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Financial Services, Oversight and Intelligence Committees Issue Statement on Supreme Court Decision to Hear Case for President Trump’s Financial Records

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the Committee on Oversight and Reform, and Congressman Adam B. Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence, issued the following statement in response to the Supreme Court agreeing to review cases for President Trump’s fi... Read More »

Committee Passes Commonsense Legislation to Benefit Hardworking Americans

| Posted in Press Releases

Yesterday, the House Financial Services Committee passed eight bills to protect student borrowers, enhance consumer credit reporting, ensure that regulators are working to preserve and promote Minority Depository Institutions (MDIs), and improve cybersecurity. The bills passed by the Committee included. Protecting Your Credit Score Act of 2019 (H.R. 5332), a bipartisan bill by Representative Josh ... Read More »

Waters to Lead Trip with Committee Dems to Public FDIC Meeting on Proposed CRA Rule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that she plans to lead a delegation of the Committee in attending a public meeting of the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors, which consists of FDIC Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting, Consumer Financial Protection Bureau Direc... Read More »

Waters, Brown, and Meeks Lead House and Senate Committee Democrats in Letter to Regulators on Proposed CRA Changes

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, and Congressman Gregory Meeks (D-NY), Chairman of the House Subcommittee on Consumer Protection and Financial Institutions, led a letter to Jerome H. Powell, Chairman of the Board of Governors of... Read More »

Waters Opening Statement at Final Committee Markup of 2019

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup to protect student loan borrowers, improve our broken credit reporting system, preserve and promote Minority Depository Institutions and strengthen our nation’s cybersecurity As Prepared for Delivery Today the Committee will mark up eight ... Read More »

Waters Statement on the Passing of Paul Volcker

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the passing of Paul Volcker. “I am deeply saddened by the news that Paul Volcker, former Chairman of the Federal Reserve and outspoken advocate for financial reform, has passed away. Chairman Volcker was a dedicated public servant and leader whose remarkable contribut... Read More »

Sherman Elected as Chairman of Subcommittee on Investor Protection, Entrepreneurship and Capital Markets

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Congressman Brad Sherman (D-CA) was elected by the Committee’s Democratic Caucus to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. “I am very proud of the work the House Financial Services Committee has completed during the 116th Congr... Read More »

House Passes Financial Services Bill to Explicitly Ban Insider Trading

| Posted in Press Releases

Today, the U.S. House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act, a bill to create the nation’s first statute explicitly banning insider trading. H.R. 2534 creates a clear definition of illegal insider trading under securities laws so that there is a codified, consistent standard for courts and participants in financial markets, and to better protect the hard-earned s... Read More »

Waters Again Presses Mnuchin to Explain the Trump Administration’s Harmful Actions

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Promoting Financial Stability? Reviewing the Administration’s Deregulatory Approach to Financial Stability." As Prepared for Delivery Welcome back, Secretary Mnuchin. Today we are here to discuss the Trump Administration’s... Read More »

Waters Urges Regulators to Hold Depository Institutions Accountable

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions?” As Prepared for Delivery Good morning. Today we are here to conduct oversight of regulators at the F... Read More »

Committee Majority Slams Carson’s Proposal to Gut the Fair Housing Act

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Committee Democrats wrote a letter to Ben Carson, Secretary of the Department of Housing and Urban Development, blasting the agency’s proposed changes to the disparate impact standard under the Fair Housing Act, which would make it harder for everyday Americans who find themselves victims of housin... Read More »

Chairwoman Waters Announces December Committee Schedule

| Posted in Press Releases

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 December: December 4 at 10:00 AM – The full Committee will convene for a hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions?” December ... Read More »

Waters Introduces Legislation to Invest in America’s Housing Infrastructure

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R.5187, the Housing is Infrastructure Act of 2019, a bill to provide the necessary funding to improve the nation’s housing infrastructure and create jobs across the country. “We are in the midst of a housing affordability crisis across the country, caused in part by the lack of affordable ... Read More »

Waters Statement at Subcommittee Hearing on Minority Depository Institutions

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions.” As Prepared for Delivery Thank you, Chairman Meeks. Minority depository insti... Read More »

Waters Statement on Regulators’ Approval of the SunTrust/BB&T Merger

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement in response to the Federal Reserve and Federal Deposit Insurance Corporation’s (FDIC) approval of the merger between SunTrust and BB&T. “I have long voiced concerns about the threat that megabanks pose to consumers and our economy. In order to shed light on the potential im... Read More »



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