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Press Releases

Waters to Powell: The Fed Must Use All of the Tools at Its Disposal to Ensure an Equitable and Swift Recovery

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Monetary Policy and the State of the Economy.” Welcome back, Chair Powell. Since your last testimony before this Committee, the COVID-19 pandemic has continued to have a devastating impact all across the country.…

Waters Announces Updates to February Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the hearing schedule for the month of February: NEW DATE: February 25 at 10:00 AM ET: The Subcommittee on National Security, International Development and Monetary Policy will convene for a virtual hearing entitled, "Dollars against Democracy:…

Waters at Hearing on Recent Market Volatility: I Want the Facts

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services gave the following statement at a full Committee virtual hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” Good afternoon everyone. This hearing will be the first in a series of hearings for the Committee to examine the…

Waters Announces Robinhood, Citadel, Melvin Capital, Reddit CEOs and Keith Gill to Testify at Committee Hearing

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the February 18 full Committee virtual hearing entitled: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”  Vlad Tenev, Chief Executive Officer, Robinhood Markets, Inc.   Kenneth C.…

Waters Convenes Financial Services Markup on American Rescue Plan, Advancing COVID-19 Relief for Families in Need

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a markup to consider legislation to carry out President Biden’s American Rescue Plan. Today this Committee convenes for a mark up to consider legislation to carry out President Biden’s American Rescue Plan, the American Rescue Plan Act of 2021.…

Waters Highlights Need to Address Challenges Faced by Small and Minority-Owned Businesses During Pandemic

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on National Security, International Development and Monetary Policy hearing entitled, “Supporting Small and Minority-Owned Businesses Through the Pandemic.” Thank you, Chairman Himes, and I wanted to be here to congratulate you on hosting…

Waters Co-Leads Rep. Pressley Resolution Calling for the Cancellation of $50,000 of Federal Student Loan Debt Per Person

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, joined Congresswoman Ayanna Pressley (D-MA) as a co-lead of a resolution to cancel $50,000 of federal student loan debt per person. The resolution calls on the President to use executive authority to cancel student loan debt and ensure there is no tax liability for federal student loan…

At First Full Committee Hearing of 117th Congress, Waters Urges Immediate Action on COVID-19 Relief

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “More than a Shot in the Arm: The Need for Additional COVID-19 Stimulus.” Today this Committee convenes for our first full Committee hearing of the 117th Congress. This hearing is entitled, “More than a Shot in the Arm:…

Waters Floor Statement on FY2021 Joint Budget Resolution on COVID-19 Relief

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on the urgent need to pass the FY2021 Joint Budget Resolution on COVID-19 relief: Mr. Speaker, I happily rise in support of this joint budget resolution for Fiscal Year 2021 to enact our President Biden’s American Rescue Plan and provide urgently needed…

Waters Opening Statement at Committee Organizational Meeting and Markup to Adopt Committee Rules

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee organizational meeting and markup to consider a resolution to adopt the Committee’s rules for the 117th Congress.  As Prepared for Delivery Today marks the first official meeting of the Committee on Financial Services in the…

Waters Statement on OCC Action to Halt Proposal to Force Banks to Serve Gun Manufacturers and Fossil Fuel Companies

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Office of the Comptroller of the Currency’s (OCC) decision to pause the publication of a final rule that would place our financial system at risk and force banks to serve gun manufacturers and fossil fuel companies. “I am pleased that the OCC has…

Waters Announces February Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following hearing schedule for the month of February: February 3 at 11:00 AM ET: The full committee will convene for a hybrid organizational meeting and markup. February 4 at 10:00 AM ET: The full committee will convene for a virtual hearing…

Waters Announces February Hearing on Recent Market Volatility Involving GameStop, Other Stocks

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following hearing:  February 18 at 12:00 PM ET: The full committee will convene for a virtual hearing entitled: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”  See here for Chairwoman Waters’…

Following Recent Market Instability, Waters Announces Hearing on Short Selling, Online Trading Platforms

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding recent market instability.  “Hedge funds have a long history of predatory conduct and that conduct is entirely indefensible. Private funds preying on the pension funds of hard working Americans must be stopped. Private funds engaging in predatory…

Waters Applauds Biden Administration Executive Action on Fair Housing

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on President Biden’s Memorandum on Redressing Our Nation’s and the Federal Government’s History of Discriminatory Housing Practices and Policies. “I am pleased that President Biden has issued this important executive action to reassert the federal…

Waters Applauds Janet Yellen’s Confirmation as Treasury Secretary

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on the confirmation of Janet Yellen as Secretary of the U.S. Department of the Treasury. “As Chairwoman of the House Financial Services Committee, I worked closely with Janet Yellen during her service as Chair of the Board of Governors of the Federal Reserve System…

Chairwoman Waters Announces Financial Services Subcommittee Assignments for the 117th Congress

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Following the announcement of the House Financial Services Subcommittee Chairs, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Democratic Subcommittee assignments for the 117th Congress.*  Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Congressman Brad Sherman (CA-30), Chair Congresswoman Carolyn B.…

Chairwoman Waters Announces Financial Services Subcommittee Leadership for the 117th Congress

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the six Committee Members who will serve as Subcommittee Chairs for the 117th Congress. Subcommittee Chairs were chosen through a selection process based on seniority, with the confirmation of all Committee Democrats. “I am pleased to announce the very experienced, dedicated,…

Waters Announces Democratic Financial Services Committee Membership for the 117th Congress

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the Democratic Committee membership for the 117th Congress: “I am very pleased to welcome our new Democratic Members to the Financial Services Committee for the 117th Congress, and to welcome back our returning Members. The Financial Services…

Committee Releases Report on 2020 Activities

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report on the Committee’s work during the second session of the 116th Congress. During a time of crisis, the Committee worked tirelessly to provide relief and protections to individuals, families, and small businesses across the nation. “When the pandemic hit in 2020, the…

Waters Urges President-Elect Biden to Issue Presidential Memorandum to Suspend Midnight Rulemakings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to President-Elect Joseph R. Biden to urge that the Biden Administration issue a Presidential memorandum on January 20th to temporarily suspend any midnight regulations promulgated by the Trump Administration. The issuance of the Presidential memorandum would give the Biden…

Waters Slams Trump Administration’s Harmful, Rushed Actions to Limit Activities of GSEs, Bail Out Hedge Funds

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement in response to changes that Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency (FHFA) Director Mark Calabria made to Treasury’s ownership stake in the government sponsored enterprises, Fannie Mae and Freddie Mac.  “It is simply…

Waters and 22 Committee Democrats Urge OCC to Withdraw Proposal to Force Banks to Serve Gun Manufacturers and Fossil Fuel Companies

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and 22 other Financial Services Committee Democratic Members sent a letter to Brian Brooks, Acting Comptroller of the Currency, urging him to withdraw an Office of the Comptroller of the Currency (OCC) Notice of Proposed Rulemaking (NPRM) that would increase systemic risks to the financial…

Waters and Brown to Mnuchin: Listen to Stakeholders, Halt Any Significant Changes to the Housing Finance System

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Mr. Steven Mnuchin, Secretary of the Treasury, urging him to listen to concerns from all stakeholders and halt any significant changes to our housing finance…

Waters Releases Extended Statement for the Record on the Consolidated Appropriations Act, 2021: "More Relief Is Needed, But this Bill is a Step in the Right Direction”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released an extended statement for the record on H.R. 133, the Consolidated Appropriations Act 2021. The statement provides guidance on the congressional intent behind the law, and serves to fill out the congressional record in the absence of Committee consideration of the…

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