News Releases

WASHINGTON, DC – It’s a simple fact: when the Federal Reserve raises its rates then banks increase the interest rates they pay savers.  With that history in mind, U.S. Senator Jack Reed (D-RI) has a simple question for the... Read More

WASHINGTON, DC – Calling it “good news for families of newborns,” U.S. Senator Jack Reed today hailed the announcement by Food and Drug Administration (FDA) Commissioner Robert Califf that a swift end to the infant formula shortage is in sight and... Read More

32 U.S. Senators call on infant formula manufacturers to increase production, prevent future supply chain disruption, and get formula to parentsPresident Biden announced new steps to help get more formula on shelvesSenators: “We are calling on you... Read More

WASHINGTON, DC – As more Americans shop online and more online retailers offer consumers the option to utilize financial technology to pay using installments, U.S. Senators Jack Reed (D-RI) and Mike Rounds (R-SD) are urging the U.S. Treasury... Read More

WASHINGTON, DC – As more Americans do their holiday shopping online and more online retailers offer consumers a financial technology twist on old-fashioned installment loans that could pose risks to consumers, six U.S. Senators are urging regulators... Read More

WASHINGTON, DC -- After U.S. Senator Jack Reed led calls for the White House to take action on gas prices, President Joe Biden today urged regulators at the Federal Trade Commission (FTC) to examine whether oil and gas companies are engaging in... Read More

PROVIDENCE, RI – In an effort to help create jobs and improve Rhode Island’s water quality, U.S. Senators Jack Reed and Sheldon Whitehouse secured nearly $22 million in the fiscal year 2021 Consolidated Appropriations law to upgrade the state’s water... Read More

WASHINGTON, DC – In the wake of a volatile week on Wall Street that saw platforms, such as the trading app Robinhood, temporarily blocking further stock purchases, the Senate Committee on Banking, Housing, and Urban Affairs will hold an upcoming... Read More

WASHINGTON, DC -- After former Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney and Director Kathy Kraninger essentially halted the Bureau’s examination of financial firms for compliance with key aspects of the Military... Read More

PROVIDENCE, RI – Today, U.S. Senator Jack Reed, a senior member of the Appropriations Committee who helped make $5 billion in federal financing available this year for the Water Infrastructure Finance and Innovation Act (WIFIA), which is administered... Read More

WASHINGTON, DC – In an effort to empower consumers and put Americans in control of their personal information and credit reports, U.S. Senators Jack Reed (D-RI) and Chris Van Hollen (D-MD) today introduced the Consumer Credit Control Act (S.... Read More

WASHINGTON, DC – Today, U.S. Senators Jack Reed (D-RI) and John Kennedy (R-LA) issued the following statement after the U.S. Securities & Exchange Commission (SEC) charged a former Equifax executive with committing securities fraud by... Read More

WASHINGTON, DC – Today, U.S. Senator Jack Reed (D-RI), a senior member of the Senate Banking Committee, questioned the Trump Administration’s reported efforts to slow the Consumer Financial Protection Bureau’s (CFPB)... Read More

WASHINGTON, DC - U.S. Senator Jack Reed (D-RI), a senior member of the Banking Committee who helped create the Consumer Financial Protection Bureau (CFPB) and its Office of Servicemember Affairs, today issued the following statement regarding... Read More

WASHINGTON, DC - Today, after the Trump Administration released a report that attempts to undermine support for the Consumer Financial Protection Bureau’s (CFPB) rule that frees consumers from forced arbitration clauses in financial... Read More

WASHINGTON, DC – In an effort to prevent fraudulent and negligent behavior at large financial institutions and hold senior executives accountable, U.S. Senator Jack Reed today introduced the Corporate Management Accountability Act, which asks... Read More

WASHINGTON, DC – U.S. Senators Jack Reed (D-RI) and Sherrod Brown (D-OH) today urged their fellow Senators to ensure that the Consumer Financial Protection Bureau remains a strong, independent agency so it can continue to... Read More

WASHINGTON, DC – As Congressional Republicans pressure President-elect Donald Trump to fire the current Director of the Consumer Financial Protection Bureau (CFPB) before his term expires in July of 2018, U.S. Senator Jack Reed (D-RI) and... Read More

WASHINGTON, DC – In an effort to protect investors and improve corporate disclosure of material risks from climate change, U.S. Senator Jack Reed (D-RI) today introduced legislation to modernize the Securities and Exchange Commission’s... Read More

WASHINGTON, DC – Today, U.S. Senators Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) joined with Senator Patty Murray (D-WA) and 32 Senate Democrats in sending a letter to President Obama urging his Administration to protect students who... Read More