Press Releases

Waters: Financial Services Committee Democrats Will Keep Working Until COVID-19 Relief is Passed

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the need for Congress to pass additional COVID-19 relief legislation: “Today, at our regularly scheduled caucus meeting of Financial Services Committee Democrats, Members expressed grave concerns about the COVID-19 pandemic and the need for the passage of bipar... Read more »

Waters Applauds Selection of Yellen as Treasury Secretary Nominee

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, applauded President-elect Biden’s historic announcement that he will nominate Janet Yellen to serve as Secretary of the U.S. Department of the Treasury. “Janet Yellen will make an exceptional Treasury Secretary who I know will work diligently to tackle this pandemic crisis and ensure that individual... Read more »

Waters Announces December Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following hearing schedule for the month of December: December 2 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.” All hearings are livestreamed on https://financialservices.h... Read more »

Waters Calls on GSA Administrator to Ascertain Biden as President-Elect; Initiate Presidential Transition Process

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to General Services Administration (GSA) Administrator Emily Murphy requesting that she immediately ascertain Joe Biden as the president-elect and initiate the transition process with the Biden transition team. “I request that you immediately ascertain Joe Biden as the president-elect ... Read more »

Waters Blasts the Trump Administration’s Move to Shut Down Key CARES Act Facilities Put in Place to Support Economy During the Pandemic

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services Committee, blasted the Trump Administration for the announcement that it is attempting to shut down key emergency lending programs created by the CARES Act to support the economy during the COVID-19 pandemic: “It is clear that Trump and Mnuchin are willing to spitefully destroy the economy and make i... Read more »

Waters Secures Inclusion of Provisions on Beneficial Ownership, Preventing Money Laundering and Combatting International Corruption in FY 2021 NDAA

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she has been appointed a conferee. “I am very pleased to serve as a conferee for H.R. 6395, the William (Mac) Thornberry National Defense Authorization Act (N... Read more »

Waters Warns That Small Businesses May Permanently Close Due to COVID-19 if Action Is Not Taken Soon

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a Subcommittee on Housing, Community Development, and Insurance virtual hearing entitled, “Insuring against a Pandemic: Challenges and Solutions for Policyholders and Insurers.” “Thank you very much Chairman Clay. When the COVID-19 pandemic hit in March, small businesses... Read more »

Waters Statement on Proposed Acquisition of BBVA USA by PNC

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement on the news that PNC Financial Services Group, Inc. (“PNC”) plans to acquire BBVA USA Bancshares. “The proposed acquisition of BBVA USA Bancshares by PNC would create the fifth largest bank in the United States. For far too long, regulators and the Department of Justice ... Read more »

Waters to Regulators: President-Elect Biden Has a Mandate to Protect Consumers and End Trump's Wall Street First Agenda

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following statement at a full Committee hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions during the Pandemic.” On November 3, America decisively rejected President Trump, his harmful policies, and his... Read more »

Chairwoman Waters Announces November Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of November: November 12 at 12:00 PM ET – The full Committee will convene for a virtual hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions during the Pan... Read more »

Waters Blasts Senate Republicans’ Vote to Abet Redlining By Blocking Resolution Reversing Harmful Community Reinvestment Act Rule

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after H.J. Res 90, a Congressional Review Act resolution introduced by Chairwoman Waters and Congressman Gregory Meeks (D-NY), Chair of the Subcommittee on Consumer Protection and Financial Institutions, to reverse the harmful Community Reinvestment Act rule finalized ... Read more »

Waters Statement on Trump Administration’s Latest Weak COVID-19 Relief Proposal

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Tags: COVID-19

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on the Trump Administration’s inadequate COVID-19 relief proposal: “The Trump Administration’s coronavirus relief proposal fails America’s most vulnerable working families, who are losing their lives and livelihoods to this devastating pandemic. After five months of inaction a... Read more »

Committee Democrats’ Legislation Included in Updated House COVID-19 Package

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement during floor debate on the updated Heroes Act: “Democrats have been working every single day to respond to this pandemic and provide much-needed relief and protections for families across the country,” said Chairwoman Waters. “139 days ago, House Democrats voted to pass the Her... Read more »

