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Press Releases

America COMPETES Act Contains Key Provisions Authored by Committee Democrats

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced nine provisions included in the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022. The America COMPETES Act of 2022, which was introduced in the House of Representatives today, strengthens the competitiveness of the U.S...

Waters Announces February Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of February: February 2 at 10:00 AM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Housing America: Addressing Challenges in Serving People Experiencing Homelessness.” February 3 at 10:...

Waters: We Must Continue to Explore a CBDC and Be Laser-Focused on Financial Inclusion

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee released a statement on the Board of Governors of the Federal Reserve System’s (Federal Reserve) discussion paper regarding a potential U.S. central bank digital currency (CBDC). “As a growing number of Americans and businesses engage with or invest in digital assets such as stablecoins and other crypto...

Waters Announces Update to January Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of January: POSTPONED - January 20 at 10:00 AM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Housing America: Addressing Challenges in Serving People Experiencing Homeles...

House Passes Two Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed two bipartisan House Financial Services Committee bills. The Ghost Army Congressional Gold Medal Act (S. 1404), a bill by Senator Edward Markey (D-MA). This bill provides for the award of a Congressional Gold Medal to the 23rd Headquarters Special Troops and the 3133rd Signal Services Company, known collectively as the Ghost Army, in recognition ...

Waters and Warner Urge the Federal Reserve to Provide Guidance to Maximize Impact of Investments to Support Diverse and Mission-Driven Community Financial Institutions

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Mark Warner (D-VA) sent a letter to Federal Reserve Chair Jerome Powell to urge the Federal Reserve to provide guidance as soon as possible to Subchapter S and Mutual bank Emergency Capital Investment Program (ECIP) recipients on concerns they raised. Chairwoman Waters led the effort in Con...

Waters Statement on $1.85 Billion, Multistate Navient Settlement

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the multistate settlement reached with Navient, one of the largest student loan servicers in the country, related to allegations of predatory lending and unfair student loan servicing practices that harmed borrowers nationwide: “Last week, thousands of...

Waters Applauds California’s Use of Federal Homeowner Assistance Fund for the California Mortgage Relief Program

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement regarding the launch of the largest mortgage relief program in the country, the California Mortgage Relief Program, which will help tens of thousands of California homeowners avoid foreclosure. Chairwoman Waters and the Committee on Financial Services worked tirelessly to secure $10 billi...

Waters Applauds Nominations of Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson to Leadership Roles in the Federal Reserve

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement applauding President Biden’s nomination of Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson to key leadership roles within the Federal Reserve. “I am pleased that President Biden has decided to nominate Sarah Bloom Raskin to be Vice Chair for Supervision of the Board of Governor...

Waters, Cleaver, Torres, Ocasio-Cortez and Dean Respond to Tragic Housing Fire Deaths, Demand Answers from Federal and Local Officials

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and several Democratic Members of the Committee, including Congressman Emanuel Cleaver (D-MO), Congressman Ritchie Torres (D-NY), Congresswoman Alexandria Ocasio-Cortez (D-NY) and Congresswoman Madeleine Dean (D-PA), sent letters to Marcia Fudge, Secretary of the United States Department of Housing ...

Waters Announces Committee Victories in 2022 National Defense and Authorization Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2022 National Defense Authorization Act (NDAA) — legislation that authorizes the federal government to spend money on the nation’s defense. The law includes several priorities of Democratic Members of the Financial Se...

Waters Statement on New U.S. Quarter Featuring Maya Angelou

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the distribution of the new U.S. quarter featuring award-winning author, poet and activist, Maya Angelou: “For so long, Black women who have shaped American history and forced this country to live up to the values enshrined in the Constitution have bee...

Waters Announces January Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of January: RESCHEDULED - January 19 at 10:00 AM ET: The Subcommittee on Oversight and Investigations will convene for a virtual hearing entitled, “Ensuring Equitable Delivery of Disaster Benefits to Vulnerable Communities and Peoples: An ...

