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Committee Members Ask Hard-Hitting Questions, Facebook Offers Very Few Answers

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Yesterday, at a hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System,” Committee Democrats asked David Marcus, Chief Executive Officer of Calibra, tough questions on Facebook’s proposed cryptocurrency and digital wallet. “Both sides of the aisle came well prepared to ask significant questions,” said Rep. Maxine Wa... Read More »

Waters to Facebook: Today’s Hearing is Only the First Step in Our Oversight and Legislative Process

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full Committee hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System.” As Prepared for Delivery Today we are here for a hearing on Facebook’s proposed digital currency, ... Read More »

Committee Passes 8 Bills to Protect Consumers and Investors

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Today, the House Financial Services Committee, held a markup of eight bills to benefit consumers and investors and strengthen disaster relief funding programs. See the Chairwoman’s opening statement here and the legislation below. H.R. 3621, the Student Borrower Credit Improvement Act, a bill that helps private student loan borrowers remove adverse information for certain defaulted or delinquent l... Read More »

Waters’ Opening Statement at Markup

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full committee markup: As Prepared for Delivery Good morning. Today this Committee will mark up eight bills, and I am pleased to say that several of the bills we will take up today have bipartisan support. I am also proud to say that so far this Congres... Read More »

Waters and Sherman Amendment to NDAA Sanctioning Russia for 2018 Election Interference Passes House

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On Thursday, an amendment to the National Defense Authorization Act for Fiscal Year 2020 offered by Congressman Brad Sherman (D-CA) and cosponsored by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services, passed the U.S. House of Representatives. The Sherman-Waters amendment would prohibit U.S. persons from trading in new Russian sovereign debt within 90 days of enactment... Read More »

Committee Passes Legislation to Reform the Credit Reporting System, Increase Diversity, and Strengthen Housing Protections

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Today, the House Financial Services Committee, held a markup of ten bills to reform the broken credit reporting system, increase diversity and inclusion efforts in the financial services sector, improve the homebuying process and preserve the affordability of rural housing. See the legislation below. H.R. 281, the Ensuring Diverse Leadership Act of 2019, a bill that would require the Federal Reser... Read More »

Waters Opening Statement at Markup

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full committee markup: As Prepared for Delivery Good morning. Today we will mark up a set of bills on a range of issues, including credit reporting, housing, diversity and inclusion, and investor protection. I have long said that our credit reporting sy... Read More »

Committee Democrats Work to Reform Broken Credit Reporting System

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, will convene a full Committee markup that will include bills introduced by Committee Democrats to make critical reforms to the broken credit reporting system. This markup follows a February hearing entitled, “Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System,” where ... Read More »

Waters Asks Fed Chair: If You Got a Call From the President and He Said I’m Firing You, What Would You Do?

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Today, during the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, posed a question to Chairman Powell regarding what his response would be if President Trump called him and told him he was fired. See the exchange below. ### Read More »

Waters at Fed Hearing: Federal Reserve Independence is Essential

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy with Federal Reserve Chairman Jerome Powell. As Prepared for Delivery Today, this Committee convenes for a hearing on monetary policy and the state of the economy. Chairman Po... Read More »

House Passes Seven Financial Services Bills

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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 Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee. H. Res. 456, Emphasizing the Importance of State Regulators, a bipartisan resolution emphasizing the investor protection and education missions of ... Read More »

Committee Democrats Call on Facebook to Halt Cryptocurrency Plans

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congresswoman Carolyn Maloney (D-NY), Chair of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee; Congressman William Lacy Clay (D-MO), Chairman of the Housing, Community Development and Insurance Subcommittee; Congressman Al Green (D-TX), Chairman of the Oversight and Investig... Read More »

House Passes Waters’ Amendments to Support Small Businesses and Protect Investors

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This week, the House of Representatives passed H.R. 3351, the fiscal year 2020 Financial Services and General Government Appropriations bill, which provides $24.6 billion to assist taxpayers, support small businesses and funds a broad range of government agencies including the Department of Treasury and the Consumer Financial Protection Bureau. Congresswoman Maxine Waters (D-CA), Chairwoman of the... Read More »

Committee Passes Legislation to Protect Residents of HUD-Subsidized Housing from Carbon Monoxide

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Today, the House Financial Services Committee, held a markup of H.R. 1690, the Safe Housing for Families Act of 2019, legislation that protects residents of public housing from carbon monoxide poisoning. This legislation, introduced by Rep. Chuy Garcia (D-IL), would authorize $300 million over three years to fund the installation and maintenance of carbon monoxide detectors in Department of Housin... Read More »

Chairwoman Waters Announces July Hearings

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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 July: Wednesday, July 10 at 10:00 AM — The full Committee will convene a hearing entitled, “Monetary Policy and the State of the Economy.” Wednesday, July 10 at 2:00 PM — The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets ... Read More »



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