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Waters, Schumer, Warren, Lead Congressional Amicus Brief to Urge Full D.C. Circuit to Hear Case on Trump’s Attempt to Dismantle Agency That Has Returned $21 Billion To Consumers

| Posted in Press Releases

Text of Amicus Brief (PDF) Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, U.S. Senate Democratic Leader Chuck Schumer (D-NY), and Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, led their House and Senate colleagues in filing an amicus brief calling for the full U.S. Court of Appeals ...

DAY 6 OF THE TRUMP-REPUBLICAN SHUTDOWN: How will the Trump-Republican Shutdown Hurt America’s Small Businesses?

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this fact sheet on the harm that the Trump-Republican shutdown – which Republicans initiated because of their refusal to cancel cuts to healthcare – would pose to small businesses. These healthcare cuts not only endanger the wellbeing of millions of Americans but also increase costs and ...

DAY 3 OF THE TRUMP-REPUBLICAN SHUTDOWN: How will the Trump-Republican Shutdown Worsen the Housing and Homelessness Crisis?

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this fact sheet on the impact the Trump-Republican shutdown will have on the housing and homelessness crisis. The Trump-Republican shutdown will harm millions of hard-working American families in the United States who are simply trying to make ends meet, including renters and homeowners ...

DAY 2 OF THE TRUMP-REPUBLICAN SHUTDOWN: How will the Trump-Republican Shutdown Further Dismantle Fair Housing for American Families?

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this fact sheet on the impact the Trump-Republican shutdown will have on fair housing. Fair housing is a cornerstone of economic opportunity and civil rights in the United States, ensuring that every person regardless of race, religion, sex, or other protected characteristics, has a fair...

DAY 1 OF THE TRUMP-REPUBLICAN SHUTDOWN: How will the Trump-Republican Shutdown Hurt Renters and Homeowners in Flood-Prone Communities?

| Posted in Press Releases

The National Flood Insurance Program (NFIP) is a critical lifeline for millions of American homeowners, renters, and businesses in flood-prone areas. As climate change increases the frequency and severity of storms, floods are becoming more destructive and widespread, even in areas that historically haven’t seen such risks. NFIP helps ensure that families can rebuild after disaster strikes, reduce...

Ranking Member Waters’ Statement on Trump-Republican Government Shutdown

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in light of the Trump and Republican government shutdown. “Donald Trump and Congressional Republicans have made the reckless and cruel decision to shut down the government because they don’t want to protect affordable healthcare for millions of hard-working American famili...

Ranking Members Maxine Waters and Senator Elizabeth Warren Urge Hill, Scott to Call Up Trump Housing Secretary Turner to Testify Before Congress on Alleged Violations of Fair Housing Laws Exposed By Whistleblowers

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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 Banking, Housing, and Urban Affairs Committee, urged Congressman French Hill (R-AR), Chairman of the House Financial Services Committee, and U.S. Senator Tim Scott (R-SC), Chairman of the Senate Banking, Housing, a...

Ranking Member Maxine Waters Demands Acting Director Vought Halt Unlawful Plan to Shutter CFPB and Furlough Employees Amid Trump-Republican Government Shutdown

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought. In the letter, Waters expressed alarm over reports that Vought is considering furloughing CFPB employees in the event of a government shutdown. Ranking Member Waters condemned this potential move as both ...

Ranking Member Maxine Waters, Senators Warren and Kim, Press Treasury Secretary on Delay and Potential Rollback of Anti-Money Laundering Rules for Multi-Trillion Dollar Investment Adviser Sector

| Posted in Press Releases

“Treasury estimates that some advisers may manage billions of dollars ultimately controlled by sanctioned entities—entities that threaten our national interests.” “Treasury’s decision to delay the IA AML Rule compliance date—and potentially revisit the rule’s substance—once again raises significant questions about the Administration’s plans to protect our financial system and the American people.”...

ICYMI: Ranking Member Waters Hosts Roundtable with Former Fed Vice Chair Dr. Lael Brainard on Threats to the Federal Reserve’s Independence

| Posted in Press Releases

This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats including Representatives Brad Sherman (D-CA), Stephen Lynch (D-MA), Al Green (D-TX), Joyce Beatty (D-OH), Juan Vargas (D-CA), Ayanna Pressley (D-MA), and Sylvia Garcia (D-TX), in a roundtable discussion with former Federal Reserve Vice Chair Dr. Lael Brainard to exam...

Ranking Member Maxine Waters' Statement on Trump’s Appeal to Supreme Court to Illegally Fire Dr. Lisa Cook

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Trump administration’s request that the Supreme Court reverse lower court rulings that have blocked Trump from illegally firing Federal Reserve Board Governor, Dr. Lisa Cook. “Despite two different courts blocking his attempted illegal firing of Federal Reser...

ICYMI: Committee Democrats’ Markup Recap

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Committee Passes Bipartisan Bills, Including Those Led by Democrats to Support Community Banks and Protect Americans Amid Sinking Economy Committee Republicans Also Pass Dangerous Bills Giving Mega Corporations and Megabanks More Power This week, the Committee successfully passed a slate of bipartisan bills, including those led by Committee Democrats. ✔ H.R. 5344, the “Kleptocracy Asset Recovery R...

Ranking Member Maxine Waters During Roundtable Discussion on Fed Independence: “Trump’s Actions Could Lead to Unprecedented Levels of High Inflation and Undermine the Savings, Retirement Funds, And Wages of Hard-Working Families.”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a roundtable conversation with Former Federal Reserve Board Governor and Vice Chair, Dr. Lael Brainard, to examine threats to Fed independence in light of Trump’s attempted removal of Fed Governor Lisa Cook. “We are here today because the President of the ...

Ranking Member Maxine Waters: “Instead of Addressing the Real Pain Facing Main Street, Republicans Are Advancing Legislation That Just Gives Wall Street a Blank Check.”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full Committee markup. “Thank you very much, Mr. Chairman. Believe it or not, just a few short months ago, the United States economy was the strongest in the world. Then Trump took office. And in just 8 months, inflation has now climbed up to 2.9%—well a...

Waters and Warren Launch Probe into Treasury Secretary’s Decision to Undermine Corporate Transparency Act Despite New Warnings

| Posted in Press Releases

"As a recent headline in the Daily Caller highlighted, 'Trump Admin May Have Accidentally Empowered Cartels To Flood America With Fentanyl, Republican Legal Experts Warn.'" "It appears that you are implementing a policy directed by the so-called Department of Government Efficiency (DOGE) that facilitates fraud in federal programs..." Text of Letter (PDF) Congresswoman Maxine Waters (D-CA), Ranking...

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