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Waters on COVID-19 Relief Bill: Much More Relief Needed, But Bill is an Important First Step

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following floor statement regarding the COVID-19 relief bill. Mister Speaker, the relief in this bill is desperately needed as families struggle during the pandemic crisis. The negotiations were difficult, they were tough and I wish we could have done even more but I’m…

Waters Secures Emergency Rental Assistance and Support for CDFIs and MDIs in Bipartisan COVID-19 Relief Bill

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the bipartisan COVID-19 relief bill. “After much negotiation, I am very pleased that I have been able to secure $25 billion in emergency rental assistance, a one-month extension of the eviction moratorium, and $12 billion in funding for community…

Waters, Neal Joint Statement on Dangerous GOP Senate Provision in Coronavirus Negotiations 

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Today, House Committee on Financial Services Chairwoman Maxine Waters (D-CA) and Ways and Means Committee Chairman Richard E. Neal (D-MA) issued the following statement as Senate Republicans demanded the inclusion of a dangerous provision from Senator Pat Toomey (R-PA) in COVID-19 relief legislation that would hamstring the new Administration’s ability to recover from the economic crisis…

Waters Floor Statement on Urgent Need for Coronavirus Response Legislation

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the House floor on the urgent need to pass coronavirus response legislation. Mister Speaker, the COVID-19 pandemic crisis continues to have a terrible impact throughout the nation. Cases are surging, and thousands are dying from the virus every day. There…

Waters Applauds Nomination of Representative Marcia Fudge to Serve as Secretary of the Department of Housing and Urban Development

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement applauding President-Elect Joe Biden’s nomination of Representative Marcia Fudge (D-OH), to serve as Secretary of the Department of Housing and Urban Development. “In nominating Representative Marcia Fudge as Secretary of the Department of Housing and Urban…

Waters Statement on the National Defense Authorization Act for FY 21

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement regarding the inclusion of several Democratic financial services measures in the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she served as a conferee. Today, the House of Representatives approved the…

Waters Provides Recommendations to President-Elect Biden on Trump Actions to Reverse

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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, providing recommendations on areas where the Biden Administration should immediately reverse the actions of the Trump Administration, and several actions that the Biden Administration can immediately take to coordinate the federal response…

Waters Demands Regulators Cease and Desist from Finalizing Midnight Rules Until President-Elect Biden Assumes Presidency

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, sent a letter to agencies within the Committee’s jurisdiction calling on them to cease and desist from finalizing any “midnight rulemakings” or other administrative actions until President-Elect Joseph R. Biden is sworn into office on January 20, 2021.  “On November 3, 2020, the American…

Waters Urges Calabria to Halt Efforts to Release the GSEs from Conservatorship, Calls for Testimony Before Committee

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Tags: FHFA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), urging him to fully engage with Congress, halt all efforts to raise the capital requirements for Fannie Mae and Freddie Mac and halt all efforts to release them from conservatorship. The letter also…

Waters Statement on Inclusion of Key Democratic Financial Services Bills in FY 2021 NDAA

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the inclusion of several Democratic financial services measures in the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she served as a conferee. “As Chairwoman of the Financial Services Committee, I…

Waters Statement on her Approval as Financial Services Committee Chairwoman for 117th Congress by the House Democratic Caucus

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Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, issued the following statement regarding her approval by the House Democratic Caucus to chair the House Committee on Financial Services for the 117th Congress. “I am deeply honored to have been approved by the House Democratic Caucus to again serve as Chairwoman of the House Financial Services…

Waters Calls Out Mnuchin for Prematurely Ending Essential Emergency Lending Programs

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following statement at a full Committee hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Today the Committee convenes to conduct oversight over the Treasury Department’s and Federal Reserve’s pandemic response. This pandemic…

Waters: Financial Services Committee Democrats Will Keep Working Until COVID-19 Relief is Passed

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the need for Congress to pass additional COVID-19 relief legislation: “Today, at our regularly scheduled caucus meeting of Financial Services Committee Democrats, Members expressed grave concerns about the COVID-19 pandemic and the need for the…

Waters Applauds Selection of Yellen as Treasury Secretary Nominee

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, applauded President-elect Biden’s historic announcement that he will nominate Janet Yellen to serve as Secretary of the U.S. Department of the Treasury. “Janet Yellen will make an exceptional Treasury Secretary who I know will work diligently to tackle this pandemic crisis and ensure…

Waters, House Chairs Seek Accounting of Political Appointees Burrowing into Career Positions at Dozens of Agencies

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and other House Committee Chairs sent a letter to 61 federal agencies requesting information on conversions of political appointees to civil service positions during the Trump Administration. “Protecting the nonpartisan expertise of the career civil service is essential to the safety and…

Waters Announces December 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 December: December 2 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” All hearings are livestreamed on…

Waters Calls on GSA Administrator to Ascertain Biden as President-Elect; Initiate Presidential Transition Process

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to General Services Administration (GSA) Administrator Emily Murphy requesting that she immediately ascertain Joe Biden as the president-elect and initiate the transition process with the Biden transition team. “I request that you immediately ascertain Joe Biden as the…

Waters Blasts the Trump Administration’s Move to Shut Down Key CARES Act Facilities Put in Place to Support Economy During the Pandemic

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services Committee, blasted the Trump Administration for the announcement that it is attempting to shut down key emergency lending programs created by the CARES Act to support the economy during the COVID-19 pandemic: “It is clear that Trump and Mnuchin are willing to spitefully destroy the…

Waters Secures Inclusion of Provisions on Beneficial Ownership, Preventing Money Laundering and Combatting International Corruption in FY 2021 NDAA

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she has been appointed a conferee. “I am very pleased to serve as a conferee for H.R. 6395, the William (Mac) Thornberry National Defense…

Waters Warns That Small Businesses May Permanently Close Due to COVID-19 if Action Is Not Taken Soon

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a Subcommittee on Housing, Community Development, and Insurance virtual hearing entitled, “Insuring against a Pandemic: Challenges and Solutions for Policyholders and Insurers.” “Thank you very much Chairman Clay. When the COVID-19 pandemic hit in March,…

Waters Statement on Proposed Acquisition of BBVA USA by PNC

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement on the news that PNC Financial Services Group, Inc. (“PNC”) plans to acquire BBVA USA Bancshares. “The proposed acquisition of BBVA USA Bancshares by PNC would create the fifth largest bank in the United States. For far too long, regulators and the Department…

Waters to Regulators: President-Elect Biden Has a Mandate to Protect Consumers and End Trump's Wall Street First Agenda

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions during the Pandemic.” On November 3, America decisively rejected President Trump, his harmful…

Waters, House Committee Chairs Send Dozens of Letters Directing White House and Federal Agencies to Preserve Documents

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and other Committee Chairs across the House of Representatives sent letters directing the White House and more than 50 federal agencies within their jurisdictions to comply with federal record-keeping laws and preserve information responsive to congressional subpoenas and investigations.…

Chairwoman Waters Announces November Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of November: November 12 at 12:00 PM ET – The full Committee will convene for a virtual hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository…

Waters Blasts Senate Republicans’ Vote to Abet Redlining By Blocking Resolution Reversing Harmful Community Reinvestment Act Rule

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after H.J. Res 90, a Congressional Review Act resolution introduced by Chairwoman Waters and Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions, to reverse the harmful Community Reinvestment Act rule…

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