Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after receiving a positive result for COVID-19. “Today, I have received a positive test result for COVID. I am currently isolating and have no symptoms. I am following all protocols as recommended by the Office of the Attending Physician and CDC guidance.… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after being named a Member of the House who will go to conference with the Senate over the House’s America COMPETES Act of 2022: “I am pleased to be appointed by Speaker Pelosi as a member of the conference committee for the America COMPETES Act of 2022.… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the nomination of Jaime Lizárraga to serve as a Commissioner at the Securities and Exchange Commission (SEC): “I applaud and congratulate the nomination of Jaime Lizárraga to serve as an SEC commissioner. Throughout Jaime’s decades of work in Congress,… Read more »

Today, 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 Testimony of the Secretary of the Treasury on the State of the International Financial System.”  I would like to welcome Treasury Secretary Janet Yellen who today is presenting testimony for the first… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Oversight and Investigations hybrid hearing entitled, “An Enduring Legacy: The Role of Financial Institutions in the Horrors of Slavery and the Need for Atonement.” Thank you very much, Chair Green. Financial services institutions played… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Consumer Protection and Financial Institutions hybrid hearing entitled, “The End of Overdraft Fees? Examining the Movement to Eliminate the Fees Costing Consumers Billions.”  Thank you so very much, Chair Perlmutter. For far too long,… 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 hybrid hearing entitled, “Oversight of America’s Stock Exchanges: Examining Their Role in Our Economy.” Thank you very much, Mr. Sherman, for holding this hearing. In the United… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of April:  Tuesday, April 5 at 2:00 PM ET: The Subcommittee on Oversight and Investigations will convene for a hybrid hearing entitled, “An Enduring Legacy: The Role of Financial Institutions in the Horrors of Slavery and the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “Devalued, Denied, and Disrespected: How Home Appraisal Bias and Discrimination Are Hurting Homeowners and Communities of Color.”  Today, we will take a closer look at discrimination of homeowners and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule updates for the month of March:  March 29 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Devalued, Denied, and Disrespected: How Home Appraisal Bias and Discrimination Are Hurting Homeowners and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to trade associations representing thousands of American firms from the financial and commercial industry, requesting detailed information on the actions that America’s financial institutions and businesses have taken to end their relationships and engagements in Russia and with… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent letters to the largest property, casualty and life insurance companies that receive $7 billion in direct premiums or more each year, requesting diversity and inclusion data to examine America’s insurance… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule updates for the month of March:  NEW - March 29 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Devalued, Denied, and Disrespected: How Home Appraisal Bias and Discrimination Are Hurting Homeowners and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Representatives Sean Casten (D-IL) and Juan Vargas (D-CA) announced that the Securities and Exchange Commission (SEC) approved a proposed rule requiring climate-related disclosures by public companies. The proposed rule that the SEC released today responds to significant demand from retail… Read more »

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed five bills to suspend Ukraine’s crippling debt obligations, crack down on Russian oligarchs for evading existing sanctions, deny Putin economic resources and access to financial markets, and isolate Russia from major financial and intergovernmental forums. Four of the bills passed on a bipartisan… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid markup. Today, this Committee comes together in the first of a series of markups on legislation to press Russian President Vladimir Putin to end his unprovoked and illegal invasion of the sovereign nation of Ukraine. Russia’s invasion… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule updates for the month of March:  UPDATED - March 17 at 10:00 AM ET: The full Committee will convene for a hybrid markup. March 29 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “The Future of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the 2022 omnibus spending bill — legislation that provides Congress with the legal authority needed to spend or obligate U.S. Treasury funds. The legislation includes several priorities of Democratic members of the Financial… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to President Biden’s Executive Order on Digital Assets: “President Biden’s Executive Order on digital assets is an important step in furthering our understanding of how cryptocurrencies and other digital assets will shape the future of our… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “The Inflation Equation: Corporate Profiteering, Supply Chain Bottlenecks, and COVID-19.” Today, we will continue the discussion we began with Chair Pro Tempore Powell last week about the economy and the causes of… Read more »

Yesterday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Sherrod Brown (D-OH), Chairman of the Committee on Banking, Housing, and Urban Affairs, and Congressman Josh Gottheimer (D-NJ), sent a letter to the Government Accountability Office (GAO) requesting a review of the methods by which domestic violent extremists (DVE) and homegrown… Read more »

This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Alma Adams (D-NC), and Congresswoman Joyce Beatty (D-OH), released an op-ed on the need to confirm President Biden’s nominees to the Federal Reserve. See the full piece on The Hill or below. Senate Republicans must end their block of well qualified Federal Reserve… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Monetary Policy and the State of the Economy.” I want to start by reiterating that I join with President Biden and our allies in condemning Russia’s shameful, premeditated, and unprovoked invasion of Ukraine. I stand in… Read more »

Yesterday, the U.S. House of Representatives passed a bipartisan bill in honor of Black History Month. The ‘Six Triple Eight’ Congressional Gold Medal Act of 2021” (S.321) a bill by Senator Moran (R-KS). This is the Senate companion bill to H.R. 1012, introduced by Rep. Moore (D-WI). This bill directs the Speaker of the House of Representatives and the President pro tempore of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to the Russian invasion of Ukraine: “I join with President Biden and our allies in condemning Russia’s invasion of Ukraine and stand in solidarity with the people of Ukraine. The Biden Administration’s latest sanctions and other strict measures… Read more »