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House Passes Waters’ Resolution to Help Americans Affected by the Trump Shutdown

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement, on H. Res. 77, a resolution to encourage financial institutions, consumer reporting agencies, and other entities to do what they can to help consumers, including federal employees, contractors, small businesses, and other individuals affected by the Trump…

Chairwoman Waters Announces Subcommittee Assignments

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Following Thursday’s announcement of House Financial Services Subcommittee Chairs, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Subcommittee assignments for the 116th Congress. Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Congresswoman Carolyn B. Maloney (NY-12), Chair Congressman Brad Sherman…

Committee Chairs Press Mnuchin for Documents on Sanctions Relief for Businesses Tied to Deripaska

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congressman Adam Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence; and Congressman Eliot Engel (D-NY), Chairman of the Committee on Foreign Affairs, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, requesting all documents and records…

Democratic Committee Leaders Respond to the Trump Administration’s Lifting of Sanctions on Russian Businesses Tied to Oleg Deripaska

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Today, House Financial Services Committee Chairwoman Maxine Waters (D-CA), House Foreign Affairs Committee Chairman Eliot L. Engel (D-NY), Ways and Means Committee Chairman Richard Neal (D-MA), and House Permanent Select Committee on Intelligence Chairman Adam Schiff (D-CA) released the following statement after the Treasury Department lifted sanctions against companies tied to Russian…

Waters Floor Statement on Bipartisan Legislation to Investigate Abuses of Financial Technology

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 56, the Financial Technology Protection Act, bipartisan legislation that would strengthen efforts to deter terrorist and illicit abuses of financial technology. As Prepared for Delivery I’m so pleased that this body will vote on H.R. 56, the…

Waters Floor Statement in Support of Bipartisan Bill to Counter Drug and Sex Trafficking

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 502, the FIND Trafficking Act, bipartisan legislation which requires the Government Accountability Office (GAO) to study how online marketplaces and virtual currencies are being used for sex and drug trafficking. As Prepared for Delivery Mr.…

Waters Floor Statement on Her Bipartisan Legislation to Curb Illegal Insider Trading

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 624, the Promoting Transparent Standards for Corporate Insiders Act, bipartisan legislation which requires the Securities and Exchange Commission (SEC) to consider certain types of amendments to Rule 10b5-1 that would ensure corporate insiders are…

Chairwoman Waters Issues Statement on the Passing of Tom Duncan

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the passing of Thomas Gamble Duncan, former House Financial Services Committee General Counsel: “I am deeply saddened to learn of the passing of Tom Duncan. Tom’s knowledge and mastery of the legislative process was indispensable. “During his tenure, he…

Waters and Brown Call on Otting to Detail His Plans for FHFA

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Tags: GSE, OCC, FHFA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Joseph Otting, Comptroller of the Currency, following President Trump’s appointment of Otting to serve as Acting Director of the Federal Housing Finance Agency…

Chairwoman Waters Announces Financial Services Subcommittee Leadership

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the six Committee Members who will serve as Subcommittee Chairs. Each Subcommittee Chair was chosen through a selection process based on seniority, with the confirmation of all Committee Democrats. “I am pleased to announce the very talented, experienced and diverse new…

Waters to Financial Institutions: Describe Your Activities to Help Customers Affected by the Shutdown

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On Friday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote to the heads of financial services industry trade associations and the largest credit reporting agencies to call on them to describe what their institutions and member companies are doing to help consumers affected by the Trump shutdown. “President Trump’s shutdown of the…

Waters Calls Out Carson for Failing to Protect Critical Housing Programs During Trump Shutdown

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Tags: HUD, Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), demanding that HUD follows its own Contingency Plan during the longest shutdown in U.S. history. In the letter, Chairwoman Waters expressed concerns about HUD’s failure to ensure…

Waters Statement on the Trump Shutdown’s Impact on the Treasury Department

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the impact of the Trump shutdown on the U.S. Department of Treasury, the agency that plays a critical role in the U.S. economy including collecting taxes and paying the debts of the United States. “The Trump shutdown is the longest in U.S. history. I remain…

