U.S. Senate Committee on Banking, Housing, and Urban Affairs

09/03/2026 | Press release | Distributed by Public on 09/03/2026 18:52

Warren Statement on Trump SEC Proposed Rescinding of “Pay to Play” Anti-Corruption Rule

September 03, 2026

Warren Statement on Trump SEC Proposed Rescinding of "Pay to Play" Anti-Corruption Rule

Washington, DC - United States Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement on the Securities and Exchange Commission (SEC)'s proposal to rescind the "pay-to-play" rule that restricts investment advisers from receiving government contracts for 2 years after making a campaign donation:

"President Trump's SEC just proposed to rescind a 15-year-old rule that prevents elected officials from rewarding wealthy campaign donors with lucrative contracts to advise government investments. Another example of how Donald Trump and his Administration are rigging our markets to work for the wealthy and well-connected while working people pay the price."

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