Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to urge a “NO” vote on H.R. 3838, the National Defense Authorization Act (NDAA). Waters blasted Speaker Johnson for blocking amendments offered by Committee Democrats to strengthen consumer protections, safeguard small businesses and community banks, expand… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Evaluating the Financial Crimes Enforcement Network.” “Thank you, Chairman Davidson and Ranking Member Beatty. While I am pleased to… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement on the 20th anniversary of Hurricane Katrina. Congresswoman Waters played an instrumental role in the post-storm recovery. Working with other Members of Congress, Waters helped to secure billions for impacted Gulf communities, deliver 3,000 new… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, reintroduced her bill entitled, the “Strengthening Housing Supply Act,” which aims to tackle the nation’s worsening affordable housing crisis. Waters previously introduced this bill in the 118th Congress, H.R. 6948 and in the 117th Congress, H.R. 9522. During the 117th Congress, Waters… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, Congressman Bill Foster (D-IL), Ranking Member of the Subcommittee on Financial Institutions and Monetary Policy, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Senator Ruben Gallego (D-AZ), are demanding answers from Navy… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Donald Trump’s late-night attempt to fire Federal Reserve Board Governor, Dr. Lisa Cook. “This is what authoritarianism looks like. Donald Trump’s attempt to fire Dr. Lisa Cook is a flagrant, dangerous assault on the independence of the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to President Trump, Federal Housing Finance Agency Director Bill Pulte, and the Department of Justice’s Weaponization Working Group Director Edward R. Martin Jr.’s allegations and attacks on Federal Reserve (Fed) Governor Lisa Cook. The Fed is the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a federal appeals court ruling allowing President Donald Trump to resume the mass firings at the Consumer Financial Protection Bureau (CFPB) and continue shuttering the Bureau. This year, Congresswoman Waters led more than 200 Democrats in two amicus… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Muscogee Nation Supreme Court ruling in favor of full citizenship for descendants of Freedmen formerly enslaved by the tribal nation, rejecting the Muscogee Nation attorney general’s attempt to deny their citizenship rights. Congresswoman Waters has… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Trump’s Executive Order making it easier for local jurisdictions to remove homeless people from the streets. “Let me be very clear: forcibly removing people from the streets and institutionalizing them is not just cruel and inhumane, but… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during today’s full Committee markup. The bills aim to expand access to financial services, strengthen small businesses, capital formation, and advance national security at home and abroad. H.R. 4544, the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following a federal judge’s decision to reinstate former National Credit Union Administration Board members, Todd Harper and Tanya Otsuka, ruling that President Trump’s move to remove the two Democratic appointees in April was illegal. “I applaud the U.S.… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed twelve bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 1764, the “Aligning… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, personally delivered a letter to Chairman French Hill (R-AR) during a full Committee Markup, urging him to comply with the Committee’s legal obligation under the Dodd-Frank Act requiring the Consumer Financial Protection Bureau (CFPB) Director to appear before Congress for a semi-annual… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to reports that the U.S. Department of Housing and Urban Development (HUD) is preparing to drop seven major investigations and cases against local and state governments across the U.S. concerning alleged discriminatory housing… Read more »

Committee Republicans just voted to block an amendment from Congresswoman Rashida Tlaib (D-MI) which would have forced the release of Jeffrey Epstein’s financial files, and particularly details about his shady and suspicious financial transactions. Recent reports revealed billions of dollars in payments to women, including those in Belarus and Russia. Unfortunately, Committee… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee markup. “Good morning and thank you Mr. Chairman. Today, we are marking up a series of bills. While I’m encouraged that many are bipartisan, I’m deeply concerned that a few proposals from my Republican colleagues… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, reintroduced H.R. 4551, the “Employee Paycheck and Small Business Protection Act.” This bill would update the deposit insurance framework for business payment accounts to ensure small businesses can bank with community financial institutions and continue to pay their employees, even if… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of H.R. 4544, the “American Access to Banking Act.” This bill is designed to promote the creation of new community banks and credit unions known as de novo depository institutions. This includes new Minority Depository Institutions, Community Development… Read more »

On the fifth and final day of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are doing a deep dive into Trump’s staggering personal fortune made solely from his crypto schemes—$1.2 billion and counting, according to a Forbes investigation. Source: Forbes From day 1 in office, Trump has been doing everything in his power to ensure crypto… Read more »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast H.R. 1919, the Republicans’ so-called “Anti-CBDC Surveillance State Act,” a bill that would immediately halt and prohibit the United States from exploring the potential benefits of a central bank digital currency, or CBDC. “Over the hours, we will hear… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast S. 1582, the Republicans’ so-called “GENIUS Act.” This bill lacks critical provisions to maintain the longstanding separation of banking and commerce, protect consumers, preserve our national security, promote financial stability, and importantly, fails… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to blast H.R. 3633, Republicans’ so called “CLARITY Act.” The bill presents several serious risks: it exposes consumers to exploitation by bad actors in the crypto industry, undermines national security, and ignores Donald Trump’s escalating conflicts of interest… Read more »

AFL-CIO (largest labor union in U.S.): So-called CLARITY and GENIUS Acts “pose risks to both retirement funds and to the overall financial stability of the U.S. economy.” “We need to make sure that the financial system is stable instead of creating a casino for crypto billionaires to make more profits” For weeks, House Financial Services Ranking Member Maxine Waters has sounded… Read more »

On Day 4 of Anti-Crypto Corruption Week, Ranking Member Maxine Waters and Committee Democrats are exposing how Donald Trump has sidelined crypto criminal watchdogs—so no one would be watching him. He stripped away the oversight mechanisms meant to keep crypto corruption in check, clearing the way for him and his allies to profit off their crypto cons in the shadows, unchecked. One… Read more »