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Press Releases

ICYMI: Texas Man Who Threatened to Kill U.S. Ranking Member Maxine Waters Sentenced to 33 Months in Prison

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Read the full NBC story below. The Texas man who was indicted last year and accused of threatening to kill Rep. Maxine Waters, D-Calif., in a series of phone calls has been sentenced to 33 months in federal prison, federal officials announced Monday. Brian Michael Gaherty, 61, of Houston, was sentenced Monday and fined $10,000, according to the U.S. Attorney’s Office for the Central…

Ranking Member Waters Urges DOJ and OCC to Follow Through on Actions Against City National Bank for Redlining, Other Discriminatory Practices

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the United States Department of Justice (DOJ), including Attorney General Merrick B. Garland, Assistant Attorney General Kristen Clarke, and Attorney for the Central District California E. Martin Estrada, as well as Acting Comptroller Michael Hsu of the Office of the…

Ranking Member Waters Applauds Nomination of Christy Goldsmith Romero as FDIC Chair

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Tags: CFTC, FDIC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released a statement applauding President Biden’s nomination of Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero to serve as Chair of the Federal Deposit Insurance Corporation (FDIC). “I applaud President Biden for his decision to nominate CFTC…

Ranking Member Waters Applauds Nomination of Kristin Johnson 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, released a statement applauding President Biden’s nomination of Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson to serve as Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. “I applaud President Biden for his decision to…

Maxine Waters, Ranking Member, Delivers Opening Statement During CFPB Hearing: “After 14 Years of Attacks from Congressional Republicans and the Industry…the Supreme Court Sided with Consumers and Affirmed What I and Committee Democrats Have Been Saying All Along: the CFPB is Constitutional and Here to Stay!”

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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, “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” Thank you very much, Mr. Chairman. And first, let me say to Director Rohit Chopra, thank you for your patience this morning. I…

Ranking Member Waters Leads Committee Democrats on Silicon Valley Trip to Meet with OpenAI, Apple, Entrepreneurs and Investors of Color, Regulators, and Berkeley AI Research Lab

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   Last week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led Committee Democrats, including Representatives Joyce Beatty (D-OH), Juan Vargas (D-CA), and Steven Horsford (D-NV) on a trip to Silicon Valley, California to explore the intersection of Artificial Intelligence (AI), tech, and financial services, and to better…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on Oversight of the FDIC: “… Republicans Are Attacking the Democratic Chair… But Will [They] Call for Anyone Who Has Been Found Liable for Sexual Abuse to Stand Down from Holding Other Positions of Power in Government, Like, for Example, the Former President…”

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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 the FDIC’s Failed Leadership and Toxic Workplace Culture.” Good morning. Thank you to our witnesses for being here today, including Acting Comptroller Hsu who testified just a few weeks…

Ranking Member Waters, Senator Warren, and 36 Lawmakers Urge SEC to Remain Focused on Climate Risk

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Tags: SEC

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), Chair of the Senate Banking Subcommittee on Economic Policy, led 36 lawmakers in a letter to the Securities and Exchange Commission (SEC) urging the SEC to remain focused on the risk that climate change poses to investors. Among other calls to action, the…

Ranking Members Waters, Takano, Levin Introduce Key Legislation to Reduce Veteran Homelessness

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House Financial Services Committee Ranking Member Maxine Waters (D-CA), House Veterans’ Affairs Committee (HVAC) Ranking Member Mark Takano (D-CA), and HVAC Economic Opportunity Subcommittee Ranking Member Mike Levin (D-CA) have introduced the End Veteran Homelessness Act of 2024. This legislation will help reduce casework bottlenecks and expand eligibility for the HUD-VA Supportive…

Ranking Member Waters, Representatives Hill and Meeks Press Secretaries Yellen and Blinken to Swiftly Implement The REPO Act to Support Ukraine

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, alongside Congressman French Hill (R-AR), and House Foreign Affairs Committee Ranking Member Congressman Gregory Meeks (D-NY), sent a letter to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken urging for the swift and full implementation of the Rebuilding Prosperity and…

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…

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