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      Katie Porter

      Sen. Elizabeth Warren takes her seat during a hearing

      Warren and Porter Lead SVB Act to Repeal Trump-Era Bank Deregulation Law

      Sen. Elizabeth Warren said a 2018 law backed by Republicans and dozens of Democrats allowed banks to "load up on risk to boost their profits," endangering "our entire economy."

      Jake Johnson
      Mar 15, 2023

      Sen. Elizabeth Warren and Rep. Katie Porter unveiled legislation Tuesday to repeal the section of a Trump-era law that weakened regulations for banks with between $50 billion to $250 billion in assets, a move that experts and lawmakers have blamed for the collapse of Silicon Valley Bank and the resulting turmoil.

      "In 2018, I rang the alarm bell about what would happen if Congress rolled back critical Dodd-Frank protections: banks would load up on risk to boost their profits and collapse, threatening our entire economy—and that is precisely what happened," Warren (D-Mass.) said in a statement. "President Biden called on Congress to strengthen the rules for banks, and I'm proposing legislation to do just that by repealing the core of Trump's bank law."

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      silicon valley bank
      Rep. Barbara Lee

      Barbara Lee Officially Announces Senate Run, Vowing to 'Stand on the Side of Justice'

      "We have to ease the burden on the middle class. We have to find a solution to poverty and homelessness. We have to take on the climate crisis. And we have to stop these MAGA extremists who think they can control people's bodies and dismantle our democracy."

      Brett Wilkins
      Feb 21, 2023

      Declaring that "Californians deserve a strong, progressive leader who has delivered real change," Democratic California Congresswoman Barbara Lee on Tuesday officially announced her entry into the race for Dianne Feinstein's U.S. Senate seat, a contest that's expected to be one of the most closely watched—and expensive—of 2024.

      "For those who say my time has passed, well, when does making change go out of style?" the 76-year-old former Black Panther said in a three-minute video announcing her run. "I don't quit. I don't give up. Come on. That's not in my DNA."

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      barbara lee
      Eggs are seen at a grocery store in Washington, D.C.

      Warren and Porter Demand Answers From Big Egg Over 'Massive Spike' in Prices

      "American families working to put food on the table deserve to know whether the increased prices they are paying for eggs represent a legitimate response to reduced supply or out-of-control corporate greed."

      Jake Johnson
      Feb 17, 2023

      Sen. Elizabeth Warren and Rep. Katie Porter on Thursday demanded answers from the five largest egg producers in the United States over recent price surges that companies have blamed on an avian flu outbreak—a narrative that advocates view as an effort to distract attention from rampant profiteering in the industry.

      Warren (D-Mass.) and Porter (D-Calif.) invoked that criticism in letters to Rose Acre Farms, Cal-Maine Foods, Hillandale Farms, Versova Management, and Daybreak Foods, writing that they are concerned by the "massive spike" in prices and "the extent to which egg producers may be using fears about avian flu and supply shocks as a cover to pad their own profits at the expense of American families."

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