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 »

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. Yesterday, I was joined by Committee Democrats at the Supreme Court to stand up for the rule of law and defend the independence of our nation’s Central Bank, as Donald Trump and his crooked… 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 Department of Housing and Urban Development and the Federal Housing Administration.” “Mr. Chairman, after countless calls for hearings, warnings, and questions from Committee Democrats, I am… Read more »

Following the postponement of a Senate Banking Committee markup on risky crypto legislation scheduled for this week, today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Sean Casten (D-IL), Vice Ranking Member on the Committee, and Congressman Brad Sherman (D-CA), Ranking Member on the Capital Markets Subcommittee, sent a letter… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force hearing entitled, “Striking the Right Balance Sheet.” “Thank you so very very much. I appreciate so very much Mr. Vargas and Mr. Lucas and this hearing that you… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing entitled, “Delivering for American Consumers: A Review of FinTech Innovations and Regulations.” “President Trump promised to reduce the cost of living.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to reports that the Department of Justice served the Federal Reserve with grand jury subpoenas threatening criminal charges against Chair Jerome Powell related to his testimony before the Senate Banking Committee last June. “The Trump… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee, announced the opening of a Democratic staff investigation that would look into reports that insiders may have illicitly profited from non-public and potentially classified information connected to the Trump Administration’s recent military strike in Venezuela. The strike resulted in the… Read more »

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 »