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 »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Sean Casten (D-IL), and Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Committee on the Budget, sent a letter to Andrew M. Mais, President of the National Association of Insurance Commissioners (NAIC). In the letter, the lawmakers urge NAIC to provide an update on… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Department of Housing and Urban Development’s latest set of policy changes to help veterans receive assistance under the HUD-Department of Veteran Affairs (VA) Supportive Housing (HUD-VASH) program, and improve their access to supportive housing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Senator Richard Blumenthal (D-CT), Chairman of the Senate Permanent Subcommittee on Investigations, and Senator Elizabeth Warren (D-MA), Chair, Senate Banking, Housing, & Urban Affairs Subcommittee on Economic Policy, announced the introduction of their bill, the “Protecting… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to financial regulators, including the U.S. Treasury Department, National Credit Union Association, Federal Deposit Insurance Corporation, Financial Crimes Enforcement Network (FinCEN), the Office of the Comptroller of the Currency, and the Federal Reserve. In the letter,… Read more »

         Recently, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted the final session in a three-part series as a part of her Housing Crisis Response Initiative. The final briefing, entitled “America’s Diverse Housing Needs: A Primer on Regional Differences,” was intended to help House Democratic Members… Read more »

Recently, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted the second session of a three-part briefing series as part of her Housing Crisis Response Initiative. The session, entitled “Ending the Housing and Homelessness Crisis: A Deep Dive into A Democratic Legislative Response,” was aimed at helping Democratic House Members better… Read more »

         Recently, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted the first session in a three-part briefing series as part of her Housing Crisis Response Initiative. Launched at this year’s Democratic Issues Conference, the Housing Crisis Response Initiative aims to improve coordination between… 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, “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” Thank you, Mr. Chairman. Good morning. I’d like to start by applauding and thanking Chair McHenry for working… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following remarks at an all-day virtual meeting convened by the Federal Reserve and the Office of the Comptroller of the Currency (OCC). This meeting allowed members of the public to share their views on the proposed merger of Capital One and Discover. Thank you very… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Patrick McHenry (R-NC) the Chairman of the Committee, released a staff report from the Committee’s bipartisan Working Group on Artificial Intelligence (AI), led by Digital Assets, Financial Technology and Inclusion Subcommittee Chairman Congressman French Hill (R-AR) and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Congressional Budget Office’s recently released report examining the level of flood risk across the country and the prevalence of flood insurance policies purchased through the National Flood Insurance Program. Last month, Congresswoman Waters sent a… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Federal Housing Finance Agency’s (FHFA) groundbreaking announcement of the first-ever tenant protections: “I applaud the Federal Housing Finance Agency, under the leadership of Director Sandra L. Thompson, for their historic and… Read more »

   This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, spoke with Federal Reserve Chair Jerome H. Powell during a full Committee hearing. During the hearing, Congresswoman Waters highlighted the booming economy and discussed several critical economic issues with the Chairman: Strong Economy: Congresswoman Waters… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose the override of President Biden’s veto of H.J.Res.109, a harmful bill aimed at reducing the Securities and Exchange Commission’s ability to protect consumers who buy cryptocurrency. I rise today in opposition to H.J.Res.109, which if passed, would… Read more »

      Yesterday, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, spoke with U.S. Treasury Secretary Janet Yellen during a full Committee hearing. During the hearing, Congresswoman Waters highlighted the Biden-Harris Administration’s successful economic record and also discussed the following issues with the Secretary: … 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, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” Thank you very much, Mr. Chairman. Welcome back to the Honorable Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve… 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, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” As prepared for delivery Thank you, Mr. Chairman. Good morning. I’d like to welcome you,… Read more »