Skip to Content

Press Releases

Ranking Member Maxine Waters Reintroduces Legislation to Strengthen Credit Unions and Expand Financial Access to Underserved Communities

| Posted in Press Releases
Tags: NCUA

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the reintroduction of two pieces of legislation. The first bill H.R. 10511, the Expanding Financial Access for Underserved Communities Act is aimed at helping provide financial access to consumers that reside in banking deserts, and the second H.R. 10510, the Central…

Ranking Member Waters, Congresswoman Blunt Rochester Introduce Legislation to Promote Transparency and Empower Renters

| Posted in Press Releases

Today, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA,) and Congresswoman Lisa Blunt Rochester (D-DE) introduced H.R. 10465, the Know Who Owns Your Home Act, legislation to empower renters, landlords and local governments with critical information and data on the conditions and ownership of rental properties. Despite more than 35% of U.S.…

Ranking Member Waters Applauds CFPB’s Rule to End Abusive Overdraft Junk Fees Charged by Banks

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the Consumer Financial Protection Bureau’s (CFPB) final rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. “I applaud the Consumer Financial Protection Bureau, led by Director Rohit Chopra, for this…

Congresswoman Maxine Waters Re-Selected to Lead Democrats on the House Financial Services Committee

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA) was re-selected unanimously by the Democratic Caucus to serve as the top Democrat, or Ranking Member, of the House Committee on Financial Services for the 119th Congress. This Committee oversees all components of the nation’s housing and financial services sector, including banking, insurance, real estate, public and assisted housing, and…

Ranking Member Waters Announces House Passage of Bipartisan Bills to Support Veterans’ Housing and Honor Key Figures

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the passage of four bipartisan bills under suspensions of the rules, including measures to promote housing production and honor iconic figures like Shirley Chisholm, Roberto Clemente, and Holocaust heroes. This is a procedure often used on the House floor to act…

Ranking Member Waters Applauds Proposed CFPB Rule to Protect Consumers from the Sale of Personal Data

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s (CFPB) latest proposal to regulate data brokers, which hold massive amounts of personal information on millions of consumers. If finalized, this rule will ensure data brokers follow longstanding privacy rules…

Ranking Member Waters Honors Chairman McHenry at Hearing on the Future of Finance: “Mr. Chairman, On Behalf of Committee Democrats, I Want to Thank You for Your 20 Years of Dedicated Service and Leadership.”

| Posted in Press Releases

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, “Innovation Revolution: How Technology is Shaping the Future of Finance.” Good morning. I’d like to welcome our witnesses to the Committee today for this important discussion around the future of…

Waters, McHenry Lead Bipartisan Efforts Highlighting the Impact of AI on the Financial Services and Housing Industries

| Posted in Press Releases

Ahead of a hearing to examine how technology is shaping the future of finance, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA) and Chairman Patrick McHenry (R-NC), introduced two bipartisan measures highlighting the impact of artificial intelligence (AI) on the financial services and housing industries. Ranking Member Waters…

Ranking Member Waters Introduces Bill to Increase Transparency in AI Technology

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of a bill to increase transparency in Artificial Intelligence technology (AI). This bill requires relevant banking and market regulators to study and review the current data labeling practices on tools, products, and services that use AI and make…

Ranking Member Waters Applauds CFPB’s New Rule Targeting Fraud and Scams in Big Tech Payment Apps

| Posted in Press Releases
Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s latest action to supervise widely used payment apps provided by Big Tech and other nonbank companies and ensure they are held accountable for protecting personal data, responding to fraud, and stopping illegal…

Ranking Member Waters Delivers Opening Statement During Hearing with Banking Regulators: “This Is Not What the American People Voted For.”

| Posted in Press Releases

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 Prudential Regulators.” Thank you very much Mr. Chairman. Vice Chair Barr, Chair Grueneberg, Chair Harper and Acting Comptroller Hsu, I want to thank each of you and all of your…

Ranking Member Waters Urges Speaker Johnson and Leader Jeffries to Include National Flood Insurance Program Debt Forgiveness in Disaster Supplemental

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Speaker Mike Johnson (R-LA) and Democratic Leader Hakeem Jeffries (D-NY), urging the House to take swift action to support the disaster recovery efforts through the National Flood Insurance Program (NFIP) for families and communities affected by Hurricanes Helene and…

Ranking Member Waters Applauds Long Overdue Implementation of Affordable Monthly Flood Insurance Premiums for Policyholders

