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Ranking Member Maxine Waters: “Trump Is an Equal Opportunity Destroyer of Finances”

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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, “Beyond Silicon Valley: Expanding Access to Capital Across America.” Good morning. Thank you very much, Mr. Hill. Before I begin, I want to comment about the outrageous national security breach…

Ranking Member Maxine Waters, Representatives Sherman, Foster, Casten, and Vargas Demand Answers on Reported SEC Regional Office Shutdowns

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Representatives Brad Sherman (D-CA) – the Ranking Member on the Subcommittee on Capital Markets – Bill Foster (D-IL), Sean Casten (D-IL), and Juan Vargas (D-CA), sent a letter to U.S. Securities and Exchange Commission (SEC) Acting Director Mark Uyeda in response to reports that the…

Ranking Member Maxine Waters: “Trump and Un-elected co-President Elon Musk Are Looking to Defang, Defund, and Defame Wall Street’s Cop on the Block – the Securities and Exchange Commission.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Capital Markets Subcommittee hearing entitled, “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation.” Thank you very much, Chair Wagner. Democrats have…

Ranking Member Maxine Waters Leads Democratic Members in Urging Financial Services Agencies to Defy Trump’s Illegal Anti-DEIA Order and Uphold Legally Mandated Efforts

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led key House Democrats, including Congresswoman Nydia M. Velázquez (D-NY), Congressman Al Green (D-TX), Congressman Emanuel Cleaver, II (D-MO), Congresswoman Joyce Beatty (D-OH), Congresswoman Rashida Tlaib (D-MI), Congresswoman Sylvia Garcia (D-TX), Congressman Cleo Fields (D-LA),…

Ranking Member Maxine Waters and Congressman Brad Sherman Warn of Dangerous Consequences If Musk’s DOGE Takes Over SEC

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In light of Elon Musk and his Department of Government Efficiency (DOGE) team’s rapid and illegal takeover of multiple federal agencies today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Brad Sherman (D-CA), Ranking Member on the Subcommittee on Capital Markets, sent a letter to U.S. Securities and Exchange Commission…

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,…

Ranking Member Waters Delivers Opening Statement During Hearing on Digital Assets: “…The Law Is the Law, and the SEC Is Right to Protect Investors When You Break 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 during a Digital Assets, Financial Technology and Inclusion Subcommittee hearing entitled, “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets.” Thank you very much. I am very pleased to see the SEC holding bad…

Ranking Member Waters Opposes Republican-Led Resolution to Strip Away Protections for Investors: “This Resolution Is Part of a Long List of Efforts by Industry and Its Allies to Attack the Good Work of the SEC, Which Has Made Significant Progress in Protecting Investors, Maintaining Fair, Orderly, and Efficient Markets, and Facilitating Capital Formation.”

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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 override of President Biden’s veto of H.J.Res.109, a harmful bill aimed at reducing the Securities and Exchange Commission’s ability to protect consumers who buy cryptocurrency. I rise today in opposition to H.J.Res.109, which if passed, would…

Ranking Member Maxine Waters Appalled by Supreme Court Ruling to Curtail Federal Government Safeguards and Protections

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Supreme Court ruling in Securities and Exchange Commission (SEC) v. Jarkesy and Loper Bright Enterprises v. Raimondo. “This week the Supreme Court significantly weakened the ability of the federal government to protect our consumers and investors,…

Ranking Member Waters, Senator Warren, and 36 Lawmakers Urge SEC to Remain Focused on Climate Risk

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Tags: SEC

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senator Elizabeth Warren (D-MA), Chair of the Senate Banking Subcommittee on Economic Policy, led 36 lawmakers in a letter to the Securities and Exchange Commission (SEC) urging the SEC to remain focused on the risk that climate change poses to investors. Among other calls to action, the…

Maxine Waters, Ranking Member, Testifies Against “Not Fit For Purpose Act” and Republican Anti-CBDC Effort

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the Rules Committee on H.R. 4763, the “Not Fit For Purpose Act” and H.R.5403, a bill to prohibit any issuance of a central bank digital currency (CBDC). Thank you, Chairman Burgess and Ranking Member McGovern, for the opportunity to testify here…

Waters, McHenry Send Bipartisan, Bicameral Letter to Regulators Urging Timely Implementation of the Financial Data Transparency Act

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The top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA); the Chairman of the House Financial Services Committee, Congressman Patrick McHenry (R-NC); U.S. Senator Mike Crapo (R-ID); and, U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Financial Data…

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…

Ranking Member Waters Statement on Resolution to Overturn SEC’s Guidance on Crypto Assets: H.J. Res. 109 “Would Have Broad and Negative Consequences for All Public Companies and Their Investors, with Implications for the Entire Securities Market, Not Just Crypto.”

