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Ranking Member Waters, Congresswoman Beatty Introduce Legislation to Strengthen and Reform International Financial Institutions

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Joyce Beatty (D-OH), the Ranking Member of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, announced plans this week to introduce a legislative package aimed at strengthening and reforming the International Financial…

ICYMI: Ranking Member Waters Leads Committee Democrats in Meeting with IMF to Discuss Promoting Global Economic Stability

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   Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a delegation of Committee Democrats, including Representatives Al Green (D-TX), Bill Foster (D-IL), Joyce Beatty (D-OH), and Sean Casten (D-IL), in a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting focused on how the…

Ranking Member Waters Opposes H.R. 9456 on House Floor: “This Is a Bad Bill that Harms the Bipartisan Work We Already Passed This Year and Would Sow Divisions Among Neighbors Across America.”

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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 H.R. 9456, the “Protecting American Agriculture from Foreign Adversaries Act of 2024,” which is a bill that makes harmful and substantive changes to existing law in a way that will increase risks to our national security and concerns about racial…

ICYMI: Ranking Member Waters Leads Committee Democrats in Meeting with World Bank President Ajay Banga

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           Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats on a visit to the World Bank to meet with President Ajay Banga. The group included Representatives Al Green (TX), Joyce Beatty (D-OH), Juan Vargas (D-CA), Vicente Gonzalez (D-TX), and Sean Casten (D-IL). During the…

Ranking Member Waters, Representatives Hill and Meeks Press Secretaries Yellen and Blinken to Swiftly Implement The REPO Act to Support Ukraine

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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, alongside Congressman French Hill (R-AR), and House Foreign Affairs Committee Ranking Member Congressman Gregory Meeks (D-NY), sent a letter to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken urging for the swift and full implementation of the Rebuilding Prosperity and…

Maxine Waters, Ranking Member, Delivers Opening Statement During Hearing on National Security: “...There Are Security Threats Coming from the Former President of the United States Almost Every Day.”

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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 National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Mission Critical: Restoring National Security as the Focus of Defense Production Act Reauthorization, Part II.” Thank you…

Waters, Whitehouse, Wyden, Warren, Reed, File Amicus Brief Defending Constitutionality of Corporate Transparency Act

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Yesterday, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Senators Sheldon Whitehouse (D-RI), Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Jack Reed (D-RI), filed an amicus curiae —or “friend of the court”—brief in National Small Business United v. Yellen, a case at the U.S. Court of Appeals for the 11th Circuit. The brief urges the…

Maxine Waters, Ranking Member, Secures Critical IMF Authorizing Provisions in FY2024 Appropriations to Support IMF Member Countries

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following President Biden signing the FY24 Appropriations bill into law, which includes crucial authorizing provisions related to the International Monetary Fund (IMF). “I am proud to announce that I was able to secure two critical provisions in the FY2024…

Ranking Member Waters Urges Rejection of IFC Management Action Plan Due to Lack of Compensation for Sexual Abuse Survivors at Bridge Academy Schools in Kenya

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As the executive board of the International Finance Corporation (IFC) – the World Bank’s private sector investment arm – prepares to allow passage of a Management Action Plan (MAP) today in response to reports of child sexual abuse at schools operated by Bridge International Academies (Bridge) in Kenya, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services…

Maxine Waters, Ranking Member, Delivers Opening Statement During Full Committee Hearing on National Security: “While Democrats Continue to Put People, Peace, and Prosperity Over Politics, MAGA Republicans Prioritize Only One Person: Donald Trump.”

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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 Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI).” Thank you very much Mr. Chairman and I’d like to welcome Undersecretary…

Maxine Waters, Ranking Member, Delivers Opening Statement During National Security Subcommittee Hearing: “We Have an Opportunity Here to Ensure That None of America’s Resources Are Used to Undermine Our Country or Support Our Adversaries.”

