Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Representatives Al Green (D-TX), Juan Vargas (D-CA), Ayanna Pressley (D-MA), Rashida Tlaib (D-MI), Nikema Williams (D-GA), Ritchie Torres (D-NY), and Steven Horsford (D-NV) sent a letter to the Director of the Federal Housing Finance Agency (FHFA), urging the agency to use its full… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Federal Trade Commission (FTC) as it continues its review of the proposed acquisition of Black Knight by Intercontinental Exchange, and negotiates a settlement agreement. In the letter, Ranking Member Waters reiterates the concerns she shared as then-Chair in her… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Government Accountability Office (GAO) expressing concerns about instances in which the use of Artificial Intelligence (AI) and other housing and property technology (PropTech), such as automated valuation models (AVMs), online housing platforms, tenant screening… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement on the week of the one-year anniversary of the Inflation Reduction Act. “A year ago this week, Democrats successfully passed the Inflation Reduction Act (IRA) into law. After just one year, we’ve seen the tremendous impact this landmark legislation has had on… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the release of the Biden Administration’s Executive Order and Advanced Notice for Proposed Rulemaking regarding Outbound Investments. “I welcome the Biden Administration’s latest actions to restrict outbound investments to China, but more needs to be… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following PayPal’s launch of its U.S. dollar-denominated stablecoin. “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets. PayPal, with… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the CEOs of the nation’s Fortune 100 financial services companies urging them to continue their diversity and inclusion practices, particularly following threats from Republican Attorneys General pressuring them to divest from these practices, which Congresswoman Waters… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following Fitch Ratings’ decision to downgrade the United States’ long-term foreign currency issuer default rating to AA+ from AAA. “Let’s be clear: the radical and unjustifiable actions of extreme MAGA Republicans are creating the excuses for market… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the letter sent by 13 Republican Attorneys General to the CEOs of the nation’s Fortune 100 companies pressuring them to root out diversity and inclusion in their companies. “While Committee Republicans continue their efforts to dismantle… 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 considering a package of anti-investor ESG bills, along with a rushed and problematic stablecoins bill. Thank you, Chairman McHenry. Good morning. Today, this Committee is being forced by the extreme MAGA wing of… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the U.S. Federal Reserve’s launch of its “FedNow” service, which is a new service that allows banks and credit unions to sign up to facilitate instant payments so they can offer customers a much quicker way to send and receive money. “I applaud the Federal… 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. Good morning. Today, this Committee is marking up six bills, including four bills that Committee Democrats and Republicans have crafted together to defend our national security. My bill, the “No Russian Agriculture… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Zach Nunn (R-IA), announced the introduction of bipartisan legislation entitled, “No Russian Agriculture Act.” Over the last 17 months, Russia’s unprovoked, criminal war against Ukraine, led by Russian President Vladimir Putin, his military, and his mercenaries, has posed… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Federal Housing Finance Agency (FHFA), expressing support for FHFA’s forthcoming report on its review of the Federal Home Loan Bank (FHLBank) System, ahead of the FHLBanks’ centennial year. In the letter, Ranking Member Waters urges a thorough review to ensure… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee hearing on Capital Markets entitled, “Oversight of the SEC’s Division of Corporation Finance.” Thank you, Director Gerding for your attendance here today. This is the second week where Republicans are pressing their culture… Read more »

As extreme MAGA Committee Republicans kick off their month-long anti-ESG campaign, this week, Congresswoman Waters convened a roundtable entitled, “Combatting the MAGA Attack: Protecting Environmental, Social, and Governance Policy in Financial Services.” The roundtable included a panel of experts who shared their thoughts and perspectives with Committee members on the importance of ESG… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a subcommittee hearing on Capital Markets entitled, “Reforming the Proxy Process to Safeguard Investor Interests.” Today, Republicans are giving the term “investor protection” new meaning by pushing legislation that would protect investors… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee delivered the following opening statement at a roundtable she convened entitled, “Combatting the MAGA Attack: Protecting Environmental, Social, and Governance Policy in Financial Services” Good afternoon, thank you for joining this Roundtable on environmental, social, and governance – or… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Serviced Committee, delivered the following opening statement at a full Committee hearing entitled, “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation.” Good morning. Today’s hearing marks the beginning of a month-long Republican offensive to feed the daily… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Janet Yellen, the Secretary of the United States Treasury along with Gary Gensler, Chair of the Securities and Exchange Commission (SEC), urging the two agencies to share their analysis on the draft digital assets market structure legislation released by Committee Republicans… Read more »

In light of the recent failures of Silicon Valley Bank, Signature Bank, and First Republic, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Deposit Insurance Roundtable. The roundtable included a panel of stakeholders and experts who shared their views on deposit insurance reform and solutions to formulate a legislative… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at the Deposit Insurance Roundtable she convened: Good afternoon, thank you for joining our Democratic Financial Services Committee Member Roundtable on deposit insurance reform. Before I begin, I would like to remind Members and our panel that… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor in opposition of H.R. 3564, a Republican bill that would hurt homeownership for middle-class families, and urged her colleagues to vote “no.” I rise in strong opposition to H.R. 3564, the “MAGA Housing Scam Act,” which follows the blueprint of the GOP Tax Scam… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Elizabeth Warren (D-MA), announced they reintroduced the Federal Reserve Racial and Economic Equity Act, legislation that would require the Federal Reserve to use its existing authorities to close racial employment and wage gaps and report on how the gaps change over time.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee hearing on Capital Markets entitled, “Oversight of the SEC’s Division of Trading and Markets.” Thank you. Last Congress, Republicans threatened that the SEC Chair Gensler would testify very frequently, but they seem… Read more »