Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to President Biden urging him to nominate current Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), Kristin Johnson, to serve as the Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. In the letter, Waters highlights… 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, “The Annual Report of the Financial Stability Oversight Council.” (U.S. Secretary of the Treasury Janet Yellen and House Financial Services Committee Ranking Member Maxine Waters) Treasury… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered opening remarks for the United States Treasury's Annual Freedman’s Bank forum for a panel entitled, “Scaling Underserved Businesses through Capital and Ecosystem Support” to discuss the progress that’s been made to deliver capital and technical assistance to help… 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 Committee on Foreign Investment in the United States (CFIUS) and Other Efforts to Strengthen National Security in the United States.” Good morning. My Democratic colleagues and I have… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Financial Crimes Enforcement Network, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the United States Department of the… 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 at a full Committee hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Good morning. I’d like to welcome Secretary Yellen before our Committee today. I want to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Service Committee, released this statement following the latest move by the Financial Stability Oversight Council (FSOC) – which sits within the U.S. Department of Treasury – to rescind former U.S. Treasury Secretary’s guidance on nonbank systemically important financial institutions (SIFIs). “When… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, joined a bipartisan, bicameral group of lawmakers in sending a letter to Treasury Secretary Janet Yellen and Financial Crimes Enforcement Network (FinCEN) acting Director Himamauli Das regarding the Treasury Department’s Notice of Proposed Rulemaking (NPRM) on Beneficial Ownership… 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, “The Federal Regulators' Response to Recent Bank Failures.” Good morning. I’d like to thank Chairman McHenry for working with me in a bipartisan way on investigating the failures of Silicon Valley Bank and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Federal Reserve, Treasury Department and the Federal Deposit Insurance Corporation (FDIC), announced new actions regarding Silicon… 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 »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced passage of the following bills under suspension of the rules: H.R. 6889, the “Credit Union Board Modernization Act” is a bill offered by Representative Juan Vargas (D-CA) that would reduce the minimum number of board of director meetings for Federal credit unions that are highly… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.”  I would like to welcome Treasury Secretary Janet Yellen who today is presenting testimony for the first… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Jimmy Gomez (D-CA) co-led a letter with 36 Members of California’s Congressional delegation to Treasury Secretary Janet Yellen urging the Department of the Treasury to reallocate unused Emergency Rental Assistance Program (ERA) funds to states with the highest need for such… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins.” Today’s hearing is part of this Committee’s ongoing review of digital assets. This Committee has been… Read more »

Today, Rep. Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Sen. Sherrod Brown (D-OH), Chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Rep. Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, wrote a letter to Treasury Secretary Janet Yellen urging the Treasury Department to move swiftly on… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Welcome back, Secretary Yellen and Chair Powell. As this pandemic continues, the Biden Administration and Congressional Democrats… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: September 10 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled: “Protecting Renters During the Pandemic: Reviewing Reforms to Expedite Emergency Rental Assistance.” September… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement following a 6-3 Supreme Court decision that ended the Centers for Disease Control and Prevention (CDC) eviction moratorium. “Tonight, the Supreme Court, along partisan lines, decided that the CDC eviction moratorium in areas experiencing high rates of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement following the introduction of her legislation, the “Protecting Renters from Evictions Act, of 2021,” that would extend the eviction moratorium through the end of the year. “The current eviction moratorium expires in two days, on July 31, putting millions of people at… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, met with Treasury Secretary Janet Yellen to discuss a variety of important issues including the implementation of emergency rental assistance. “This morning, I met with Secretary Yellen to discuss my priorities and the many ways in which we can work together to ensure that our country is… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Mark Warner (D-VA) sent a letter to Treasury Secretary Janet Yellen urging the extension of the Emergency Capital Investment Program (ECIP) application deadline to ensure the highest level of participation from eligible community development financial institutions (CDFIs) and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.”  I’d like to welcome Secretary Yellen and Chair Powell.  I am very pleased that, with Democrats’ passage of… Read more »