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Waters, McHenry Lead Bipartisan Efforts Highlighting the Impact of AI on the Financial Services and Housing Industries

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Ahead of a hearing to examine how technology is shaping the future of finance, the top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA) and Chairman Patrick McHenry (R-NC), introduced two bipartisan measures highlighting the impact of artificial intelligence (AI) on the financial services and housing industries. Ranking Member Waters…

Ranking Member Waters to Chairman McHenry at Hearing with Securities and Exchange Commissioners: “Before the End of This Year, I Want Us to Strike a Grand Bargain on Stablecoins and Other Long Overdue Bills.”

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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, “Oversight of the Securities and Exchange Commission.” Good morning. I’d like to welcome the Chair of the Securities and Exchange Commission, Gary Gensler, along with Commissioners Peirce, Crenshaw,…

ICYMI: Ranking Member Maxine Waters Highlights Democrats' Work to Strengthen Economy, and Address the Housing Crisis During Hearing with Chair Powell

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   This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, spoke with Federal Reserve Chair Jerome H. Powell during a full Committee hearing. During the hearing, Congresswoman Waters highlighted the booming economy and discussed several critical economic issues with the Chairman: Strong Economy: Congresswoman Waters…

Maxine Waters, Ranking Member, Delivers Opening Statement During CFPB Hearing: “After 14 Years of Attacks from Congressional Republicans and the Industry…the Supreme Court Sided with Consumers and Affirmed What I and Committee Democrats Have Been Saying All Along: the CFPB is Constitutional and Here to Stay!”

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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.” Thank you very much, Mr. Chairman. And first, let me say to Director Rohit Chopra, thank you for your patience this morning. I…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on Oversight of the FDIC: “… Republicans Are Attacking the Democratic Chair… But Will [They] Call for Anyone Who Has Been Found Liable for Sexual Abuse to Stand Down from Holding Other Positions of Power in Government, Like, for Example, the Former President…”

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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, “Oversight of the FDIC’s Failed Leadership and Toxic Workplace Culture.” Good morning. Thank you to our witnesses for being here today, including Acting Comptroller Hsu who testified just a few weeks…

Ranking Member Waters Opposes “Not Fit For Purpose Act” on House Floor: “I Urge My Colleagues to Stand Up. Don’t Be Afraid of Big Crypto and Stand for Everyday Investors and Consumers!”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to oppose the “Not Fit For Purpose Act,” which is a bill that would significantly restrict the regulatory authority of the Securities and Exchange Commission and eliminate all rules for the crypto industry. I rise in strong opposition to H.R. 4763, which I am…

Maxine Waters, Ranking Member, Announces Passage of Bipartisan Bills to Expand Affordable Housing and Support Homeless Veterans

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during today’s full Committee markup aimed at removing barriers to housing disabled veterans experiencing homelessness and increasing transparency in plans for community building while encouraging localities to build…

Maxine Waters, Ranking Member, Delivers Opening Statement During 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. Thank you, Chairman McHenry. Good morning. Today, most of the bills we are marking up unfortunately are not only partisan, but also massively deregulatory, harmful to our nation’s consumers and investors, and do…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing with Banking Regulators: “All Employees Deserve a Work Environment Where They Feel Safe, and it is Chair Gruenberg’s Responsibility to Make Sweeping Changes…”

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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, “Oversight of Prudential Regulators.” Thank you very much Mr. Chairman. Good morning. I’d like to thank our witnesses from the Federal Reserve, the FDIC and the OCC for coming before the Committee…

Maxine Waters, Ranking Member, Calls on Appropriators to Fund Critical Provisions to Combat Housing and Homelessness Crisis, Support Small Businesses and Protect Nation’s Investors

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund provisions that would address our nation’s worsening housing and homelessness crisis, support small, minority-owned businesses, and to protect our nation’s investors…

Maxine Waters, Ranking Member, Announces Passage of Democratic-Led Bills in Response to Bank Failures

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led, bipartisan bills that passed during yesterday’s full Committee markup aimed at safeguarding consumers and taking steps to prevent additional bank failures following the collapse of Silicon Valley Bank, First Republic, and Signature Bank last year.…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Markup: “The Republican—Led Bills Today Serve as Further Proof that Republicans Will Always Choose Wall Street and Corporate Elites Over Our Nation’s Consumers.”

