Press Releases

Waters Floor Statement on the Passage of Legislation to Protect Investors and Hold Public Companies Accountable

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This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the House floor urging the passage of H.R. 1187 the Corporate Governance Improvement and Investor Protection Act. This bill provides key protections to investors by requiring that companies provide environmental, social, and governance information that can assist ...

Waters Slams Republican Efforts to Undermine Equal Credit Opportunities to LGBTQ Businesses

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the Republican efforts that prevented the passage of the LGBTQ Business Equal Credit Enforcement and Investment Act (H.R. 1443), a bill by Financial Services Committee Member Representative Ritchie Torres (D-NY) that would provide transparency and promote fair lending...

House Passes Three Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed three bipartisan bills introduced by House Financial Services Committee Members. The House passed the following bill by a vote of 406-21. To award four congressional gold medals to the United States Capitol Police and those who protected the U.S. Capitol on January 6, 2021 (H.R. 3325), a bill by House Speaker Nancy Pelosi (D-CA). The House passed...

Waters Opening Statement at Hearing on Community Development Block Grant Program: More Funding Is Needed

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the Subcommittee on Housing, Community Development and Insurance virtual hearing entitled, “Flexible Federal Funding: Examining the Community Development Block Grant Program and Its Impact on Addressing Local Challenges.” Thank you very much, Chairman Cleaver. I want ...

Waters Announces Digital Assets Working Group

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced at the first hearing held by the Task Force on Financial Technology that she has organized a Digital Assets Working Group of Democratic Members. “As cryptocurrencies, central bank digital currencies and other digital assets enter the mainstream, the Committee will look at how digital asset...

Waters Joins Vice President Kamala Harris on the Initial Release of Funds for Minority Banks and Community Based Lenders

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the White House, where she was joined by Vice President Kamala Harris, Treasury Secretary Janet Yellen, Senator Mark Warner (D-VA), and Opportunity Finance Network President and CEO Lisa Mensah, on the initial release of funds secured by Congresswoman Waters as part o...

Waters Opening Statement at Hearing on Central Bank Digital Currencies Announces Digital Assets Working Group of Democratic Members

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the Task Force for Financial Technology virtual hearing entitled, “Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and Financial Inclusion Implications of Central Bank Digital Currencies.” Thank you very much, Chair Lynch. Today’s heari...

Waters Applauds HUD’s Efforts to Restore Obama Era Mandate to Redress Housing Segregation and Inequitable Development

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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 (HUD) efforts to restore the Affirmatively Furthering Fair Housing Rule. “I am pleased that Secretary Fudge has begun to reverse the previous administration’s actions that gutted the Affirmatively Furthering F...

Waters at Hearing on Ending Homelessness: We Must Move Forward on Legislation to Make Housing Vouchers Universally Available

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following closing statement at a full Committee virtual hearing entitled, “Universal Vouchers: Ending Homelessness and Expanding Economic Opportunity in America.” Today’s hearing has highlighted the need to move forward urgently on legislation to make Housing Choice Vouchers universally ava...

Waters Announces June 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 June: June 9 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled, “Universal Vouchers: Ending Homelessness and Expanding Economic Opportunity in America.” June 15 at 10:00 AM ET: The Task Force on Financial Technology will ...

Waters at Hearing on Megabanks: I Have Made It a Priority to Ensure Rigorous Oversight Over Megabanks

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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, “Holding Megabanks Accountable: An Update on Banking Practices, Programs and Policies.” Good Afternoon. Today, this Committee convenes for a hearing entitled, “Holding Megabanks Accountable: An Update on Banking Practices, Pr...

Waters Opening Statement at Hearing on Consumer Credit Reporting

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the Subcommittee on Oversight and Investigations virtual hearing entitled, “Consumer Credit Reporting: Assessing Accuracy and Compliance.” Thank you very much, Mr. Green for holding this important hearing on credit reporting. In February 2019, one of the first hearing...

Waters Opening Statement at Hearing on SPACs, Direct Listings, and Public Offerings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets virtual hearing entitled, “Going Public: SPACs, Direct Listings, Public Offerings, and the Need for Investor Protections.” Thank you, Chair Sherman. Special purpose acquisition companies, known a...

Waters Announces Updates to May 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 May: May 24 at 12:00 PM ET: The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene for a virtual hearing entitled, “Going Public: SPACs, Direct Listings, Public Offerings, and the Need for In...

House Passes Seven Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed seven bipartisan House Financial Services Committee bills. The House passed the following bills along with other measures en bloc by a vote of 350-75: The Financial Inclusion in Banking Act (H.R. 1711), a bill by Representative David Scott (D-GA), which would direct the Consumer Financial Protection Bureau’s (CFPB) Office of Community Affairs to ...

Waters Opening Statement at Hearing on Oversight of Prudential Regulators

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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, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” Welcome, Chairman Harper and Acting Comptroller Hsu, and welcome back Chairman McWilliams and Vic...

Waters Announces Subcommittee Vice Chairs for 117th Congress

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the Financial Services Committee Vice Chairs for the 117th Congress. “I am excited to announce the Committee’s Subcommittee Vice Chairs for the 117th Congress,” said Chairwoman Waters. “Financial Services Committee Democrats are a diverse, talented, knowledgeable and effective group of lea...

Waters Opening Statement at Subcommittee Hearing on China’s Lending Practices

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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 National Security, International Development and Monetary Policy virtual hearing entitled, “Examining Belt and Road: The Lending Practices of the People’s Republic of China and Impact on the International Debt Architecture.” Thank you so very...

Waters Announces Auchincloss as Financial Services Committee Vice Chair

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Congressman Jake Auchincloss (D-MA) will serve as Vice Chair of the Committee in the 117th Congress. Representative Auchincloss was elected to serve as Vice Chair by Committee Democrats. “I am pleased to announce that Congressman Jake Auchincloss will serve as Vice Chair of the Financial Servic...

Waters Applauds Senate Action to Protect Consumers from Trump-Era Predatory Lending Practices

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Senate’s passage of S.J. Res 15, sponsored by Senator Chris Van Hollen (D-MD) and U.S. Senate Committee on Banking, Housing, and Urban Affairs Chairman Senator Sherrod Brown (D-OH), which would overturn the Office of the Comptroller of the Currency’s (OCC) so-...

Committee Passes Legislation to Help Combat Lending Discrimination, Support LGBTQ-Owned Businesses, and Hold Public Companies Accountable

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The House Committee on Financial Services passed six bills to help combat credit discrimination, ensure fair lending testing, support LGBTQ-owned businesses, improve language access in mortgage servicing, and hold public companies accountable for disclosing pay raise information, climate change risks, and total amounts paid in taxes to better inform investors. The bills passed by the Committee inc...

Waters Floor Statement on Her Comprehensive Debt Collection Reform Bill

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the House floor urging the passage of her bill H.R. 2547, The Comprehensive Debt Collection Improvement Act. The bill passed the House by a vote of 215-207. Madam Speaker, I rise in strong support of my legislation, H.R. 2547, the Comprehensive Debt Collection Improve...

Waters Opening Statement at May Full Committee Markup

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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 hybrid markup. Today, this Committee will mark up six bills. As Chairwoman of this Committee, I am very pleased to advance several strong legislative solutions that have been introduced by Committee Democrats. At this markup the Committee will...

Waters at Third Hearing on Ongoing Market Volatility: This Committee Is Focused on Ensuring Accountability for Wall Street

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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, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III.” Today, this Committee convenes for part three of our series of hearings focused on market volatility related to Game...

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...



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