“In Trump’s second term, the Fed has once again taken an axe to the stress testing framework.” Text of Letter (PDF) Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Michelle Bowman, Vice Chair for Supervision of the F... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Juan Vargas (D-CA), Ranking Member of the Monetary Policy Task Force, issued the following statement in response to the Senate Banking Committee’s expected approval of Trump’s Fed Chair nominee, Kevin Warsh: “Trump’s Department of Justice’s criminal investigation into Federal Rese... Read More »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Housing and Insurance subcommittee hearing entitled, “Diversifying Risk: Benefits of Reinsurance and Credit Risk Transfers.” Mr. Chair, credit risk transfers, or CRT’s, can offer benefits to our housing finance system. They can provide insight about mark... Read More »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, Representatives Joyce Beatty (D-OH), Ranking Member of the National Security Illicit Finance and International Financial Institution Subcommittee, Jared Huffman (D-CA), Ranking Member of the House Natural Resources Committee, and Teresa Leger Fernández (D-NM), Ranking Member of the Indian and ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, released the following statement on the recent passing of Congressman David Scott (D-GA): “I am deeply saddened by the passing of my friend and colleague, Congressman David Scott. David was a dedicated Member of Congress who spent decades fighting on behalf of the American people, particularly... 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 Markup hearing. Thank you, Chairman Hill. A report last week found that more than half of Americans have already withdrawn or are planning to withdraw early from their retirement savings to keep up with rising costs. At the same t... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Securities and Exchange Commission (SEC) Chairman Paul Atkins demanding answers regarding the abrupt resignation of the SEC’s Director of Enforcement, Judge Margaret A. Ryan, and raising serious concerns about political interference in the agency’s enforcement decisions. Her sud... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to new reporting and court filings revealing Office of Management and Budget Director Russell Vought’s latest effort to gut the Consumer Financial Protection Bureau (CFPB) by slashing its staff and hollowing out its ability to protect consumers: “Russel... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced major Democratic wins secured from the March 4th Committee markup of the bipartisan reauthorization of the Defense Production Act (DPA). Waters worked closely with Chairman French Hill (R-AR) to develop a unified bill that modernizes and strengthens this vital national security authori... Read More »

Text of Letter (PDF) Washington, D.C. – Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, along with U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee; U.S. and Senator Sheldon Whitehouse (D-RI ), Co-Chair of the Senate Caucus on International Narcotics Control sent a letter to... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing entitled: “Innovation at the Speed of Markets: How Regulators Keep Pace with Technology.” Mr. Chair, I am deeply disappointed in Committee Republicans’ decisi... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Federal Reserve Bank of Kansas City President and CEO Jeff Schmid, requesting information regarding the Kansas City Fed’s recent decision to approve a so-called “limited purpose account” for Payward Financial, doing business as Kraken Financial, a cryptocurrency exchange license... Read More »

WASHINGTON, D.C. - 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: “Tokenization and the Future of Securities: Modernizing Our Capital Markets.” Thank you, Mr. Chairman. Democrats on this Committee support innovation, helping companies raise capital, and streng... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the House Democratic Caucus calling for a conference committee to formally reconcile the House- and Senate-passed versions of H.R. 6644, the “21st Century ROAD to Housing Act,” so that the bill can fully address the nation's escalating housing crisis. In the letter, Ranking Memb... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full Committee hearing entitled, “Updating America’s Financial Privacy Framework for the 21st Century.” “Thank you Mr. Chairman, In today’s digital world, every click, search, and purchase leaves a trail, yet Americans remain powerless when it comes to h... Read More »