Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee markup.    Today, this Committee will consider a number of bills to reduce housing costs, save lives, put consumers first, support small businesses and entrepreneurs, and protect whistleblowers.   As we mark homeownership… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the schedule for the month of June:   POSTPONED - Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better, Together: Examining the Unified Proposed Rule to Modernize the Community… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the passage of her bill H.R. 2543, The Financial Services Racial Equity, Inclusion, and Economic Justice Act, in the House by a vote of 215-207. Congresswoman Waters, the first woman and African American to chair the Committee on Financial Services, led… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after receiving a positive test result for COVID-19.  “Yesterday, after learning of a potential exposure at the Summit of the Americas in Los Angeles, I was notified that I tested positive for COVID. I am currently isolating and have no symptoms. I… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of June: POSTPONED - Tuesday, June 14 at 10:00 AM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Wednesday, June 22 at 10:00 AM ET: The Subcommittee on… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Federal Housing Finance Agency (FHFA) announcing the release of Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Plans. “For so long, homeownership has served as the principal driver of intergenerational wealth in… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, and all Subcommittee Chairs, sent requests to the nation’s top ten U.S. banks, top five U.S. property and casualty insurance companies, and top five U.S. life insurance companies to inquire about their… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of June:  Tuesday, June 14 at 10:00 AM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup.  Wednesday, June 22 at 10:00 AM ET: The Subcommittee on Consumer Protection and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency.” As prepared for delivery  First, let me extend my congratulations to Dr. Lael Brainard on… Read more »

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to President Biden urging him to leverage the ongoing dialogue at the Summit of the Americas to incorporate a key priority for Caribbean nations: financial access and inclusion, particularly to advance solutions to the harmful phenomenon of bank… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement following the confirmation of Sandra Thompson to serve as Director of the Federal Housing Finance Agency (FHFA).  “I congratulate Director Sandra L. Thompson, who will be the first Black woman to serve as FHFA Director. Our nation continues to… Read more »

 Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Diversity and Inclusion hearing entitled, “Diversity Includes Disability: Exploring Inequities in Financial Services for Persons with Disabilities, Including Those Newly Disabled Due to Long-Term COVID.”   Thank you… Read more »

This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee and Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to Gary Gensler, Chair of the Securities and Exchange Commission (SEC) urging him to require disclosure of standardized data to help investors and other stakeholders include… Read more »

The House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), has submitted its Budget Views and Estimates for Fiscal Year (FY) 2023 to the House Budget Committee. The purpose of this document is to advise the Budget Committee on matters within the Financial Services Committee’s jurisdiction as it formulates the budget for FY 2023.  The Views were signed by all… Read more »

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to keep up with an ever-changing marketplace by modernizing our regulatory framework, closing loopholes and ensuring robust oversight, along with bills to promote financial inclusion, expand access to affordable financial services, promote impactful community development and care for… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee sent a letter to President Biden urging him to cancel $50,000 in student debt for each borrower without delay, which would provide much needed relief to millions of borrowers-- especially Millennial, Gen Z, and borrowers of color-- who are unable to realize major life milestones due to the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee markup. This Congress, I am so very proud of how Committee Democrats have consistently pushed legislation that reflects our values: bills that put consumers first despite opposition from highly paid lobbyists and big corporations;… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of May: UPDATED - Tuesday, May 17 at 12:00 PM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Tuesday, May 24 at 12:00 PM ET: The Subcommittee on Diversity and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services and Conference Committee member of the America COMPETES Act of 2022, delivered the following statement at the first Conference Committee meeting on H.R. 4521, the America COMPETES Act, which includes several key provisions led by the Financial Services Committee: Thank you very much,… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement following the confirmation of four nominees to the Federal Reserve’s Board of Governors: “For years I have said that the leaders of the Federal Reserve must represent the diversity of the public they serve. Considerable progress toward this was made this… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “The Annual Report of the Financial Stability Oversight Council.” Good morning, and welcome Secretary Yellen. Thank you for testifying today on the annual report of the Financial Stability Oversight Council, or FSOC. Before… Read more »

Today, Chairwoman Maxine Waters secured passage by the U.S. House of Representatives of nine bipartisan bills The Fair Hiring in Banking Act (H.R. 5911), a bill by Representative Joyce Beatty (D-OH). This bill would expand employment opportunities at banks and credit unions by reducing barriers to employment based on past minor criminal offenses. The bill specifically provides an… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “A Notch Above? Examining the Bond Rating Industry.” Thank you so very much, Chair Sherman, for holding this very timely hearing. I am so pleased with the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of May: Wednesday, May 11 at 10:00 AM ET: The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene for a hybrid hearing entitled, “A Notch Above? Examining the Bond Rating Industry.” … Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.”  Good morning. Today, we welcome Mr. Rohit Chopra, Director of the Consumer Financial Protection Bureau, before our… Read more »