Press Releases

Waters to Mnuchin and Carranza: Paycheck Protection Program Funds Must Not Be Used to Pay Private Equity or Other Funds

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza. “Any funds granted through [the paycheck protection program] must not be used to pay any debts or obligations to private funds, including management or consulting fees,” said Chairwoma... Read more »

Waters Calls on SEC and Treasury to Resist Efforts to Roll Back Protections for Non-Traditional Workers During COVID-19 Crisis

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On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Securities and Exchange Commission Chairman Jay Clayton and Treasury Secretary Steven Mnuchin, urging them to uphold safeguards put in place to protect non-traditional workers—such as contractors, freelancers, and those in the gig economy— during the Coronavirus pandemic. “Unsur... Read more »

During COVID-19 Crisis, Waters Calls on Treasury and SBA to Allow All Local, Community Financial Institutions to Participate in Program to Support Small Businesses

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, and Jovita Carranza, Administrator of the U.S. Small Business Administration (SBA), urging them to ensure all financial institutions, including community banks, credit unions, minority depository institutions, and Commun... Read more »

Committee Releases Answers to Frequently Asked Questions About the CARES Act

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Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), released a document with answers to frequently asked questions regarding financial services provisions in H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (CARES Act), legislation that was passed into law to provide relief to those who are impacted by the Coronavirus pandemic. This document was de... Read more »

Waters to Mnuchin: The Committee Will Closely Monitor Your Implementation of the CARES Act

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Following the passage of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, urging him to ensure the law benefits workers, families, and the rest of the American people it was intended to help as a re... Read more »

Waters Condemns Trump Signing Statement on Bipartisan COVID-19 Stimulus Bill

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding President Trump’s signing statement on the Coronavirus Aid, Relief and Economic Security Act (CARES Act). “This President’s signing statement on the CARES Act is outrageous and unacceptable. It is a brazen attempt to subvert the oversight measures in this legis... Read more »

Waters Releases Extended Statement for the Record on the CARES Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released an extended statement for the record on H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The statement provides guidance to the Trump Administration on congressional intent behind the law, and serves to fill out the congressional record in the absence of Committ... Read more »

Waters Asks for Briefing on Whether the Fed is Considering Removing Wells Fargo’s Asset Cap

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Following reports that Wells Fargo & Company has requested that the Federal Reserve remove an asset cap imposed in response to widespread consumer abuses and compliance breakdowns, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, wrote a letter to Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve System, requesting additional infor... Read more »

Committee Democrats At Work: Rep. Gottheimer Introduces Bill to Strengthen National Pandemic Planning

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As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Waters Delivers House Floor Statement on the Coronavirus Aid, Relief, and Economic Security Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor statement in support of H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (CARES Act). As Prepared for Delivery Mr. Speaker, I rise in support of the Senate Amendment to H.R. 748, now referred to as the Coronavirus Aid, Relief, and Economic Security Act or... Read more »

Committee Democrats At Work: Rep. Dean Introduces Bill to Provide Relief to Student Loan Borrowers

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As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Garcia Introduces Bill to Ban Evictions During COVID-19 Crisis

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As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Scott Introduces Bill to Create a $35 Billion Homeowner Assistance Fund During COVID-19 Crisis

| Posted in Press Releases

As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Phillips Introduces Bill to Establish a Congressional COVID–19 Oversight Panel

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As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats At Work: Rep. Vargas Introduces Bill to Provide Additional Defense Production Act Funding During COVID-19 Crisis

| Posted in Press Releases

As the nation endures the impact of the COVID-19 pandemic, Committee Democrats led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, have released the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to... Read more »

Committee Democrats Roll Out Legislation to Provide Comprehensive Stimulus and Public Policy Response to Coronavirus Pandemic

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, led Committee Democrats in releasing the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. “The House Financial Services... Read more »

Waters and 29 Democrats Work to Protect Fair Housing Regulations During COVID-19 Crisis

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led a letter to Benjamin Carson, Secretary of the Department of Housing and Urban Development (HUD), urging him to withdraw the agency’s harmful 2020 Affirmatively Furthering Fair Housing (AFFH) proposal. This proposal would gut an important rule finalized by the Obama Administration that provides comm... Read more »

Waters Statement on Representative Ben McAdams

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued a statement following Representative Ben McAdams’ (D-UT) announcement that he has been diagnosed with COVID-19: “I and my colleagues are all wishing Representative McAdams a speedy recovery and good health. “As a new Member of the Financial Services Committee this Congress, Representative McA... Read more »

Waters Announces Committee Plan for Comprehensive Fiscal Stimulus and Public Policy Response to Coronavirus Pandemic

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released plans for a legislative package to provide a comprehensive fiscal stimulus and public policy in response to the coronavirus pandemic. “As the COVID-19 pandemic continues to spread, we have seen the devastating effects on workers, consumers, investors, markets, and the economy,” said Chairwoman... Read more »

Waters Statement on Federal Reserve Response to Coronavirus

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the Federal Reserve’s (Fed) recent actions to increase liquidity to the financial system in response to the pandemic coronavirus (COVID-19) crisis: “The global spread of the novel coronavirus has adversely impacted the lives of millions of Americans, the economy... Read more »

Waters Urges FDIC Not to Grant ILC Charters Until Agency Finalizes Upcoming Rule

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Tags: FDIC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote to Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation (FDIC), calling on the agency not to grant any new Industrial Loan Company (ILC) charters until after the agency receives and considers feedback on a forthcoming new regulatory proposal regarding ILCs. “[T]o the extent... Read more »

Waters Leads Letter Urging SEC to Protect Investors and Promote International Transparency

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services; Congressman Eliot Engel (D-NY), Chairman of the House Committee on Foreign Affairs; Congressman Raúl Grijalva (D-AZ), Chairman of the House Committee on Natural Resources, Congressman Brad Sherman (D-CA), Chairman of the Financial Services Subcommittee on Investor Protection, Entrepreneurship, and C... Read more »

Chairwoman Waters Announces Postponement of March Committee Hearings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the postponement of all remaining public hearings for March due to the urgent public health crisis resulting from the pandemic coronavirus: POSTPONED – Full Committee hearing entitled, “An Examination of Secretary Carson’s Efforts to Undermine Affordable Housing in America.” POSTPONED – Subco... Read more »

Waters Leads Letters Calling on Regulators and Financial Institutions to Protect Americans and the Financial System from Impact of Coronavirus

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led six letters to Administration officials, prudential regulators, financial services organizations and credit reporting agencies expressing concerns about risks related to coronavirus disease 2019 (COVID-19) and the steps they are taking to prevent Americans and the financial system from being harmed... Read more »

Waters to Wells Fargo Board Members: Resignations Do Not Absolve You of Your Failures

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Holding Wells Fargo Accountable: Examining the Role of the Board of Directors in the Bank’s Egregious Pattern of Consumer Abuses.” As Prepared for Delivery Today, we receive testimony from Elizabeth Duke and James Quigley,... Read more »



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