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 »
Today, the U.S. House of Representatives will vote on the Heroes Act, legislation to respond to the COVID-19 pandemic crisis.
The Heroes Act includes numerous provisions proposed by Members of the Financial Services Committee.
See here for a one-pager on the Financial Services Committee provisions in the Heroes Act.
See here for one-pagers on how the Heroes Act:
Supports… Read more »
Yesterday, the Consumer Protection and Financial Institutions Subcommittee held a virtual roundtable with prudential regulators entitled, “Update from Prudential Regulators.”
The virtual roundtable panelists included:
The Honorable Rodney Hood, Chairman, National Credit Union Administration
The Honorable Jelena McWilliams, Chairman, Federal Deposit Insurance… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement following oral arguments before the U.S. Supreme Court regarding Trump v. Deutsche Bank AG, on whether Congress has the authority to subpoena the President’s financial records.
“I am pleased that the Court has taken the historic step of convening virtually… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Michael San Nicolas (D-GU), Vice Chair of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell urging them to ensure territories are not excluded from the federal government’s COVID-19 response… Read more »
Lawmakers may not be on Capitol Hill due to the COVID-19 pandemic, but Financial Services Committee Democratic Members are working around the clock to protect families, small businesses, and the economy.
To date, Committee Democrats have sent more than 148 letters, introduced 50 legislative measures, and hosted over 61 stakeholder discussions to examine and address the impact of… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that on Wednesday, May 13, Consumer Protection and Financial Institutions Subcommittee Chairman Gregory Meeks (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) will host a virtual roundtable discussion entitled, “Update from Prudential Regulators.”
Panelists for the… Read more »
