Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Muscogee Nation Supreme Court ruling in favor of full citizenship for descendants of Freedmen formerly enslaved by the tribal nation, rejecting the Muscogee Nation attorney general’s attempt to deny their citizenship rights. Congresswoman Waters has… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s Executive Order making it easier for local jurisdictions to remove homeless people from the streets.
“Let me be very clear: forcibly removing people from the streets and institutionalizing them is not just cruel and inhumane, but… Read more »
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. The bills aim to expand access to financial services, strengthen small businesses, capital formation, and advance national security at home and abroad.
H.R. 4544, the… 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 decision to reinstate former National Credit Union Administration Board members, Todd Harper and Tanya Otsuka, ruling that President Trump’s move to remove the two Democratic appointees in April was illegal.
“I applaud the U.S.… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed twelve bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate.
H.R. 1764, the “Aligning… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, personally delivered a letter to Chairman French Hill (R-AR) during a full Committee Markup, urging him to comply with the Committee’s legal obligation under the Dodd-Frank Act requiring the Consumer Financial Protection Bureau (CFPB) Director to appear before Congress for a semi-annual… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to reports that the U.S. Department of Housing and Urban Development (HUD) is preparing to drop seven major investigations and cases against local and state governments across the U.S. concerning alleged discriminatory housing… Read more »
Committee Republicans just voted to block an amendment from Congresswoman Rashida Tlaib (D-MI) which would have forced the release of Jeffrey Epstein’s financial files, and particularly details about his shady and suspicious financial transactions. Recent reports revealed billions of dollars in payments to women, including those in Belarus and Russia.
Unfortunately, Committee… 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.
“Good morning and thank you Mr. Chairman.
Today, we are marking up a series of bills. While I’m encouraged that many are bipartisan, I’m deeply concerned that a few proposals from my Republican colleagues… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, reintroduced H.R. 4551, the “Employee Paycheck and Small Business Protection Act.” This bill would update the deposit insurance framework for business payment accounts to ensure small businesses can bank with community financial institutions and continue to pay their employees, even if… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of H.R. 4544, the “American Access to Banking Act.” This bill is designed to promote the creation of new community banks and credit unions known as de novo depository institutions. This includes new Minority Depository Institutions, Community Development… Read more »
On the fifth and final day of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are doing a deep dive into Trump’s staggering personal fortune made solely from his crypto schemes—$1.2 billion and counting, according to a Forbes investigation.
Source: Forbes
From day 1 in office, Trump has been doing everything in his power to ensure crypto… Read more »
Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast H.R. 1919, the Republicans’ so-called “Anti-CBDC Surveillance State Act,” a bill that would immediately halt and prohibit the United States from exploring the potential benefits of a central bank digital currency, or CBDC.
“Over the hours, we will hear… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast S. 1582, the Republicans’ so-called “GENIUS Act.” This bill lacks critical provisions to maintain the longstanding separation of banking and commerce, protect consumers, preserve our national security, promote financial stability, and importantly, fails… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast H.R. 3633, Republicans’ so called “CLARITY Act.” The bill presents several serious risks: it exposes consumers to exploitation by bad actors in the crypto industry, undermines national security, and ignores Donald Trump’s escalating conflicts of interest… Read more »
AFL-CIO (largest labor union in U.S.): So-called CLARITY and GENIUS Acts “pose risks to both retirement funds and to the overall financial stability of the U.S. economy.”
“We need to make sure that the financial system is stable instead of creating a casino for crypto billionaires to make more profits”
For weeks, House Financial Services Ranking Member Maxine Waters has sounded… Read more »
On Day 4 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are exposing how Donald Trump has sidelined crypto criminal watchdogs—so no one would be watching him. He stripped away the oversight mechanisms meant to keep crypto corruption in check, clearing the way for him and his allies to profit off their crypto cons in the shadows, unchecked.
One… 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 hearing entitled, “Dodd-Frank Turns 15: Lessons Learned and the Road Ahead.”
“Thank you very much, Mr. Chairman. Good morning, everyone.
Before I discuss today’s hearing topic, we just got news that inflation has jumped to… Read more »
On Day 3, Ranking Member Waters and Committee Democrats are outlining how Trump’s World Liberty Financial Grift is a dangerous backdoor for selling influence over American policies to the highest foreign bidder. If you thought the private jet Trump accepted from the UAE was egregious and beyond the pale, keep reading. It gets even worse.
World Liberty Financial has received a… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the House Rules Committee to strongly oppose three deeply flawed Republican crypto bills, including H.R. 3633, the “CALAMITY Act,” S. 1582, the “UNSTABLE Act,” and H.R. 1919, the “Anti-Innovation Act.” The three bills are scheduled for a vote… Read more »
On Day 2 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are shining a light on Trump’s shady crypto venture, World Liberty Financial. Drawing from the New York Times’ exposé : Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm.
World Liberty Financial (WLF), a self-described Decentralized Finance… Read more »
As part of Anti-Crypto Corruption Week, House Financial Services Committee Ranking Member Maxine Waters (D-CA) authored an opinion piece for MSNBC sounding the alarm on Republican efforts to advance dangerous crypto legislation this week that risks repeating financial crises of the past. As Waters highlights in the op-ed, these bills would not only weaken critical consumer and… Read more »
On Day 1 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are shining a light on just how shady President Donald Trump’s memecoin scam really is. In case you forgot, Trump once railed against crypto on Fox Business in 2021 and declared that he wanted the U.S. dollar to remain the “currency of the world.”
What changed? He realized just how much… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Ranking Member of the Subcommittee on Digital Assets, Congressman Stephen Lynch (D-MA), announced that next week will be “Anti-Crypto Corruption Week” during which they will lead Democrats in opposition to Republicans’ efforts to jam through the House three dangerous pieces of crypto… Read more »
Text of Letter to Banks that Own Zelle (PDF) | Text of Separate Letter to JP Morgan (PDF)
Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the Senate Permanent… Read more »
