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Waters Statement at Bipartisan Conference Committee Meeting on Farm Bill

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, participated in a 2018 Farm Bill Conference Committee meeting to discuss H.R. 2, the 2018 Farm Bill. During the discussion, Ranking Member Waters gave the following statement, urging her colleagues to protect Section 12609, which would extend the National Flood Insurance Program (NFIP)…

Waters Calls on Hensarling to Hold Hearing with Otting on OCC Fintech Charter

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, sent a letter to Committee Chairman Jeb Hensarling requesting a hearing with Comptroller of the Currency Joseph Otting on the Office of the Comptroller of the Currency’s (OCC) decision to begin accepting special purpose national bank charter applications from non-depository financial…

Waters Statement on the OCC’s Advanced Notice of Proposed Rulemaking on CRA Modernization

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Tags: OCC

Today, in response to the Office of the Comptroller of the Currency’s release of an Advanced Notice of Proposed Rulemaking (ANPR) seeking comment on modernizing the regulatory framework to implement the Community Reinvestment Act (CRA), Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, made the following comment: “Congress passed the Community…

Waters Statement on OCC Fintech Charter Announcement and Treasury Report

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Today, in response to the U.S. Department of Treasury’s regulatory report on financial technology (fintech) and the Office of the Comptroller of the Currency’s (OCC) announcement that it will accept applications for national bank charters from fintech companies, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following…

Waters Continues Push for Flood Insurance Reauthorization

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Today, the U.S. House of Representatives passed S. 1182, the National Flood Insurance Program (NFIP) Extension Act, by a vote of 366-52. The NFIP provides flood insurance coverage to over 5 million Americans and S. 1182 would reauthorize the program through November 30. Last week, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, led a…

Waters: It Must be a Top Priority for This Committee to Improve the State of Housing in This Country

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Today, at a House Financial Services Committee markup of seven bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Mr. Chairman, let me just say that I was encouraged by our bipartisan agreement on the JOBS Act 3.0 package, and the resulting House passage of the bill with…

Waters and 61 Members Demand Long-Term Reauthorization of National Flood Insurance Program

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In a letter to House and Senate leadership, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and 61 Members of Congress called for a commitment to ensuring that homeowners, businesses and renters are able to protect their property in the face of flooding. “Following an historic 2017 hurricane season, which for the first time on record…

Waters to Fed Chair: Trump’s Policies Threaten Economic Gains Put in Motion During the Obama Administration

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Today, at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: Thank you, Mr. Chairman, and welcome Chairman Powell. Mr. Chairman, I am very concerned about the impact of the…

Waters Statement on Bipartisan Legislation to Help Small Businesses and Protect Investors

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement in support of S.488, the JOBS and Investor Confidence Act of 2018, a bipartisan bill that facilitates access to capital for small businesses, increases protections for consumers and investors, fights the scourge of drug and human trafficking, and…

Waters and Hensarling Unveil Bipartisan Capital Markets Reform Legislation

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and Congressman Jeb Hensarling (R-TX), Chairman of the House Committee on Financial Services, announced that they have reached an agreement on a package of strong, bipartisan capital-formation legislation to help America’s small businesses and entrepreneurs and to protect investors. The…

At Hearing on International Financial System, Waters Presses Mnuchin on Trump’s Trade War

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Today, at a hearing with Treasury Secretary Steven Mnuchin entitled “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. I am looking forward to…

Waters Statement at Bipartisan Committee Markup

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Today, at a House Committee on Financial Services markup of bipartisan legislation, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, I want to thank you and Members of the Committee for considering six Democratic bills today that will…

Waters Supports Passage of Eight Bipartisan House Bills

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Yesterday, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, supported eight bipartisan bills that were passed by the U.S. House of Representatives. Seven out of the eight bills were passed out of the House Committee on Financial Services. Ranking Member Waters played a leading role in the consideration of each of these overwhelmingly…

Waters Statement on Federal Reserve’s Approval to Reward Wells Fargo Executives

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Today, in response to the Federal Reserve’s approval of Wells Fargo's capital plan to increase dividend payments by 10 percent and spend up to $24.5 billion on stock buybacks, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “I am troubled by the Federal Reserve’s recent decision to approve Wells Fargo’s…