Waters Requests FDIC Chairman Provide Legal Basis for Impeding Board Majority’s Request for Public Input on Merger Reviews

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Tags: CFPB, FDIC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Jelena McWilliams, Chairman of the FDIC, urging the FDIC Chairman to cite the legal authority she’s relying on in her attempt to block the FDIC Board Majority from seeking the public’s input on strengthening the bank merger review process. The letter also urges the FDIC Chairman to rec...

Waters Applauds SEC Response to H.R. 1528 “Promoting Transparent Standards for Corporate Insiders Act” and Other Committee Recommendations to Protect Investors and Strengthen Market and Corporate Integrity

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day, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to Securities and Exchange Commission’s (SEC) December 15, 2021 rule proposals. “I am pleased that the SEC has proposed rules that incorporate recommendations from my bill, the “Promoting Transparent Standards for Corporate Insiders Act,” which passed the H...

Waters Applauds FSOC and OCC Actions to Address Climate-Related Financial Risk

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Office of the Comptroller of the Currency’s (OCC) releasing principles on climate-related financial risk, and the Financial Stability Oversight Council (FSOC) establishing a Climate-related Financial Risk Committee within FSOC: “Last year, I called...

Waters Blasts FDIC Chairman McWilliams’ Attempt to Block Bank Merger Protections for Working Families

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Federal Deposit Insurance Corporation (FDIC) Chairman’s efforts to block a majority of the FDIC Board from updating bank merger review processes that would protect working families across this country from being denied access to capital and banking services. “...

Waters Congratulates Alanna McCargo on Confirmation as President of Ginnie Mae

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement congratulating Alanna McCargo on her confirmation as President of the Government National Mortgage Association (Ginnie Mae) this week. “I would like to congratulate Alanna McCargo and the Biden Administration on this week’s Senate confirmation of Ms. McCargo as President of the Gov...

Waters Applauds Biden's Nomination of Sandra L. Thompson as Permanent Director of the FHFA

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement applauding President Biden’s announcement to nominate Acting Director Sandra L. Thompson to continue her leadership of the Federal Housing Finance Agency (FHFA). “I am pleased that President Biden has nominated Ms. Sandra L. Thompson as Director of the Federal Housing Finance Agency (FHFA...

Waters Calls on Fed, FDIC, and OCC to Halt Mergers and Acquisitions Over $100 Billion

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Today, following recent news from the Chair of the Board of Governors of the Federal Reserve System (Fed) and the Federal Deposit Insurance Corporation (FDIC) Board that they are conducting reviews to update their bank merger and acquisition (M&A) approval procedures, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Jerome Powell, Chair of ...

Waters on Diversity and Inclusion Performance at Nation’s Largest Investment Firms: Transparency and Accountability Is the Path to Progress

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Diversity and Inclusion hybrid hearing entitled, “A Review of Diversity and Inclusion Performance at America’s Largest Investment Firms.” Thank you so very much, Chair Beatty. I am proud that your efforts have culminated in yet another groundbreaking report...

Waters Delivers Opening Statement at December Full Committee Hearing with Cryptocurrency Industry Leaders

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.” Today’s hearing is part of this Committee’s ongoing review of digital assets. Earlier this year, I cr...

Waters and Beatty Release Committee Staff Report Highlighting Diversity Shortcomings at America’s Largest Investment Firms

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, and Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, released a Majority staff report entitled, “Diversity and Inclusion: Holding America’s Largest Investment Firms Accountable.” Immediately after George Floyd’s murder, large firms and financial institutions made pu...

Waters Announces Update to December Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of December: POSTPONED - December 7 at 10:00 AM ET: The Subcommittee on Oversight and Investigations will convene for a hybrid hearing entitled, “Ensuring Equitable Delivery of Disaster Benefits to Vulnerable Communities and Peoples: An Ex...

Waters Announces Cryptocurrency CEOs to Testify at Full Committee Hearing

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the December 8 full Committee hybrid hearing entitled, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.” Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Samuel Bankman-Fried, ...

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