Yesterday, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senators Sheldon Whitehouse (D-RI), Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Jack Reed (D-RI), filed an amicus curiae —or “friend of the court”—brief in National Small Business United v. Yellen, a case at the U.S. Court of Appeals for the 11th Circuit. The brief urges the… 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 U.S. Department of Labor’s release of the final Retirement Security rule. “I welcome the Department of Labor’s final Retirement Security rule and congratulate the Biden-Harris Administration for a job well done on behalf of our… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement ahead of Supreme Court oral arguments in the case of City of Grants Pass, Oregon v. Gloria Johnson to determine whether local government policies that ban sleeping or “camping” in public spaces without alternative shelter violate Constitutional… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led, bipartisan bills that passed during yesterday’s full Committee markup aimed at safeguarding consumers and taking steps to prevent additional bank failures following the collapse of Silicon Valley Bank, First Republic, and Signature Bank last year.… Read more »

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, everyone. Today, this Committee is marking up several bills. Unfortunately, most of the bills we are considering are not bipartisan, and would pose significant harm to… 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, “Agency Audit: Reviewing CFPB Financial Reporting & Transparency.” Thank you. Today, this Subcommittee could have been examining ways to strengthen consumer… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Government Accountability Office’s (GAO) recently released report on the Federal Home Loan Banks’ (FHLBs) role in the lead up to the failures of Silicon Valley Bank, Signature Bank, and First Republic. After the bank failures last year, Waters and… Read more »

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 55 House Democrats in sending a letter to the U.S. Department of Labor, the Office of Management and Budget (OMB), and the Administrator of the Office Information and Regulatory Affairs (OIRA) urging them to expedite the review process of the Department of Labor's… 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 Scope: How the SEC’s Climate Rule Threatens American Markets.” Good morning. According to the National Oceanic and Atmospheric Administration, last year was the hottest year on record. Mr.… 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 disbandment of the U.S. House Office of Diversity and Inclusion (ODI) as a result of the recently passed 2024 spending bill. “I am deeply disappointed and disheartened by the latest decision to disband the House Office of Diversity… Read more »

Last week, the U.S. Black Chambers (USBC) honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 USBC Women of Power "Power 50" award. This prestigious award highlights exceptional women leaders who have made significant contributions to business, politics, and community development, embodying qualities of excellence,… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden signing the FY24 Appropriations bill into law, which includes crucial authorizing provisions related to the International Monetary Fund (IMF). “I am proud to announce that I was able to secure two critical provisions in the FY2024… Read more »

This week, the National Low-Income Housing Coalition (NLIHC), honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 Policy Champion Award during their 50th anniversary celebration. During the celebration, NLIHC acknowledged Congresswoman Waters’ unwavering work and dedication in Congress to advance equity, justice, and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a Texas federal judge’s ruling that the Minority Business Development Agency, the sole federal agency that exists to promote the growth of minority-owned businesses, must now open its doors to every race. “This decision by an extremist judge in Texas,… 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, “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” Thank you very much Mr. Chairman. Good morning. Last week, we marked the one-year… Read more »

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, “The Characteristics and Challenges of Today’s Homebuyers.” Thank you very much. The American dream of homeownership symbolizes financial security, economic mobility, and a sense of… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “SEC Overreach: Examining the Need for Reform.” Thank you. The SEC has played a critical role over the past 90 years in protecting investors from fraud and abuse, and ensuring U.S.… Read more »

      In response to the ongoing legal attacks on diversity, equity and inclusion (DEI) programs and organizations, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Women’s History Month roundtable alongside Committee Democrats, including Representatives Emanuel Cleaver (D-MO), Joyce Beatty (D-OH), Sylvia Garcia… Read more »

As the executive board of the International Finance Corporation (IFC) – the World Bank’s private sector investment arm – prepares to allow passage of a Management Action Plan (MAP) today in response to reports of child sexual abuse at schools operated by Bridge International Academies (Bridge) in Kenya, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services… 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, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Housing and Urban Development (HUD) Secretary, Marcia Fudge, will be stepping down as HUD Secretary and retiring this month. “Our country has benefited immensely from Secretary Fudge’s leadership at the helm of HUD, fighting to address our… Read more »

        Yesterday, ahead of President Biden’s State of the Union address, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with Representatives Emanuel Cleaver (D-MO), Brad Sherman (D-CA), Steven Horsford (D-NV), Rashida Tlaib (D-MI), Wiley Nickel (D-NC), Brittany Pettersen (D-CO), Jonathan Jackson (D-IL), and… Read more »

This morning, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to sound the alarm on our nation's growing housing and homelessness crisis and encourage the Biden administration to commit to addressing this crisis and highlighting it as a major priority in his State of the Union address. Thank you, Mr. Speaker. In… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission's (SEC) latest approval of the agency’s climate disclosure rule. This rule directs public companies to disclose key details about their role in driving climate change and the threat that warming poses to their… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s (CFPB) finalized rule to cut excessive credit card late fees, and reduce the typical fee from $32 to $8. The CFPB has long been supported by Congresswoman Waters and is the only federal agency dedicated to… Read more »