Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during an Oversight and Investigations Subcommittee hearing entitled, “From Watchdog to Attack Dog: Examining the CFPB’s Chopra-era Assault on Disfavored Industries.” “Thank you. Today, my colleagues on the other side of the aisle are holding yet… Read more »

In celebration of National Homeownership Month, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, along with Congressman Al Green (D-TX), Congresswoman Ayanna Pressley (D-MA), and Congresswoman Sylvia Garcia (D-TX), announced reintroduction of the Downpayment Toward Equity Act. This transformative legislation would help close the U.S. wealth… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that the House of Representatives passed ten bipartisan bills under suspension of the rules. This is a procedure generally used to quickly pass bills which enjoy broad, bipartisan support. Next, these bills will await a vote in the Senate. H.R. 3422, the “Promoting… Read more »

Text of Letter (PDF) Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, wrote to Kyle Hauptman, Chairman of the National Credit Union Administration (NCUA), seeking clarity on the Board’s legal authority to fully continue the… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Senate’s passage of the Republican-led stablecoin bill. “There is nothing intelligent about the GENIUS Act. This legislation is riddled with loopholes and lacks essential protections or meaningful oversight which will open the door to future… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced that she sent letters to the leadership of the House Committee on Appropriations urging appropriators to fund programs that would address our nation’s worsening housing and homelessness crises; support small, minority-owned businesses; and protect our nation’s investors and… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led Committee, Democrats in a markup to stop Republicans’ dangerous crypto market structure bill, the “CALAMITY Act.” For several weeks, Congresswoman Waters has led Committee Democrats in warning both Members of Congress and the American people on the dangerous implications of this bill. For… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing entitled, “Evaluating the Defense Production Act.” “Thank you very much. The Defense Production Act (DPA) is America’s law that mobilizes our… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee markup. “Good morning, and thank you, Chairman Hill. As we sit here, Trump has violated the sovereignty of my state of California, federalizing the National Guard and sending the Marines into Los Angeles. This is… Read more »

Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Service Committee, Congresswoman Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, Senators Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Ed Markey (D-MA), Ranking Member of the Senate Small Business and Entrepreneurship… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement during the Democratic hearing exploring Trump’s crypto crimes and the implications of the Republican-led crypto market structure bill. This hearing follows a request from the entire Committee Democratic caucus urging a Minority Day hearing to properly explore… Read more »

Lawmakers call on Fed to turn over Wells Fargo’s exam reports for the last five years and other relevant documents for Congressional review “The Fed’s decision to lift Wells Fargo’s asset cap despite mounting evidence that the firms’ systemic management failures persist is a direct giveaway to Wall Street at consumers’ expense.” Read letter here Today, Congresswoman Maxine… Read more »

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… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led all of the Democratic members on the Committee in requesting a follow-up hearing to today’s session exploring the Republican-led crypto market structure bill. This follow-up hearing, known as a “Minority Day Hearing,” would feature a second panel of witnesses, selected by… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” “Thank you very much, Mr. Chairman. I too would like to have productive dialogue. But it’s very… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. In the letter, Congresswoman Waters is requesting a full technical and impact analysis of the CLARITY Act. This request comes ahead of tomorrow’s hearing being held by Committee Republicans to discuss… Read more »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and U.S. Senators Alex Padilla (D-CA) and Elizabeth Warren (D-MA), the top Democrat of the Senate Banking Committee, led nearly 100 lawmakers in urging Congressional Appropriations leadership to include robust funding for the Emergency Housing Voucher (EHV) program as part of Fiscal Year (FY)… Read more »

Landmark legislation will put an end to Trump’s crypto corruption and protect America’s investors. Bill prohibitions extend to Members of Congress. Waters introduces bill HOURS before Trump’s corrupt memecoin dinner. Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Committee Democrats introduced H.R. 3573, the “Stop Trading,… Read more »

On Wednesday, Republicans on the Rules Committee held a hearing in the middle of the night – all in the hopes that the American people would be asleep – to rush through their unpopular GOP Tax Scam bill that aims to give a massive tax break to the top 1%. Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast S.J. Res. 13, which is a Continuing Resolution Act that would overturn the OCC’s 2024 rule aimed at improving the bank merger application review process. “I’m so pleased that Mr. Barr from Kentucky referred to me because the big banks hate me and they… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee markup. “Thank you very much, Mr. Chairman. Good morning, everyone. Since the last time this full Committee convened, economic conditions for our nation’s consumers and investors have grown even worse. And this is… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Ann Wagner (R-MO), announced introduction of H.R. 3422, the “Promoting Opportunities for Non-Traditional Capital Formation Act.” The bill would require the Securities and Exchange Commission’s (SEC) Office of the Advocate for Small Business Capital Formation to better… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to a federal court’s ruling temporarily blocking President Donald Trump’s March 4th Executive Order (EO) aimed at reducing the Minority Business Development Agency (MBDA) federal workforce and eliminating the agency altogether. The… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Sean Casten (D-IL), Vice Ranking Member of the Committee, and 39 other Members sent a letter to the Chief Executive Officers of leading U.S. financial institutions, including Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, Northern… Read more »

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, “Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation.” As Prepared for Delivery “Good afternoon. “Republicans want faster bank mergers, which will… Read more »