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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, ...

Waters Delivers Opening Statement at Full Committee Hearing on Oversight of the Treasury Department’s and the Federal Reserve’s Pandemic Response

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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, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Welcome back, Secretary Yellen and Chair Powell. As this pandemic continues, the Biden Administration and Congressional Democrats remain hard at work t...

Waters and Foster Urge Regulators to Ensure Algorithmic Bias Does Not Occur in Emerging Technology

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee and Congressman Bill Foster (D-IL), Chair of the Task Force on Artificial Intelligence, sent a letter to Jerome Powell, Chairman of the Federal Reserve System; Todd Harper, Chairman of the National Credit Union Administration; Rohit Chopra, Director of the Consumer Financial Protection Bureau; Jelena Mc...

Waters Announces December 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 December: December 1 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “Oversight of the Treasury Department's and Federal Reserve's Pandemic Response.” December 7 at 10:00 AM ET: The Subcommittee on Oversight and Investi...

Waters on House Passage of the Build Back Better Act: We did it!

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, applauds the House passage of H.R. 5376, the Build Back Better Act, a historic piece of legislation that will provide unprecedented and long overdue investments in our nation’s housing infrastructure. “After decades of disinvestment in our nation’s affordable housing programs, years of insisting tha...

Waters Delivers Floor Speech Supporting Historic Housing Investments and Passage of the Build Back Better Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor speech supporting historic housing investments and urging passage of the Build Back Better Act: Thank you very much, and I thank Chairman Yarmuth for his hard work. Madam Speaker, I rise in support of the Build Back Better Act, which will make historic investments acro...

Committee Passes Legislation to Protect Retail Investors from Predatory Practices and Promote Fair Hiring Opportunities

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Tags: Markup

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed six bills to protect investors, ensure fair employment opportunities for justice-involved individuals, and reform credit union governance, as working families across this country struggle to rebuild their savings after the pandemic. H.R. 5911, the Fair Hiring in Banking Act is a bill introduced by Represe...

Waters Opening Statement at November Full Committee Markup

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Tags: Markup

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee markup. Today, this Committee will mark up six bills, half of which have bipartisan support. After the stress the pandemic has placed on our economy, Democrats are responding with legislative solutions and working across the aisle to provide a...

Waters Calls on President Biden and Directors to Consider Diverse, Transformative Leaders for Federal Reserve Vacancies

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement regarding President Biden’s imminent decision to name top leadership positions at the Federal Reserve: “President Biden is expected to announce his nominees soon for Federal Reserve Chair and other key leadership roles on the Board of Governors. Taken together with this...

Waters on Eliminating Economic Barriers for the LGBTQ+ Community: The Fight for LGBTQ+ Rights Is Far from Over

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Diversity and Inclusion hearing entitled, “There Is No Pride in Prejudice: Eliminating Barriers to Full Economic Inclusion for the LGBTQ+ Community.” Thank you so very much for holding this important hearing, Chair Beatty. The fight for LGBTQ+ rights...

Waters, Brown, Maloney Urge Treasury to Take Swift Action to Implement Law Cracking Down on Anonymous Shell Companies

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Today, Rep. Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Sen. Sherrod Brown (D-OH), Chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Rep. Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, wrote a letter to Treasury Secretary Janet Yellen urging the Treasury Department to move swiftly on implementing th...

Waters Applauds Change to SEC Staff Action on Shareholder Proposals

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on the U.S. Securities and Exchange Commission’s (SEC) reversal of some of President Trump’s actions to weaken shareholders’ ability to engage with companies. “The benefits of shareholder proposals—to long-term investors, retirees, and working-families, and the societie...

Waters Opening Statement at Hearing on Fighting Cybersecurity Threats in the Financial 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 Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “Cyber Threats, Consumer Data, and the Financial System.” Thank you very much, Chair Perlmutter, for holding this important hearing on cybersecurity. Financial institutions have long be...

Waters Opening Statement at Semi-Annual Oversight Hearing of the Consumer Financial Protection Bureau

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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 hearing entitled, “Bringing Consumer Protection Back: A Semi-Annual Review of the Consumer Financial Protection Bureau.” Good Morning. Today, we welcome Mr. Rohit Chopra the newly confirmed Director of the Consumer Financial Protection Bureau (CFPB) b...

Waters Announces November 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 November: November 2 at 10:00 AM ET: The Task Force on Financial Technology will convene for a hybrid hearing entitled, “Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow Products.” November 3 at 1...

Waters on Protecting Investors and U.S. Capital Markets: Our Markets Work Because Participants Have to Play by the Rules

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “Taking Stock of ‘China, Inc.’: Examining Risks to Investors and the U.S. Posed by Foreign Issuers in U.S. Markets.” Thank you, Chair Sherman. I am very pleased that you are ...

House Passes Four Bipartisan Financial Services Bills

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Today, the U.S. House of Representatives passed four bipartisan bills introduced by House Financial Services Committee Members. The Sovereign Debt Contract Capacity Act (H.R. 4111), a bill by Chairwoman Maxine Waters (D-CA). This bill requires the Secretary of the Treasury to direct the United States Executive Director at the International Monetary Fund to advocate that the Fund provide technical ...

Waters on Prioritizing Robust Housing Investments in the Build Back Better Act: Housing Isn’t a “Nice-to-Have,” It Is Foundational

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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 hearing entitled, “A Strong Foundation: How Investing is the Key to Building Back a Better America.” Right now, choices are being made about what investments will be cut back or cut out of the Build Back Better Act. Last month, this Committee passed h...

Waters Fights for Inclusion of Robust Housing Investments in Build Back Better Act Alongside Affordable Housing Advocates and Groups

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, attended several press conferences across Capitol Hill yesterday alongside numerous housing advocacy groups to explain why America cannot build back better without investing in our crumbling housing infrastructure and to remind the White House and her fellow colleagues in Congress how foundational housing is...

Waters Announces Updates to October Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the hearing schedule for the month of October: POSTPONED: October 20 at 10:00 AM ET: The full Committee will convene for a hybrid hearing entitled, “The State of the International Financial System and U.S. Participation in the International Financial Institutions.”...

Waters on Zoning Reform: We Must Ensure Every Family in America Has Access to the Communities of Their Choice

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Housing, Community Development and Insurance virtual hearing entitled, “Zoned Out: Examining the Impact of Exclusionary Zoning on People, Resources, and Opportunity.” Thank you very much, Mr. Chairman for holding this hearing. It’s very important. In...

Waters Announces Updates to October Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following updates to the hearing schedule for the month of October: NEW DATE: October 15 at 12:00 PM ET: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing entitled, “Zoned Out: Examining the Impact of Exclusionary Zoning on People, Reso...

Waters and All Financial Services Committee Democrats Call on President Biden, House Speaker Pelosi, and Senate Leader Schumer to Fund Housing in Reconciliation

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter calling on President Joseph R. Biden, House Speaker Nancy Pelosi, and Senate Majority Leader Charles Schumer to include the Committee-passed housing provisions in the Build Back Better Act. The letter was signed by every Democratic Member of the House Financial Services Committee. “As we ...

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