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, “Oversight of Prudential Regulators.” Thank you very much Mr. Chairman. Vice Chair Barr, Chair Grueneberg, Chair Harper and Acting Comptroller Hsu, I want to thank each of you and all of your… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Speaker Mike Johnson (R-LA) and Democratic Leader Hakeem Jeffries (D-NY), urging the House to take swift action to support the disaster recovery efforts through the National Flood Insurance Program (NFIP) for families and communities affected by Hurricanes Helene and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Emergency Management Agency’s (FEMA) latest action to implement Grimm-Waters Act requirements to offer policyholders the option to pay their annual flood insurance premiums in monthly installments under the National Flood Insurance Program… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Joyce Beatty (D-OH), the Ranking Member of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, announced plans this week to introduce a legislative package aimed at strengthening and reforming the International Financial… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following remarks in celebration of the 50th anniversary of the Department of Housing and Urban Development’s (HUD) Housing Choice Voucher Program. During the event, HUD recognized Congresswoman Waters for her longstanding leadership and commitment in Congress to expanding… Read more »

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Government Accountability Office’s report highlighting the critical state of homelessness among older adults.    “Today, following a request I made in 2022 as Chairwoman of the House Financial Services… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and the U.S. Department of the Treasury (Treasury) announced that the California Office of the Small Business Advocate (CalOSBA) is being awarded $10 million to support small business growth through the State Small Business Credit Initiative (SSBCI), a $10 billion program Congresswoman Waters… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Mark Warner (D-VA), Chairman of the Senate Community Development Finance Caucus, sent a letter to U.S. Secretary Treasury Janet Yellen, urging the Department to provide dedicated financial and training resources to improve the technology capabilities and capacity of… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the damage and destruction caused by Hurricane Helene. “My heart goes out to everyone who has been affected by Hurricane Helene and the unprecedented levels of devastation communities have seen. Helene is expected to be one of the deadliest and… Read more »

   Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a delegation of Committee Democrats, including Representatives Al Green (D-TX), Bill Foster (D-IL), Joyce Beatty (D-OH), and Sean Casten (D-IL), in a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting focused on how the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in commemoration of the 30-year anniversary of the Federal Emergency Management Agency’s (FEMA) Flood Mitigation Assistance grant program. Through this program, FEMA funds mitigation projects to reduce the risk of flood damage in communities participating in the… Read more »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the reintroduction of H.R. 9767, the “Promoting and Advancing Communities of Color Through Inclusive Lending Act” to support Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) in honor of the 30th anniversary of the creation of the… 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 hearing entitled, “Oversight of the Securities and Exchange Commission.” Good morning. I’d like to welcome the Chair of the Securities and Exchange Commission, Gary Gensler, along with Commissioners Peirce, Crenshaw,… Read more »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 4790, the “Prioritizing MAGA Policies Over Economic Growth Act. Among many things, this bill would limit investors’ rights to put forward, and vote on, new corporate policies; inhibit investors’ access to crucial information about the companies they… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Protecting Americans’ Savings: Examining the Economics of the Multi-Billion Dollar Romance Confidence Scam Industry.” Thank… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Reserve’s latest decision to cut interest rates by 50 basis points.  “I applaud the Federal Reserve for making the necessary decision to cut interest rates by 50 basis points. When the Federal Reserve made the decision to start hiking… 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 Inclusion Subcommittee hearing entitled, “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets.” Thank you very much. I am very pleased to see the SEC holding bad… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the Rules Committee on Republican-led bill H.R. 4790. Among many things, this bill would limit investors’ rights to put forward, and vote on, new corporate policies; inhibit investors’ access to crucial information about the companies they own; and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the House’s passage, under suspension of the rules, of several bipartisan bills including the “FIFA World Cup 2026 Commemorative Coin Act” to foster soccer programs across the U.S., and two Senate bills to award Congressional Gold Medals to the Vietnam War Dustoff crews and… Read more »

Text of Letter (PDF) Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and U.S. Senator Elizabeth Warren (D-Mass.), Chair of the Senate Banking Committee’s Economic Policy Subcommittee, slammed the Chamber of Commerce (Chamber) and the American Bankers Association (ABA) for their efforts to block necessary reforms to the Community… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 9456, the “Protecting American Agriculture from Foreign Adversaries Act of 2024,” which is a bill that makes harmful and substantive changes to existing law in a way that will increase risks to our national security and concerns about racial… Read more »

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, “Transparency in Global Governance.” Good morning, everyone we are exploring the topic of “transparency,” but not transparency as to whether small business… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during an Oversight and Investigations Subcommittee hearing entitled, “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors.” Thank you very much. Environmental,… 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 Inclusion Subcommittee hearing entitled, “Decoding DeFi: Breaking Down the Future for Decentralized Finance.” While decentralized finance, or DeFi aims to create greater efficiencies and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a federal judge’s ruling to reject a number of industry claims challenging the Consumer Financial Protection Bureau’s (CFPB) rule to collect and publish small business lending data. The ruling reinforces the CFPB’s clear authority, provided pursuant to… Read more »