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Waters Announces December 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 December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid hearing entitled, “Boom and Bust: The Need for Bold Investments in Fair and Affordable Housing to Combat Inflation.” Tuesday, December 6 at 10 a.m. ET: The Sub...

Chairwoman Waters Congratulates Acting Chair Marty Gruenberg on Nomination as FDIC Chair

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services released this statement following the Biden administration’s nomination of Martin Gruenberg to be chairman of the Federal Deposit Insurance Corporation (FDIC): “I want to congratulate Acting Chair Martin Gruenberg on his nomination by President Biden to serve as chairman of the Federal Deposit Insura...

ICYMI: Chairwoman Waters Presses Nation’s Regulators on FTX Collapse, Efforts to Protect Communities

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, convened a full committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” As it stands, America’s workers, small businesses, and communities are feeling the impacts of persistent inflation, an ongoing C...

Waters Delivers Opening Statement at Full Committee Hearing on Oversight of Prudential Regulators

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” Good morning, everyone. I would like to welcome Vice Chair Barr, Acting Chairman Gruenberg, Chairman Harper...

Chairwoman Waters, Ranking Member McHenry Announce December Hearing to Investigate FTX Collapse

| Posted in Press Releases

Today, the Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), and the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), announced a bipartisan hearing into the collapse of FTX and the broader consequences for the digital asset ecosystem. In December, the Committee expects to hear from the companies and individuals i...

Waters Delivers Opening Statement at Subcommittee Hearing Examining U.S. Capital Flows to Foreign Rivals and Adversaries Around the World

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA) Chairwoman of the House Committee on Financial Services, delivered the follow statement at a Subcommittee hearing on Investor Protection, Entrepreneurship and Capital Markets entitled, “Investing in our Rivals: Examining U.S. Capital Flows to Foreign Rivals and Adversaries Around the World.” Each year, billions of dollars of capital from the U.S. are invested int...

Waters Delivers Opening Statement at Subcommittee Hearing on Addressing Chronic Disinvestment in Colonias, the Southern Black Belt, and the U.S. Territories

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA) Chairwoman of the House Committee on Financial Services, delivered the following statement at a subcommittee hearing on Housing, Community Development and Insurance entitled, “Persistent Poverty in America: Addressing Chronic Disinvestment in Colonias, the Southern Black Belt, and the U.S. Territories.” Thank you very much Mr. Cleaver for this hearing. Over 1.7 m...

Waters Announces November 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 November: Tuesday, November 15 at 10 a.m. ET: The Subcommittee on Housing, Community Development, and Insurance will convene for a hybrid hearing entitled, “Persistent Poverty in America: Addressing Chronic Disinvestment in Colonias, the U.S. Territo...

Chairwoman Waters Expresses Concern over HUD’s Draft Solicitation for Housing Assistance Payments, Urges Protection of Federally Assisted Housing Stock

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Department of Housing and Urban Development (HUD) expressing concerns about HUD’s current draft solicitation for Housing Assistance Payments (HAP) Contract Support Services and its negative impact on mission-driven Performance Based Contract Administrators (PBCAs), like LA LOMOD Co...

Chairwoman Maxine Waters’ Statement on Recent Binance and FTX Events

| Posted in In Case You Missed It

Following news involving cryptocurrency exchange trading platforms Binance and FTX.com, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement: “The recent fall of FTX.com – a major international cryptocurrency trading platform – is just the latest example in a string of incidents involving the collapse of cryptocurrency companies...

Chairwoman Waters Warns Chair Powell About Consequences of Interest Rates Hike, Urges Extreme Caution to Avoid Recession

| Posted in Press Releases

Following the Federal Reserve’s recent decision to increase the federal funds rate by 0.75 percent to a target range of 3.75 percent to 4 percent – marking the sixth consecutive rate hike and the fourth consecutive super-sized rate hike in just the past eight months – today Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Federal Reserve Ch...

ICYMI: Chairwoman Waters Joins DC Fintech Week to Discuss Leadership in Financial Technology Space, Promoting Financial Inclusion

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, joined Professor Chris Brummer, Professor at Georgetown University Law Center and founder of DC Fintech Week, at his annual DC Fintech Week to discuss financial technology and the future of finance. Since assuming the Chair in 2019, Chairwoman Waters and the Committee have been leading the charge in Congre...

Waters Announces Financial Services Suspension Victories

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced passage of the following bills under suspension of the rules: H.R. 6889, the “Credit Union Board Modernization Act” is a bill offered by Representative Juan Vargas (D-CA) that would reduce the minimum number of board of director meetings for Federal credit unions that are highly rated by their re...

Chairs Waters and Velázquez Urge Biden Administration to Approve Additional Assistance to Help Puerto Ricans Recover Equitably from Hurricane Fiona

| Posted in Press Releases

Following the devastating impact of Hurricane Fiona that has displaced millions of families across Puerto Rico, today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Nydia M. Velázquez (D-NY), Chairwoman of the House Committee on Small Business, sent a letter to President Biden calling on the administration to remain steadfast in its com...

Chairwoman Waters’ Statement on World Bank President’s Comments on Climate Change

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to World Bank President David Malpass’s refusal to accept the scientific consensus that the burning of fossil fuels is dangerously warming the planet: “President Malpass’s refusal to accept the overwhelming scientific consensus that human activity, specifica...

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