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 »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of March:  March 2 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Monetary Policy and the State of the Economy.” March 8 at 10:00 AM ET: The full Committee will convene for a… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Marcia Fudge, Secretary of the United States Department of Housing and Urban Development (HUD) as well as the Appraisal Subcommittee, the Appraisal Foundation, and the Appraisal Institute regarding ongoing appraisal bias and discrimination, calling on the federal… Read more »

Following the successful conclusion of their annual retreat, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report on the Committee’s work during the first session of the 117th Congress. During a time of crisis, the Committee continued to work tirelessly to provide relief and protections to individuals, families, and small businesses… 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 hearing entitled, “Small Businesses, Big Impact: Ensuring Small and Minority-Owned Businesses Share in the Economic Recovery.” Thank you very much, Chair Perlmutter, for holding this… Read more »

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, “The Role of the International Monetary Fund in a Changing Global Landscape.” Thank you, Chairman Himes. The International Monetary Fund has long been… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Jimmy Gomez (D-CA) co-led a letter with 36 Members of California’s Congressional delegation to Treasury Secretary Janet Yellen urging the Department of the Treasury to reallocate unused Emergency Rental Assistance Program (ERA) funds to states with the highest need for such… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following the statement on confirmation of Reta Jo Lewis as President and Chair of the Board of Directors of the Export-Import Bank of the United States (EXIM):  “I want to congratulate Reta Jo Lewis on her historic confirmation as President and Chair of EXIM. As the first… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “An Unprecedented Investment for Historic Results: How Federal Support for MDIs and CDFIs Have Launched a New Era for Disadvantaged Communities.” Minority depository institutions, or MDIs, and community development financial… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement applauding the Boston Federal Reserve board for its selection of the first Black woman to serve as the president of a regional Federal Reserve Bank. “I applaud the Boston Federal Reserve board of directors for announcing Dr. Susan Collins as the next president of the… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins.” Today’s hearing is part of this Committee’s ongoing review of digital assets. This Committee has been… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Sen. Sherrod Brown, Chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Rep. Carolyn B. Maloney, Chairwoman of the House Committee on Oversight and Reform, wrote to Treasury Secretary Janet Yellen and Financial Crimes Enforcement Network (FinCEN) Acting Director… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement after the Federal Deposit Insurance Corporation (FDIC) announced that FDIC board member, Martin Gruenberg, has become Acting Chair pursuant to the succession plan provided in the agency’s bylaws. “I want to congratulate Marty Gruenberg for being elevated to… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the passage of the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022 in the House, which includes key provisions that Chairwoman Waters worked closely with members on the Financial Services Committee and with… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement today at a Subcommittee on Diversity and Inclusion hearing entitled, “Building Opportunity: Addressing the Financial Barriers to Minority and Women-Owned Businesses’ Involvement in Infrastructure Projects.” Thank you so very much, Ms. Beatty. I am so pleased that… Read more »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement today at a Subcommittee on Housing, Community Development and Insurance virtual hearing entitled, “Housing America: Addressing Challenges in Serving People Experiencing Homelessness.” Thank you so very much for this subcommittee hearing that you’re doing. And I’m… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after the U.S. Housing and Urban Development (HUD) Office of Inspector General (OIG) released a report that found that the Los Angeles Homeless Services Authority (LAHSA) failed to utilize $3.5 million in federal homeless assistance funds that later expired… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced nine provisions included in the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022. The America COMPETES Act of 2022, which was introduced in the House of Representatives today, strengthens the competitiveness… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of February: February 2 at 10:00 AM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Housing America: Addressing Challenges in Serving People Experiencing Homelessness.”… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee released a statement on the Board of Governors of the Federal Reserve System’s (Federal Reserve) discussion paper regarding a potential U.S. central bank digital currency (CBDC).  “As a growing number of Americans and businesses engage with or invest in digital assets such as… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of January: POSTPONED - January 20 at 10:00 AM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Housing America: Addressing Challenges in Serving People… Read more »

This week, the U.S. House of Representatives passed two bipartisan House Financial Services Committee bills. The Ghost Army Congressional Gold Medal Act (S. 1404), a bill by Senator Edward Markey (D-MA). This bill provides for the award of a Congressional Gold Medal to the 23rd Headquarters Special Troops and the 3133rd Signal Services Company, known collectively as the Ghost… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Mark Warner (D-VA) sent a letter to Federal Reserve Chair Jerome Powell to urge the Federal Reserve to provide guidance as soon as possible to Subchapter S and Mutual bank Emergency Capital Investment Program (ECIP) recipients on concerns they raised. Chairwoman Waters led… Read more »