U.S. Senate Committee on Banking, Housing, and Urban Affairs
03/30/2026 | Press release | Distributed by Public on 03/30/2026 09:43
Warren Statement on Trump Department of Labor Proposed Rule to Shove Risky Assets Into Americans' Retirements
March 30, 2026
Previous ArticleWarren Statement on Trump Department of Labor Proposed Rule to Shove Risky Assets Into Americans' Retirements
Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued a statement on the Department of Labor's proposed rule that would expose Americans' retirement accounts to private markets and cryptocurrencies:
"As cracks emerge in the private credit market, private equity returns fall to 16-year lows, and crypto keeps tumbling, President Trump has decided now is the time to stick all of these risky assets into Americans' 401(k)s. Americans facing an uncertain future in Trump's economy will now have more reasons to question the security of their retirement savings - all so that Trump's Wall Street buddies have another pile of cash to play with. Anyone who cares about the financial security of working people should oppose this proposed rule."
###
U.S. Senate Committee on Banking, Housing, and Urban Affairs published this content on March 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 30, 2026 at 15:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]