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Facebook CEO to Testify Before Financial Services Committee

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Facebook Chairman and CEO Mark Zuckerberg will testify before the Committee at an October 23 hearing. Zuckerberg will be the sole witness at the hearing, which is entitled, “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” In July, Chairwoman Wate... Read More »

Waters Announces Updates to October Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of October: Wednesday, October 16 at 10:00 AM: The full Committee will convene a hearing entitled, “Who Is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Wednesday, October 16 at 2:00 PM: The Subcommittee ... Read More »

Waters Announces October Hearings

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of October: Wednesday, October 16 at 10:00 AM: The full Committee will convene a hearing entitled, “Who is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Wednesday, October 16 at 2:00 PM: The Subcommittee ... Read More »

Waters and Brown Call on Appraisal Subcommittee to Provide Answers on Unprecedented Appraisal Waiver

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the Appraisal Subcommittee (ASC) Chairman Arthur Lindo requesting answers about ASC’s decision to grant a waiver of appraiser certification and licensing to the state of North Dakota.... Read More »

Waters Applauds House Passage of the SAFE Banking Act

| Posted in Press Releases

Today, the U.S. House of Representatives passed H.R. 1595, the SAFE Banking Act, legislation sponsored by Congressmen Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH), Members of the House Financial Services Committee, to make reforms that will ensure that state-authorized and regulated Cannabis businesses are not forced to operate with cash only. The legisl... Read More »

Waters Statement on House Consideration of the SAFE Banking Act and the Need For Comprehensive Cannabis Reforms

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement on the need for comprehensive federal cannabis reforms. “I am very pleased that the SAFE Banking Act, which makes reforms to ensure that state-authorized and regulated Cannabis businesses are not forced to operate with cash only, an issue which Representatives Perlmutter... Read More »

Waters to SEC Commissioners: The SEC Is Not Fulfilling Its Mission as Wall Street’s Cop

| 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 with Securities and Exchange Commission (SEC) Chairman Jay Clayton and Commissioners Robert Jackson, Hester Peirce, Elad Roisman and Allison Herren Lee. As Prepared for Delivery Good morning. I want welcome back Chairman Clayton, and welc... Read More »

House Passes Nine Bipartisan Financial Services Bills

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On Thursday, the U.S. House of Representatives passed nine financial services bills that protect whistleblowers, support home buyers, advance technologies to thwart bad actors, protect government employees and others affected by a government shutdown, in addition to creating several commemorative coins and medals, including: H.R. 3625, the PCAOB Whistleblower Protection Act of 2019, a bill that wo... Read More »

Committee Passes 12 Bills to Benefit Consumers, Investors and Vulnerable Families

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Today, the House Financial Services Committee passed 12 bills to benefit consumers, investors, and vulnerable families, including six bipartisan measures. The legislation passed by the Committee included: The Investor Protection and Capital Markets Fairness Act (H.R.4344), a bill by Representative Ben McAdams (D-UT), that would substantially strengthen the authority of the Securities and Exchange ... Read More »

Waters Statement on FDIC Proposal to Eliminate Inter-Affiliate Swaps Initial Margin

| Posted in Press Releases

Today, following the release of a Federal Deposit Insurance Corporation (FDIC) proposal to eliminate the requirement that banks collect initial margin when transacting with their affiliates, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “The rollback of this important safeguard has been on Wall Street’s wishlist since the ... Read More »

Waters Opening Statement at Hearing on Private Securities Markets

| 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, “Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment.” Good morning. I’d like to thank Chair Maloney for holding this hearing on an important and growing part of our financial system—the private securi... Read More »

House Passes Five Financial Services Bills

| Posted in Press Releases

On Tuesday, the U.S. House of Representatives passed the following bills offered by House Financial Services Committee Members, and managed on the House floor by Congressman Michael San Nicolas (D-GU), Vice Chairman of the House Financial Services Committee. H.R. 2852, Homebuyer Assistance Act of 2019, a bill that would make it easier for homebuyers to buy a home with a Federal Housing Administrat... Read More »

Waters Opening Statement at Hearing on Student Loan Debt Crisis

| 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, “A $1.5 Trillion Crisis: Protecting Student Borrowers and Holding Student Loan Servicers Accountable.” As Prepared for Delivery Good morning. Today this Committee convenes for a hearing to examine the student loan debt crisis. I... Read More »

Waters Statement on Trump Housing Finance Reform Plan

| Posted in Press Releases

Today, in response to the Trump Administration’s release of a housing finance reform proposal, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement: “Reforming our system of housing finance is a proposition that has very serious implications for millions of Americans, including those aspiring to become homeowners as well as rente... Read More »

Waters Statement at Conclusion of Bipartisan Congressional Delegation to Europe and Middle East

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after the Congressional delegation she led to Europe and the Middle East concluded its trip. Congressman Michael San Nicolas (D-GU), Vice Chair of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and Congressman Lance Gooden (R-TX), joined the d... Read More »



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