Waters Urges SEC to Rescind Proposed Amendments that Reduce Capital Market Transparency

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Securities and Exchange Commission (SEC) Chairman Jay Clayton, urging the SEC to rescind harmful proposed amendments to rule 13-F and rule 13f-1 of the of the Securities and Exchange Act which would reduce transparency in capital markets. “I have encouraged the Securities and Exchange ... Read more »

Waters, Leahy Call on GAO to Review Sustainability of World Bank’s International Development Association’s New Financing Model

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Patrick Leahy (D-VT), Vice Chairman of the Senate Committee on Appropriations, sent a letter to the Government Accountability Office (GAO) requesting it analyze the International Development Association’s financing model, financial viability, and risk management. “To assist the Congress in carryin... Read more »

Waters Floor Statement on Updated Heroes Act: "It’s Time for Republicans to Stop Blocking Coronavirus Relief and Support This Legislation.”

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement in support of the updated Heroes Act: Mr. Speaker, I rise in strong support of the House Amendment to H.R. 925, the updated version of the Heroes Act. Mr. Speaker, Democrats have been working every single day to respond to this pandemic and provide much-needed relief ... Read more »

Waters Slams Trump Administration for Using Pandemic Funding Allocated for PPE for Defense Spending

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement regarding reports that the Trump Administration -used funding allocated by Congress for the pandemic response for unrelated defense purposes: “The Trump Administration has failed to use the funding provided by Congress to produce medical equipment and supplies to protect th... Read more »

Waters Floor Statement in Support of Uyghur Forced Labor Disclosure Act: “We Must All Stand up Against the Unjust and Inhumane Treatment of the Uyghurs and Push China to End This Brutality Once and for All.”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following floor statement in support of the Uyghur Forced Labor Disclosure Act of 2020, introduced by Representative Jennifer Wexton (D-VA), which passed on a bipartisan vote of 253-163. I rise in strong support of H.R. 6270, the Uyghur Forced Labor Disclosure Act of 2020, important legisla... Read more »

Waters Calls on Trump Administration to Rescind Rule that Makes It Harder to Prove Discrimination in Housing

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement after Ben Carson, Secretary of the Department of Housing and Urban Development announced the department’s final rule on the disparate impact standard under the Fair Housing Act. “The Trump Administration has been relentless in its attacks on the Fair Housing Act, a law... Read more »

Waters Blasts Wells Fargo CEO’s Remarks on Recruiting Diverse Executives

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding Wells Fargo CEO Charles Scharf’s remarks on the recruitment of Black executives. "Charlie Scharf’s comments—spoken to Wells Fargo employees in June and then later memorialized in a memo to them—are sadly familiar to Black people who work in the financial service... Read more »

House Passes Ten Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed ten financial services bills, including legislation to support diversity in community banking, protect investors and consumer from pandemic-related fraud, combat trafficking, and promote more flexible CARES Act funding. The bills passed include: The Ensuring Diversity in Community Banking Act (H.R. 5322) a bill by Representative Gregory Meeks (D-... Read more »

Waters at Oversight Hearing on Pandemic Response: The Trump Administration Has Utterly Failed in Its Economic Response to This Virus

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” Welcome back, Chair Powell and Secretary Mnuchin. Since you last testified before this Committee in June, the coronavirus crisis has continued to have a c... Read more »

Chairwoman Waters Announces Update to September Hearing 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 hearing schedule for the month of September: POSTPONED – The Subcommittee on National Security, International Development, and Monetary Policy hybrid hearing entitled, “An Examination of the Administration’s Implementation of Statutory Reforms to the Committee o... Read more »

Waters Statement on the Federal Housing Finance Agency’s Inadequate Response to the COVID-19 Pandemic

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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, “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic.” Today, this Committee convenes for a hearing to conduct oversigh... Read more »

Waters, Maloney, and Beatty Statement on Release of GAO Report They Requested Examining Diversity and Inclusion at Fannie Mae and Freddie Mac

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the following statements on a new Government Accountability Office (GA... Read more »



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