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  • Waters Continues Push for Flood Insurance Reauthorization
    Posted in Press Releases on July 25, 2018 | Preview rr
    Tags: Flood Insurance

    Today, the U.S. House of Representatives passed S. 1182, the National Flood Insurance Program (NFIP) Extension Act, by a vote of 366-52. The NFIP provides flood insurance coverage to over 5 million Americans and S. 1182 would reauthorize the program through November 30. Last week, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, led a letter to House and Senate leadership demanding a long-term reauthorization of the NFIP. See her floor statement on... Read more

  • Waters: It Must be a Top Priority for This Committee to Improve the State of Housing in This Country
    Posted in Press Releases on July 24, 2018 | Preview rr
    Tags: HUD, Markup, Homelessness

    Today, at a House Financial Services Committee markup of seven bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Mr. Chairman, let me just say that I was encouraged by our bipartisan agreement on the JOBS Act 3.0 package, and the resulting House passage of the bill with overwhelming support last week. The JOBS and Investor Confidence Act of 2018 is evidence that we can come together to ... Read more

  • Waters and 61 Members Demand Long-Term Reauthorization of National Flood Insurance Program
    Posted in Press Releases on July 18, 2018 | Preview rr
    Tags: Flood Insurance

    In a letter to House and Senate leadership, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 61 Members of Congress called for a commitment to ensuring that homeowners, businesses and renters are able to protect their property in the face of flooding. “Following an historic 2017 hurricane season, which for the first time on record resulted in three Category 4 hurricanes making landfall in the United States, and facing the beginning of the 2018 ... Read more

  • Waters to Fed Chair: Trump’s Policies Threaten Economic Gains Put in Motion During the Obama Administration
    Posted in Press Releases on July 18, 2018 | Preview rr
    Tags: Full Committee, Federal Reserve

    Today, at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: Thank you, Mr. Chairman, and welcome Chairman Powell. Mr. Chairman, I am very concerned about the impact of the reckless economic policies of Donald Trump on hardworking Americans, vulnerable families, and our nation’s economy. ... Read more

  • Waters Statement on Bipartisan Legislation to Help Small Businesses and Protect Investors
    Posted in Press Releases on July 17, 2018 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, SEC, House Floor

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement in support of S.488, the JOBS and Investor Confidence Act of 2018, a bipartisan bill that facilitates access to capital for small businesses, increases protections for consumers and investors, fights the scourge of drug and human trafficking, and promotes financial stability. As Prepared for Delivery Mr. Speaker, this bill is an example of true bipartisanship... Read more

  • Waters and Hensarling Unveil Bipartisan Capital Markets Reform Legislation
    Posted in Press Releases on July 16, 2018 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, SEC, Federal Reserve, Money Laundering, FDIC, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and Congressman Jeb Hensarling (R-TX), Chairman of the House Committee on Financial Services, announced that they have reached an agreement on a package of strong, bipartisan capital-formation legislation to help America’s small businesses and entrepreneurs and to protect investors. The package, known as the “JOBS and Investor Confidence Act of 2018,” is comprised of 32 individual pieces of le... Read more

  • At Hearing on International Financial System, Waters Presses Mnuchin on Trump’s Trade War
    Posted in Press Releases on July 12, 2018 | Preview rr

    Today, at a hearing with Treasury Secretary Steven Mnuchin entitled “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. I am looking forward to hearing Secretary Mnuchin’s testimony today on the state of the international financial system. I must admit that I... Read more

  • Waters Statement at Bipartisan Committee Markup
    Posted in Press Releases on July 11, 2018 | Preview rr
    Tags: Full Committee, SEC, Subcommittee on Capital Markets, Securities, and Investment, Markup

    Today, at a House Committee on Financial Services markup of bipartisan legislation, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, I want to thank you and Members of the Committee for considering six Democratic bills today that will ensure small businesses have increased access to capital, enhance investor protections and improve investors’ ability to ma... Read more

  • Waters Supports Passage of Eight Bipartisan House Bills
    Posted in Press Releases on July 11, 2018 | Preview rr

    Yesterday, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, supported eight bipartisan bills that were passed by the U.S. House of Representatives. Seven out of the eight bills were passed out of the House Committee on Financial Services. Ranking Member Waters played a leading role in the consideration of each of these overwhelmingly bipartisan bills. In addition to managing the House floor debate, Ranking Member Waters collaborated with the bills’... Read more

