Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the introduction of a bill to increase transparency in Artificial Intelligence technology (AI). This bill requires relevant banking and market regulators to study and review the current data labeling practices on tools, products, and services that use AI and make recommendations based o... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s latest action to supervise widely used payment apps provided by Big Tech and other nonbank companies and ensure they are held accountable for protecting personal data, responding to fraud, and stopping illegal “debanking... 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, “Oversight of Prudential Regulators.” Thank you very much Mr. Chairman. Vice Chair Barr, Chair Grueneberg, Chair Harper and Acting Comptroller Hsu, I want to thank each of you and all of your hardworking governmen... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Speaker Mike Johnson (R-LA) and Democratic Leader Hakeem Jeffries (D-NY), urging the House to take swift action to support the disaster recovery efforts through the National Flood Insurance Program (NFIP) for families and communities affected by Hurricanes Helene and Milton, two ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Emergency Management Agency’s (FEMA) latest action to implement Grimm-Waters Act requirements to offer policyholders the option to pay their annual flood insurance premiums in monthly installments under the National Flood Insurance Program (NFIP). “Af... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Joyce Beatty (D-OH), the Ranking Member of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, announced plans this week to introduce a legislative package aimed at strengthening and reforming the International Financial Institutions.... Read More »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following remarks in celebration of the 50th anniversary of the Department of Housing and Urban Development’s (HUD) Housing Choice Voucher Program. During the event, HUD recognized Congresswoman Waters for her longstanding leadership and commitment in Congress to expanding affordable housi... Read More »

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Government Accountability Office’s report highlighting the critical state of homelessness among older adults. “Today, following a request I made in 2022 as Chairwoman of the House Financial Services Committee alongside Senator... Read More »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and the U.S. Department of the Treasury (Treasury) announced that the California Office of the Small Business Advocate (CalOSBA) is being awarded $10 million to support small business growth through the State Small Business Credit Initiative (SSBCI), a $10 billion program Congresswoman Waters secured as ... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Senator Mark Warner (D-VA), Chairman of the Senate Community Development Finance Caucus, sent a letter to U.S. Secretary Treasury Janet Yellen, urging the Department to provide dedicated financial and training resources to improve the technology capabilities and capacity of Community Developm... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in response to the damage and destruction caused by Hurricane Helene. “My heart goes out to everyone who has been affected by Hurricane Helene and the unprecedented levels of devastation communities have seen. Helene is expected to be one of the deadliest and costliest hur... Read More »

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led a delegation of Committee Democrats, including Representatives Al Green (D-TX), Bill Foster (D-IL), Joyce Beatty (D-OH), and Sean Casten (D-IL), in a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting focused on how the IMF is fulfilling its c... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement in commemoration of the 30-year anniversary of the Federal Emergency Management Agency’s (FEMA) Flood Mitigation Assistance grant program. Through this program, FEMA funds mitigation projects to reduce the risk of flood damage in communities participating in the National F... Read More »

Today Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced the reintroduction of H.R. 9767, the “Promoting and Advancing Communities of Color Through Inclusive Lending Act” to support Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) in honor of the 30th anniversary of the creation of the CDFI Fund.... 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, “Oversight of the Securities and Exchange Commission.” Good morning. I’d like to welcome the Chair of the Securities and Exchange Commission, Gary Gensler, along with Commissioners Peirce, Crenshaw, Uyeda, and Liz... Read More »