Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to an announcement by Wells Fargo & Company that Tim Sloan would step down as CEO, President, and Board member, effective immediately.
“I agree with Tim Sloan that it is best that he steps down. Tim Sloan has a 31-year history at Wells Fargo,… Read more »
This week, the House Financial Services Committee, held a markup of five bills to crack down on foreign corruption, uphold consumer protections, increase access to the financial system, protect retirement savers, and address the national homelessness crisis.
See the legislation below.
HR 389, Kleptocracy Asset Recovery Rewards Act, legislation that establishes a rewards… Read more »
Today, at a full Committee markup, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement.
As Prepared for Delivery
Today, this Committee convenes for a markup of five overdue bills.
As I have said before, under my leadership, this Committee will be focused on fairness and policies to benefit consumers,… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R. 1856, the Ending Homelessness Act of 2019, legislation that provides a comprehensive plan to ensure that every person experiencing homelessness in America has a place to call home.
“In the richest country in the world, it is simply unacceptable that we have people living in… Read more »
On February 22, the chairs of six committees in the U.S. House of Representatives wrote a letter to Attorney General William Barr to inform him of their expectation that he will make Special Counsel Robert Mueller’s report public “without delay.”
Today, after the Department of Justice informed Congress that Special Counsel Mueller had submitted his final report to Attorney General… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of April.
Tuesday, April 2 at 10:00 AM – The full Committee will convene a hearing entitled, “The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in Housing.”
Tuesday, April 2 at 2:00 PM – The… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn Maloney (D-NY), Chairwoman of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of March:
Tuesday, March 26 at 2:00 PM – The full Committee will convene a markup of the following bills:
HR ___, the Ending Homelessness Act (Waters)
HR 389, Kleptocracy Asset Recovery Rewards Act… Read more »
In recognition of Sunshine Week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, offered H. Res. 206, a resolution she introduced to shed light on money laundering and terrorism finance, on the House floor. The resolution was passed by a voice vote.
See Chairwoman Waters’ floor statement below.
As Prepared for Delivery
Mr. Speaker, I… Read more »
Today, following the announcement that Wells Fargo President and CEO Timothy Sloan received $2 million in performance-based incentive pay for 2018, and total compensation of $18.4 million for the year, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement:
“Given Wells Fargo’s continuing failures, it is outrageous and… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave a statement on the House floor in support of H. Con. Res. 24, a resolution which expresses the sense of Congress that the report of Special Counsel Robert Mueller should be made available to the public and to Congress. Chairwoman Waters is an original cosponsor of H. Con. Res. 24.
See… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at a hearing entitled, “Preparing for the Storm: Reauthorization of the National Flood Insurance Program.”
As Prepared for Delivery
We are here today to discuss the future of the National Flood Insurance Program (NFIP), which is critical to… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R.974, the Federal Reserve Testimony Clarification Act, bipartisan legislation that clarifies who at the Board of Governors of the Federal Reserve System will testify before Congress on the status of the Federal Reserve’s supervisory efforts.
As Prepared for… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement in support of H.R. 1414, the FINCEN Improvement Act, bipartisan legislation to strengthen the Financial Crimes Enforcement Network (FINCEN) and address key gaps in the effort to fight financial crime.
As Prepared for Delivery
Mr. Speaker, the FinCEN Improvement… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act, bipartisan legislation that would provide law enforcement more access to the critical information it needs to combat terrorism and financial crimes, by giving a safe harbor for banks that keep… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 1122, the Housing Choice Voucher Mobility Demonstration Act, bipartisan legislation to help improve services and flexibility for Americans who are receiving housing assistance.
As Prepared for Delivery
Mr. Speaker, rigorous studies have demonstrated… Read more »
WASHINGTON, D.C. -Today, in response to the Trump Administration’s release of its budget request to Congress for Fiscal Year 2020, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement:
“Trump has repeatedly shown that he has no interest in standing up for hardworking Americans and this proposal is just another example.… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo's Pattern of Consumer Abuses” with Timothy Sloan, President and Chief Executive Officer of Wells Fargo and Company.
As Prepared for Delivery
Today, we examine Wells… 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, “Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau.”
Today, this Committee convenes for a hearing on the Semiannual Report of the Consumer Financial Protection Bureau. Testifying… Read more »
Today, at a full Committee markup, the House Financial Services Committee adopted Budget Views and Estimates for Fiscal Year 2020. The Committee’s budget views were adopted along party lines by a vote of 33-24. During the markup, Democrats accepted four out of seven amendments offered by Republicans.
See below for the opening statement given by Congresswoman Maxine Waters (D-CA),… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Committee Democrats announced the reintroduction of H.R. 1500, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau).
“I consider… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, recently delivered the following remarks at the 22nd Annual Rainbow PUSH Wall Street Project Economic Summit, where she addressed issues including the racial wealth gap and the lack of diversity in asset management.
As Prepared for Delivery
The Rainbow PUSH Wall Street Project’s work to… Read more »
On Wednesday, the House Financial Services Committee’s Subcommittee on Diversity and Inclusion convened its first hearing, entitled “An Overview of Diversity Trends in the Financial Services Industry,” with Daniel Garcia-Diaz, Director, Financial Markets and Community Investment, U.S. Government Accountability Office.
During the hearing, Congresswoman Maxine Waters (D-CA), Chairwoman… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell.
Chairman Powell, welcome back to the Committee.
I am concerned about some of the actions of President Trump and… Read more »
Today, at a full Committee hearing entitled, “Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following statement.
As Prepared for Delivery
Today, this Committee convenes for a hearing on repairing the nation’s broken credit reporting system and… Read more »
