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… 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… 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… 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… 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… 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… 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… Read more »

On the three-year anniversary of the failure of Silicon Valley Bank (SVB), Congresswoman Maxine Waters (D-CA), the top Democrat of the House Financial Services Committee, today announced the reintroduction of several bills aimed at strengthening accountability for bank executives, closing regulatory loopholes, and improving the safety and soundness of the nation’s banking system. The… Read more »

Today, Congresswoman Maxine Waters (DCA), the top Democrat on the House Financial Services Committee, and Representatives Nydia M. Velázquez (D-NY), Juan Vargas (D-CA), and Sylvia Garcia (D-TX) submitted a comment letter to U.S. Department of Housing and Urban Development (HUD) Secretary Turner calling for the immediate withdraw of HUD’s proposed rule, “Housing and Community… 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 very much, Chairman Hill. Americans are fed up with rising grocery, utility, and housing costs caused by the Trump Administration’s reckless policies. But instead of changing course, Trump is doubling… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Al Green (D-TX), Ranking Member on the Oversight and Investigations Subcommittee, sent a letter to Chair French Hill (R-AR) urging him to open a Committee investigation into potential insider trading and market manipulation violations following President Trump’s… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Ranking Member on the National Security, Illicit Finance, and International Financial Institutions Subcommittee, sent a letter to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, applauding the IMF’s recent efforts to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after the Supreme Court, in a decisive 6–3 ruling, struck down the sweeping tariffs imposed by President Donald Trump at the start of his presidency. Writing for the majority, Chief Justice John Roberts stated, “the President must ‘point to clear… 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, “Homeownership and the Role of the Secondary Mortgage Market.” “Mr. Chairman, this hearing will discuss our mortgage market, but it has been more than one year into Trump’s disastrous… Read more »

This week, the House passed the “Housing for the 21st Century Act,” a landmark bipartisan legislation aimed at addressing the housing crisis impacting communities across the country. Led by Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, alongside Chairman French Hill (R-AR), Housing and Insurance Subcommittee Ranking Member Emanuel Cleaver,… 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, “Oversight of the Securities and Exchange Commission.” “Thank you very much, Mr. Chairman. You and I have a very different understanding about what is happening at the SEC. Chairman Atkins said it is ‘a new… Read more »

This week, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, and U.S. Senator Elizabeth Warren (D-MA), the Ranking Member on the Senate Banking Committee, led 184 current and former Members of Congress in filing their fifth amicus brief in support of the Consumer Financial Protection Bureau, as the full U.S. Court of Appeals for the District… Read more »

Read the Full Report This week, the Government Accountability Office (GAO) released its initial report on the Consumer Financial Protection Bureau’s (CFPB) “Status of Reorganization Efforts” in response to a request from Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, Congressman Bill Foster (D-IL), Ranking Member of the Subcommittee on… 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, “Priced Out of the American Dream: Understanding the Policies Behind Rising Costs of Housing and Borrowing.” “$1.4 BILLION DOLLARS. That’s how much the Trump family has pocketed since Trump returned to the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement after the U.S. House of Representatives passed H.R. 6644, the “Housing for the 21st Century Act.” This bipartisan bill represents a critical first step toward solving the affordable housing crisis by expanding local development opportunities and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor in support of H.R. 6664, the “Housing for the 21st Century Act.” This landmark bipartisan legislation represents a critical first step toward solving the affordable housing crisis by expanding local development opportunities and modernizing existing housing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced key victories that Committee Democrats successfully secured in H.R.7148, the “Consolidated Appropriations Act, 2026.” The legislation authorizes federal funding for government departments, agencies, and programs through the fiscal year ending September 30, 2026. The bill… 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, “The Annual Report of the Financial Stability Oversight Council.” “Last week, Donald Trump marked his first year in office with consumer confidence plummeting to a twelve-year low. That is not a… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh to serve as Chair of the Federal Reserve: “With the nomination of Kevin Warsh, Donald Trump continues to make one thing unmistakably clear: he wants a Federal Reserve… Read more »

      This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, held a press conference outside the Supreme Court of the United States ahead of oral arguments in the case involving Federal Reserve Board Governor Cook and the Trump Administration. Waters was joined by Reps. Sean Casten (D-IL), Vice Ranking Member of the… Read more »