Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions Subcommittee hearing entitled, “Regulatory Overreach: The Price Tag on American Prosperity.”

Good morning. Republicans are once again using community banks to advance an agenda for megabanks. Instead, we should hold a hearing on Trump’s coup and theft of the American Dream.

Unfortunately, Republicans are not using their oversight power and instead ignoring the Trump Regime's reckless and lawless actions —from firing board members of the National Credit Union Administration, imposing chaotic tariffs, and attacking the Community Development Financial Institutions Fund. All of these actions harm community banks, credit unions, and the consumers and small businesses they serve.

Mr. Chairman, it is no wonder consumer confidence has dropped to record lows —Americans are worried about higher prices, fewer jobs, and Trump’s coup d'etat.

And so I yield back the balance of my time.

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