This week, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, sent a letter to Department of Labor Acting Secretary Keith Sonderling, urging him to withdraw its proposed rule, Fiduciary Duties in Selecting Designated Investment Alternatives, warning that it would expose the retirement savings of millions of American workers to risky… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, House Democratic Leader Hakeem Jeffries (D-NY), House Democratic Whip Katherine Clark (D-MA), House Democratic Caucus Chair Pete Aguilar (D-CA), and Congressman Emanuel Cleaver, II (D-MO) Ranking Member on the Housing and Insurance Subcommittee, released the following statement on… Read more »

       This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, joined Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Democratic Whip Katherine Clark (D-MA), Senate Democratic Leader Chuck Schumer (D-NY), and House and Senate Democrats at a press… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to speak in support of H.R. 6644, the “21st Century ROAD to Housing Act,” a landmark bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis. “I rise in support of H.R. 6644, the ‘21st Century ROAD… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman French Hill (R-AR), Chairman of the Committee, issued the following statement after the House passed the ‘21st Century ROAD to Housing Act,’ a sweeping bipartisan, bicameral housing package designed to increase housing supply, expand homeownership opportunities,… Read more »

This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman French Hill (R-AR), Chairman of the Committee issued the following statements after the Senate passed the ‘21st Century ROAD to Housing Act. The legislation represents one of the most significant bipartisan housing packages advanced by Congress in recent years and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement on the Senate's passage of a bicameral, bipartisan compromise on H.R. 6644, the “21st Century ROAD to Housing Act”: “For years, I have fought to address our nation's worsening affordable housing crisis and to expand access to safe and secure housing… 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 on the House Judiciary Committee, sent a letter to Fidelity, Vanguard, and Charles Schwab, demanding answers following reports that the firms restricted charitable donations to the Southern Poverty Law Center (“SPLC”). In the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Chief Executive Officers of leading U.S. financial institutions, including JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley, Wells Fargo, and Goldman Sachs, demanding an immediate briefing on how they are addressing newly discovered cybersecurity… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member on the House Financial Services Committee, issued the following statement commending S&P Dow Jones Indices and its Index Committee for declining to weaken the eligibility rules for the S&P 500, S&P mid-cap 400, and S&P small-cap 600, the benchmarks underpinning the retirement savings of tens of millions of American… 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), Chair of the Committee, demanding an immediate hearing with Federal Housing Finance Agency (FHFA) Director Bill Pulte following President Trump’s decision to install Pulte as Acting Director of National Intelligence (DNI) while he… 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 Prudential Regulators.” “Good morning. Trump’s reckless and unlawful war in Iran has cost every American $450 more at the gas pump. In parts of my district, gas is nearly $7 a gallon.… Read more »

    This week, the House passed the “21st Century ROAD to Housing Act,” led by the House Committee on Financial Services Ranking Member Maxine Waters (D-CA), Chairman French Hill (R-AR), Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), and Subcommittee on Housing and Insurance Chair Mike Flood (R-NE). The Members issued the following statements… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after the passing of former Congressman and Chairman of the House Financial Services Committee, Barney Frank: “Barney Frank was a transformational force in Congress, a brilliant legislator, and one of the most fearless champions for working people and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to speak in support of H. Res. 1299, a resolution amending H.R. 6644, the “21st Century Road to Housing Act,” a landmark bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis. “I rise in support of H.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she and Chairman French Hill (R-AR) have reached a new bipartisan agreement to pass an improved version of the ‘21st Century ROAD to Housing Act’—a major bipartisan legislative package aimed at addressing the nationwide housing supply shortage and affordability crisis—to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement announcing a long list of Congressional Review Act (CRA) resolutions introduced by House Financial Services Committee Democratic Members to restore critical Consumer Financial Protection Bureau (CFPB) guidance designed to protect consumers that were… 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. Committee Republicans are sending conflicting messages today during this markup. On the one hand, we will consider a bill that finally sounds the alarm about risks artificial intelligence… 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 Office of Management and Budget Director, Russell Vought, issuing an updated rule to weaken implementation of Section 1071 small business lending data collection requirements under the Dodd-Frank Wall Street Reform and Consumer… Read more »

“In Trump’s second term, the Fed has once again taken an axe to the stress testing framework.” Text of Letter (PDF) Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Michelle Bowman, Vice Chair for… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Juan Vargas (D-CA), Ranking Member of the Monetary Policy Task Force, issued the following statement in response to the Senate Banking Committee’s expected approval of Trump’s Fed Chair nominee, Kevin Warsh: “Trump’s Department of Justice’s criminal investigation into… Read more »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Housing and Insurance Subcommittee hearing entitled, “Diversifying Risk: Benefits of Reinsurance and Credit Risk Transfers.”  Mr. Chair, credit risk transfers, or CRT’s, can offer benefits to our housing finance system.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, Representatives Joyce Beatty (D-OH), Ranking Member of the National Security Illicit Finance and International Financial Institution Subcommittee,  Jared Huffman (D-CA), Ranking Member of the House Natural Resources… Read more »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, released the following statement on the recent passing of Congressman David Scott (D-GA):  “I am deeply saddened by the passing of my friend and colleague, Congressman David Scott. David was a dedicated Member of Congress who spent… 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 Markup hearing.  Thank you, Chairman Hill.   A report last week found that more than half of Americans have already withdrawn or are planning to withdraw early from their retirement savings… Read more »