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Ranking Member Waters Delivers Opening Statement at Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee markup. Good morning. Today, this Committee is marking up six bills, including four bills that Committee Democrats and Republicans have crafted together to defend our national security. My bill, the “No Russian Agriculture…

Ranking Member Waters, Representative Nunn Introduce Critical Legislation to Support Ukraine, Reduce Reliance on Russia for Agricultural Commodities

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Zach Nunn (R-IA), announced the introduction of bipartisan legislation entitled, “No Russian Agriculture Act.” Over the last 17 months, Russia’s unprovoked, criminal war against Ukraine, led by Russian President Vladimir Putin, his military, and his mercenaries, has posed…

Ranking Member Waters Commends FHFA’s 100-Year Review of the FHLBank System and Urges Special Attention to Recent Bank Failures, Affordable Housing and Community Development Mission

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Federal Housing Finance Agency (FHFA), expressing support for FHFA’s forthcoming report on its review of the Federal Home Loan Bank (FHLBank) System, ahead of the FHLBanks’ centennial year. In the letter, Ranking Member Waters urges a thorough review to ensure…

Ranking Member Waters Delivers Opening Statement at Subcommittee Hearing with SEC’s Division of Corporation Finance

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee hearing on Capital Markets entitled, “Oversight of the SEC’s Division of Corporation Finance.” Thank you, Director Gerding for your attendance here today. This is the second week where Republicans are pressing their culture…

ICYMI: Ranking Member Waters Hosts Roundtable Combatting Extremist MAGA Attack on ESG Policy

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As extreme MAGA Committee Republicans kick off their month-long anti-ESG campaign, this week, Congresswoman Waters convened a roundtable entitled, “Combatting the MAGA Attack: Protecting Environmental, Social, and Governance Policy in Financial Services.” The roundtable included a panel of experts who shared their thoughts and perspectives with Committee members on the importance of ESG…

Ranking Member Waters Delivers Opening Statement at Extremist MAGA Anti-ESG Subcommittee Hearing on the Proxy Process: “This Committee Has Real Work to Do When It Comes to Investor Protection, And This Paternalistic, Disingenuous Approach to Shareholder Rights Is Not It.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a subcommittee hearing on Capital Markets entitled, “Reforming the Proxy Process to Safeguard Investor Interests.” Today, Republicans are giving the term “investor protection” new meaning by pushing legislation that would protect investors…

Ranking Member Waters Delivers Opening Statement at Committee Democratic Roundtable on Combatting Extremist MAGA Attack on ESG Policy

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee delivered the following opening statement at a roundtable she convened entitled, “Combatting the MAGA Attack: Protecting Environmental, Social, and Governance Policy in Financial Services” Good afternoon, thank you for joining this Roundtable on environmental, social, and governance – or…

Ranking Member Waters: “Anti-Woke” Means Ripping Freedoms, Rights, and Opportunities from Women, People of Color, and Members of the LGBTQ Community

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Serviced Committee, delivered the following opening statement at a full Committee hearing entitled, “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation.” Good morning. Today’s hearing marks the beginning of a month-long Republican offensive to feed the daily…

Ranking Member Waters Calls on Treasury Department, SEC to Share Analysis on Republican Digital Assets Market Structure Bill

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Janet Yellen, the Secretary of the United States Treasury along with Gary Gensler, Chair of the Securities and Exchange Commission (SEC), urging the two agencies to share their analysis on the draft digital assets market structure legislation released by Committee Republicans…

ICYMI: Ranking Member Waters Hosts Deposit Insurance Roundtable, Discusses Solutions to Strengthen Banking System

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In light of the recent failures of Silicon Valley Bank, Signature Bank, and First Republic, today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, convened a Deposit Insurance Roundtable. The roundtable included a panel of stakeholders and experts who shared their views on deposit insurance reform and solutions to formulate a legislative…

Ranking Member Waters Delivers Opening Statement at Deposit Insurance Roundtable: “…The Current Deposit Insurance System Should Be Strengthened So Regulators Don’t Have to Rely on Emergency Authorities in the Future.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at the Deposit Insurance Roundtable she convened: Good afternoon, thank you for joining our Democratic Financial Services Committee Member Roundtable on deposit insurance reform. Before I begin, I would like to remind Members and our panel that…

