Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of March: Tuesday, March 26 at 2:00 PM – The full Committee will convene a markup of the following bills: HR ___, the Ending Homelessness Act (Waters) HR 389, Kleptocracy Asset Recovery Rewards Act (Lynch/Budd) HR 1500, the Consume... Read more »
In recognition of Sunshine Week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, offered H. Res. 206, a resolution she introduced to shed light on money laundering and terrorism finance, on the House floor. The resolution was passed by a voice vote. See Chairwoman Waters’ floor statement below. As Prepared for Delivery Mr. Speaker, I rise in strong support... Read more »
Today, following the announcement that Wells Fargo President and CEO Timothy Sloan received $2 million in performance-based incentive pay for 2018, and total compensation of $18.4 million for the year, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement: “Given Wells Fargo’s continuing failures, it is outrageous and wholly inapp... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave a statement on the House floor in support of H. Con. Res. 24, a resolution which expresses the sense of Congress that the report of Special Counsel Robert Mueller should be made available to the public and to Congress. Chairwoman Waters is an original cosponsor of H. Con. Res. 24. See her floor st... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at a hearing entitled, “Preparing for the Storm: Reauthorization of the National Flood Insurance Program.” As Prepared for Delivery We are here today to discuss the future of the National Flood Insurance Program (NFIP), which is critical to ensuring access to flo... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R.974, the Federal Reserve Testimony Clarification Act, bipartisan legislation that clarifies who at the Board of Governors of the Federal Reserve System will testify before Congress on the status of the Federal Reserve’s supervisory efforts. As Prepared for Delivery Mr... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement in support of H.R. 1414, the FINCEN Improvement Act, bipartisan legislation to strengthen the Financial Crimes Enforcement Network (FINCEN) and address key gaps in the effort to fight financial crime. As Prepared for Delivery Mr. Speaker, the FinCEN Improvement Act is a bill... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act, bipartisan legislation that would provide law enforcement more access to the critical information it needs to combat terrorism and financial crimes, by giving a safe harbor for banks that keep customer a... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 1122, the Housing Choice Voucher Mobility Demonstration Act, bipartisan legislation to help improve services and flexibility for Americans who are receiving housing assistance. As Prepared for Delivery Mr. Speaker, rigorous studies have demonstrated that giving a low... Read more »
WASHINGTON, D.C. -Today, in response to the Trump Administration’s release of its budget request to Congress for Fiscal Year 2020, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “Trump has repeatedly shown that he has no interest in standing up for hardworking Americans and this proposal is just another example. This budget... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo's Pattern of Consumer Abuses” with Timothy Sloan, President and Chief Executive Officer of Wells Fargo and Company. As Prepared for Delivery Today, we examine Wells Fargo’s egregiou... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Today, this Committee convenes for a hearing on the Semiannual Report of the Consumer Financial Protection Bureau. Testifying today before t... Read more »
Today, at a full Committee markup, the House Financial Services Committee adopted Budget Views and Estimates for Fiscal Year 2020. The Committee’s budget views were adopted along party lines by a vote of 33-24. During the markup, Democrats accepted four out of seven amendments offered by Republicans. See below for the opening statement given by Congresswoman Maxine Waters (D-CA), Chairwoman of the... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Committee Democrats announced the reintroduction of H.R. 1500, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau). “I consider the Consumer ... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, recently delivered the following remarks at the 22nd Annual Rainbow PUSH Wall Street Project Economic Summit, where she addressed issues including the racial wealth gap and the lack of diversity in asset management. As Prepared for Delivery The Rainbow PUSH Wall Street Project’s work to promote inclusion a... Read more »
On Wednesday, the House Financial Services Committee’s Subcommittee on Diversity and Inclusion convened its first hearing, entitled “An Overview of Diversity Trends in the Financial Services Industry,” with Daniel Garcia-Diaz, Director, Financial Markets and Community Investment, U.S. Government Accountability Office. During the hearing, Congresswoman Maxine Waters (D-CA), Chairwoman of the House ... Read more »
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. Chairman Powell, welcome back to the Committee. I am concerned about some of the actions of President Trump and his Administration... Read more »
Today, at a full Committee hearing entitled, “Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following statement. As Prepared for Delivery Today, this Committee convenes for a hearing on repairing the nation’s broken credit reporting system and holding the majo... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of March. Wednesday, March 6 at 10:00 AM – The full Committee will convene a markup of FY2020 Budget Views and Estimates. Thursday, March 7 at 10:00 AM – The full Committee will convene a hearing entitled, “Putting Consumers First? A Semi-Annual Review... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the dedicated public servants of the Consumer Financial Protection Bureau (Consumer Bureau), to address the challenges they have faced in the last two years and assure them that she will use the full range of the Committee’s oversight authorities to prevent any efforts to weaken the Co... Read more »
Today, the chairs of six committees in the U.S. House of Representatives wrote to Attorney General William Barr to inform him of their expectation that he will make Special Counsel Robert Mueller’s report public “without delay and to the maximum extent permitted by law.” The letter follows news reports that suggest the Special Counsel investigation is nearing an end. The letter was signed by House... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, convened the first Committee hearing of the 116th Congress and the Committee’s first ever full Committee hearing on the issue of homelessness in this country. For years, Committee Democrats have worked to bring attention to the homelessness crisis and have put forth proactive solutions to address this ... Read more »
Today, in response to a letter from Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, invited the Ranking Member to work with Committee Democrats to enact meaningful change and address the many difficult problems facing our country today. “In the 116th Congress, the Committe... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Emanuel Cleaver (D-MO), Chair of the Subcommittee on National Security, International Development, and Monetary Policy, issued the following statements on the nomination of David Malpass, Under Secretary of the Treasury for International Affairs, to serve as President of the World Bank.... Read more »
Today, following the announcement that SunTrust and BB&T plan to merge, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement: “Last Congress, I and other Democrats warned that S.2155, which Republicans claimed to be a bill to benefit community banks, was in fact a broader deregulatory giveaway to large banks that would fuel merge... Read more »
