Even before she left the presidential race, Warren had worked to shape seemingly every element of the federal government’s response to the coronavirus pandemic and the steep recession that is almost certainly coming with it. Her proposal to bar companies who receive bailout funds from stock buybacks has been endorsed by even conservative Republicans, and she worked with Senate Minority Leader Chuck Schumer (D-N.Y.) to make canceling student debt part of the Democratic Party’s proposed response to the crisis.
She’s peppered seemingly every branch of President Donald Trump’s administration with letters demanding details on how they’re responding, sending more than 25 letters to different branches and agencies, covering everyone from the Federal Communications Commission to the National Institutes of Health to Vice President Mike Pence’s office.
“This is not my first rodeo,” Warren said.
… On Tuesday, she rolled out a list of eight conditions she argued should be placed on any company that receives government funds to help stay afloat during the pandemic, including a permanent ban on stock buybacks, a three-year ban on dividends or executive bonuses and setting aside board seats for employee-elected representatives.
…Warren’s role in the debate shows she’s continuing to function as the Democratic Party’s ideas factory even after her presidential campaign sputtered.
To Warren allies, it makes perfect sense that the second-term senator would grieve the end of her campaign by making policy. Warren’s original rise to political prominence was a result of the similarly complicated and all-encompassing 2008 financial crisis, and Warren released plans to deal with both a pandemic and a financial collapse during her 2020 run for the presidency.
…“If anyone is going to listen to anybody on how to get out of this, it’s going to be Elizabeth Warren,” said Mary Anne Marsh, a Boston-based Democratic strategist.