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Maxine Waters, Ranking Member, Delivers Opening Statement During Financial Institutions Hearing on the CFPB: “House Republicans Revealed Their True Colors Last Year When Two-Thirds of Their Caucus Voted to Defund the CFPB, but Thankfully Democrats Handily Defeated That Effort.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions and Monetary Policy Subcommittee hearing entitled, “Agency Audit: Reviewing CFPB Financial Reporting & Transparency.” Thank you. Today, this Subcommittee could have been examining ways to strengthen consumer protections wit...

Maxine Waters, Ranking Member, Statement on Requested GAO Report on Federal Home Loan Bank System’s Role in Lead Up to Bank Failures

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Government Accountability Office’s (GAO) recently released report on the Federal Home Loan Banks’ (FHLBs) role in the lead up to the failures of Silicon Valley Bank, Signature Bank, and First Republic. After the bank failures last year, Waters and Chair McHen...

Ranking Member Waters Leads 55 House Democrats in Letter to Agencies Urging Swift Review of Department of Labor’s Retirement Security Rule to Safeguard American Retirees’ Investments

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WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 55 House Democrats in sending a letter to the U.S. Department of Labor, the Office of Management and Budget (OMB), and the Administrator of the Office Information and Regulatory Affairs (OIRA) urging them to expedite the review process of the Department of Labor's (DOL) Ret...

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing on SEC’s Climate Rule: “The Climate Crisis Affects the Financial Health of Public and Private Companies, and Investors Have a Right to Know How the Companies They Own are Responding to This Crisis.”

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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. Chairman, climat...

Representative Maxine Waters, Ranking Member, Blasts Elimination of House Office of Diversity and Inclusion

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the disbandment of the U.S. House Office of Diversity and Inclusion (ODI) as a result of the recently passed 2024 spending bill. “I am deeply disappointed and disheartened by the latest decision to disband the House Office of Diversity and Inclusion...

ICYMI: Ranking Member Maxine Waters Honored by U.S. Black Chambers with “2024 Women of Power” Award for Historic Work to Support Women Entrepreneurs

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Last week, the U.S. Black Chambers (USBC) honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 USBC Women of Power "Power 50" award. This prestigious award highlights exceptional women leaders who have made significant contributions to business, politics, and community development, embodying qualities of excellence, leadership, and ...

Maxine Waters, Ranking Member, Secures Critical IMF Authorizing Provisions in FY2024 Appropriations to Support IMF Member Countries

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden signing the FY24 Appropriations bill into law, which includes crucial authorizing provisions related to the International Monetary Fund (IMF). “I am proud to announce that I was able to secure two critical provisions in the FY2024 Appropriations b...

ICYMI: Ranking Member Maxine Waters Honored with the National Low-Income Housing Coalition’s 2024 Policy Champion Award

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This week, the National Low-Income Housing Coalition (NLIHC), honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 Policy Champion Award during their 50th anniversary celebration. During the celebration, NLIHC acknowledged Congresswoman Waters’ unwavering work and dedication in Congress to advance equity, justice, and advocate for t...

Maxine Waters, Ranking Member, Blasts Federal Judge’s Decision to Weaken MBDA, Harm Minority-Owned Businesses

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a Texas federal judge’s ruling that the Minority Business Development Agency, the sole federal agency that exists to promote the growth of minority-owned businesses, must now open its doors to every race. “This decision by an extremist judge in Texas, appointed b...

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing: “Committee Democrats are Fighting Back…to Strengthen the Safety and Soundness of the Banking System, Protect Depositors, and Prevent Future Financial Crises.”

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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, “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” Thank you very much Mr. Chairman. Good morning. Last week, we marked the one-year anniversary of the fai...

Maxine Waters, Ranking Member, Delivers Opening Statement During Housing Subcommittee Hearing: “…Congress Must Come Together to Create Real Pathways to Affordable Housing and Homeownership for All.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “The Characteristics and Challenges of Today’s Homebuyers.” Thank you very much. The American dream of homeownership symbolizes financial security, economic mobility, and a sense of belonging. ...

Maxine Waters, Ranking Member, Delivers Opening Statement During SEC Subcommittee Hearing: “The SEC Needs to be Fully Funded So That It Remains an Effective and Relevant Regulator for the Next 90 Years.”

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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 Overreach: Examining the Need for Reform.” Thank you. The SEC has played a critical role over the past 90 years in protecting investors from fraud and abuse, and ensuring U.S. corporations provi...

ICYMI: Ranking Member Waters, Committee Democrats Host Roundtable with Fearless Fund, Angela Rye, Civil Rights Experts to Discuss Extremist Attacks on DEI

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In response to the ongoing legal attacks on diversity, equity and inclusion (DEI) programs and organizations, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Women’s History Month roundtable alongside Committee Democrats, including Representatives Emanuel Cleaver (D-MO), Joyce Beatty (D-OH), Sylvia Garcia (D-TX), and Nikema Williams (D-GA...

Ranking Member Waters Urges Rejection of IFC Management Action Plan Due to Lack of Compensation for Sexual Abuse Survivors at Bridge Academy Schools in Kenya

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As the executive board of the International Finance Corporation (IFC) – the World Bank’s private sector investment arm – prepares to allow passage of a Management Action Plan (MAP) today in response to reports of child sexual abuse at schools operated by Bridge International Academies (Bridge) in Kenya, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee,...

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Big Tech: “I Have Long Raised Concerns About Big Tech’s Expansion into Financial Services and I Am Pleased That the CFPB is Finally Taking Action to Oversee These Companies”

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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 Inclusion Subcommittee hearing entitled, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair. I have long ...

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