  • Waters Statement on Federal Reserve’s Approval to Reward Wells Fargo Executives
    Posted in Press Releases on July 2, 2018 | Preview rr
    Tags: Federal Reserve

    Today, in response to the Federal Reserve’s approval of Wells Fargo's capital plan to increase dividend payments by 10 percent and spend up to $24.5 billion on stock buybacks, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “I am troubled by the Federal Reserve’s recent decision to approve Wells Fargo’s capital plan to handsomely reward its shareholders, including the megabank’s senior executives, despite engaging in ... Read more

  • Ranking Members Press FEMA Administrator on Slow Hurricane Recovery Efforts in Puerto Rico
    Posted in Press Releases on June 29, 2018 | Preview rr
    Tags: HUD

    With the 2018 hurricane season underway and Puerto Rican families still struggling in the aftermath of Hurricanes Maria and Irma, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congresswoman Nydia M. Velázquez (D-NY), Ranking Member of the House Committee on Small Business, Congressman Bennie G. Thompson (D-MS), Ranking Member on the House Committee on Homeland Security, and Congressman Richard Neal (D-MA), Ranking Member of the House Committee o... Read more

  • At Carson Hearing, Waters Condemns Trump Administration’s Problematic Housing Proposals
    Posted in Press Releases on June 27, 2018 | Preview rr
    Tags: Full Committee, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full committee hearing entitled, “Oversight of the Department of Housing and Urban Development.” This hearing follows Waters’ introduction of legislation to restore fair housing protections eliminated by Secretary Carson: Thank you, Mr. Chairman Mr. Chairman, since Secretary Carson was last before this Committee, he has taken actions and issued proposals that ... Read more

  • Waters Introduces Bill to Restore Fair Housing Protections Eliminated by Secretary Carson
    Posted in Press Releases on June 26, 2018 | Preview rr
    Tags: CFPB, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced H.R. 6220, the Restoring Fair Housing Protections Eliminated by HUD Act of 2018, a bill to restore several fair housing protections that Ben Carson, Secretary of the Department of Housing and Urban Development (HUD), has eliminated. “The Department of Housing and Urban Development (HUD) is supposed to create strong communities; expand access to affordable housing; and enforce fair h... Read more

  • Waters Floor Statement in Support of Bipartisan Effort to Reform CFIUS
    Posted in Press Releases on June 26, 2018 | Preview rr
    Tags: International

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement on H.R. 5841, the “Foreign Investment Risk Review Modernization Act of 2018,” a bill to reform and provide additional resources for the Committee on Foreign Investment in the United States (CFIUS). As Prepared for Delivery Mr. Speaker, I yield myself such time as I may consume. I rise today in support of H.R. 5841, the “Foreign Investment Risk Review Moderniz... Read more

  • Waters: Trump Administration’s Failure to Act on Condominium Rule Is Unacceptable
    Posted in Press Releases on June 22, 2018 | Preview rr
    Tags: FHA, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on the Trump Administration’s failure to issue a final U.S. Department of Housing and Urban Development (HUD) regulation implementing reforms to the Federal Housing Administration’s (FHA) policies regarding mortgage insurance for condominiums. “Condominiums are often the most affordable option for first-time and low-to-moderate income homebuyers, which is why my collea... Read more

  • Waters Highlights Need for Protections for Investors and Retirement Savers at Hearing with SEC Chairman
    Posted in Press Releases on June 21, 2018 | Preview rr
    Tags: Full Committee, SEC

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Oversight of the U.S. Securities and Exchange Commission (SEC)” with SEC Chairman Jay Clayton. Thank you very much, Mr. Chairman, and welcome back, Chairman Clayton. Mr. Chairman, given recent developments regarding the Volcker rule, I’d like to offer a reminder that Congress put the Volcker rule into effect in order to stop b... Read more

  • At Subcommittee Hearing, Water’s Presses ICE Official on Agency’s Role in Human Rights Abuses Occurring on the Border
    Posted in Press Releases on June 20, 2018 | Preview rr
    Tags: Cybersecurity, FHFA, International

    Today, at a Terrorism and Illicit Finance Subcommittee hearing entitled “Illicit Use of Virtual Currency and the Law Enforcement Response,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: As Prepared for Delivery Thank you for scheduling today’s hearing to examine the illicit uses of virtual currency and the law enforcement response. It is alarming how virtual currencies, especially newer ones, are being used to finance ter... Read more