Ranking Member Waters Blasts GOP “MAGA Housing Scam Act” on House Floor

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor in opposition of H.R. 3564, a Republican bill that would hurt homeownership for middle-class families, and urged her colleagues to vote “no.” I rise in strong opposition to H.R. 3564, the “MAGA Housing Scam Act,” which follows the blueprint of the GOP Tax Scam…

Ranking Member Waters, Senator Warren Reintroduce Bill Requiring the Fed to Close Racial Employment and Wage Gaps

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Elizabeth Warren (D-MA), announced they reintroduced the Federal Reserve Racial and Economic Equity Act, legislation that would require the Federal Reserve to use its existing authorities to close racial employment and wage gaps and report on how the gaps change over time.…

Ranking Member Waters Delivers Opening Statement at Subcommittee Hearing with SEC’s Division of Trading and Markets

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee hearing on Capital Markets entitled, “Oversight of the SEC’s Division of Trading and Markets.” Thank you. Last Congress, Republicans threatened that the SEC Chair Gensler would testify very frequently, but they seem…

Ranking Member Waters Delivers Opening Statement at Full Committee Hearing with Federal Reserve Chair Powell

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” Chairman Powell, welcome back. First, I’d like to start by acknowledging that the Federal Reserve made the right decision to pause interest…

Ranking Member Waters Reintroduces Groundbreaking Bills to Combat Urgent Housing and Homelessness Crises

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, reintroduced a legislative housing package aimed at tackling the affordable housing crisis, ending homelessness, and eliminating the racial wealth and homeownership gaps in the United States. Together, these bills represent the single largest and most comprehensive investment in…

Ranking Member Waters Announces First Wave of Legislation from Committee Democrats in Response to Recent Bank Failures

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of a first wave of Committee Democratic bills to respond to the recent failures of Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank, which were the 2nd, 3rd, and 4th largest bank failures in U.S. history. This first wave includes legislation…

Waters, Brown Ask CFIUS to Evaluate National Security Risks of PGA Tour Merger with Saudi-Backed LIV

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the Secretary of the U.S. Department of the Treasury and the Chair of the Committee on Foreign Investment in the United States (CFIUS) expressing concern about the…

Ranking Member Waters Urges Chair McHenry to Immediately Convene Hearing Examining Impact of Artificial Intelligence on Housing, Financial Services and Consumers

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, urging McHenry to immediately convene a hearing to explore the implications of generative Artificial Intelligence (AI) on housing and financial services. In the letter, Ranking Member Waters sounds the alarm on…

Ranking Member Waters Delivers Opening Statement During Full Committee CFPB Hearing: “This Attack on the CFPB is Yet Another Destructive Effort by Republicans to Undermine All Types of Government Programs…”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” Remarks as prepared for delivery: Good morning, and welcome Director Chopra. I am so pleased that we’re here this…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing on Digital Assets: “…Our Securities Laws—Which Have Worked For Every Other Industry For 90 years—Can Also Work For Crypto Firms.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” Good afternoon. Last week, Republicans posted a bill that would rewrite our nation’s securities and commodities laws.…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Treasury Secretary Janet Yellen: “The Biden Administration and Democrats Have Shown What Happens When You Deliver Legislation That Puts Working Families First.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Good morning. I’d like to welcome Secretary Yellen before our Committee today. I want to…

Ranking Member Waters’ Statement on the Passing of Dr. William E. Spriggs

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the passing of economist Dr. William Edward Spriggs. “I am deeply saddened to hear about the passing of Dr. Bill Spriggs. Dr. Spriggs was a beloved and trailblazing economist, and workers’ rights advocate, who maintained the courage to push the needle…

Ranking Member Waters Calls on Treasury's Federal Insurance Office to Produce Report for Congress Following Exodus of Insurance Companies from California

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the U.S. Department of the Treasury and the Federal Insurance Office (FIO) following the recent wave of insurance companies reducing or eliminating coverage options in the State of California. In the letter, Ranking Member Waters calls on FIO to provide a report to…

Ranking Member Waters Secures Bipartisan Suspension Victories

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced passage of the following bills under suspension of the rules. H.R. 2593, the Senior Security Act is a bill offered by Representative Josh Gottheimer (D-NJ) that would establish the Senior Investor Taskforce within the SEC. The taskforce must report on topics relating to investors…

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