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Elizabeth Warren speaks at Massachusetts' Democratic Party convention. Photo: Preston Ehrler/SOPA Images/LightRocket/Getty Images

2020 Democratic contender Sen. Elizabeth Warren released Monday a massive new plan to prevent corruption in Washington, D.C., as a part of her promise to institute what she calls "the most sweeping set of anti-corruption reforms since Watergate" if elected.

Why it matters: If enacted, the wide-ranging proposal would dramatically restructure the federal government by limiting lobbyists' influence on Congress, expanding protections for workers and requiring federal judges to publicly post their financial reports and speeches.

Details: To prevent conflicts of interest in the executive branch, her plan would force presidents and vice presidents to place their businesses into a blind trust to be sold off and senior government officials to divest from privately owned assets.

  • It would also restrict the crossover between lobbying and government by preventing former elected officials and senior government appointees from becoming lobbyists and vice versa.
  • It would apply the Code of Conduct for United States Judges, which governs the behavior of most federal judges, to Supreme Court justices. Federal judges would also have to post their financial reports, recusal decisions and private speeches.
  • It would prevent companies from putting arbitration clauses in employee contracts for employment, which forces individuals to agree to never file a lawsuit in federal court against the company.
  • Worth noting: These are only some of the top-line proposals from Warren's lengthy plan.

What they're saying: Warren said the plan's goal is "to take power away from the wealthy and the well-connected in Washington and put it back where it belongs — in the hands of the people."

Between the lines: Warren believes the rest of her far-reaching legislative goals like the Green New Deal and Medicare for All hinge on her anti-corruption plan.

Yes, but: "There are some unresolved questions on the legality of Warren’s plan to ban all fundraising activities for lobbyists given recent Supreme Court rulings on campaign finance and free speech," per Politico.

What's next: Warren will give a speech in New York City's Washington Square Park at 7pm ET to discuss the plan — near the site of 1911's Triangle Shirtwaist Factory fire.

Go deeper:

Go deeper

Toyota to build $1.3 billion U.S. battery plant in North Carolina

The all-electric Toyota bZ4X, the company's first battery-electric vehicle, at the Los Angeles Auto Show in Los Angeles, California on Nov. 17. Photo: Frederic J. Brown/AFP via Getty Images

Toyota announced Monday it's investing $1.3 billion to construct an electric vehicle battery "megasite" near Greensboro, North Carolina, set to open in 2025.

Why it matters: Toyota's Prius hybrid won environmental plaudits when it launched in 1997, but it has since lost ground to electric vehicle world leader Tesla, per Axios' Joann Muller. This battery plant will be the first to produce automotive batteries for Toyota in North America.

3 hours ago - Politics & Policy

Congress hunts for shortcut to pass defense funding, debt limit combo

Senate Majority Leader Chuck Schumer returned to his office Monday. Photo: Anna Moneymaker/Getty Images

The scramble in Congress to pass the National Defense Authorization Act is being complicated by an effort to tie it to a needed hike in the federal debt limit.

Why it matters: The House and Senate are rapidly coming up against a series of deadlines they must address before the end of the year — or risk disrupting crucial military funding and upending the economy. Congressional leaders are now hoping they can knock out both "must-pass" priorities in one, complex swoop.

Scoop: Inside Jake Sullivan's call with U.S. hostages' families

Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

National security adviser Jake Sullivan spoke last week with relatives of U.S. hostages and others wrongfully detained abroad, after more than two dozen families expressed frustrations about their inability to get a meeting with him or President Biden, Axios has learned.

Why it matters: Participants on the video call, which began at 7pm ET Friday and lasted more than an hour, told Axios they didn't get satisfactory answers to many of their questions. Nonetheless, they were encouraged by Sullivan's commitment to follow up and pledge to be personally available to them and others going forward.

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