Ranking Members Press FEMA Administrator on Slow Hurricane Recovery Efforts in Puerto Rico

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Tags: HUD

With the 2018 hurricane season underway and Puerto Rican families still struggling in the aftermath of Hurricanes Maria and Irma, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, Congresswoman Nydia M. Velázquez (D-NY), Ranking Member of the House Committee on Small Business, Congressman Bennie G. Thompson (D-MS), Ranking Member on the House…

At Carson Hearing, Waters Condemns Trump Administration’s Problematic Housing Proposals

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full committee hearing entitled, “Oversight of the Department of Housing and Urban Development.” This hearing follows Waters’ introduction of legislation to restore fair housing protections eliminated by Secretary Carson: Thank you, Mr. Chairman Mr.…

Waters Introduces Bill to Restore Fair Housing Protections Eliminated by Secretary Carson

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Tags: CFPB, HUD

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced H.R. 6220, the Restoring Fair Housing Protections Eliminated by HUD Act of 2018, a bill to restore several fair housing protections that Ben Carson, Secretary of the Department of Housing and Urban Development (HUD), has eliminated. “The Department of Housing and Urban…

Waters Floor Statement in Support of Bipartisan Effort to Reform CFIUS

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement on H.R. 5841, the “Foreign Investment Risk Review Modernization Act of 2018,” a bill to reform and provide additional resources for the Committee on Foreign Investment in the United States (CFIUS). As Prepared for Delivery Mr. Speaker, I yield…

Waters: Trump Administration’s Failure to Act on Condominium Rule Is Unacceptable

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Tags: FHA, HUD

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on the Trump Administration’s failure to issue a final U.S. Department of Housing and Urban Development (HUD) regulation implementing reforms to the Federal Housing Administration’s (FHA) policies regarding mortgage insurance for condominiums. “Condominiums…

Waters Highlights Need for Protections for Investors and Retirement Savers at Hearing with SEC Chairman

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Oversight of the U.S. Securities and Exchange Commission (SEC)” with SEC Chairman Jay Clayton. Thank you very much, Mr. Chairman, and welcome back, Chairman Clayton. Mr. Chairman, given recent developments regarding…

At Subcommittee Hearing, Water’s Presses ICE Official on Agency’s Role in Human Rights Abuses Occurring on the Border

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Today, at a Terrorism and Illicit Finance Subcommittee hearing entitled “Illicit Use of Virtual Currency and the Law Enforcement Response,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: As Prepared for Delivery Thank you for scheduling today’s hearing to examine the illicit uses of virtual currency and the law…

Waters: GOP Tax Scam is a Giveaway to Wall Street at the Expense of Hardworking Americans

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Tags: Budget

Today, at a full Committee hearing on the effects of H.R. 1, the Republican tax scam legislation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: Thank you, Mr. Chairman. Since we are taking the time today to discuss the effects of H.R. 1, the Republican tax scam, I’d like to make it very clear what is really in…

Waters Statement on the Nomination of Kathy Kraninger to Head the CFPB

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on President Trump’s nomination of OMB Associate Director Kathy Kraninger to serve as Director of the Consumer Financial Protection Bureau. In 2017, Trump illegally appointed his Office of Management and Budget Director, Mick Mulvaney, to serve as Acting…

Waters Introduces Bill to Improve Protections for Homeowners Facing Foreclosure

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Tags: GSE, FHA, FHFA

The bill comes on the heels of Ranking Member Waters’ bill to prevent foreclosures on FHA Borrowers. A decade after the devastating foreclosure crisis, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, continues the fight to ensure hardworking Americans can remain in their homes by introducing H.R. 6102, the Homeowner Mortgage Servicing…

Waters Statement on FY19 Financial Services Funding Bill

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Today, in response to the House Committee on Appropriations markup of the fiscal year 2019 Financial Services and General Government Appropriations bill, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “The Trump Administration and Congressional Republicans are shameless in their attempts to rollback…

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