Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of March: Tuesday, March 26 at 2:00 PM – The full Committee will convene a markup of the following bills: HR ___, the Ending Homelessness Act (Waters) HR 389, Kleptocracy Asset Recovery Rewards Act (Lynch/Budd) HR 1500, the Consume... Read More »

In recognition of Sunshine Week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, offered H. Res. 206, a resolution she introduced to shed light on money laundering and terrorism finance, on the House floor. The resolution was passed by a voice vote. See Chairwoman Waters’ floor statement below. As Prepared for Delivery Mr. Speaker, I rise in strong support... Read More »

Today, following the announcement that Wells Fargo President and CEO Timothy Sloan received $2 million in performance-based incentive pay for 2018, and total compensation of $18.4 million for the year, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement: “Given Wells Fargo’s continuing failures, it is outrageous and wholly inapp... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave a statement on the House floor in support of H. Con. Res. 24, a resolution which expresses the sense of Congress that the report of Special Counsel Robert Mueller should be made available to the public and to Congress. Chairwoman Waters is an original cosponsor of H. Con. Res. 24. See her floor st... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at a hearing entitled, “Preparing for the Storm: Reauthorization of the National Flood Insurance Program.” As Prepared for Delivery We are here today to discuss the future of the National Flood Insurance Program (NFIP), which is critical to ensuring access to flo... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R.974, the Federal Reserve Testimony Clarification Act, bipartisan legislation that clarifies who at the Board of Governors of the Federal Reserve System will testify before Congress on the status of the Federal Reserve’s supervisory efforts. As Prepared for Delivery Mr... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement in support of H.R. 1414, the FINCEN Improvement Act, bipartisan legislation to strengthen the Financial Crimes Enforcement Network (FINCEN) and address key gaps in the effort to fight financial crime. As Prepared for Delivery Mr. Speaker, the FinCEN Improvement Act is a bill... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act, bipartisan legislation that would provide law enforcement more access to the critical information it needs to combat terrorism and financial crimes, by giving a safe harbor for banks that keep customer a... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 1122, the Housing Choice Voucher Mobility Demonstration Act, bipartisan legislation to help improve services and flexibility for Americans who are receiving housing assistance. As Prepared for Delivery Mr. Speaker, rigorous studies have demonstrated that giving a low... Read More »

WASHINGTON, D.C. -Today, in response to the Trump Administration’s release of its budget request to Congress for Fiscal Year 2020, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “Trump has repeatedly shown that he has no interest in standing up for hardworking Americans and this proposal is just another example. This budget... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo's Pattern of Consumer Abuses” with Timothy Sloan, President and Chief Executive Officer of Wells Fargo and Company. As Prepared for Delivery Today, we examine Wells Fargo’s egregiou... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Today, this Committee convenes for a hearing on the Semiannual Report of the Consumer Financial Protection Bureau. Testifying today before t... Read More »

Today, at a full Committee markup, the House Financial Services Committee adopted Budget Views and Estimates for Fiscal Year 2020. The Committee’s budget views were adopted along party lines by a vote of 33-24. During the markup, Democrats accepted four out of seven amendments offered by Republicans. See below for the opening statement given by Congresswoman Maxine Waters (D-CA), Chairwoman of the... Read More »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Committee Democrats announced the reintroduction of H.R. 1500, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau). “I consider the Consumer ... Read More »

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, recently delivered the following remarks at the 22nd Annual Rainbow PUSH Wall Street Project Economic Summit, where she addressed issues including the racial wealth gap and the lack of diversity in asset management. As Prepared for Delivery The Rainbow PUSH Wall Street Project’s work to promote inclusion a... Read More »