Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that she plans to lead a delegation of the Committee in attending a public meeting of the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors, which consists of FDIC Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting, Consumer Financial Protection… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, and Congressman Gregory Meeks (D-NY), Chairman of the House Subcommittee on Consumer Protection and Financial Institutions, led a letter to Jerome H. Powell, Chairman of the Board of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup to protect student loan borrowers, improve our broken credit reporting system, preserve and promote Minority Depository Institutions and strengthen our nation’s cybersecurity As Prepared for Delivery Today the Committee will… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the passing of Paul Volcker. “I am deeply saddened by the news that Paul Volcker, former Chairman of the Federal Reserve and outspoken advocate for financial reform, has passed away. Chairman Volcker was a dedicated public servant and leader whose… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Congressman Brad Sherman (D-CA) was elected by the Committee’s Democratic Caucus to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. “I am very proud of the work the House Financial Services Committee has completed during the… Read more »

Today, the U.S. House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act, a bill to create the nation’s first statute explicitly banning insider trading. H.R. 2534 creates a clear definition of illegal insider trading under securities laws so that there is a codified, consistent standard for courts and participants in financial markets, and to better protect the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Promoting Financial Stability? Reviewing the Administration’s Deregulatory Approach to Financial Stability." As Prepared for Delivery Welcome back, Secretary Mnuchin. Today we are here to discuss the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions?” As Prepared for Delivery Good morning. Today we are here to conduct oversight of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Committee Democrats wrote a letter to Ben Carson, Secretary of the Department of Housing and Urban Development, blasting the agency’s proposed changes to the disparate impact standard under the Fair Housing Act, which would make it harder for everyday Americans who find… 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 December: December 4 at 10:00 AM – The full Committee will convene for a hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R.5187, the Housing is Infrastructure Act of 2019, a bill to provide the necessary funding to improve the nation’s housing infrastructure and create jobs across the country. “We are in the midst of a housing affordability crisis across the country, caused in part by the lack of… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions.” As Prepared for Delivery Thank you, Chairman Meeks. Minority… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement in response to the Federal Reserve and Federal Deposit Insurance Corporation’s (FDIC) approval of the merger between SunTrust and BB&T. “I have long voiced concerns about the threat that megabanks pose to consumers and our economy. In order to shed light on… Read more »

Today, the U.S. House of Representatives passed H.R. 5084, the Improving Corporate Governance Through Diversity Act of 2019, a bill that requires public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity, and veteran status of their board of directors, nominees, and senior executive officers. This bill was introduced by Congressman Gregory Meeks… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement regarding a letter from HUD Secretary Ben Carson: “Ben Carson is like a duck out of water and has been a complete failure at HUD. His basic philosophy is antithetical to his duties and HUD’s mission, and reports show he doesn’t spend much time at his job. HUD… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “America for Sale? An Examination of the Practices of Private Funds.” As Prepared for Delivery Today this Committee convenes for a hearing to examine the impact of private funds on businesses and… Read more »

Today, the U.S. House of Representatives passed the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), a bill introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, that provides for a seven-year reauthorization of the Terrorism Risk Insurance Act (TRIA). The bill passed the House by a vote of 385-22. See below for… Read more »

Today, the U.S. House of Representatives passed five bipartisan financial services bills to reauthorize the Terrorism Risk Insurance Program, ensure disaster relief is distributed fairly, address homelessness and protect investors. The legislation passed by the House includes: The Reforming Disaster Recovery Act of 2019 (H.R. 3702), a bipartisan bill that would permanently… Read more »

 Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Rashida Tlaib (D-MI) and Congresswoman Ayanna Pressley (D-MA) wrote a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), to express concerns regarding the agency’s proposed National Standards for the Physical Inspection of Real… Read more »

Today, the U.S. House of Representatives passed H.R. 4863, The United States Export Finance Agency Act of 2019, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, to reauthorize and improve the Export-Import (EXIM) Bank which supports American workers, businesses and the economy. It was passed by a vote of 235-184. … Read more »

Today, the House Financial Services Committee passed eight bills to help veterans experiencing homelessness, protect servicemembers from harassment by debt collectors, and prevent predatory debt collection practices to help consumers and small businesses. See the Chairwoman’s opening statement here and the legislation below. The Ending Debt Collection Harassment Act of 2019… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following floor statement on H.R. 4863, the United States Export Finance Agency Act of 2019, a bill she introduced to reauthorize and improve the Export-Import (EXIM) Bank, which supports American workers, businesses and the economy. As Prepared for Delivery Mr. Chairman, I… Read more »

Today at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement: As Prepared for Delivery In 1993 and 1994, I sat on the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup of bills to help veterans experiencing homelessness, protect servicemembers from harassment by debt collectors, and crack down on predatory debt collection practices to help consumers and small businesses As Prepared for… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement on the SEC’s proposed rules entitled, “Amendments to Exemptions from the Proxy Rules for Proxy Voting Advice” and “Procedural Requirements and… Read more »