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Ranking Member Waters Delivers Opening Statement at Subcommittee Hearing: “…Republicans Are Focusing Exclusively On How Proposed Changes From Regulators Will Impact Wall Street, NOT Consumers…”
Washington, DC, September 19, 2023
Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences.”
Here we go again. Instead of marking up sensible bills that have bipartisan support to strengthen the banking system following the 3 major bank failures earlier this year, Republicans are holding another hearing to attack the Fed, FDIC, and OCC for strengthening our banking system.