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Emergency Management Agency’s (FEMA) latest action to implement Grimm-Waters Act requirements to offer policyholders the option to pay their annual flood insurance premiums in monthly installments under the National Flood Insurance Program…

Ranking Member Waters, Congresswoman Beatty Introduce Legislation to Strengthen and Reform International Financial Institutions

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Joyce Beatty (D-OH), the Ranking Member of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, announced plans this week to introduce a legislative package aimed at strengthening and reforming the International Financial…

Ranking Member Waters Commemorates 50th Anniversary of Housing Choice Voucher Program, Recognized for Ongoing Work to Expand Affordable Housing

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following remarks in celebration of the 50th anniversary of the Department of Housing and Urban Development’s (HUD) Housing Choice Voucher Program. During the event, HUD recognized Congresswoman Waters for her longstanding leadership and commitment in Congress to expanding…

Ranking Member Waters Sounds Alarm on Republican Inaction on Housing Crisis Following Release of Federal Report on Rising Senior Homelessness

| Posted in Press Releases

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Government Accountability Office’s report highlighting the critical state of homelessness among older adults.    “Today, following a request I made in 2022 as Chairwoman of the House Financial Services…

Ranking Member Waters, U.S. Treasury Announce $10 Million Award to Support California Small Businesses

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and the U.S. Department of the Treasury (Treasury) announced that the California Office of the Small Business Advocate (CalOSBA) is being awarded $10 million to support small business growth through the State Small Business Credit Initiative (SSBCI), a $10 billion program Congresswoman Waters…

Ranking Member Waters, Senator Warner Urge U.S. Treasury to Improve Technology Capabilities for Diverse-Owned Financial Institutions

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Mark Warner (D-VA), Chairman of the Senate Community Development Finance Caucus, sent a letter to U.S. Secretary Treasury Janet Yellen, urging the Department to provide dedicated financial and training resources to improve the technology capabilities and capacity of…

Ranking Member Waters’ Statement on Hurricane Helene

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the damage and destruction caused by Hurricane Helene. “My heart goes out to everyone who has been affected by Hurricane Helene and the unprecedented levels of devastation communities have seen. Helene is expected to be one of the deadliest and…

ICYMI: Ranking Member Waters Leads Committee Democrats in Meeting with IMF to Discuss Promoting Global Economic Stability

| Posted in Press Releases

   Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a delegation of Committee Democrats, including Representatives Al Green (D-TX), Bill Foster (D-IL), Joyce Beatty (D-OH), and Sean Casten (D-IL), in a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting focused on how the…

Ranking Member Waters Celebrates 30-Years of FEMA’s Flood Mitigation Assistance Program, Slams Republicans for Putting Flood Insurance Program at Risk

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in commemoration of the 30-year anniversary of the Federal Emergency Management Agency’s (FEMA) Flood Mitigation Assistance grant program. Through this program, FEMA funds mitigation projects to reduce the risk of flood damage in communities participating in the…

Ranking Member Waters Reintroduces Legislation to Promote Racial Equity in Lending to Commemorate 30th Anniversary of the Community Development Financial Institutions Fund

| Posted in Press Releases

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the reintroduction of H.R. 9767, the “Promoting and Advancing Communities of Color Through Inclusive Lending Act” to support Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) in honor of the 30th anniversary of the creation of the…

Ranking Member Waters to Chairman McHenry at Hearing with Securities and Exchange Commissioners: “Before the End of This Year, I Want Us to Strike a Grand Bargain on Stablecoins and Other Long Overdue Bills.”

| Posted in Press Releases

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 Securities and Exchange Commission.” Good morning. I’d like to welcome the Chair of the Securities and Exchange Commission, Gary Gensler, along with Commissioners Peirce, Crenshaw,…

Ranking Member Waters Opposes H.R. 4790 on House Floor: “H.R. 4790, Which I Am Calling the ‘Promoting MAGA Priorities Over Economic Growth Act,’ Is Straight Out of the Republican’s Project 2025 Playbook.”

| Posted in Press Releases

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose H.R. 4790, the “Prioritizing MAGA Policies Over Economic Growth Act. Among many things, this bill would limit investors’ rights to put forward, and vote on, new corporate policies; inhibit investors’ access to crucial information about the companies they…

Ranking Member Waters Delivers Opening Statement During Hearing on Confidence Scams: “We Need More Resources at Our Federal Enforcement Agencies to Better Protect Americans and to Stop These Crime Syndicates.”

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Protecting Americans’ Savings: Examining the Economics of the Multi-Billion Dollar Romance Confidence Scam Industry.” Thank…

Back to top