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Maxine Waters, Ranking Member, Calls on Appropriators to Fund Critical Provisions to Combat Housing and Homelessness Crisis, Support Small Businesses and Protect Nation’s Investors

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund provisions that would address our nation’s worsening housing and homelessness crisis, support small, minority-owned businesses, and to protect our nation’s investors…

Maxine Waters, Ranking Member, Recommends President Biden Nominate Kristin Johnson to Serve as Assistant Secretary for Financial Institutions at Treasury Department

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to President Biden urging him to nominate current Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), Kristin Johnson, to serve as the Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. In the letter, Waters highlights…

Maxine Waters, Ranking Member, Statement on Meeting with Los Angeles Mayor Karen Bass, Delegation of California Mayors to Address Urgent Affordable Housing and Homelessness Crisis

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after a meeting with Los Angeles Mayor Karen Bass and delegation of California mayors from the U.S. Conference of Mayors’ Task Force on Homelessness to discuss solutions to addressing the growing affordable housing and homelessness crisis in California…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on Bank Mergers: “As Bank Mergers Continue to be Rubber Stamped by Regulators, People Across America Pay the Price through Higher Junk Fees and Predatory Actions.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions and Monetary Policy Subcommittee hearing entitled, “Merger Policies of the Federal Banking Agencies.” Thank you so much, I appreciate that Mr. Chairman. As bank mergers continue to be rubber-stamped by…

ICYMI – Ranking Member Waters' Op-ed: “Dear America, it’s Time to Fulfill the Promises of the Fair Housing Act.”

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As Fair Housing Month draws to a close, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, published an opinion piece for The Grio reflecting on the ongoing legacy of housing discrimination and inequality 56 years after the Fair Housing Act was signed into law. In the op-ed, Waters calls for long-overdue investments in fair and affordable…

Maxine Waters, Ranking Member, Calls on President Biden to Release Long-Awaited Final Fair Housing Rule

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to President Biden urging the immediate release and implementation of the Department of Housing Urban Development’s (HUD) final Affirmatively Furthering Fair Housing (AFFH) rule to fulfill the Democratic commitment to fair housing for all and prevent exacerbating our…

Waters, Whitehouse, Wyden, Warren, Reed, File Amicus Brief Defending Constitutionality of Corporate Transparency Act

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Yesterday, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senators Sheldon Whitehouse (D-RI), Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Jack Reed (D-RI), filed an amicus curiae —or “friend of the court”—brief in National Small Business United v. Yellen, a case at the U.S. Court of Appeals for the 11th Circuit. The brief urges the…

Maxine Waters, Ranking Member, Statement on Department of Labor’s Final Retirement Security Rule

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the U.S. Department of Labor’s release of the final Retirement Security rule. “I welcome the Department of Labor’s final Retirement Security rule and congratulate the Biden-Harris Administration for a job well done on behalf of our…

Maxine Waters, Ranking Member, Statement Ahead of Supreme Court Oral Arguments in Grants Pass v. Johnson Homelessness Case

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement ahead of Supreme Court oral arguments in the case of City of Grants Pass, Oregon v. Gloria Johnson to determine whether local government policies that ban sleeping or “camping” in public spaces without alternative shelter violate Constitutional…

Maxine Waters, Ranking Member, Announces Passage of Democratic-Led Bills in Response to Bank Failures

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led, bipartisan bills that passed during yesterday’s full Committee markup aimed at safeguarding consumers and taking steps to prevent additional bank failures following the collapse of Silicon Valley Bank, First Republic, and Signature Bank last year.…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Markup: “The Republican—Led Bills Today Serve as Further Proof that Republicans Will Always Choose Wall Street and Corporate Elites Over Our Nation’s Consumers.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Thank you, Chairman McHenry. Good morning, everyone. Today, this Committee is marking up several bills. Unfortunately, most of the bills we are considering are not bipartisan, and would pose significant harm to…

Maxine Waters, Ranking Member, Delivers Opening Statement During Financial Institutions Hearing on the CFPB: “House Republicans Revealed Their True Colors Last Year When Two-Thirds of Their Caucus Voted to Defund the CFPB, but Thankfully Democrats Handily Defeated That Effort.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions and Monetary Policy Subcommittee hearing entitled, “Agency Audit: Reviewing CFPB Financial Reporting & Transparency.” Thank you. Today, this Subcommittee could have been examining ways to strengthen consumer…

Maxine Waters, Ranking Member, Statement on Requested GAO Report on Federal Home Loan Bank System’s Role in Lead Up to Bank Failures

