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… Read more »
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.… Read more »
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… Read more »
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… Read more »
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… Read more »
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… 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, “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… Read more »
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… Read more »
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… Read more »
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… 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, “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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… 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, “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,… Read more »
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… Read more »
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… Read more »