As a majority of the House of Representatives, Democrats and Republicans, came together today to gather enough signatures on a discharge petition to force a vote on the reauthorization of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, provided the 218th signature required by House rules to move the historic process… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued letters to the Government Accountability Office (GAO) urging the agency to review two controversial demonstration programs at the U.S. Department of Housing and Urban Development (HUD): Moving to Work (MTW) and the Rental Assistance Demonstration (RAD). The letters come as Congress… Read more »

In opening remarks during a Financial Services Committee markup today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, outlined the negative impacts of the group of bills under consideration and stressed the need to revive export credit financing for American businesses and workers. Specifically, the Ranking Member pointed out that the measures threaten to hamper… Read more »

In opening remarks during today’s full Committee hearing with Consumer Financial Protection Bureau Director Richard Cordray, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services panel, commended the results outlined in the agency’s semi-annual report. Waters also underscored the importance of the agency’s work to develop rules on payday lending, debt collection… Read more »

In response to G.E.’s second major announcement in the past two weeks that it will expand its operations in Europe where export credit financing is made readily available, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement: “I am disappointed that as another day has passed without action from House Republican… Read more »

Following the announcement of a decision today by the Federal Open Markets Committee to hold off on raising interest rates, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, commended the cautious and prudent approach to ensuring continued economic growth of the U.S. economy. In the statement, Waters noted global market volatility and the fact… Read more »

In response to General Electric’s announcement of relocation of its production and jobs to France, Hungary, and China in the wake of the expiration of the Export-Import Bank’s charter, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the negative impacts of Republican’s obstruction on communities across the nation. The ranking… Read more »

During floor debate on H.R. 3461, a resolution to approve the Joint Comprehensive Plan of Action, the deal struck between Iran and six world powers in July, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, led several Democrats in expressing their support for the deal on the House floor. Waters remarks also emphasized growing support for the… Read more »

Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Committee on Financial Services, hosted an in-depth discussion today with actor, activist, and philanthropist Richard Gere and a panel of policy experts on the state of homelessness in America, focusing on the need for additional resources, coordination, and attention to help prevent and end homelessness in America. In… Read more »

Today, September 9, 2015, marks the 50th anniversary of the U.S. Department of Housing and Urban Development’s (HUD) founding. In commemoration of this milestone, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, commended HUD for its unparalleled work expanding opportunity and providing safe, decent, and affordable housing for millions of… Read more »

Congresswoman Maxine Waters (D-CA), Ranking Member of Committee on Financial Services, will participate in the observance of the 10th Anniversary of Hurricane Katrina to highlight the progress made since the depths of the storm and underscore the remaining work that must be done to ensure full recovery in the Gulf. Congresswoman Waters played an instrumental role in the post-storm… Read more »

Following an announcement of several hundred layoffs planned at Boeing’s satellite factory in southern California, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the very real impact the Export-Import Bank’s shut down is having on American workers. The layoffs add to the growing number of jobs at risk as a result of the export… Read more »

Following an announcement of a settlement agreement between the U.S. Department of Justice (DOJ) and the Housing Authority of the County of Los Angeles (HACoLA) to resolve allegations that it collaborated with the cities of Lancaster and Palmdale, as well as the County’s Sheriff’s Department to discourage low-income African American residents from utilizing Section 8 Housing Choice… Read more »

As House Republicans prepare to leave town for a nearly six-week summer recess, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, took the party to task for failing to take any action to re-open the Export-Import Bank, which has been shut down for nearly a month. Waters blasted Republicans for voting against a procedural motion called the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced legislation to reform a controversial demonstration program at the U.S. Department of Housing and Urban Development (HUD) known as the “Moving to Work” (MTW) program. The measure, entitled the “Moving to Work Reform Act,” seeks to address many of the known shortcomings of the… Read more »

At the second in a series of hearings on the fifth anniversary of the Dodd-Frank Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, noted that while Dodd-Frank has done much to stabilize our financial system, the devastating effects of the crisis continue to affect some of the most vulnerable segments of our population. She also underscored… Read more »

At a hearing to discuss the Dodd-Frank Wall Street Reform Act's increased capital and liquidity requirements for the nation's biggest banks, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial Services Committee, strongly rebuked critics by showing how these requirements have effectively stabilized and strengthened financial markets. The top Democrat pointed to reports of… Read more »

Following a meeting at the White House with President Obama and small business owners affected by the shutdown of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored Democrats’ commitment to passage of a long-term reauthorization of the export credit agency. She issued the following statement: “I am pleased… Read more »

Today, a broad and diverse group of House Democrats expressed their strong support for a rule proposed by the Department of Labor (DOL) that seeks to ensure those providing investment advice are actually working in the best interest of retirement savers. In a letter led by Reps. Maxine Waters (D-CA), Ranking Member of the Financial Services Committee and Bobby Scott (D-VA), Ranking… Read more »

Five years after its passage, a new report has concluded that while the Dodd-Frank Wall Street Reform Act has been successful in the face of constant Republican attack, more must be done to ensure all Americans can benefit from our nation's recovery. The findings were announced today as part of a comprehensive report released by Democratic staff on the Financial Services Committee, at the… Read more »

Leading House Democrats today sent a letter urging United States Trade Representative (USTR) Michael Froman to negotiate provisions in the upcoming Trans-Pacific Partnership (TPP) trade agreement that provide governments the flexibility to help protect and strengthen the stability of their financial systems by implementing measures that would stem flows of speculative capital. The… Read more »

At the conclusion of a first-of-its-kind Capitol Hill gathering of lawmakers and religious leaders to discuss the impact predatory payday and small-dollar lending practices are having in communities across America, Congresswoman Maxine Waters (D-CA) announced she will be calling on some of the country’s most notable endowments and state retirement plans to begin to take steps to divest… Read more »

Five leading Democratic lawmakers today called on President Obama to urge the International Monetary Fund (IMF) to revisit the terms of Jamaica’s current economic program, which to date has been characterized by continued low growth, a decline in social indicators, high unemployment and threats to social cohesion. The House lawmakers did so in a letter led by Congresswoman Maxine Waters… Read more »

In opening remarks during today’s semi-annual Humphrey-Hawkins hearing with Federal Reserve Chair Janet Yellen, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, urged caution as the Federal Reserve considers raising interest rates before the end of the year. Waters touted the importance of the Dodd-Frank Wall Street Reform Act in ensuring… Read more »

Congresswoman Maxine Waters (D-CA), the Ranking Democrat on the House Committee on Financial Services, is raising serious objections to what she characterized as a “harmful” Senate proposal to expand the Moving to Work (MTW) Program at the Department of Housing and Urban Development (HUD). In a letter addressed to leaders on the House and Senate Appropriations Committees, Ranking Member… Read more »