Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation.
“At the beginning of this Congress, I made clear that the long-term… Read more »
Following months of negotiations, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, applauded the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation.
The provisions included in the appropriations legislation closely… Read more »
Today, the U.S. House of Representatives passed the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), a bill introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, that provides for a seven-year reauthorization of the Terrorism Risk Insurance Act (TRIA). The bill passed the House by a vote of 385-22.
See below for… Read more »
Today, the U.S. House of Representatives passed five bipartisan financial services bills to reauthorize the Terrorism Risk Insurance Program, ensure disaster relief is distributed fairly, address homelessness and protect investors.
The legislation passed by the House includes:
The Reforming Disaster Recovery Act of 2019 (H.R. 3702), a bipartisan bill that would permanently… Read more »
Today, the House Financial Services Committee passed four bills to hold regulators accountable and reauthorize the Terrorism Risk Insurance Program and the Export-Import Bank.
See the Chairwoman’s opening statement here and the legislation below.
The United States Export Finance Agency Act (H.R. 4863), a bill by Representative Maxine Waters (D-CA), Chairwoman of the House… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full committee markup:
As Prepared for Delivery
Good afternoon. At today’s markup we will consider four bills, as well as approving subcommittee assignments for Republican members. At the beginning of this Congress, I made clear that I… Read more »
Today, at a press conference to discuss the reauthorization of the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening remarks.
As Prepared for Delivery
I am very pleased to be here with my colleagues to discuss the reauthorization of the Terrorism Risk Insurance Act… Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress:
As Prepared for Delivery
Thank you for the very warm welcome, and to the Center for American Progress for holding this event. CAP’s research and policy work are highly respected and a valued resource… Read more »
Congresswoman Maxine Waters(D-CA), Ranking Member of the Committee on Financial Services, issued the following statement following Senate passage of legislation to renew the Terrorism Risk Insurance Act (TRIA), a critical insurance backstop that provides important protections for construction jobs, venues and regional economies across America:
“ I applaud the U.S. Senate for swiftly… Read more »
Upon passage of legislation to renew the expired Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Committee and a strong advocate for the program’s renewal, released the following statement:
“I’m pleased that House Republicans have recognized the damage caused by the 11th hour brinksmanship that led to TRIA’s expiration. I… Read more »
Upon the news of the U.S. Senate’s failure to reauthorize the critical Terrorism Risk Insurance Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement:
"I'm saddened and disappointed that the U.S. Senate was unable to renew the critical Terrorism Risk Insurance Act. The death of TRIA is the direct result of Chairman… Read more »
Today on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, criticized House Republican leadership and committee Chairman Jeb Hensarling (R-TX) for a bad faith negotiation on the renewal of the Terrorism Risk Insurance Act (TRIA).
Waters, a strong supporter of TRIA, objected to the troubling process by which unrelated… Read more »
Today, in a press conference at the U.S. Capitol, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, led members of the Democratic caucus in calling for a long-term renewal of the Terrorism Risk Insurance Act, which is set to expire at the end of 2014. The Ranking Member was joined by key members of Democratic House leadership, Leader Nancy Pelosi… Read more »
A House Republican's effort to rally support for overhauling the Terrorism Risk Insurance Program fell flat, sources familiar with the matter told SNL on Nov. 5.
Trade groups and business organizations spanning the insurance, real estate and banking industries refused to formally back Rep. Randy Neugebauer's bill to reauthorize the program for five years and make significant changes to… Read more »
Maxine Waters — the fiery liberal from Los Angeles known for calling House Republican leadership “demons” and threatening to nationalize oil companies — has gone from the scourge of Big Business to a sympathetic ally for corporate America.
It’s no accident.
Waters is executing this transformation by seizing on the growing divide between conservative Republicans and Big Business and… 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 »
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 »
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 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 »
In today’s full Committee markup, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, blasted Republicans for continuing to waste the Committee’s time and resources on measures that weaken important consumer protections, undo transparency and accountability measures for Wall Street’s biggest actors and carve out major exceptions for large public… Read more »
Following the Senate Banking Committee’s markup of legislation to reauthorize the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, applauded the committee’s progress and called on House Republicans to swiftly act to renew the program.
Waters released the following statement.
“The Senate Banking… Read more »
Following the news that members of the Senate Banking Committee have reached an agreement on legislation to reauthorize the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, applauded their progress and lamented the lack of action in the House of Representatives. Waters has been outspoken in her support for a TRIA’s… Read more »
A bipartisan group of senators has struck a deal to extend a government insurance program for terrorist attacks.
Under the proposal, the Terrorism Risk Insurance Act (TRIA) would be extended for another seven years, but private companies would shoulder a larger share of the costs if a terrorist attack occurred, according to an aide familiar with the deal. The program is set to expire… Read more »
