U.S. Senate Committee on Banking, Housing, and Urban Affairs
03/12/2026 | Press release | Distributed by Public on 03/12/2026 11:41
Warren Statement Following Bowman Speech on Basel III Endgame
March 12, 2026
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Washington, DC - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement:
"Three years ago, Wall Street launched an unprecedented lobbying attack to kill rules that would have prevented big banks from loading up on excessive debt to fund their risky trading operations and other activities. Trump's bank regulators, once again, are handing the big banks exactly what they want - a weak rule that fails to address the severe flaws in the capital framework that were never fixed after the 2008 financial crisis, leaving our entire economy at risk. Today's proposal is yet another example of Trump selling out American workers, families, and small businesses to enrich Wall Street. Trump owns the next crash."
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