Press Releases

Waters Opening Statement at Hearing on Housing Resiliency in the Face of Climate Change

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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, “Built to Last: Examining Housing Resilience in the Face of Climate Change.” Thank you very much, Chairman Cleaver for convening this hearing on the need to improve the re... Read more »

Waters Calls on Appropriators to Fund Affordable Housing, Community Development Lending and Investments, Investor Protections and Homelessness Assistance

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Tags: SEC, HUD, Budget

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent letters to senior Members of the House Committee on Appropriations urging them to fund the Minority Business Development Agency, the Community Development Financial Institutions (CDFI) Fund, the Securities and Exchange Commission (SEC), and programs that support affordable housing and address homelessnes... Read more »

Waters Announces Witnesses for Third Committee Hearing on Market Volatility

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following witnesses for the May 6 full committee virtual hearing entitled: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III.” The Honorable Gary Gensler, Chairman, U.S. Securities and Exchange Commission Michael Bodson, Presiden... Read more »

Waters Announces May 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 May: May 4 at 12:00 PM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Built to Last: Examining Housing Resilience in the Face of Climate Change.” May 6 at 12:00 PM ET: The full Commi... Read more »

Waters Applauds HUD’s Withdrawal of Trump Administration Rule that Weakened Fair Housing Protections for LGBTQ+ Community

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the U.S. Department of Housing and Urban Development’s reversal of the Trump Administration’s attempt to weaken the Equal Access Rule. “I am pleased that Secretary Fudge has reversed the previous administration’s efforts that would have gutted the Equal Access Rul... Read more »

House Passes Seven Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed seven bipartisan bills introduced by House Financial Services Committee Members. The House passed the SAFE Banking Act (H.R. 1996), a bipartisan bill by Representative Ed Perlmutter (D-CO), which would help ensure cannabis businesses operating in nearly all states that have legalized its use have access to basic banking products and services, by ... Read more »

Committee Passes Legislation to Advance Racial Equity, Protect Consumers, and Improve Disclosures by Public Companies

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Today, the House Financial Services Committee passed eight bills, including legislation to advance racial and economic justice, promote equity in the financial system, ensure consumers are not exposed to abusive debt collection practices, and provide key material information to investors. The bills passed by the Committee include. The Shareholder Political Transparency Act (H.R. 1087), a bill by R... Read more »

House Financial Services Committee Passes Waters Bill on Racial and Economic Equity, Warren and Gillibrand Introduce Senate Companion

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Today, the Financial Services Committee passed legislation introduced by Chairwoman Maxine Waters (D-CA) to require the Federal Reserve to use its existing authorities to close racial employment and wage gaps and report on how the gaps change over time. Senator Elizabeth Warren (D-MA) and Senator Kirsten Gillibrand (D-NY) introduced companion legislation in the Senate to address the inequities tha... Read more »

Waters Announces Committee Reauthorization of Task Forces on Financial Technology and Artificial Intelligence for 117th Congress

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the reauthorization of the Financial Technology and Artificial Intelligence Task Forces. “I am very pleased to announce that our Task Forces on Financial Technology and Artificial Intelligence will continue their work examining emerging technologies in the financial services and housing indus... Read more »

Waters Delivers Opening Statement at Full Committee Markup

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid markup. Good morning. Today, we are here to mark up a series of important measures. I am very pleased that, following the Committee’s hearing in March on racial justice and racial equity, today the Committee will be considering several bills by... Read more »

Waters Applauds the Biden Administration’s New Russia Sanctions

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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 »

Waters Applauds Gary Gensler’s Confirmation as Chairman of the Securities and Exchange Commission

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Tags: SEC

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 »

Waters Opening Statement at Subcommittee Hearing: As Markets Transition Away from LIBOR, We Must Protect Consumers, Investors, and Financial System

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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 »

Waters Opening Statement at Subcommittee Hearing on Trends in Financial Institution Charters

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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 »

Waters, Brown Announce Hearings with Major Bank CEOs

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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 »

Waters at Infrastructure Hearing: We Have Momentum for Serious, Equitable Investments in Our Housing System

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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 »

Waters Urges Increase in FinCEN Appropriations to Support Landmark Bipartisan Legislation to Combat Financial Crime

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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 »

Waters and Warner Urge Extension of Emergency Capital Investment Program Application Deadline

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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 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 »

Waters and Warner Hold Inaugural Meeting of Community Development Finance Advisory Group

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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 »

Waters Announces April Hearing Schedule

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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 »

Waters Opening Statement at Hearing on Public Housing During the Pandemic

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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 »

Waters at Hearing with Yellen and Powell: We Must Ensure That There is a Sustained and Equitable Recovery

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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 »

Waters and Beatty Request Diversity Data From the Nation’s Largest Investment Firms

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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 »

Waters at Subcommittee Hearing on Diversity Data: We Are Continuing to Hold the Financial Services Industry Accountable

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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 »

Waters at Second Hearing on Ongoing Market Volatility: The Committee Must Assess Legislative Next Steps

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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 »



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