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 »

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 »