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Press Releases

Ranking Member Waters Applauds Federal Housing Finance Agency’s Historic, First-Ever Multifamily Housing Protections for Renters

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Tags: FHFA

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…

ICYMI: Ranking Member Maxine Waters Highlights Democrats' Work to Strengthen Economy, and Address the Housing Crisis During Hearing with Chair Powell

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   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…

Ranking Member Waters Opposes Republican-Led Resolution to Strip Away Protections for Investors: “This Resolution Is Part of a Long List of Efforts by Industry and Its Allies to Attack the Good Work of the SEC, Which Has Made Significant Progress in Protecting Investors, Maintaining Fair, Orderly, and Efficient Markets, and Facilitating Capital Formation.”

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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…

ICYMI: Ranking Member Maxine Waters Applauds Treasury Secretary Yellen for Working with Democrats to Support Community Financial Institutions, Small Businesses, and Close the Racial Wealth Gap

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      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: …

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing with Federal Reserve Chair Powell: “Unfortunately, Extreme MAGA Republicans Are Not Just Ignoring Housing Inflation, They Are Advancing Their Project 2025 Manifesto That Would Dismantle U.S. Democracy and the Economy as We Know It Today.”

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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…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing with Treasury Secretary Yellen: “Project 2025 Would Gut Agencies like the Consumer Financial Protection Bureau and the Federal Reserve, and Dangerously Restructure the Treasury, the Department of Housing and Urban Development, and Other Agencies Critical to the Economy.”

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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,…

ICYMI: Ranking Member Waters Leads Committee Democrats in Meeting with World Bank President Ajay Banga

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           Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats on a visit to the World Bank to meet with President Ajay Banga. The group included Representatives Al Green (TX), Joyce Beatty (D-OH), Juan Vargas (D-CA), Vicente Gonzalez (D-TX), and Sean Casten (D-IL). During the…

Ranking Member Maxine Waters Appalled by Supreme Court Ruling to Curtail Federal Government Safeguards and Protections

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Supreme Court ruling in Securities and Exchange Commission (SEC) v. Jarkesy and Loper Bright Enterprises v. Raimondo. “This week the Supreme Court significantly weakened the ability of the federal government to protect our consumers and investors,…

Ranking Member Waters Outraged at Supreme Court Decision Allowing for the Jailing, Fining of People Experiencing Homelessness

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

Maxine Waters, Ranking Member, Delivers Opening Statement During Housing Oversight Hearing: “This Committee Needs to Get Serious and Pass My Bills, H.R. 4233 to Create Over a Million Affordable and Accessible Homes, H.R. 4232 to End Homelessness, and H.R. 4231 to Restore the American Dream of Homeownership.”

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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, “Housing Oversight: Testimony of the HUD and FHFA Inspectors General.” Thank you very much, Mr. Chairman. Housing is the number one domestic issue and a priority for voters…

ICYMI: Texas Man Who Threatened to Kill U.S. Ranking Member Maxine Waters Sentenced to 33 Months in Prison

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Read the full NBC story below. The Texas man who was indicted last year and accused of threatening to kill Rep. Maxine Waters, D-Calif., in a series of phone calls has been sentenced to 33 months in federal prison, federal officials announced Monday. Brian Michael Gaherty, 61, of Houston, was sentenced Monday and fined $10,000, according to the U.S. Attorney’s Office for the Central…

Ranking Member Waters Urges DOJ and OCC to Follow Through on Actions Against City National Bank for Redlining, Other Discriminatory Practices

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the United States Department of Justice (DOJ), including Attorney General Merrick B. Garland, Assistant Attorney General Kristen Clarke, and Attorney for the Central District California E. Martin Estrada, as well as Acting Comptroller Michael Hsu of the Office of the…

Ranking Member Waters Applauds Nomination of Christy Goldsmith Romero as FDIC Chair

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Tags: CFTC, FDIC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released a statement applauding President Biden’s nomination of Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero to serve as Chair of the Federal Deposit Insurance Corporation (FDIC). “I applaud President Biden for his decision to nominate CFTC…

Ranking Member Waters Applauds Nomination of Kristin Johnson as Assistant Secretary for Financial Institutions at Treasury Department

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released a statement applauding President Biden’s nomination of Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson to serve as Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. “I applaud President Biden for his decision to…

Maxine Waters, Ranking Member, Delivers Opening Statement During CFPB Hearing: “After 14 Years of Attacks from Congressional Republicans and the Industry…the Supreme Court Sided with Consumers and Affirmed What I and Committee Democrats Have Been Saying All Along: the CFPB is Constitutional and Here to Stay!”

