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Waters Announces Updates to March Hearing Schedule
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the hearing schedule for the month of March:
- March 10 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.”
- March 11 at 10:00 AM ET: The Subcommittee on Consumer Protection and Financial Institutions will convene for a virtual entitled, “Slipping Through the Cracks: Policy Options to Help America’s Consumers During the Pandemic.”
- NEW TIME: March 17 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II.”
- NEW TIME: March 18 at 10:00 AM ET: The Subcommittee on Diversity and Inclusion will convene for a virtual hearing entitled, “By the Numbers: How Diversity Data Can Measure Commitment to Diversity, Equity and Inclusion.”
- March 23 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.”
- NEW DATE AND TIME: March 24 at 12:00 PM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Preserving a Lifeline: Examining Public Housing in a Pandemic.”
- NEW DATE AND TIME: March 25 at 12:00 PM ET: The Subcommittee on National Security, International Development and Monetary Policy will convene for a virtual hearing entitled, “Ending Exploitation: How the Financial System Can Work to Dismantle the Business of Human Trafficking.”
All hearings are livestreamed on https://democrats-financialservices.house.gov/live/.
For virtual hearings, all Members and witnesses participate remotely with no in-person participation in the hearing room.
Committee activities are finalized once an official notice is issued by the House Financial Services Committee. Visit https://democrats-financialservices.house.gov/calendar/ for the most up-to-date Committee schedule
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Member Spotlight
Congressman Sean Casten (D-IL) serves on the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets and the Subcommittee on Consumer Protection and Financial Institutions for the 117th Congress.
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Chairwoman’s Corner
Waters Applauds Treasury Effort to Help Vulnerable Countries Fight Pandemic Through Global Action
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement applauding the commitment by Treasury Secretary Janet Yellen to pursue a new allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF).
“I am very pleased by Secretary Yellen’s decision to seek a multilateral agreement to support a new allocation of Special Drawing Rights (SDRs) at the International Monetary Fund (IMF) to provide a liquidity boost to developing and emerging economies and facilitate a path to recovery from the COVID-19 pandemic. Unfortunately, the Trump Administration rejected international cooperation in response to the global crisis and blocked any consideration of a new SDR allocation by the IMF. Secretary Yellen’s decision demonstrates a renewed U.S. commitment to global economic cooperation, as an expansion of SDRs will help developing and emerging economies cope with the health and economic impacts of the coronavirus and facilitate a path to recovery from the pandemic. Last year, I cosponsored an amendment, led by Representative Jesús “Chuy” García, which passed the House twice, supporting an allocation of 2 trillion SDRs. But the Administration could support up to a $650 billion issuance of SDRs without Congressional approval, and I urge Secretary Yellen to use every tool at her disposal to help vulnerable countries combat the COVID-19 pandemic and revitalize the U.S. and global economy.
“While there is a long road ahead for all of us, I look forward to working with Secretary Yellen to implement policy that supports SDRs and promotes U.S. leadership on this issue.”
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