Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Government Accountability Office (GAO) Comptroller General Eugene Dodaro and U.S. Department of Housing and Urban Development (HUD) Acting Inspector General Stephen M. Begg calling for an investigation into whether HUD is violating statutory requirements to maintain at… Read more »

“The federal government should work for the American public—not for President Trump’s bottom line.” Full letter here Representative Maxine Waters (D-CA), Ranking Member of the House Financial Services Committees, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the U.S. Securities and Exchange Commission… 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. Thank you very much, Mr. Chairman. When I was Chair of this Committee, I launched the Congressional effort to create a federal framework around stablecoins. I wanted robust protections, especially in the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Representative Stephen F. Lynch (D-MA), the Ranking Member on the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and Representative Emanuel Cleaver, II (D-MO), the Ranking Member on the Subcommittee on Housing and Insurance, sent a letter to the U.S.… Read more »

“Have you conducted any analysis of the number of terrorists, human traffickers, drug cartel leaders, foreign adversaries, or other malign actors and facilitators who will be able to abuse the U.S. financial system to hide their illicit activity, absent enforcement of the Corporate Transparency Act?” “Treasury announced earlier this month that it would refuse to enforce the law and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Following the Money: Tools and Techniques to Combat Fraud.” Thank you, Chairman Davidson and Ranking Member Beatty for convening this… 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 Rules Committee on two Congressional Review Act resolutions: S.J.Res.18, which would increase fees charged by big banks, and S.J.Res.28, which would strip the Consumer Financial Protection Bureau (CFPB) of its authority to oversee payment… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to President Trump’s Executive Order directing the National Park Service to forcibly evict unhoused individuals from encampments located on federally-owned lands in Washington, D.C. “Trump’s latest action to vilify people experiencing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following reports that Elon Musk's DOGE has taken over the Securities and Exchanges Commission (SEC). Last month, Congresswoman Waters sent a letter to Acting SEC Chair Mark Uyeda warning of the consequences of DOGE’s takeover of the agency. “While I am deeply… Read more »

Today, House Financial Services Committee, Ranking Member Maxine Waters (CA-43) and leaders of the Litigation and Rapid Response Task Force, House Assistant Minority Leader Joe Neguse (CO-02) and House Judiciary Committee, Ranking Member Jamie Raskin (MD-08), issued the following statement after a federal judge blocked efforts to dismantle the Consumer Financial Protection Bureau… Read more »

Today, House Committee on Financial Services Ranking Member Maxine Waters (D-CA), House Committee on Transportation and Infrastructure Ranking Member Rick Larsen (D-WA), House Committee on Appropriations Ranking Member Rosa DeLauro (D-CT), House Committee on Homeland Security Ranking Member Bennie G. Thompson (D-MS) and House Committee on Science, Space and Technology Ranking Member Zoe… Read more »

In recent weeks, Trump escalated his assault on small businesses by signing an Executive Order to gut the Minority Business Development Agency (MBDA). The MBDA was created to assist businesses owned by people of color — who face the greatest barriers to accessing capital — the resources and opportunities necessary to start and sustain their businesses. Through its nationwide network, the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats in introducing H. Res. 259, a Resolution of Inquiry (ROI) demanding information related to the Trump-Musk’s Administration’s illegal shutdown of the Consumer Financial Protection Bureau. This shutdown followed the Trump Administration's decision to illegally grant… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and members of the Committee’s Diversity, Equity, and Inclusion Working Group, Representatives Al Green (D-TX), Joyce Beatty (D-OH), Sylvia Garcia (D-TX), Ayanna Pressley (D-MA), and Nikema Williams (D-GA), sent a letter to U.S. Department of Commerce Secretary Howard Lutnick in response to a… Read more »

In recent weeks, Trump took his assault on small businesses another step further by signing an Executive Order to gut the Community Development Financial Institutions Fund (CDFI Fund). For 30 years, CDFIs have stepped up to the plate to provide needed support for consumers and small businesses in rural, native, suburban, and urban communities. This Executive Order will have a massive… 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, “Beyond Silicon Valley: Expanding Access to Capital Across America.” Good morning. Thank you very much, Mr. Hill. Before I begin, I want to comment about the outrageous national security breach… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement on the passing of Quincy Enoch: “I was deeply saddened to learn of the passing of Quincy Enoch. For over a decade, Quincy worked with Committee Democrats, representing the ideas and positions of his clients with fairness, intelligence, and humor.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought in response to his March 12 directive ordering CFPB staff to halt all work related to Diversity, Equity, and Inclusion (DEI). In the letter, Congresswoman Waters condemns Vought’s orders to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced Congressman Sean Casten (D-IL), as the Vice Ranking Member on the Committee. “I am pleased to announce that Congressman Sean Casten will serve as Vice Ranking Member on the House Financial Services Committee for the 119th Congress. For many years, Committee Democrats have… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Representatives Brad Sherman (D-CA) – the Ranking Member on the Subcommittee on Capital Markets – Bill Foster (D-IL), Sean Casten (D-IL), and Juan Vargas (D-CA), sent a letter to U.S. Securities and Exchange Commission (SEC) Acting Director Mark Uyeda in response to reports that the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs Committee, were joined by 106 Congressional Democrats in sending a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner demanding… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Trump Administration’s late night Executive Order intended to gut the U.S. Interagency Council on Homelessness (USICH). Created under President Ronald Reagan, USICH is an independent federal agency within the U.S. executive branch that leads the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that late Friday night the Trump Administration signed Executive Orders to gut both the Community Development Financial Institutions Fund and the Minority Business Development Agency. “Late Friday night, Donald Trump took his cruelty and assault… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s latest Executive Order to establish a Strategic Bitcoin Reserve and Digital Asset Stockpile.  “Since taking office, President Trump has boosted the wealth of crypto billionaires and enriched himself through cryptocurrencies while… 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, “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency.” Thank you, Mr. Chairman. For years, I and… Read more »