  • Waters: GOP Tax Scam is a Giveaway to Wall Street at the Expense of Hardworking Americans
    Posted in Press Releases on June 20, 2018 | Preview rr
    Tags: Budget

    Today, at a full Committee hearing on the effects of H.R. 1, the Republican tax scam legislation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: Thank you, Mr. Chairman. Since we are taking the time today to discuss the effects of H.R. 1, the Republican tax scam, I’d like to make it very clear what is really in this law. The tax scam contains massive giveaways to the nation’s largest banks. An Americans for Tax Fairness an... Read more

  • Waters Statement on the Nomination of Kathy Kraninger to Head the CFPB
    Posted in Press Releases on June 18, 2018 | Preview rr
    Tags: CFPB

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on President Trump’s nomination of OMB Associate Director Kathy Kraninger to serve as Director of the Consumer Financial Protection Bureau. In 2017, Trump illegally appointed his Office of Management and Budget Director, Mick Mulvaney, to serve as Acting Director of the Consumer Bureau. “In his time at the Consumer Bureau, Mick Mulvaney has been doing everything in his... Read more

  • Waters Introduces Bill to Improve Protections for Homeowners Facing Foreclosure
    Posted in Press Releases on June 18, 2018 | Preview rr
    Tags: GSE, FHA, FHFA

    The bill comes on the heels of Ranking Member Waters’ bill to prevent foreclosures on FHA Borrowers. A decade after the devastating foreclosure crisis, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, continues the fight to ensure hardworking Americans can remain in their homes by introducing H.R. 6102, the Homeowner Mortgage Servicing Fairness Act of 2018. This bill would protect homeowners against foreclosure and increase the Federal Housing Fina... Read more

  • Waters Statement on FY19 Financial Services Funding Bill
    Posted in Press Releases on June 14, 2018 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, Budget

    Today, in response to the House Committee on Appropriations markup of the fiscal year 2019 Financial Services and General Government Appropriations bill, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “The Trump Administration and Congressional Republicans are shameless in their attempts to rollback consumer protections and this bill is yet another attempt to undermine Wall Street reform and dismantle the Consumer Fi... Read more

  • Waters to Hensarling at Committee Markup: Consider Democratic Bills to Benefit Vulnerable Families
    Posted in Press Releases on June 14, 2018 | Preview rr
    Tags: Full Committee, Markup

    Today, at a House Financial Services Committee markup of four bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, it is disappointing that this is the second markup this month without any major legislation on the agenda to help America’s most vulnerable families, or hardworking Americans struggling to make ends meet. I will note that there are some p... Read more

  • At Hearing with Comptroller Otting, Waters Highlights CRA, Fraudulent Bank Activities and Fintech
    Posted in Press Releases on June 13, 2018 | Preview rr
    Tags: Full Committee, OCC

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full Committee hearing on financial industry regulation with Joseph Otting, Comptroller of the Currency. This hearing marks Comptroller Otting’s first appearance before the Committee. As Prepared for Delivery Thank you, Mr. Chairman. I am looking forward to hearing Comptroller Otting’s testimony, and asking him about his activities at and plans for the Office ... Read more

  • Waters and 42 Democrats Call for Diverse Candidates in Search for Next President of Federal Reserve Bank of San Francisco
    Posted in Press Releases on June 8, 2018 | Preview rr
    Tags: Federal Reserve

    In a letter to Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, and Alex Mehran, Chair of the Federal Reserve Bank of San Francisco’s Search Committee, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services and 42 Democratic Members of Congress called for a transparent and inclusive search process to identify candidates to replace Federal Reserve Bank of San Francisco President John Williams. The letter was signed by Member... Read more

  • Waters Statement on the 2018 Hurricane Season and the National Flood Insurance Program
    Posted in Press Releases on June 8, 2018 | Preview rr
    Tags: Flood Insurance

    As this month marks the beginning of the 2018 hurricane season, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement regarding her longstanding call to reauthorize the National Flood Insurance Program (NFIP), a program created by Congress to provide flood insurance for millions of families: “In 2017, for the first time on record, three Category 4 hurricanes made landfall in the United States and served as painful reminder... Read more



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