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Waters Announces Robinhood, Citadel, Melvin Capital, Reddit CEOs and Keith Gill to Testify at Committee Hearing
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the February 18 full Committee virtual hearing entitled: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”
- Vlad Tenev, Chief Executive Officer, Robinhood Markets, Inc.
- Kenneth C. Griffin, Chief Executive Officer, Citadel LLC
- Gabriel Plotkin, Chief Executive Officer, Melvin Capital Management LP
- Steve Huffman, Chief Executive Officer, Co-Founder, Reddit
- Keith Gill
The virtual hearing will be held on February 18 at 12:00 PM ET. Additional witnesses may be named.
Click here to read the full press release.
Tweets of the Week
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#ICYMI Americans for Financial Reform Recognizes Chairwoman Maxine Waters
This past week, Americans for Financial Reform recognized Chairwoman Maxine Waters for her leadership of the House Committee on Financial Services and for her service as a “champion of economic and racial justice.”
Click here to read the Americans for Financial Reform press release.
Member Spotlight
| Rep. Ayanna Pressley (D-MA) |
During this week’s Committee on Financial Services’ hybrid markup, the Committee advanced Congresswoman Ayanna Pressley’s provision from her bill the Emergency Homelessness Assistance Act, which would authorize $5 billion for the Emergency Solutions Grants program to enable state and local governments to finance housing and health-related services for the hundreds of thousands of people currently experiencing homelessness, including the acquisition of hotels and motels to serve as transitional and permanent supportive housing.
Watch the hybrid markup, entitled “Reconciliation Pursuant to S. Con. Res. 5, the Concurrent Resolution on the Budget for Fiscal Year 2021,” here.
Weekend Reads
Chairwoman’s Corner
Waters Convenes Financial Services Markup on American Rescue Plan, Advancing COVID-19 Relief for Families in Need
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a markup to consider legislation to carry out President Biden’s American Rescue Plan.
Today this Committee convenes for a mark up to consider legislation to carry out President Biden’s American Rescue Plan, the American Rescue Plan Act of 2021.
I am so thankful that we have President Biden providing real leadership in the White House, and providing a real plan to tackle this pandemic crisis. With millions of individuals, families and small businesses across the nation struggling, it is essential for Congress to swiftly pass the American Rescue Plan Act into law.
I and my Democratic colleagues have been sounding the alarm for many months about the urgent need for the federal government to provide COVID-19 relief and save the economy, which continues to be in a state of crisis. The United States economy has contracted by the largest amount since 1946. Over a million small businesses have closed. Millions of individuals and families are on the brink of eviction or foreclosure as back rent or mortgage payments pile up through no fault of their own. Across the nation people are struggling to make ends meet, and hunger is growing. Communities of color continue to be the hardest hit. The nation needs the $1.9 trillion in relief the American Rescue Plan would provide.
Click here to read her markup opening remarks or watch it here:
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