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Waters, Brown Announce Hearings with Major Bank CEOs
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, announced that hearings with the CEOs of the nation’s largest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley, will be held the week of May 24, 2021.
Wednesday, May 26, 2021 at 10:00 AM ET
Hearing of the U.S. Senate Committee on Banking, Housing and Urban Affairs, chaired by Senator Sherrod Brown
***Virtual Hearing via Webex***
This virtual hearing will be livestreamed on www.banking.senate.gov.
Thursday, May 27, 2021 at 12:00 PM ET
Hearing of U.S. House Committee on Financial Services, chaired by Congresswoman Maxine Waters
***Virtual Hearing via Webex***
This virtual hearing will be livestreamed on financialservices.house.gov.
Both hearings are virtual. For virtual hearings, all Members and witnesses participate remotely with no in-person participation in the hearing room.
Tweets of the Week
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Member Spotlight
| Congresswoman Nikema Williams (D-GA) |
Congresswoman Nikema Williams (D-GA), currently serves on the Subcommittee on Diversity and Inclusion and the Subcommittee on Oversight and Investigations for the 117th Congress.
Weekend Reads
Waters Applauds Gary Gensler’s Confirmation as Chairman of the Securities and Exchange Commission
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the confirmation of Gary Gensler as Chairman of the Securities and Exchange Commission.
“I congratulate Gary Gensler on his confirmation as Chairman of the Securities and Exchange Commission (SEC).
“Gary Gensler has a proven track record as a tough regulator on Wall Street. His leadership as Chairman of the Commodity Futures Trading Commission (CFTC) and efforts to implement the Dodd-Frank legislation were instrumental for financial reform. Chairman Gensler’s leadership is exactly what the Biden Administration needs at the SEC to rein in predatory practices by abusive private equity firms, hedge funds, and other bad actors.
“As Chairwoman of the House Financial Services Committee, I look forward to working closely with Chairman Gensler on ensuring investor protections, undoing the damage by the Trump Administration, reining in Wall Street, and making sure that the SEC is empowered to protect America’s investors...”
Click here to read her full statement.
Chairwoman’s Corner
Waters at Infrastructure Hearing: We Have Momentum for Serious, Equitable Investments in Our Housing System
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Build Back Better: Investing in Equitable and Affordable Housing Infrastructure.”
Today, the Committee will be focusing on the need for major investments in equitable and affordable housing infrastructure. Last month, Congress passed the American Rescue Plan Act to provide $1.9 trillion in critical pandemic relief, including for families facing eviction or foreclosure through no fault of their own. Now, we will address the shameful homelessness crisis and the pressing need for new affordable housing production.
So, I’m pleased that President Biden has, as part of his American Jobs Plan, recognized that housing is a critical part of our nation’s infrastructure. The plan includes $213 billion for affordable housing. President Biden’s plan will stimulate the economy, create jobs, and benefit communities across the country.
In 2019, I introduced my bill, the “Housing is Infrastructure Act,” and I have convened a number of hearings to make it clear that as the country experiences an affordable housing crisis, housing must be a major component of any infrastructure package…
Click here to read her full opening statement.
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