war with Iran.
"Trump wants to control interest rates, and he nominated Kevin Warsh to be his sock puppet," wrote Warren in a social media post. "Warsh's confirmation is another step in Trump's attempt to take over the Fed. That's not good for working families—it's good for Wall Street."
Sen. Dick Durbin (D-Ill.) said he voted against Warsh's nomination because "working families are struggling more than ever to afford basic goods," and "they need a central bank that will fight for them, not the president and billionaires."
"I am not convinced that Warsh has the willingness to do what is best for the American people," Durbin added. "For that reason, I voted no on his nomination."
While Trump may want Warsh to start slashing interest rates to boost the economy, he likely faces an uphill climb in convincing other Fed board members.
Data released by the US Bureau of Labor Statistics this week showed the consumer price index posted a year-over-year increase of 3.8%, the highest rate of inflation since May 2023, driven by energy prices that surged nearly 18% from the year before.
Additionally, the latest producer price index, which measures wholesale prices paid by businesses and is considered a strong predictor of future inflation, posted a year-over-year increase of 6% in April, indicating inflation will likely accelerate in the coming months.
During Powell's final meeting as Fed chair last month, the board voted to hold interest rates steady, with several board members indicating opposition to projecting future rate cuts in the near term given signals of rising inflation.
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Warren Warns Bipartisan Bill Would 'Turbocharge Donald Trump's Crypto Corruption'
"In just one year in office, the president and his family have raked in at least $1.4 billion in gains from crypto deals alone, and yet this bill stunningly includes zero provisions to prevent that."
May 12, 2026
US Sen. Elizabeth Warren warned Monday that bipartisan cryptocurrency legislation set to come before a key committee later this week would do nothing to rein in brazen profiteering by President Donald Trump and his family.
“This bill puts investors, our national security, and our entire financial system at risk—and it will turbocharge Donald Trump’s crypto corruption," Warren (D-Mass.), the top Democrat on the Senate Banking Committee, said following the release of legislative text for the Digital Asset Market Clarity Act. "In just one year in office, the president and his family have raked in at least $1.4 billion in gains from crypto deals alone, and yet this bill stunningly includes zero provisions to prevent that."
"The American people are watching," Warren added. "No member of the committee should support a bill that fails to stop the massive conflict of interests posed by Donald Trump and his family’s crypto ventures."
The Trump family's foray into digital assets and creation of what one outlet called a "global crypto cash machine" is largely responsible for the explosion of the president's net worth since the start of his second White House term. "In one form or another, crypto accounted for $3.02 billion of the president’s profits from August 2025 to January 2026," MS NOW reported earlier this month.
Warren and other Senate Democrats are pushing for the inclusion of ethics language that would limit government officials' ability to profit off digital assets, but a closed-door meeting on Tuesday ended without an agreement. Senators on the Banking Committee are set to meet Thursday to mark up the crypto measure, which supporters have billed as "comprehensive market structure legislation that establishes a clear regulatory framework for digital assets."
"This bill is the product of more than ten months of bipartisan negotiations and extensive engagement with regulators, law enforcement, academics, and industry," the Senate Banking Committee's Republican majority said in a statement Tuesday.
Last week, the consumer advocacy group Public Citizen demanded in a letter to members of the banking panel that the bill "include prohibitions on federally elected officials, including the president, from engaging in any cryptocurrency venture." The group called on lawmakers to insert a ban on "any form of crypto issuance, ownership, sponsorship, promotion, endorsement, and/or profiteering by a federally elected official" and a divestiture requirement for officials with existing crypto holdings.
Public Citizen also urged lawmakers to "penalize crypto quid pro quo" by requiring fines or prison time for "any federally elected official, including the president, who, directly or indirectly, corruptly demands, seeks, receives, accepts, or agrees to receive or accept anything of value personally, including crypto-related transactions."
"President Trump’s expansive ventures into crypto already violate several existing laws," Public Citizen said. "Approving a bill that fails to confront these violations would explicitly declare that lawmakers countenance such infractions."
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