Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement regarding the inclusion of her legislation, the Housing Is Infrastructure Act, in the Moving Forward Act, House Democrats’ infrastructure package which will soon be considered by the House.
“I am very pleased that this very important piece of legislation,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Wm. Lacy Clay (D-MO), Chair of the Subcommittee on Housing and Insurance, and Congressman Juan Vargas (D-CA), sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), and Mark Calabria, Director of the Federal Housing Finance Agency… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Jay Clayton, Chairman of the Securities and Exchange Commission (SEC), reiterating her call for the agency to halt rulemakings unrelated to the pandemic.
“At the beginning of the crisis, I called on all of our financial regulators, including the Securities and Exchange… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Energy Secretary Dan Brouillette regarding comments he made inappropriately comparing decisions by commercial banks not to finance drilling in the Arctic National Wildlife Refuge to redlining. The letter also addresses Brouillette’s assertion that the Trump Administration… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, sent a letter to Rae Oliver Davis, Inspector General for the U.S. Department of Housing and Urban Development (HUD), requesting an investigation into HUD’s decision to exclude Deferred Action for… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following addition to the June Committee calendar:
June 30 at 12:30 PM: The full Committee will hold a hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” This hearing will convene in a “hybrid” format, which provides for… Read more »
Today, Financial Services Committee Chairwoman Maxine Waters (D-CA), Ways and Means Committee Chairman Richard E. Neal (D-MA), and Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Department of Treasury (Treasury) and the Small Business Administration (SBA) announced they would disclose certain information regarding Paycheck Protection… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services announced the following updates to the June Committee schedule:
NEW FORMAT: June 25 at 12:00 PM – The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets hearing entitled, “Capital Markets and Emergency Lending in the COVID-19 Era,” will convene in a “hybrid”… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at today’s hearing, “Monetary Policy and the State of the Economy.”
Chair Powell, the law that required the Federal Reserve Chair to testify before Congress twice each year was established in 1978. However, no Fed Chair has ever testified before this… Read more »
On the heels of the Trump Administration’s decision not to release the names of companies that received funding through the Paycheck Protection Program (PPP), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Richard E. Neal (D-MA), Chairman of the House Committee on Ways and Means, and Congresswoman Nydia M. Velázquez (D-NY),… Read more »
Following the release of data on the number of American renters who were unable to pay rent for the month of June, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Denny Heck (D-WA) issued the following statement.
“It is very clear that Congress must take immediate action to prevent an impending eviction crisis. Analysis… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions, introduced a Congressional Review Act resolution to reverse the harmful Community Reinvestment Act (CRA) rule recently finalized by the Office of the Comptroller of the Currency.… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding a letter that Acting Comptroller of the Currency Brian Brooks sent to the National League of Cities, the U.S. Conference of Mayors, and the National Association of Governors regarding efforts to combat COVID-19.
“With this inappropriate letter… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement regarding the Office of the Comptroller’s issuance of a final rule on interest rates on transferred loans:
“It is shameful that on his first day on the job, new Acting Comptroller Brian Brooks is already following in Comptroller Otting’s footsteps in… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement regarding the U.S. Department of the Treasury’s and Small Business Administration’s (SBA) announcement that it is setting aside $10 billion in Paycheck Protection Program (PPP) funds to be distributed by Community Development Financial Institutions (CDFIs).
“I… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of June:
June 3 at 12:00 PM – The Subcommittee on Consumer Protection and Financial Institutions will convene for a hearing entitled, “Promoting Inclusive Lending During the Pandemic: Community Development Financial… Read more »
Today, the Subcommittee on National Security, International Development, and Monetary Policy held a virtual roundtable with cybersecurity experts entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis."
The virtual roundtable panelists included:
Mr. Tom Kellermann, Head of Cybersecurity Strategy, VMware
Mr. Guillermo Christensen,… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 28, the Subcommittee on National Security, International Development and Monetary Policy Chairman Emanuel Cleaver (D-MO) and Ranking Member French Hill (R-AR) will host a virtual roundtable entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19… Read more »
Today the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets held a virtual roundtable with capital market experts entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets."
The virtual roundtable panelists included:
Christopher Gerold, President, North American Securities Administrators Association and Bureau Chief of the New… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 26, Subcommittee on Investor Protection and Capital Markets Chairman Brad Sherman (D-CA) and Ranking Member Bill Huizenga (R-MI) will host a virtual roundtable entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets,” with the following… Read more »
Yesterday, the Subcommittee on Housing, Community Development, and Insurance Subcommittee held a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.”
The panelists for the virtual roundtable included:
Diane Yentel, President and CEO, National Low Income Housing Coalition
Kristy W. Fercho, Vice Chairman,… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, Friday, May 22, Housing, Community Development, and Insurance Subcommittee Chairman Wm. Lacy Clay (D-MO) and Ranking Member Steve Stivers (R-OH) will host a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.”
The panelists… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement in response to the Office of the Comptroller of the Currency’s (OCC) issuance of a final rule weakening the implementation of the Community Reinvestment Act (CRA):
“It is simply outrageous that in the midst of the Coronavirus pandemic and on his way out the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, and Steven Mnuchin, Secretary of the U.S. Department of the Treasury, following up on conversations to ensure that the Federal Reserve and Treasury programs and facilities to respond to the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following floor statement in support of the Heroes Act (H.R. 6800).
Mr. Speaker, I rise in strong support of H.R. 6800, the Heroes Act. This legislation includes a number of important proposals from the Members of the Financial Services Committee, and builds upon my proposal… Read more »
