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Subcommittee on Digital Assets, Financial Technology and Inclusion

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 Delivers Opening Statement During Hearing on Decentralized Finance: “While Decentralized Finance… Aims to Create Greater Efficiencies and Transparency, It Can Also Pose a Heightened Risk of Hacks, Scams, Unequal Information, and Conflicts of Interest That Can Harm Consumers and Investors.”

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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, “Decoding DeFi: Breaking Down the Future for Decentralized Finance.” While decentralized finance, or DeFi aims to create greater efficiencies and…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Big Tech: “I Have Long Raised Concerns About Big Tech’s Expansion into Financial Services and I Am Pleased That the CFPB is Finally Taking Action to Oversee These Companies”

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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, “Bureaucratic Overreach or Consumer Protection? Examining the CFPB's Latest Action to Restrict Competition in Payments.” Thank you very much Mr. Chair.…

Maxine Waters, Ranking Member, Delivers Opening Statement During Subcommittee Hearing on Crypto Crime: “It Is Ironic That Republicans are Holding This Hearing on Crypto Crime While Simultaneously Working to Undermine Our National Security.”

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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, “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” It is ironic that Republicans are holding this hearing on crypto…

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 Announces Democratic Subcommittee Vice Ranking Members for 118th Congress

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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the following Democratic Committee members selected to be Vice Ranking Members for the 118th Congress: Congresswoman Sylvia Garcia, Texas – Vice Ranking Member of the Full Committee Congressman Sean Casten, Illinois – Vice Ranking Member of the…

Ranking Member Waters Delivers Opening Statement During Subcommittee Hearing on Stablecoins: “…I Think We’re Starting from Scratch on Stablecoins…Disregard the Bill That Has Been Posted Altogether.”

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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, “Understanding Stablecoins' Role in Payments and the Need for Legislation.” Thank you very much, Chair Hill and Ranking Member Lynch, and I thank all the…

Ranking Member Waters’ Statement on Committee Republicans’ Elimination of Congress’ First-Ever Diversity and Inclusion Subcommittee

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Following news that Committee Republicans plan to eliminate the Diversity and Inclusion Subcommittee first established by then-Chairwoman Waters in 2019, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement: “I am deeply disappointed and disturbed to hear that Committee Republicans plan to eliminate the…

Waters Releases Report Celebrating Four Years of Historic Committee Achievements

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently…

Waters Delivers Opening Statement at Subcommittee Hearing Reviewing the Progress Made and a Plan to Achieve Full Economic Inclusion for Every American

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Diversity and Inclusion hearing entitled, “Unfinished Business: A Review of Progress Made and a Plan to Achieve Full Economic Inclusion for Every American.” Thank you very much, Ms. Garcia. As we approach the end of the 117th congress, I’m…

Waters Announces December 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 December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation.” …

Waters Delivers Opening Statement at Subcommittee Hearing Reviewing Diversity and Inclusion at America’s Largest Insurance Companies

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on Diversity and Inclusion hearing entitled, “A Review of Diversity and Inclusion at America’s Largest Insurance Companies.” Thank you so very much, Chair Beatty. I am proud that we are releasing a third in an unprecedented series of reports…

Waters and Beatty Release Committee Staff Report Highlighting Diversity Shortcomings at America’s Largest Insurance Companies

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Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, released a Majority staff report entitled, “Diversity and Inclusion: Holding America’s Largest Insurance Companies Accountable.” On Tuesday, September 20, the Subcommittee on Diversity and Inclusion will hold a…

Waters Announces September 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 September: POSTPONED -Thursday, September 8 at 12 p.m. ET: The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a virtual hearing entitled, “Accounting Standards in the 21st Century.” …

Waters Delivers Opening Statement at Subcommittee Hearing Exploring Inequities in Financial Services for Persons with Disabilities

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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 Subcommittee on Diversity and Inclusion hearing entitled, “Diversity Includes Disability: Exploring Inequities in Financial Services for Persons with Disabilities, Including Those Newly Disabled Due to Long-Term COVID.”   Thank you…

Waters Announces Update to May Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of May: UPDATED - Tuesday, May 17 at 12:00 PM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Tuesday, May 24 at 12:00 PM ET: The Subcommittee on Diversity and…

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: Wednesday, May 11 at 10:00 AM ET: The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene for a hybrid hearing entitled, “A Notch Above? Examining the Bond Rating Industry.” …

Chairwoman Waters and Congresswoman Beatty Send Letter to Insurance Companies Requesting Diversity and Inclusion Data

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent letters to the largest property, casualty and life insurance companies that receive $7 billion in direct premiums or more each year, requesting diversity and inclusion data to examine America’s insurance…

Waters Releases Report on Committee’s 117th Congress Accomplishments

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Following the successful conclusion of their annual retreat, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report on the Committee’s work during the first session of the 117th Congress. During a time of crisis, the Committee continued to work tirelessly to provide relief and protections to individuals, families, and small businesses…

Waters at Hearing Addressing Obstacles Minority and Women-Owned Businesses in Infrastructure Projects: “Diversity and Inclusion Require Intentionality”

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement today at a Subcommittee on Diversity and Inclusion hearing entitled, “Building Opportunity: Addressing the Financial Barriers to Minority and Women-Owned Businesses’ Involvement in Infrastructure Projects.” Thank you so very much, Ms. Beatty. I am so pleased that…

Waters Announces February 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 February: February 2 at 10:00 AM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Housing America: Addressing Challenges in Serving People Experiencing Homelessness.”…

Waters and Beatty Release Committee Staff Report Highlighting Diversity Shortcomings at America’s Largest Investment Firms

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, released a Majority staff report entitled, “Diversity and Inclusion: Holding America’s Largest Investment Firms Accountable.” Immediately after George Floyd’s murder, large firms and financial…

Waters Announces Update to December Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of December:  POSTPONED - December 7 at 10:00 AM ET: The Subcommittee on Oversight and Investigations will convene for a hybrid hearing entitled, “Ensuring Equitable Delivery of Disaster Benefits to Vulnerable…

Waters Announces December 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 December:  December 1 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Oversight of the Treasury Department's and Federal Reserve's Pandemic Response.” December 7 at 10:00 AM ET:…

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