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.
Last month our nation’s economy was rocked by two of the largest bank failures in U.S. history – Silicon Valley Bank and Signature Bank. These failures harmed small businesses everywhere. But we are not here… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected to be Vice Ranking Members for the 118th Congress:
Congresswoman Sylvia Garcia, Texas – Vice Ranking Member of the Full Committee
Congressman Sean Casten, Illinois – Vice Ranking Member of the… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “Oversight of the Securities and Exchange Commission.”
As prepared for delivery
Good morning and welcome, Chair Gensler.
Right now, our financial system is still recovering from the sudden collapse of… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “The Federal Regulators' Response to Recent Bank Failures.”
Good morning. I’d like to thank Chairman McHenry for working with me in a bipartisan way on investigating the failures of Silicon Valley Bank and… Read more »
Today, the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), and the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) and Signature Bank to be held at 10:00 AM ET on March 29, 2023. This will be the first of… Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Federal Reserve, Treasury Department and the Federal Deposit Insurance Corporation (FDIC), announced new actions regarding Silicon… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.”
Good morning, Chair Powell. Since your last visit, our country, under the leadership of President Biden, has made major progress to improve economic… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led bills that passed during the Committee’s first markup, and shared the list of amendments that Committee Democrats offered in response to Republican’s data privacy bill.
The following Democratic-led bills passed during this week’s full Committee… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent the following letter to the Under Secretary of Commerce for the Minority Business Development Agency (MBDA), Donald Cravins, Jr., regarding the agency’s Capital Readiness Program. In the letter, Waters calls on the Under Secretary to take the necessary steps to ensure that… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Supreme Court’s announcement that it will review the Fifth Circuit’s ruling in the case of Consumer Financial Protection Bureau v. Community Financial Services Association of America.
“The Consumer Financial Protection Bureau is a popular and… Read more »
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.
Today, we are marking up bills that both Committee Democrats and Republicans have worked on together to reach agreement. Notably, most of these bills aim to hold the Chinese government accountable. With that… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Combating the Economic Threat from China.”
Thank you, Mr. Chairman. As we discuss how to bolster our economy and to counter threats from China, I’d like to start by saying that if House Republicans continue… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee sent a letter to Chairman Patrick McHenry (R-NC) urging the Chair to move promptly to convene a hearing to discuss how Congress will act to protect the creditworthiness of the United States, along with the dire and lasting economic consequences that will follow if Congress fails to do so.… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services, delivered the following opening statement at the full Committee organizational meeting where the Committee approved the Subcommittee leadership and membership, the Committee Rules, and the oversight plan for the 118th Congress:
Today, we will be formally establishing our subcommittee leadership and… Read more »
Congresswoman Maxine Waters (D-CA), the top Democrat on the House Committee on Financial Services, delivered the following testimony in front of the Rules Committee on the resolution entitled, “Denouncing the Horrors of Socialism.”
Thank you. Chairman Cole, Ranking Member McGovern and Members of the Committee, the American public is going to wonder why Republicans are wasting our time… Read more »
Following the White House’s release of a Renter’s Bill of Rights Blueprint, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement:
“I applaud the Biden Administration’s historic release of its blueprint for a Renters Bill of Rights. As housing prices have skyrocketed by nearly 20% during the pandemic, many U.S.… Read more »
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected by the House Democratic Steering and Policy Committee to serve on the House Financial Services Committee:
Democratic Members on the Financial Services Committee for the 118th Congress:
Maxine Waters, California, Ranking… Read more »
Following news that Wells Fargo will be dramatically shrinking its home lending business and narrowing its focus to mortgage lending for existing customers and borrowers in communities of color, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement:
“After a string of abusive practices, years of breaking the… Read more »
Following news that Committee Republicans plan to eliminate the Diversity and Inclusion Subcommittee first established by then-Chairwoman Waters in 2019, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement:
“I am deeply disappointed and disturbed to hear that Committee Republicans plan to eliminate the… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently… Read more »
On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee held a hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.” where CFPB Director, Rohit Chopra, testified before the Committee as part of the agency’s semi-annual report to Congress. During the hearing, Chairwoman Waters and Committee… Read more »
On Tuesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee held a hearing entitled, “Investigating the Collapse of FTX, Part I” to kick start the Committee’s efforts into uncovering the truth about the collapse of FTX. Despite the fact that prior to his expected appearance, former CEO and founder, Sam Bankman-Fried was arrested by the Department… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Cory Booker (D-NJ) sent a letter to the United States Government Accountability Office (GAO) highlighting the severe lack of progress our nation’s federally managed pension funds have made in boosting representation of diverse asset management firms over the years. In the… Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hybrid hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.”
Today, we welcome Mr. Rohit Chopra, Director of the Consumer Financial Protection Bureau, to our Committee. I would like to take a… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Investigating the Collapse of FTX, Part I.”
I’d like to welcome Mr. John Ray the third, who has been appointed as CEO of FTX to oversee its bankruptcy, to testify before our Committee for the first part of our… Read more »