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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 the National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.” Thank you very…

Maxine Waters, Ranking Member, Announces Passage of Five Bipartisan Bills to Protect National Security, Urges Continued Support for Ukraine

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed five pieces of bipartisan legislation aimed at safeguarding our national security from threats from adversaries like Russia and China that threaten to dismantle our nation’s financial system. H.R. 4768 “No Russian Agriculture…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Sanctions

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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 an Oversight and Investigations Subcommittee hearing entitled, “Moving the Money Part 2: Getting Answers from the Biden Administration on the Iranian Regime’s Support of Terrorism." Under the Biden Administration, the U.S. has…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Sanctions

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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 National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Restricting Rogue-State Revenue: Strengthening Energy Sanctions on Russia, Iran, and Venezuela.” Thank you, Chairman…

Ranking Member Maxine Waters Urges IMF to Expand Efforts to Combat Corruption

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Today, 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, requesting that the U.S. Treasury work with the International Monetary Fund (IMF) to better combat corruption. In the letter, Ranking Member Waters emphasizes the harm that corruption poses to a government’s…

Ranking Member Waters Delivers Opening Statement During Full Committee Markup: “There Is a Strong, Bipartisan Desire to Send a Clear Signal That Terrorism, From Iran’s Support of Hamas and Hezbollah to Russia’s Illegal Invasion of Ukraine Will Not Be Tolerated.”

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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 markup. Good morning. On October 7th, Hamas launched a deadly attack against the people of Israel, resulting in the death of more than 1,400 Israelis, as well as over 30 Americans. I again condemn Hamas for this…

Ranking Member Waters Delivers Opening Statement During Subcommittee Hearing on Financial Regulation: “We are 10 Days Away from A Costly Government Shutdown, and Instead of Working with Democrats...Republicans Are Advancing Funding Bills That Slash Critical Funding and Undermine Agencies.”

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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 Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.” We are 10 days away from a…

Ranking Member Waters Announces Passage of Bipartisan Legislation During Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic-led and bipartisan bills that passed during this week’s full Committee markup. H.R. 5523, the “Financial Access Improvements Act” led by Ranking Member Maxine Waters (D-CA). This bill would add optional components to the State Department’s…

Ranking Member Waters Delivers Opening Statement at Full Committee Markup: “…I Have a Question for the Speaker and MAGA Republicans: ‘When Are You Going to Stop Turning Your Back on Democracy, Both at Home And abroad?’”

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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. When I was Chairwoman of this Committee last Congress, this Committee came together after Russia’s unprovoked invasion of Ukraine, to craft bipartisan legislation aimed at protecting Ukraine and holding Russia…

Ranking Member Waters’ Statement Following the Biden Administration’s Executive Order on Outbound Investments

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the release of the Biden Administration’s Executive Order and Advanced Notice for Proposed Rulemaking regarding Outbound Investments. “I welcome the Biden Administration’s latest actions to restrict outbound investments to China, but more needs to be…

Waters, Brown Ask CFIUS to Evaluate National Security Risks of PGA Tour Merger with Saudi-Backed LIV

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the Secretary of the U.S. Department of the Treasury and the Chair of the Committee on Foreign Investment in the United States (CFIUS) expressing concern about the…

Ranking Member Waters Delivers Opening Statement During Full Committee Hearing with Treasury Secretary Janet Yellen: “The Biden Administration and Democrats Have Shown What Happens When You Deliver Legislation That Puts Working Families First.”

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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, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Good morning. I’d like to welcome Secretary Yellen before our Committee today. I want to…

Waters Delivers Opening Statement at Full Committee Hearing Combating the Economic Threat from China

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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…

Ranking Member Waters Calls on Chair McHenry to Immediately Convene Hearing Examining Looming Debt Default, Unprecedented Threat of Financial and Economic Downfall

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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.…

Chairwoman Waters’ Statement on World Bank President’s Comments on Climate Change

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to World Bank President David Malpass’s refusal to accept the scientific consensus that the burning of fossil fuels is dangerously warming the planet: “President Malpass’s refusal to accept the overwhelming scientific consensus that human…

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