Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup.
Thank you, Chairman McHenry.
Good morning. Today, most of the bills we are marking up unfortunately are not only partisan, but also massively deregulatory, harmful to our nation’s consumers and investors, and do… Read more »
Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to deliver remarks on H.J. Res. 109, a Congressional Review Act resolution that would overturn accounting guidance for crypto assets from the Securities and Exchange Commission (SEC), known as Staff Accounting Bulletin 121, or SAB 121.
Mr. Speaker, I yield… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “SEC Enforcement: Balancing Deterrence with Due Process.”
Thank you, Chair Wagner and Ranking Member Sherman. Defunding or defanging the SEC only empowers fraudsters, grifters, and those… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the Rules Committee on H.J. Res. 109, a Congressional Review Act resolution that would overturn accounting guidance on crypto assets from the Securities and Exchange Commission, known as Staff Accounting Bulletin 121, or SAB 121.
Thank you, Chair… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “Beyond Scope: How the SEC’s Climate Rule Threatens American Markets.”
Good morning. According to the National Oceanic and Atmospheric Administration, last year was the hottest year on record. Mr.… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission's (SEC) latest approval of the agency’s climate disclosure rule. This rule directs public companies to disclose key details about their role in driving climate change and the threat that warming poses to their… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent this letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (“the Commission”) urging the Commission to move quickly to finalize its proposed rule from 2021 to improve the quality of climate related disclosures in our capital markets. Since the Commission… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Oversight of the Securities and Exchange Commission.”
Good morning. The Chairman just indicated that his patience is running thin, mine is thinner with the opposite side of the aisle and extreme MAGA… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Janet Yellen, the Secretary of the United States Treasury along with Gary Gensler, Chair of the Securities and Exchange Commission (SEC), urging the two agencies to share their analysis on the draft digital assets market structure legislation released by Committee Republicans… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a joint Financial Services and Agriculture Subcommittee hearing entitled, “The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets.”
“Last Congress, I focused the efforts of this Committee around… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a Subcommittee hearing on Digital Assets, Financial Technology and Inclusion entitled, “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure."
Last week, I questioned SEC’s Chair Gensler if the agency has… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “Oversight of the Securities and Exchange Commission.”
As prepared for delivery
Good morning and welcome, Chair Gensler.
Right now, our financial system is still recovering from the sudden collapse of… Read more »
Following the Biden Administration’s call to Congress to strengthen authorities for clawbacks, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the United States Federal Reserve System, Federal Deposit Insurance Corporation and the Securities and Exchange Commission announcing that she is crafting legislation to enhance… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Chair of the Federal Trade Commission, Lina Khan, urging robust review of the proposed acquisition of Black Knight, a software, data, and analytics company by the Intercontinental Exchange (ICE), a leading global provider of data, technology, and market infrastructure. In the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the statement below following news that the Public Company Accounting Oversight Board (PCAOB) determined that it has gained complete and unfettered access to be able to inspect China-based and Hong Kong-based PCAOB-registered accounting and audit firms.
“I am pleased that… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Securities and Exchange Commission’s (SEC) December 14, 2022 rule approval and proposals.
“I am pleased that the Securities and Exchange Commission has adopted rules that incorporate the recommendations from my bill, H.R.1528 “Promoting… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hybrid hearing entitled, “E, S, G and W: Examining Private Sector Disclosure of Workforce Management, Investment, and Diversity Data.”
Thank you for holding this important hearing,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “Oversight of the SEC’s Division of Enforcement.”
Thank you, Chair Sherman, for holding this important hearing. Between last year’s “meme stock”… Read more »
This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee and Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to Gary Gensler, Chair of the Securities and Exchange Commission (SEC) urging him to require disclosure of standardized data to help investors and other stakeholders include… Read more »
Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to keep up with an ever-changing marketplace by modernizing our regulatory framework, closing loopholes and ensuring robust oversight, along with bills to promote financial inclusion, expand access to affordable financial services, promote impactful community development and care for… Read more »
Today, Chairwoman Maxine Waters secured passage by the U.S. House of Representatives of nine bipartisan bills
The Fair Hiring in Banking Act (H.R. 5911), a bill by Representative Joyce Beatty (D-OH). This bill would expand employment opportunities at banks and credit unions by reducing barriers to employment based on past minor criminal offenses. The bill specifically provides an… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the nomination of Jaime Lizárraga to serve as a Commissioner at the Securities and Exchange Commission (SEC):
“I applaud and congratulate the nomination of Jaime Lizárraga to serve as an SEC commissioner. Throughout Jaime’s decades of work in Congress,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Representatives Sean Casten (D-IL) and Juan Vargas (D-CA) announced that the Securities and Exchange Commission (SEC) approved a proposed rule requiring climate-related disclosures by public companies.
The proposed rule that the SEC released today responds to significant demand from retail… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on the U.S. Securities and Exchange Commission’s (SEC) reversal of some of President Trump’s actions to weaken shareholders’ ability to engage with companies.
“The benefits of shareholder proposals—to long-term investors, retirees, and working-families, and… Read more »
