Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee and Co-Chair of the Congressional Caribbean Caucus, issued the following statement in response to the Trump Administration’s unauthorized military strike in Venezuela, carried out without congressional approval, which reportedly resulted in the seizure of Nicolás Maduro, Venezuela’s former… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after a federal court ordered the Trump Administration to continue funding the Consumer Financial Protection Bureau (CFPB) while litigation proceeds, rejecting their latest arguments used to justify efforts to defund and abandon the agency. The ruling marks… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Congressman French Hill (R-AR), the Chairman of the Committee, urging him to hold a hearing with the Securities and Exchange Commission (SEC) Chairman, Paul S. Atkins. In the letter, Ranking Member Waters underscored the importance of fulfilling the Committee’s… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee, announced an important victory that she successfully secured in the Fiscal Year 2022 National Defense Authorization Act (NDAA) — legislation that authorizes the federal government to spend money on the nation’s defense. The law includes language that is substantially similar to Ranking… Read more »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, and Congressman Jamie Raskin (D-MD), the Ranking Member of the House Judiciary Committee sent a letter to Attorney General Pam Bondi demanding answers about the Trump Administration’s latest maneuver to cripple the Consumer Financial Protection Bureau (CFPB) through the wholesale… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after the successful bipartisan passage of the “Housing for the 21st Century Act” out of the Committee. This bill represents a momentous step toward increasing affordable home construction, by expanding local development opportunities and modernizing… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during this week’s full Committee markup. The bills aim to tackle the ongoing housing crisis and address banking challenges by strengthening oversight, promoting competition, and curbing excessive consolidation that leaves… 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. I never thought today would come but I am so pleased that we are finally here, marking up a bipartisan housing bill at long last. While I was disappointed that the Chairman walked away from… Read more »

Text of Amicus Brief (PDF) Today, Congresswoman Maxine Waters (D-CA), the 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, led 11 Democrats on the Senate Banking Committee and 22 Democrats on the House Financial Services Committee in filing an amicus brief… Read more »

This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman French Hill (R-AR), the Chairman of the Committee, Congressman Emanuel Cleaver, II (D-MO), Ranking Member of the Housing and Insurance Subcommittee and Congressman Mike Flood (R-NE), Chair of the Housing and Insurance Subcommittee, issued the following statement on the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Financial Institutions Subcommittee hearing entitled, “Right-Sizing the U.S. Bank Capital Framework: A Return to Tailoring, Economic Growth, and Competitiveness.” “Thank you very much. I look forward to the testimony as we discuss bank… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this statement following reports that the Trump Administration has temporarily withdrawn its dangerous plan to slash funding for the Continuum of Care Program (CoC), administered by the U.S. Department of Housing and Urban Development (HUD). The plan, had it gone forward, would… 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, “From Principles to Policy: Enabling 21st Century AI Innovation in Financial Services.” “Thank you very much, Mr. Chairman. AI is already embedding in the lives of millions of Americans, and we have a duty to… Read more »

Yesterday, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full Committee hearing entitled, “Building Capacity: Reducing Government Roadblocks to Housing Supply.” “Thank you very much, Mr. Chairman. The cost of living is skyrocketing, and working-class families are struggling to pay their rent… Read more »

Report comes during shocking housing affordability crisis and Trump Administration actions to make housing more expensive Government watchdog report highlights how the real estate industry’s use of artificial intelligence and PropTech can distort housing prices, perpetuate housing discrimination, reduce market transparency, and limit access to credit. Full Report (PDF) Today, the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Department of the Treasury Secretary Scott Bessent, Federal Reserve Chair Jerome Powell and US Mint Acting Director Kristie McNally, calling on the agencies… 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 Prudential Regulators.” “Thank you very much, Mr. Chairman. Thank you to our witnesses for being here today. During the Thanksgiving break, a lot of us heard the same thing from our… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed six bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 4423, the “No New Burma… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with 53 House Democrats, sent a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner, calling on him to rescind a recent HUD decision to slash essential Continuum of Care (CoC) program funding. These dangerous cuts will worsen the ongoing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast H.Con.Res.58, “Denouncing the Horrors of Socialism,” a baseless resolution filled with misleading and hypocritical claims about socialism, while ignoring the affordability crisis facing millions of Americans. “Mr. Speaker, I wish we were here on the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement following Donald Trump’s nomination of Stuart Levenbach—a marine ecology scientist and Office of Management and Budget (OMB) official— to serve as Director of the Consumer Financial Protection Bureau (CFPB), along with agency statements suggesting this… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission’s announcement that it will move to further limit the voices of shareholders. “I am deeply disappointed by the Securities and Exchange Commission’s (SEC) announcement this week that the SEC will no longer do its… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after the Trump Administration released a sweeping policy change that will gut permanent supportive housing under the Department of Housing and Urban Development’s Continuum of Care (CoC) program, putting over 170,000 people at risk of homelessness… 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 Future of Deposit Insurance: Exploring the Coverage, Costs, and Depositor Confidence.” “Thank you very much, Mr. Chairman. Good morning. Thank you to our witnesses for being here today to discuss deposit… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the House Rules Committee to strongly oppose H.Con.Res. 58, a deeply harmful Republican resolution that would undermine Social Security, Medicare, Medicaid, and Obamacare, all while failing to address the rising costs that millions of… Read more »