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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. Thank you, Chairman McHenry. Good morning, everyone. Today, this Committee is marking up several bills. Unfortunately, most of the bills we are considering are not bipartisan, and would pose significant harm to…

ICYMI: Ranking Member Maxine Waters Honored with the National Low-Income Housing Coalition’s 2024 Policy Champion Award

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This week, the National Low-Income Housing Coalition (NLIHC), honored Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, with the 2024 Policy Champion Award during their 50th anniversary celebration. During the celebration, NLIHC acknowledged Congresswoman Waters’ unwavering work and dedication in Congress to advance equity, justice, and…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing: “Committee Democrats are Fighting Back…to Strengthen the Safety and Soundness of the Banking System, Protect Depositors, and Prevent Future Financial Crises.”

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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, “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” Thank you very much Mr. Chairman. Good morning. Last week, we marked the one-year…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing with Fed Chair Powell: “As House Republicans Continue to Disappoint, Committee Democrats are Offering Evidenced-Based Solutions to Keep a Fair and Affordable Housing Agenda as the Top Priority in Congress.”

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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 Federal Reserve’s Semi-Annual Monetary Policy Report.” Thank you very much Mr. Chairman. Good morning, everyone. Welcome back Chair Powell. While I am pleased by the progress the Fed and the Biden…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Markup: “Republicans Are Proposing Bills That Prove They Are All Talk When It Comes to Combatting Our Nation’s Worsening Affordable Housing and Homelessness Crisis.”

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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. Thank you very much, Mr. Chairman. Good morning. Today, this Committee is marking up five bills, including my bill, as you just mentioned the “Wildfire Insurance Coverage Study Act.” Climate change is making…

Maxine Waters, Ranking Member, Opposes Capital One’s Proposed Purchase of Discover

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following news that Capital One Financial Corporation is proposing to purchase Discover Financial Services for $35 billion. “I am deeply opposed to Capital One’s announced acquisition of Discover. This merger, which involves two of the country’s largest banks…

ICYMI: Ranking Member Maxine Waters, Committee Democrats Commit to “Finish the Job” on Addressing Urgent Affordable Housing and Homelessness Crisis During 2024 Democratic Issues Conference

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During last week’s 2024 Democratic Issues Conference, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, hosted a breakout session entitled, “Housing for All: Tackling the Affordable Housing and Homelessness Crisis.” The breakout session included Congressman Emanuel Cleaver (D-MO), the Ranking Member on the Subcommittee on Housing and…

Waters to Yellen: “Wall Street Is Peddling Lies About What Needed Capital Reforms Will Do”

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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 Annual Report of the Financial Stability Oversight Council.” (U.S. Secretary of the Treasury Janet Yellen and House Financial Services Committee Ranking Member Maxine Waters) Treasury…

Ranking Member Maxine Waters, Subcommittee Ranking Members Urge Chair McHenry to Hold Hearing on Racial Disparities in Mortgage Approvals at Navy Federal Credit Union

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and the Committee’s Subcommittee Ranking Members sent a letter to Congressman Patrick McHenry (R-NC), Chair of the Committee, calling for an immediate hearing to address significant racial disparities in mortgage approval rates at Navy Federal Credit Union (NFCU), the largest credit…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing with Department of Housing: “HUD has Helped House and Provide Services to Over 2.6 million People Experiencing or At-Risk of Homelessness.”

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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, “Oversight of the Department of Housing and Urban Development & the Federal Housing.” Good morning, Madam Secretary. It is indeed my honor to welcome you before the Committee today. On behalf of…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Consumer Financial Protection Bureau: “Committee Democrats Urge Our Nation’s Justices to Stand with The 82% of Americans, Including 77% of Republicans Who Want the Agency to Continue Doing its Job.”

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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.” Good morning. I’d like to welcome Director Rohit Chopra back to our Committee and applaud the excellent work the CFPB has done…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Prudential Regulators: “After the Failures of Silicon Valley Bank, Signature Bank, and First Republic…It Was Our Nation’s Regulators and President Biden’s Treasury Department That Protected Our Nation’s Economy.”

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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, “Oversight of Prudential Regulators.” Good morning and thank you Mr. Chairman for holding this hearing, continuing the tradition that Democrats started in holding semi-annual hearings to provide…

Ranking Member Waters Announces Passage of Bipartisan Legislation to Protect U.S. National Security During Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during this week’s full committee markup. Next, these bills will await passage on the House floor. H.R. 6365, the “Stopping Illicit Oil Shipments Act of 2023” led by Ranking Member Maxine Waters (D-CA). This…

Ranking Member Waters Delivers Opening Statement During Full Committee Markup: “There Is a Strong, Bipartisan Desire to Send a Clear Signal That Terrorism, From Iran’s Support of Hamas and Hezbollah to Russia’s Illegal Invasion of Ukraine Will Not Be Tolerated.”

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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 markup. Good morning. On October 7th, Hamas launched a deadly attack against the people of Israel, resulting in the death of more than 1,400 Israelis, as well as over 30 Americans. I again condemn Hamas for this…

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