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Tags: SEC

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House floor to deliver remarks on H.J. Res. 109, a Congressional Review Act resolution that would overturn accounting guidance for crypto assets from the Securities and Exchange Commission (SEC), known as Staff Accounting Bulletin 121, or SAB 121. Mr. Speaker, I yield…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on SEC Enforcement: “My Message to the Crypto Industry…Democrats Will Always Press for Compliance, Investor Protection, Customer Protection, and Market Integrity.”

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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 Capital Markets Subcommittee hearing entitled, “SEC Enforcement: Balancing Deterrence with Due Process.” Thank you, Chair Wagner and Ranking Member Sherman. Defunding or defanging the SEC only empowers fraudsters, grifters, and those…

Maxine Waters, Ranking Member, Testifies Against Resolution to Overturn SEC’s Accounting Guidance on Crypto Assets

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Tags: SEC

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following testimony in front of the Rules Committee on H.J. Res. 109, a Congressional Review Act resolution that would overturn accounting guidance on crypto assets from the Securities and Exchange Commission, known as Staff Accounting Bulletin 121, or SAB 121. Thank you, Chair…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing on SEC’s Climate Rule: “The Climate Crisis Affects the Financial Health of Public and Private Companies, and Investors Have a Right to Know How the Companies They Own are Responding to This Crisis.”

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Tags: SEC

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, “Beyond Scope: How the SEC’s Climate Rule Threatens American Markets.” Good morning. According to the National Oceanic and Atmospheric Administration, last year was the hottest year on record. Mr.…

Ranking Member Waters’ Statement on SEC’s Climate Disclosure Rule

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Securities and Exchange Commission's (SEC) latest approval of the agency’s climate disclosure rule. This rule directs public companies to disclose key details about their role in driving climate change and the threat that warming poses to their…

Ranking Member Maxine Waters Urges Chair Gensler to Move Quickly to Finalize Climate-Risk Disclosure Rule

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent this letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (“the Commission”) urging the Commission to move quickly to finalize its proposed rule from 2021 to improve the quality of climate related disclosures in our capital markets. Since the Commission…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing on SEC: “I Hope… The American Public Will Understand That This Extreme MAGA Republican Shutdown Is the Biggest Threat to Our Nation’s Investors, Small Businesses, And Working Families”

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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, “Oversight of the Securities and Exchange Commission.” Good morning. The Chairman just indicated that his patience is running thin, mine is thinner with the opposite side of the aisle and extreme MAGA…

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…

Ranking Member Waters Delivers Opening Statement During Joint House Financial Services, Agriculture Subcommittee Hearing on the Future of Digital Assets

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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 joint Financial Services and Agriculture Subcommittee hearing entitled, “The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets.” “Last Congress, I focused the efforts of this Committee around…

Ranking Member Waters Delivers Opening Statement During Subcommittee Hearing on Digital Assets, Market Structure: “We Do Not Need to Create an Entirely New and Special Framework for Crypto—We Already Have One.”

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a Subcommittee hearing on Digital Assets, Financial Technology and Inclusion entitled, “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure." Last week, I questioned SEC’s Chair Gensler if the agency has…

Ranking Member Waters Delivers Opening Statement at Full Committee SEC Hearing: “... I Can’t Believe That This Committee is Rushing to Take Off More Guardrails When We Should Be Adding Them.”

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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…

Ranking Member Waters Announces Legislation in Progress to Strengthen Administration’s Authorities on Clawbacks and Penalties, Urges Regulators to Finish Rules and Use Existing Authorities to Hold Executives Accountable Following Bank Failures

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Following the Biden Administration’s call to Congress to strengthen authorities for clawbacks, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the United States Federal Reserve System, Federal Deposit Insurance Corporation and the Securities and Exchange Commission announcing that she is crafting legislation to enhance…

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