Following the Securities and Exchange Commission’s (SEC) approval of its long awaited rules for money market mutual funds, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement noting the SEC’s progress and underscoring the importance of the Financial Stability Oversight Council in moving these rules toward completion.
… Read more »
Following allegations of discrimination and unfair treatment of women at Goldman Sachs Group, and in light of a continuing examination of similar claims at the Consumer Financial Protection Bureau (CFPB), two senior Democratic members of the House Financial Services Committee are calling on Republican leadership to examine the matter.
In a letter to Committee Chairman Jeb Hensarling… Read more »
WASHINGTON, D.C. – On the fourth anniversary of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Financial Services Committee Ranking Member Maxine Waters (D-CA) released a Democratic staff report that documents the important progress regulators have made in implementing Dodd-Frank, as well as the unyielding Republican effort to… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, announced that former Chairman Barney Frank (D-MA) will return to Congress this Wednesday to testify at a hearing to assess “the Impact of the Dodd-Frank Act Four Years Later.”
“For 20 years, Barney Frank and I worked together closely on the Financial Services Committee, but… Read more »
Today, Congressmen Elijah E. Cummings (D-MD), Ranking Member of the House Committee on Oversight and Government Reform, Senator Ed Markey (D-MA) and Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee announced the release of a Government Accountability Office (GAO) report on medical credit cards and related… Read more »
Following the United States Senate’s passage of legislation to extend the Terrorism Risk Insurance Act for seven years, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised the chamber’s action, and its strong bipartisan vote of 93-4. Over the past several weeks, Waters has been engaged in productive discussions with Democrats,… Read more »
Growing support for legislation that would provide the Securities and Exchange Commission (SEC) with the ability to expand its oversight of investment advisers today hit a bipartisan milestone.
Senior House Republican and former Chairman of the Financial Services Committee Rep. Spencer Bachus(R-AB) has thrown his support behind the measure, known as the Investment Adviser… Read more »
Following reports that House Republicans lack the votes to pass the harmful TRIA Reform Act, Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Financial Services Committee, called on members of both parties to work together to achieve consensus on the renewal of the Terrorism Risk Insurance Act.
She released the following statement:
“The TRIA Reform Act does… Read more »
As Federal Reserve Chair Janet Yellen returned to testify before the House Financial Services Committee today, Congresswoman Maxine Waters (D-CA), the Ranking Democrat, laid out the significant challenges that lie ahead for the Fed, underscored the need to continue the unfinished business of Wall Street Reform and criticized Republican efforts to undermine the independence of… Read more »
As House Republicans prepare to set parameters for the upcoming debate over legislation to fundamentally change the Terrorism Risk Insurance Act (TRIA), 27 Democrats on the Financial Services Committee have called for a full, open debate on the legislation.
In a letter to Speaker John Boehner (R-OH) and Rules committee Chairman Pete Sessions (R-TX), the lawmakers renewed their… Read more »
As the House of Representatives considers the harmful Republican financial services and general government appropriations proposal, Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Financial Services Committee, offered three amendments designed to provide adequate resources to our financial regulators.
The amendments build off concerns raised by Waters last week, when she… Read more »
Citing the Securities and Exchange Commission’s (SEC) “abysmal” number of annual investment advisor examinations, the top Democrat on the House Financial Services Committee is calling on its Chairman to consider legislative proposals that would increase these reviews.
In a letter to Committee Chairman Jeb Hensarling (R-TX), Ranking Member Maxine Waters (D-CA) noted that despite… Read more »
At today’s full committee hearing to discuss legislation purported to “reform” the Federal Reserve, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, expressed serious concerns with the proposal’s impact on the Fed’s ability to promote growth, stabilize the economy and take decisive action to avoid an economic collapse.
Citing… Read more »
As the House of Representatives moves toward consideration of a financial services spending bill, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, criticized Republicans for attempting to use an appropriations measure to make controversial legislative changes that would undermine consumer protection, weaken important Wall Street reforms and hurt… Read more »
WASHINGTON, D.C. – In the aftermath of a divisive Export-Import Bank hearing for the Republican Party, Congresswoman Maxine Waters (D-CA) called on Financial Services Committee Chairman Jeb Hensarling (R-TX) to heed the calls of his Republican caucus and strike a deal on the Bank.
“It is clear from yesterday’s hearing that not only does a majority of the House of Representatives support… Read more »
In response to the Department of Housing and Urban Development’s (HUD) solicitation of comment on its controversial “Promise Zones” program, Congresswoman Maxine Waters (D-CA-43) expressed her deep concerns with the proposed selection process and called on the Department to ensure that it does not leave our nation’s hardest hit communities behind.
In a letter to HUD Secretary… Read more »
At today’s full committee hearing to discuss the future of the Export-Import Bank,Congresswoman Maxine Waters (D-CA) blasted Republicans for giving in to the extremist element of the Republican party in pushing to end the Bank. The Ranking Member of the Financial Services Committee underscored the importance of the Bank to American jobs, small businesses and the economy, as well as… Read more »
Following the release of a report from the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) urging officials to take legal action against servicers and insurers over practices related to force-placed insurance, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, praised the FHFA for investigating the issue, and raised… Read more »
In the aftermath of a divisive Export-Import Bank hearing for the Republican Party,Congresswoman Maxine Waters (D-CA) called on Financial Services Committee Chairman Jeb Hensarling (R-TX) to heed the calls of his Republican caucus and strike a deal on the Bank.
“It is clear from yesterday’s hearing that not only does a majority of the House of Representatives support renewing… Read more »
At today’s full committee hearing to discuss the Financial Stability Oversight Council (FSOC) with Treasury Secretary Jack Lew, Congresswoman Maxine Waters (D-CA) highlighted the important work of the Council in identifying systemic risk and protecting American homeowners, consumers, and the economy.
Specifically, the Ranking Member of the Committee on Financial Services… Read more »
In response to statements made by Rep. Kevin McCarthy regarding his newfound opposition to the Export-Import Bank, a critical lifeline for countless American businesses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, blasted the newly-elected leader’s reversal of position on the Bank’s future. The comments come just one day before the… Read more »
As the House of Representatives considers a bill to renew the Commodities Futures Trading Commission (CFTC), Congresswoman Maxine Waters (D-CA), criticized provisions that would hamstring regulators’ ability to regulate the complex and important derivatives marketplace.
The Ranking Member of the Committee on Financial Services criticized the provisions as a multifaceted Republican… Read more »
In today’s full committee markup, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, voiced her strong opposition to Republican measures to radically change the Terrorism Risk Insurance Act (TRIA) and undercut the Financial Stability Oversight Council (FSOC).
On TRIA, Waters blasted Republicans for drafting legislation that jeopardizes a… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, commended Consumer Financial Protection Bureau (CFPB) Director Richard Cordray for the Bureau’s significant accomplishments in protecting our nation’s consumers and service members who have been victimized by unscrupulous corporations and financial institutions.
At today’s full… Read more »
In the wake of recent reports that U.S. banks are restructuring overseas derivatives transactions to sidestep critical protections enacted under the Wall Street Reform Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, has called on the top U.S. derivatives regulator to “thoroughly investigate” the removal of U.S. guarantees from arrangements… Read more »
