Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, announced major Democratic wins secured from the March 4th Committee markup of the bipartisan reauthorization of the Defense Production Act (DPA). Waters worked closely with Chairman French Hill (R-AR) to develop a unified bill that modernizes and strengthens this vital national security authori... Read More »

Text of Letter (PDF) Washington, D.C. – Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Services Committee, along with U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee; U.S. and Senator Sheldon Whitehouse (D-RI ), Co-Chair of the Senate Caucus on International Narcotics Control sent a letter to... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing entitled: “Innovation at the Speed of Markets: How Regulators Keep Pace with Technology.” Mr. Chair, I am deeply disappointed in Committee Republicans’ decisi... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Federal Reserve Bank of Kansas City President and CEO Jeff Schmid, requesting information regarding the Kansas City Fed’s recent decision to approve a so-called “limited purpose account” for Payward Financial, doing business as Kraken Financial, a cryptocurrency exchange license... Read More »

WASHINGTON, D.C. - 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: “Tokenization and the Future of Securities: Modernizing Our Capital Markets.” Thank you, Mr. Chairman. Democrats on this Committee support innovation, helping companies raise capital, and streng... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the House Democratic Caucus calling for a conference committee to formally reconcile the House- and Senate-passed versions of H.R. 6644, the “21st Century ROAD to Housing Act,” so that the bill can fully address the nation's escalating housing crisis. In the letter, Ranking Memb... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full Committee hearing entitled, “Updating America’s Financial Privacy Framework for the 21st Century.” “Thank you Mr. Chairman, In today’s digital world, every click, search, and purchase leaves a trail, yet Americans remain powerless when it comes to h... Read More »

On the three-year anniversary of the failure of Silicon Valley Bank (SVB), Congresswoman Maxine Waters (D-CA), the top Democrat of the House Financial Services Committee, today announced the reintroduction of several bills aimed at strengthening accountability for bank executives, closing regulatory loopholes, and improving the safety and soundness of the nation’s banking system. The legislation b... Read More »

Today, Congresswoman Maxine Waters (DCA), the top Democrat on the House Financial Services Committee, and Representatives Nydia M. Velázquez (D-NY), Juan Vargas (D-CA), and Sylvia Garcia (D-TX) submitted a comment letter to U.S. Department of Housing and Urban Development (HUD) Secretary Turner calling for the immediate withdraw of HUD’s proposed rule, “Housing and Community Development Act of 198... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a full committee markup. “Thank you very much, Chairman Hill. Americans are fed up with rising grocery, utility, and housing costs caused by the Trump Administration’s reckless policies. But instead of changing course, Trump is doubling down. After the Sup... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Al Green (D-TX), Ranking Member on the Oversight and Investigations Subcommittee, sent a letter to Chair French Hill (R-AR) urging him to open a Committee investigation into potential insider trading and market manipulation violations following President Trump’s tariff announcemen... Read More »

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Ranking Member on the National Security, Illicit Finance, and International Financial Institutions Subcommittee, sent a letter to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, applauding the IMF’s recent efforts to strengthen go... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement after the Supreme Court, in a decisive 6–3 ruling, struck down the sweeping tariffs imposed by President Donald Trump at the start of his presidency. Writing for the majority, Chief Justice John Roberts stated, “the President must ‘point to clear congressional autho... Read More »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Housing and Insurance Subcommittee hearing entitled, “Homeownership and the Role of the Secondary Mortgage Market.” “Mr. Chairman, this hearing will discuss our mortgage market, but it has been more than one year into Trump’s disastrous Administration, a... Read More »

This week, the House passed the “Housing for the 21st Century Act,” a landmark bipartisan legislation aimed at addressing the housing crisis impacting communities across the country. Led by Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, alongside Chairman French Hill (R-AR), Housing and Insurance Subcommittee Ranking Member Emanuel Cleaver, II (D-MO... Read More »