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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 Semi-Annual Report of the Bureau of Consumer Financial Protection.” Thank you very much, Mr. Chairman. And first, let me say to Director Rohit Chopra, thank you for your patience this morning. I…

Ranking Member Waters Leads Committee Democrats on Silicon Valley Trip to Meet with OpenAI, Apple, Entrepreneurs and Investors of Color, Regulators, and Berkeley AI Research Lab

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   Last week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led Committee Democrats, including Representatives Joyce Beatty (D-OH), Juan Vargas (D-CA), and Steven Horsford (D-NV) on a trip to Silicon Valley, California to explore the intersection of Artificial Intelligence (AI), tech, and financial services, and to better…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on Oversight of the FDIC: “… Republicans Are Attacking the Democratic Chair… But Will [They] Call for Anyone Who Has Been Found Liable for Sexual Abuse to Stand Down from Holding Other Positions of Power in Government, Like, for Example, the Former President…”

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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 the FDIC’s Failed Leadership and Toxic Workplace Culture.” Good morning. Thank you to our witnesses for being here today, including Acting Comptroller Hsu who testified just a few weeks…

Ranking Member Waters, Senator Warren, and 36 Lawmakers Urge SEC to Remain Focused on Climate Risk

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Tags: SEC

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), Chair of the Senate Banking Subcommittee on Economic Policy, led 36 lawmakers in a letter to the Securities and Exchange Commission (SEC) urging the SEC to remain focused on the risk that climate change poses to investors. Among other calls to action, the…

Ranking Members Waters, Takano, Levin Introduce Key Legislation to Reduce Veteran Homelessness

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House Financial Services Committee Ranking Member Maxine Waters (D-CA), House Veterans’ Affairs Committee (HVAC) Ranking Member Mark Takano (D-CA), and HVAC Economic Opportunity Subcommittee Ranking Member Mike Levin (D-CA) have introduced the End Veteran Homelessness Act of 2024. This legislation will help reduce casework bottlenecks and expand eligibility for the HUD-VA Supportive…

Ranking Member Waters, Representatives Hill and Meeks Press Secretaries Yellen and Blinken to Swiftly Implement The REPO Act to Support Ukraine

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, alongside Congressman French Hill (R-AR), and House Foreign Affairs Committee Ranking Member Congressman Gregory Meeks (D-NY), sent a letter to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken urging for the swift and full implementation of the Rebuilding Prosperity and…

Ranking Member Waters Opposes Anti-CBDC Legislation on House Floor: “This Bill Is…An Attempt to Stifle U.S. Innovation and Competitiveness Abroad, and to Undermine the Federal Agency that is the Most Critical to Fighting Inflation.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 5403, the “CDBC Anti-Surveillance State Act,” which would prohibit the issuance of a central bank digital currency and prohibit the Federal Reserve from holding bank reserves that are critical to operating payment systems and combatting…

Ranking Member Waters Opposes “Not Fit For Purpose Act” on House Floor: “I Urge My Colleagues to Stand Up. Don’t Be Afraid of Big Crypto and Stand for Everyday Investors and Consumers!”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose the “Not Fit For Purpose Act,” which is a bill that would significantly restrict the regulatory authority of the Securities and Exchange Commission and eliminate all rules for the crypto industry. I rise in strong opposition to H.R. 4763, which I am…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Public Housing Authorities

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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, “PHA Oversight: How Scandals and Mismanagement Harm Residents and Taxpayers.” Thank you very much, Mr. Chairman. I am pleased that we’re having this hearing today. I am someone who…

Maxine Waters, Ranking Member, Announces House Passage of Bipartisan Legislation to Develop Commemorative Coin, Award Congressional Gold Medal to Former Navy Officer

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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 bipartisan bills to develop a commemorative coin series honoring society’s working dogs and award former Navy officer Evertt Alavarez Jr with a Congressional Gold Medal. This is a procedure often used on the House floor…

Maxine Waters, Ranking Member, Testifies Against “Not Fit For Purpose Act” and Republican Anti-CBDC Effort

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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 H.R. 4763, the “Not Fit For Purpose Act” and H.R.5403, a bill to prohibit any issuance of a central bank digital currency (CBDC). Thank you, Chairman Burgess and Ranking Member McGovern, for the opportunity to testify here…

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