Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, who is a leading, outspoken critic of former President Trump, his close ties to Russia and the Trump Administration’s failure to address acts of Russian hostility against the U.S., made the following statement regarding the Biden Administration’s announcement of a new package of sanctions against Ru... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the confirmation of Gary Gensler as Chairman of the Securities and Exchange Commission. “I congratulate Gary Gensler on his confirmation as Chairman of the Securities and Exchange Commission (SEC). “Gary Gensler has a proven track record as a tough regulator on Wa... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets virtual hearing entitled, “The End of LIBOR: Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing, and Other Financial Products.” ... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions virtual hearing entitled, “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters.” Thank you very much Chairman Perlmutter for holding this very important h... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, announced that hearings with the CEOs of the nation’s largest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley, will be held... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee virtual hearing entitled, “Build Back Better: Investing in Equitable and Affordable Housing Infrastructure.” Today, the Committee will be focusing on the need for major investments in equitable and affordable housing infrastructure. Last month, Congre... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to senior Members of the House Committee on Appropriations, Subcommittee on Financial Services and General Government, urging them to support supplemental funding to the Financial Crimes Enforcement Network (FinCEN). “I write to urge a substantial increase of not less than $74.3 million i... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Mark Warner (D-VA) sent a letter to Treasury Secretary Janet Yellen urging the extension of the Emergency Capital Investment Program (ECIP) application deadline to ensure the highest level of participation from eligible community development financial institutions (CDFIs) and minority depos... Read More »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Mark Warner (D-VA), held the inaugural meeting of a new advisory group focused on public policies that support minority depository institutions (MDIs) and community development financial institutions (CDFIs), whose mission includes supporting low- and moderate-income communities, communities of... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following hearings in the month of April: April 14 at 10:00 AM ET: The full Committee will convene for a virtual hearing entitled, "Build Back Better: Investing in Equitable and Affordable Housing Infrastructure." April 15 at 10:00 AM ET: The Subcommittee on Consumer Protection and Fin... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a Subcommittee on Housing, Community Development and Insurance virtual hearing entitled, “Preserving a Lifeline: Examining Public Housing in a Pandemic.” Thank you very much Mr. Chairman. I certainly appreciate this hearing that you’re holding today. Of course... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” I’d like to welcome Secretary Yellen and Chair Powell. I am very pleased that, with Democrats’ passage of President Biden’s American Re... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, sent requests to the nation’s 31 largest investment firms—those with $400 billion or more of assets under management—for data on their diversity and inclusion. “We are making progress to ensure a comprehensi... Read More »
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 virtual hearing entitled, “By the Numbers: How Diversity Data Can Measure Commitment to Diversity, Equity and Inclusion.” Today, we are continuing to hold the financial services industry accountable for diversity and i... Read More »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee virtual hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II.” Good morning every one. Today this Committee convenes for our second hearing on the ongoing volatility involv... Read More »
