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Press Releases

Ranking Member Waters Opposes Anti-CBDC Legislation on House Floor: “This Bill Is…An Attempt to Stifle U.S. Innovation and Competitiveness Abroad, and to Undermine the Federal Agency that is the Most Critical to Fighting Inflation.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 5403, the “CDBC Anti-Surveillance State Act,” which would prohibit the issuance of a central bank digital currency and prohibit the Federal Reserve from holding bank reserves that are critical to operating payment systems and combatting…

Ranking Member Waters Opposes “Not Fit For Purpose Act” on House Floor: “I Urge My Colleagues to Stand Up. Don’t Be Afraid of Big Crypto and Stand for Everyday Investors and Consumers!”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose the “Not Fit For Purpose Act,” which is a bill that would significantly restrict the regulatory authority of the Securities and Exchange Commission and eliminate all rules for the crypto industry. I rise in strong opposition to H.R. 4763, which I am…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Public Housing Authorities

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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, “PHA Oversight: How Scandals and Mismanagement Harm Residents and Taxpayers.” Thank you very much, Mr. Chairman. I am pleased that we’re having this hearing today. I am someone who…

Maxine Waters, Ranking Member, Announces House Passage of Bipartisan Legislation to Develop Commemorative Coin, Award Congressional Gold Medal to Former Navy Officer

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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 bipartisan bills to develop a commemorative coin series honoring society’s working dogs and award former Navy officer Evertt Alavarez Jr with a Congressional Gold Medal. This is a procedure often used on the House floor…

Maxine Waters, Ranking Member, Testifies Against “Not Fit For Purpose Act” and Republican Anti-CBDC Effort

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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 H.R. 4763, the “Not Fit For Purpose Act” and H.R.5403, a bill to prohibit any issuance of a central bank digital currency (CBDC). Thank you, Chairman Burgess and Ranking Member McGovern, for the opportunity to testify here…

Ranking Member Waters’ Op-Ed: Thanks to Clarence Thomas, the CFPB Isn't Going Anywhere

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, penned an opinion piece for the American Banker, following the Supreme Court’s ruling in Consumer Financial Protection Bureau v. Community Financial Services Association to uphold the constitutionality of the CFPB’s funding structure. In the op-ed, Congresswoman Waters highlights the…

Waters, McHenry Send Bipartisan, Bicameral Letter to Regulators Urging Timely Implementation of the Financial Data Transparency Act

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The top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA); the Chairman of the House Financial Services Committee, Congressman Patrick McHenry (R-NC); U.S. Senator Mike Crapo (R-ID); and, U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Financial Data…

Maxine Waters, Ranking Member, Announces Passage of Bipartisan Bills to Expand Affordable Housing and Support Homeless Veterans

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Today, 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 today’s full Committee markup aimed at removing barriers to housing disabled veterans experiencing homelessness and increasing transparency in plans for community building while encouraging localities to build…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Thank you, Chairman McHenry. Good morning. Today, most of the bills we are marking up unfortunately are not only partisan, but also massively deregulatory, harmful to our nation’s consumers and investors, and do…

Maxine Waters, Ranking Member, Applauds Supreme Court Decision to Uphold Constitutionality of Consumer Financial Protection Bureau

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Supreme Court’s decision today to uphold the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding structure. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to protecting…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing with Banking Regulators: “All Employees Deserve a Work Environment Where They Feel Safe, and it is Chair Gruenberg’s Responsibility to Make Sweeping Changes…”

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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, “Oversight of Prudential Regulators.” Thank you very much Mr. Chairman. Good morning. I’d like to thank our witnesses from the Federal Reserve, the FDIC and the OCC for coming before the Committee…

UPDATED - Ranking Member Waters’ Statement on FDIC Report

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Tags: FDIC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this statement following Cleary Gottlieb’s release of its report into workplace culture at the Federal Deposit Insurance Corporation (FDIC). “The report released by Cleary Gottlieb describing FDIC’s workplace culture is troubling. This report affirms that the FDIC needs to…

Ranking Member Waters, Congresswoman Beatty Urge DOJ to Reopen Investigation into Foreign Bribery Case Involving Corporate Bribes to Nigerian Officials

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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, sent a letter to the Department of Justice (DOJ) urging the DOJ to reopen an investigation into two oil companies, Shell…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on National Security: “...There Are Security Threats Coming from the Former President of the United States Almost Every Day.”

