Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to speak in support of H. Res. 1299, a resolution amending H.R. 6644, the “21st Century Road to Housing Act,” a landmark bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis. “I rise in support of H. Res. 1299, ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she and Chairman French Hill (R-AR) have reached a new bipartisan agreement to pass an improved version of the ‘21st Century ROAD to Housing Act’—a major bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis—to the Senate... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement announcing a long list of Congressional Review Act (CRA) resolutions introduced by House Financial Services Committee Democratic Members to restore critical Consumer Financial Protection Bureau (CFPB) guidance designed to protect consumers that were rescinded by Act... 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 markup. “Thank you, Chairman Hill. Committee Republicans are sending conflicting messages today during this markup. On the one hand, we will consider a bill that finally sounds the alarm about risks artificial intelligence poses to our eco... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Office of Management and Budget Director, Russell Vought, issuing an updated rule to weaken implementation of Section 1071 small business lending data collection requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act: “... Read More »

“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 »