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, “Framework for the Future: Reviewing Data Privacy in Today’s Financial System.”

“Thank you very much.

Today, we are considering the important issue of data privacy. However, I find it rich that any Republican here would claim to support data privacy, when they have said nothing about Trump letting Elon Musk and his DOGE minions steal the sensitive data of hundreds of millions of Americans, everything from their health records and consumer data to social security numbers and tax data. Trump didn’t stop there. In addition to shuttering the Consumer Financial Protection Bureau, which fights fraudsters and helps Americans get remedies from predatory financial firms, Trump also wrongly vacated the CFPB’s open banking rule that promotes data privacy. I’d like to think there is bipartisan support to protect American’s data, but we must first start by stopping the biggest threat, Donald J. Trump.

I yield back.”

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