Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Capital Markets Subcommittee hearing entitled, “Exposing the Proxy Advisory Cartel: How ISS & Glass Lewis Influence Markets.”

“Thank you. This hearing is titled ‘Exposing the Proxy Advisory Cartel.’ But there is a very real cartel happening right in front of our faces—Donald J. Trump & Associates.”

“The President and his family have made millions off the Trump ‘meme’ coin to date, and they just made even more with his announcement of a private dinner for top owners of the coin.”

“And that’s not all. The President has pumped the stock of his media company, promoted Elon Musk’s failing car company on the White House lawn, and is providing his billionaire friends with insider tips to take advantage of the chaos he is causing in the stock market.”

“Our committee should be focused on this blatant, financial corruption. With that, we ignore it at our peril.”

“I yield back.”

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