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Waters Opening Statement at Hearing on Oversight of Prudential Regulators

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.”  Welcome, Chairman Harper and Acting Comptroller Hsu, and welcome back Chairman…

Waters Announces Subcommittee Vice Chairs for 117th Congress

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the Financial Services Committee Vice Chairs for the 117th Congress. “I am excited to announce the Committee’s Subcommittee Vice Chairs for the 117th Congress,” said Chairwoman Waters. “Financial Services Committee Democrats are a diverse, talented, knowledgeable and…

Waters Announces Auchincloss as Financial Services Committee Vice Chair

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Congressman Jake Auchincloss (D-MA) will serve as Vice Chair of the Committee in the 117th Congress. Representative Auchincloss was elected to serve as Vice Chair by Committee Democrats. “I am pleased to announce that Congressman Jake Auchincloss will serve as Vice Chair of the…

Committee Passes Legislation to Help Combat Lending Discrimination, Support LGBTQ-Owned Businesses, and Hold Public Companies Accountable

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The House Committee on Financial Services passed six bills to help combat credit discrimination, ensure fair lending testing, support LGBTQ-owned businesses, improve language access in mortgage servicing, and hold public companies accountable for disclosing pay raise information, climate change risks, and total amounts paid in taxes to better inform investors. The bills passed by the…

Waters Opening Statement at May Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hybrid markup.  Today, this Committee will mark up six bills. As Chairwoman of this Committee, I am very pleased to advance several strong legislative solutions that have been introduced by Committee Democrats.  At…

Waters at Third Hearing on Ongoing Market Volatility: This Committee Is Focused on Ensuring Accountability for Wall Street

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III.”  Today, this Committee convenes for part three of our series of hearings focused on market…

Waters Announces Witnesses for Third Committee Hearing on Market Volatility

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the May 6 full committee virtual hearing entitled: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III.” The Honorable Gary Gensler, Chairman, U.S. Securities and Exchange Commission …

Waters Announces May Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of May: May 4 at 12:00 PM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Built to Last: Examining Housing Resilience in the Face of Climate Change.” …

House Passes Seven Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed seven bipartisan bills introduced by House Financial Services Committee Members. The House passed the SAFE Banking Act (H.R. 1996), a bipartisan bill by Representative Ed Perlmutter (D-CO), which would help ensure cannabis businesses operating in nearly all states that have legalized its use have access to basic banking products…

Committee Passes Legislation to Advance Racial Equity, Protect Consumers, and Improve Disclosures by Public Companies

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Today, the House Financial Services Committee passed eight bills, including legislation to advance racial and economic justice, promote equity in the financial system, ensure consumers are not exposed to abusive debt collection practices, and provide key material information to investors. The bills passed by the Committee include. The Shareholder Political Transparency Act…

Waters, Brown Announce Hearings with Major Bank CEOs

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, announced that hearings with the CEOs of the nation’s largest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley,…

Waters at Infrastructure Hearing: We Have Momentum for Serious, Equitable Investments in Our Housing System

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Build Back Better: Investing in Equitable and Affordable Housing Infrastructure.” Today, the Committee will be focusing on the need for major investments in equitable and affordable housing infrastructure. Last…

Waters at Hearing with Yellen and Powell: We Must Ensure That There is a Sustained and Equitable Recovery

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.”  I’d like to welcome Secretary Yellen and Chair Powell.  I am very pleased that, with Democrats’ passage of…

Waters at Second Hearing on Ongoing Market Volatility: The Committee Must Assess Legislative Next Steps

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II.”  Good morning every one. Today this Committee convenes for our second hearing on the ongoing…

Waters at Racial Equity Hearing: Institutional Racism Has Led to the Exclusion of Communities of Color From Housing and Financial Services

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” Today we are here to discuss steps that this Committee can take to create justice and achieve racial equity…

Waters Announces Updates to March Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the hearing schedule for the month of March: March 10 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” …

Waters Announces March Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of March: March 10 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” March 11 at…

Waters Announces Robinhood, Citadel, Melvin Capital, Reddit CEOs and Keith Gill to Testify at Committee Hearing

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the February 18 full Committee virtual hearing entitled: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”  Vlad Tenev, Chief Executive Officer, Robinhood Markets, Inc.   Kenneth C.…

Waters Convenes Financial Services Markup on American Rescue Plan, Advancing COVID-19 Relief for Families in Need

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a markup to consider legislation to carry out President Biden’s American Rescue Plan. Today this Committee convenes for a mark up to consider legislation to carry out President Biden’s American Rescue Plan, the American Rescue Plan Act of 2021.…

At First Full Committee Hearing of 117th Congress, Waters Urges Immediate Action on COVID-19 Relief

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “More than a Shot in the Arm: The Need for Additional COVID-19 Stimulus.” Today this Committee convenes for our first full Committee hearing of the 117th Congress. This hearing is entitled, “More than a Shot in the Arm:…

Waters Opening Statement at Committee Organizational Meeting and Markup to Adopt Committee Rules

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee organizational meeting and markup to consider a resolution to adopt the Committee’s rules for the 117th Congress.  As Prepared for Delivery Today marks the first official meeting of the Committee on Financial Services in the…

Waters Announces February Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following hearing schedule for the month of February: February 3 at 11:00 AM ET: The full committee will convene for a hybrid organizational meeting and markup. February 4 at 10:00 AM ET: The full committee will convene for a virtual hearing…

Following Recent Market Instability, Waters Announces Hearing on Short Selling, Online Trading Platforms

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding recent market instability.  “Hedge funds have a long history of predatory conduct and that conduct is entirely indefensible. Private funds preying on the pension funds of hard working Americans must be stopped. Private funds engaging in predatory…

Waters Applauds Biden Administration Executive Action on Fair Housing

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on President Biden’s Memorandum on Redressing Our Nation’s and the Federal Government’s History of Discriminatory Housing Practices and Policies. “I am pleased that President Biden has issued this important executive action to reassert the federal…

Waters Applauds Janet Yellen’s Confirmation as Treasury Secretary

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on the confirmation of Janet Yellen as Secretary of the U.S. Department of the Treasury. “As Chairwoman of the House Financial Services Committee, I worked closely with Janet Yellen during her service as Chair of the Board of Governors of the Federal Reserve System…

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