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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 National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Mission Critical: Restoring National Security as the Focus of Defense Production Act Reauthorization, Part II.” Thank you…

Ranking Member Waters Statement on Resolution to Overturn SEC’s Guidance on Crypto Assets: H.J. Res. 109 “Would Have Broad and Negative Consequences for All Public Companies and Their Investors, with Implications for the Entire Securities Market, Not Just Crypto.”

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Tags: SEC

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to deliver remarks on H.J. Res. 109, a Congressional Review Act resolution that would overturn accounting guidance for crypto assets from the Securities and Exchange Commission (SEC), known as Staff Accounting Bulletin 121, or SAB 121. Mr. Speaker, I yield…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on SEC Enforcement: “My Message to the Crypto Industry…Democrats Will Always Press for Compliance, Investor Protection, Customer Protection, and Market Integrity.”

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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 Enforcement: Balancing Deterrence with Due Process.” Thank you, Chair Wagner and Ranking Member Sherman. Defunding or defanging the SEC only empowers fraudsters, grifters, and those…

Maxine Waters, Ranking Member, Testifies Against Resolution to Overturn SEC’s Accounting Guidance on Crypto Assets

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Tags: SEC

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 H.J. Res. 109, a Congressional Review Act resolution that would overturn accounting guidance on crypto assets from the Securities and Exchange Commission, known as Staff Accounting Bulletin 121, or SAB 121. Thank you, Chair…

Maxine Waters, Ranking Member, Calls on Appropriators to Fund Critical Provisions to Combat Housing and Homelessness Crisis, Support Small Businesses and Protect Nation’s Investors

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund provisions that would address our nation’s worsening housing and homelessness crisis, support small, minority-owned businesses, and to protect our nation’s investors…

Maxine Waters, Ranking Member, Recommends President Biden Nominate Kristin Johnson to Serve as Assistant Secretary for Financial Institutions at Treasury Department

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to President Biden urging him to nominate current Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), Kristin Johnson, to serve as the Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. In the letter, Waters highlights…

Maxine Waters, Ranking Member, Statement on Meeting with Los Angeles Mayor Karen Bass, Delegation of California Mayors to Address Urgent Affordable Housing and Homelessness Crisis

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after a meeting with Los Angeles Mayor Karen Bass and delegation of California mayors from the U.S. Conference of Mayors’ Task Force on Homelessness to discuss solutions to addressing the growing affordable housing and homelessness crisis in California…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on Bank Mergers: “As Bank Mergers Continue to be Rubber Stamped by Regulators, People Across America Pay the Price through Higher Junk Fees and Predatory Actions.”

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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, “Merger Policies of the Federal Banking Agencies.” Thank you so much, I appreciate that Mr. Chairman. As bank mergers continue to be rubber-stamped by…

ICYMI – Ranking Member Waters' Op-ed: “Dear America, it’s Time to Fulfill the Promises of the Fair Housing Act.”

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As Fair Housing Month draws to a close, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, published an opinion piece for The Grio reflecting on the ongoing legacy of housing discrimination and inequality 56 years after the Fair Housing Act was signed into law. In the op-ed, Waters calls for long-overdue investments in fair and affordable…

Maxine Waters, Ranking Member, Calls on President Biden to Release Long-Awaited Final Fair Housing Rule

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to President Biden urging the immediate release and implementation of the Department of Housing Urban Development’s (HUD) final Affirmatively Furthering Fair Housing (AFFH) rule to fulfill the Democratic commitment to fair housing for all and prevent exacerbating our…

Waters, Whitehouse, Wyden, Warren, Reed, File Amicus Brief Defending Constitutionality of Corporate Transparency Act

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Yesterday, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senators Sheldon Whitehouse (D-RI), Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Jack Reed (D-RI), filed an amicus curiae —or “friend of the court”—brief in National Small Business United v. Yellen, a case at the U.S. Court of Appeals for the 11th Circuit. The brief urges the…

Maxine Waters, Ranking Member, Statement on Department of Labor’s Final Retirement Security Rule

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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 U.S. Department of Labor’s release of the final Retirement Security rule. “I welcome the Department of Labor’s final Retirement Security rule and congratulate the Biden-Harris Administration for a job well done on behalf of our…

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