Waters and McHenry Introduce Bipartisan Legislation to Curb Illegal Insider Trading

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Committee on Financial Services, announced the introduction of H.R. 624, the Promoting Transparent Standards for Corporate Insiders Act, bipartisan legislation which requires the Securities and Exchange Commission (SEC) to…

Waters Applauds House Passage of Resolution of Disapproval to Block the Trump Administration’s Actions to Ease Sanctions on Companies Tied to Russian Oligarch

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement applauding House passage of H.J. Res. 30, a Resolution of Disapproval to reverse the U.S. Department of the Treasury’s decision to lift sanctions on companies owned by Russian oligarch Oleg Deripaska. “Today the House overwhelmingly passed H.J. Res. 30, a…

Chairwoman Waters: It’s a New Day

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Following her first policy speech as Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), sat down for a brief discussion where she outlined her plans as Chairwoman in the 116th Congress and addressed a wide range of important issues, including consumer protection, affordable housing, diversity and inclusion, working across the aisle, and the racial…

Waters Welcomes New Democratic Members of the Financial Services Committee

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Following Speaker Pelosi’s announcement of new appointments to the House Committee on Financial Services, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee, issued the following statement: “The 116th Congress is the most diverse in U.S. history and I am very pleased that the Financial Services Committee Democratic Caucus will reflect its diversity. We have new Members…

Waters Outlines Agenda in First Policy Speech as Committee Chairwoman

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress: As Prepared for Delivery Thank you for the very warm welcome, and to the Center for American Progress for holding this event. CAP’s research and policy work are highly respected and a valued resource…

Waters Statement on Senate Resolution to Block the Trump Administration’s Actions to Ease Sanctions on Companies Tied to Russian Oligarch

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the U.S. Treasury Department’s decision in December to remove sanctions on three Russian companies connected to Russian oligarch Oleg Deripaska: “I am very concerned about the Treasury Department’s actions to lift sanctions on businesses connected…

Waters Urges Regulators to Protect Americans Experiencing Financial Hardship Due to Trump Shutdown

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On Thursday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote a letter to Federal Reserve Chairman Jerome Powell, Federal Deposit Insurance Corporation Chairman Jelena McWilliams, Consumer Financial Protection Bureau Director Kathy Kraninger, Comptroller of the Currency Joseph Otting, and National Credit Union Administration Chairman Mark…

Waters Statement on the Trump Shutdown’s Impact on Housing in this Country

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Tags: FHA, HUD, Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement on the impact of the Trump shutdown on the Department of Housing and Urban Development (HUD), the agency that is responsible for expanding housing opportunities and providing safe, decent, and affordable housing for millions of families across the…

Waters: Trump Shutdown is Jeopardizing Integrity of our Financial Markets

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Tags: SEC, Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee of Financial Services, made the following floor statement in support of H.R. 264, the Financial Services and General Government Appropriations Act of 2019, which would restore funding for federal government agencies to continue their important work on behalf of the American public: Thank you very much Mr.…

House Chairs Demand Answers On Sanctions Relief For Russian Oligarch

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The chairs of seven committees in the House of Representatives today are calling on the Trump Administration to explain the easing of sanctions on businesses tied to Russian oligarch Oleg Deripaska. In response to a December 19, 2018 notification that the Treasury Department intends to terminate sanctions against three companies tied to Deripaska, the lawmakers wrote Secretary of the…

Waters Statement on FEMA’s Decision Not to Issue or Renew Flood Insurance Policies During Government Shutdown

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the Federal Emergency Management Agency’s (FEMA) decision not to issue or renew flood insurance policies during the government shutdown: “Last week, I worked with Democrats and Republicans to pass bipartisan legislation, which was signed…

Waters Statement on Trump and Mnuchin’s Recent Actions

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in response to the recent actions and statements of President Trump and Treasury Secretary Mnuchin: “The financial markets need certainty, and a Federal Reserve that can independently set monetary policy. The recent actions of the President and the…

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