Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” Chairman Powell, welcome back. First, I’d like to start by acknowledging that the Federal Reserve made the right decision to pause interest… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, reintroduced a legislative housing package aimed at tackling the affordable housing crisis, ending homelessness, and eliminating the racial wealth and homeownership gaps in the United States. Together, these bills represent the single largest and most comprehensive investment in… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of a first wave of Committee Democratic bills to respond to the recent failures of Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank, which were the 2nd, 3rd, and 4th largest bank failures in U.S. history. This first wave includes legislation… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the Secretary of the U.S. Department of the Treasury and the Chair of the Committee on Foreign Investment in the United States (CFIUS) expressing concern about the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, urging McHenry to immediately convene a hearing to explore the implications of generative Artificial Intelligence (AI) on housing and financial services. In the letter, Ranking Member Waters sounds the alarm on… 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, “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” Remarks as prepared for delivery: Good morning, and welcome Director Chopra. I am so pleased that we’re here this… 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 hearing entitled, “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” Good afternoon. Last week, Republicans posted a bill that would rewrite our nation’s securities and commodities laws.… 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 hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Good morning. I’d like to welcome Secretary Yellen before our Committee today. I want to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the passing of economist Dr. William Edward Spriggs. “I am deeply saddened to hear about the passing of Dr. Bill Spriggs. Dr. Spriggs was a beloved and trailblazing economist, and workers’ rights advocate, who maintained the courage to push the needle… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the U.S. Department of the Treasury and the Federal Insurance Office (FIO) following the recent wave of insurance companies reducing or eliminating coverage options in the State of California. In the letter, Ranking Member Waters calls on FIO to provide a report to… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced passage of the following bills under suspension of the rules. H.R. 2593, the Senior Security Act is a bill offered by Representative Josh Gottheimer (D-NJ) that would establish the Senior Investor Taskforce within the SEC. The taskforce must report on topics relating to 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 subcommittee hearing on Financial Institutions and Monetary Policy entitled, “Uncertain Debt Management: Treasury Markets and Financial Institutions.” Thank you very much, Chair Barr. Four months ago, I wrote to Chair McHenry… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced passage of the following bills under suspension of the rules: H.R. 2796, the Promoting Opportunities for Non-Traditional Capital Formation Act is a bill offered by Ranking Member Maxine Waters (D-CA) that would require the SEC’s Office of the Advocate for Small Business Capital… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Ayanna Pressley (D-MA), sent a letter to the U.S. Department of Housing and Urban Development (HUD), urging the agency to put an end to the use of biometric technology, such as facial recognition, in federally assisted housing for the purposes of surveilling residents. In the… Read more »

During this week’s full Committee hearing entitled, “FHFA Oversight: Protecting Homeowners and Taxpayers,” Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, applauded the Federal Housing Finance Agency Director, Sandra Thompson for the agency’s recent move to improve mortgage pricing for loans purchased by Fannie Mae and Freddie Mac. During… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a National Security, Illicit Finance, and International Financial Institutions subcommittee hearing entitled, “ International Financial Institutions in an Era of Great Power Competition.” Thank you, Chairman Luetkemeyer and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at today’s full Committee markup. Thank you, Chairman McHenry, and good morning, all.  In about a week, the United States could default on its debt for the first time. Let’s be very clear, this is solely because the Republicans have… Read more »

Yesterday, the House passed two suspension bills from the Committee on Financial Services, breaking a months-long drought of House consideration of Committee language. By this time during the 117th Congress, under the leadership of Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and previous Chairwoman, the Committee passed 15 suspension… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “FHFA Oversight: Protecting Homeowners and Taxpayers.” Good morning, all. I’m pleased to welcome Director Sandra L. Thompson before our Committee this morning.  Earlier this month, the Federal Housing… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, accepted an award from the International Financial Law Review, who honored Waters’ decades-long leadership advancing regulatory reform in Congress with the “Outstanding Contribution to Regulatory Reform” award. Specifically, this award reflects accomplishments in bringing to market or shaping,… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Department of Housing and Urban Development (HUD) and the Chicago Housing Authority (CHA) expressing concern about HUD’s recent approval of a Section 18 land disposition application submitted by CHA, which will allow CHA to move forward with plans to lease vacant public… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden’s nominations to the Board of Governors of the Federal Reserve System: “I applaud the Biden Administration for its recent nominations to the Federal Reserve Board of Governors. If confirmed, these nominees will go a long way in… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to First Citizens Bank following its acquisition of Silicon Valley Bank (SVB) on March 26th. In the letter, Waters urges First Citizens to ensure the continued implementation of SVB’s $11.2 billion Community Benefits Plan, which SVB agreed to in 2021 and is aimed at providing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “Oversight of Prudential Regulators.” Good morning, everyone. First, I’d like to welcome our banking and credit union regulators who are here to testify before our Committee today. On the heels of the collapse of… Read more »

Today, Congresswoman Maxine Waters (D-CA-43), the top Democrat on the House Financial Services Committee and U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, led 144 current and former Members of Congress, including Democratic Leader Hakeem Jeffries (D-NY), Speaker Emerita Nancy Pelosi (D-CA) and 100 other current and former Members… Read more »