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Waters Delivers Opening Statement at Subcommittee Hearing Exploring Inequities in Financial Services for Persons with Disabilities

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Diversity and Inclusion hearing entitled, “Diversity Includes Disability: Exploring Inequities in Financial Services for Persons with Disabilities, Including Those Newly Disabled Due to Long-Term COVID.” Thank you so very much, Chair Beatty....

Waters and Brown Urge SEC Chair Gensler to Require Data Reporting to Improve Future Rulemakings on Human Capital and Diversity Disclosure

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This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee and Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to Gary Gensler, Chair of the Securities and Exchange Commission (SEC) urging him to require disclosure of standardized data to help investors and other stakeholders include race, eth...

Committee on Financial Services Releases FY2023 Budget Views and Estimates

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The House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), has submitted its Budget Views and Estimates for Fiscal Year (FY) 2023 to the House Budget Committee. The purpose of this document is to advise the Budget Committee on matters within the Financial Services Committee’s jurisdiction as it formulates the budget for FY 2023. The Views were signed by all Democratic Members ...

Committee on Financial Services Passes Eight Bills to Keep Up with Evolving Financial Marketplace, Stand Up for Vulnerable Communities

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Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to keep up with an ever-changing marketplace by modernizing our regulatory framework, closing loopholes and ensuring robust oversight, along with bills to promote financial inclusion, expand access to affordable financial services, promote impactful community development and care for those exp...

Waters Urges President Biden to Cancel $50,000 of Student Loan Debt for Each Borrower to Help Close Racial Wealth Gap

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee sent a letter to President Biden urging him to cancel $50,000 in student debt for each borrower without delay, which would provide much needed relief to millions of borrowers-- especially Millennial, Gen Z, and borrowers of color-- who are unable to realize major life milestones due to the burden of stu...

Waters Opening Statement at May Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee markup. This Congress, I am so very proud of how Committee Democrats have consistently pushed legislation that reflects our values: bills that put consumers first despite opposition from highly paid lobbyists and big corporations; that invest ...

Waters Announces Update to May Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of May: UPDATED - Tuesday, May 17 at 12:00 PM ET (and subsequent days if necessary): The full Committee will convene for a hybrid markup. Tuesday, May 24 at 12:00 PM ET: The Subcommittee on Diversity and Inclusion will convene for a virtua...

Waters Delivers Statement at First Conference Committee Meeting on the America COMPETES Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services and Conference Committee member of the America COMPETES Act of 2022, delivered the following statement at the first Conference Committee meeting on H.R. 4521, the America COMPETES Act, which includes several key provisions led by the Financial Services Committee: Thank you very much, Chair Cantwell, ...

Waters Applauds Confirmation of Federal Reserve Nominees

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement following the confirmation of four nominees to the Federal Reserve’s Board of Governors: “For years I have said that the leaders of the Federal Reserve must represent the diversity of the public they serve. Considerable progress toward this was made this week, when t...

Waters Delivers Opening Statement at Full Committee Hearing on the Annual Report of the Financial Stability Oversight Council

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “The Annual Report of the Financial Stability Oversight Council.” Good morning, and welcome Secretary Yellen. Thank you for testifying today on the annual report of the Financial Stability Oversight Council, or FSOC. Before the 2008 financi...

Waters Secures House Passage of Nine Bipartisan Financial Services Bills

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Today, Chairwoman Maxine Waters secured passage by the U.S. House of Representatives of nine bipartisan bills The Fair Hiring in Banking Act (H.R. 5911), a bill by Representative Joyce Beatty (D-OH). This bill would expand employment opportunities at banks and credit unions by reducing barriers to employment based on past minor criminal offenses. The bill specifically provides an exception for cer...

Waters Delivers Opening Statement at Subcommittee Hearing Examining the Bond Rating Industry

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “A Notch Above? Examining the Bond Rating Industry.” Thank you so very much, Chair Sherman, for holding this very timely hearing. I am so pleased with the leadership that you...

Waters Announces May Committee Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of May: Wednesday, May 11 at 10:00 AM ET: The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene for a hybrid hearing entitled, “A Notch Above? Examining the Bond Rating Industry.” Thursday, May 12 at 10:00 AM ET: The...

Waters at Semi-Annual Full Committee Hearing Overseeing the Consumer Financial Protection Bureau: “The CFPB Is Finally Back on Track”

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Consumers First: Semi-Annual Report of the Consumer Financial Protection Bureau.” Good morning. Today, we welcome Mr. Rohit Chopra, Director of the Consumer Financial Protection Bureau, before our Committee. Under your leadership, I’m plea...

Waters Statement on Positive COVID Test Result

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after receiving a positive result for COVID-19. “Today, I have received a positive test result for COVID. I am currently isolating and have no symptoms. I am following all protocols as recommended by the Office of the Attending Physician and CDC guidance. I am gratef...

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