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Tags: GAO, FHFA

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Government Accountability Office’s (GAO) recently released report on the Federal Home Loan Banks’ (FHLBs) role in the lead up to the failures of Silicon Valley Bank, Signature Bank, and First Republic. After the bank failures last year, Waters and…

Ranking Member Waters Leads 55 House Democrats in Letter to Agencies Urging Swift Review of Department of Labor’s Retirement Security Rule to Safeguard American Retirees’ Investments

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WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led 55 House Democrats in sending a letter to the U.S. Department of Labor, the Office of Management and Budget (OMB), and the Administrator of the Office Information and Regulatory Affairs (OIRA) urging them to expedite the review process of the Department of Labor's…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing on SEC’s Climate Rule: “The Climate Crisis Affects the Financial Health of Public and Private Companies, and Investors Have a Right to Know How the Companies They Own are Responding to This Crisis.”

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Tags: SEC

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, “Beyond Scope: How the SEC’s Climate Rule Threatens American Markets.” Good morning. According to the National Oceanic and Atmospheric Administration, last year was the hottest year on record. Mr.…

Representative Maxine Waters, Ranking Member, Blasts Elimination of House Office of Diversity and Inclusion

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the disbandment of the U.S. House Office of Diversity and Inclusion (ODI) as a result of the recently passed 2024 spending bill. “I am deeply disappointed and disheartened by the latest decision to disband the House Office of Diversity…

ICYMI: Ranking Member Maxine Waters Honored by U.S. Black Chambers with “2024 Women of Power” Award for Historic Work to Support Women Entrepreneurs

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Last week, the U.S. Black Chambers (USBC) honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 USBC Women of Power "Power 50" award. This prestigious award highlights exceptional women leaders who have made significant contributions to business, politics, and community development, embodying qualities of excellence,…

Maxine Waters, Ranking Member, Secures Critical IMF Authorizing Provisions in FY2024 Appropriations to Support IMF Member Countries

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden signing the FY24 Appropriations bill into law, which includes crucial authorizing provisions related to the International Monetary Fund (IMF). “I am proud to announce that I was able to secure two critical provisions in the FY2024…

ICYMI: Ranking Member Maxine Waters Honored with the National Low-Income Housing Coalition’s 2024 Policy Champion Award

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This week, the National Low-Income Housing Coalition (NLIHC), honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 Policy Champion Award during their 50th anniversary celebration. During the celebration, NLIHC acknowledged Congresswoman Waters’ unwavering work and dedication in Congress to advance equity, justice, and…

Maxine Waters, Ranking Member, Blasts Federal Judge’s Decision to Weaken MBDA, Harm Minority-Owned Businesses

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a Texas federal judge’s ruling that the Minority Business Development Agency, the sole federal agency that exists to promote the growth of minority-owned businesses, must now open its doors to every race. “This decision by an extremist judge in Texas,…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing: “Committee Democrats are Fighting Back…to Strengthen the Safety and Soundness of the Banking System, Protect Depositors, and Prevent Future Financial Crises.”

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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, “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” Thank you very much Mr. Chairman. Good morning. Last week, we marked the one-year…

Maxine Waters, Ranking Member, Delivers Opening Statement During Housing Subcommittee Hearing: “…Congress Must Come Together to Create Real Pathways to Affordable Housing and Homeownership for All.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “The Characteristics and Challenges of Today’s Homebuyers.” Thank you very much. The American dream of homeownership symbolizes financial security, economic mobility, and a sense of…

Maxine Waters, Ranking Member, Delivers Opening Statement During SEC Subcommittee Hearing: “The SEC Needs to be Fully Funded So That It Remains an Effective and Relevant Regulator for the Next 90 Years.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “SEC Overreach: Examining the Need for Reform.” Thank you. The SEC has played a critical role over the past 90 years in protecting investors from fraud and abuse, and ensuring U.S.…

ICYMI: Ranking Member Waters, Committee Democrats Host Roundtable with Fearless Fund, Angela Rye, Civil Rights Experts to Discuss Extremist Attacks on DEI

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      In response to the ongoing legal attacks on diversity, equity and inclusion (DEI) programs and organizations, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Women’s History Month roundtable alongside Committee Democrats, including Representatives Emanuel Cleaver (D-MO), Joyce Beatty (D-OH), Sylvia Garcia…

Ranking Member Waters Urges Rejection of IFC Management Action Plan Due to Lack of Compensation for Sexual Abuse Survivors at Bridge Academy Schools in Kenya

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As the executive board of the International Finance Corporation (IFC) – the World Bank’s private sector investment arm – prepares to allow passage of a Management Action Plan (MAP) today in response to reports of child sexual abuse at schools operated by Bridge International Academies (Bridge) in Kenya, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services…

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