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… 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, “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:… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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’… Read more »

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… Read more »

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… Read more »

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… Read more »

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.… Read more »

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,… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »