Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, led committee Democrats today in calling for an open debate on the effects of sequestration, requesting that all Committee members put aside theoretical discussions of “Budget Views and Estimates.”  The complete text of her opening statement… Read more »

  Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today welcomed President Obama’s nomination of Mary Jo White to be the next chairman of the United States Securities and Exchange Commission (SEC), stating: I offer my congratulations to Mary Jo White on being nominated to chair the SEC. Ms. White has had a very distinguished record… Read more »

(January 16, 2013) – A contingent of 12 Members of the House of Representatives today filed an amicus brief in the United States Court of Appeals for the District of Columbia Circuit in support of the Securities and Exchange Commission’s Resource Extraction Rule. The rule is based on a provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rule is designed to… Read more »

Congressman Barney Frank is joined by leading members of Congress and former Commodities Futures Trading Commission (CFTC) Chairwoman Brooksley Born in denouncing recent action by the House Appropriations committee to underfund the Securities and Exchange Commission and the CFTC. In his remarks, Congressman Frank emphasized that having these financial regulator "referees on the field" is… Read more »

Congressman Barney Frank, Ranking Member of the House Financial Services Committee, today released the following statement vowing to fight Republican efforts to substantially weaken provisions of the 2010 Wall Street Reform and Consumer Protection Act.  In his statement, Frank strongly criticizes two bills which would create substantial loopholes in parts of the law dealing with the… Read more »

The House Financial Services Committee will mark up four bills this morning beginning at 10 a.m.    At least one of these bills will draw significant controversy, the “SEC Regulatory Accountability Act” (H.R. 2308) introduced by Congressman Scott Garrett.  The bill would greatly increase requirements on the Security and Exchange Commission to conduct cost-benefit analyses… Read more »