Press Releases

Committee Releases Report on 2020 Activities

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report on the Committee’s work during the second session of the 116th Congress. During a time of crisis, the Committee worked tirelessly to provide relief and protections to individuals, families, and small businesses across the nation. “When the pandemic hit in 2020, the Committee did not s... Read more »

Waters Urges President-Elect Biden to Issue Presidential Memorandum to Suspend Midnight Rulemakings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to President-Elect Joseph R. Biden to urge that the Biden Administration issue a Presidential memorandum on January 20th to temporarily suspend any midnight regulations promulgated by the Trump Administration. The issuance of the Presidential memorandum would give the Biden Administrat... Read more »

Waters Slams Trump Administration’s Harmful, Rushed Actions to Limit Activities of GSEs, Bail Out Hedge Funds

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement in response to changes that Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency (FHFA) Director Mark Calabria made to Treasury’s ownership stake in the government sponsored enterprises, Fannie Mae and Freddie Mac. “It is simply unacceptable that Treasury... Read more »

Waters and 22 Committee Democrats Urge OCC to Withdraw Proposal to Force Banks to Serve Gun Manufacturers and Fossil Fuel Companies

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Tags: OCC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and 22 other Financial Services Committee Democratic Members sent a letter to Brian Brooks, Acting Comptroller of the Currency, urging him to withdraw an Office of the Comptroller of the Currency (OCC) Notice of Proposed Rulemaking (NPRM) that would increase systemic risks to the financial system an... Read more »

Waters and Brown to Mnuchin: Listen to Stakeholders, Halt Any Significant Changes to the Housing Finance System

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Mr. Steven Mnuchin, Secretary of the Treasury, urging him to listen to concerns from all stakeholders and halt any significant changes to our housing finance system durin... Read more »

Waters Releases Extended Statement for the Record on the Consolidated Appropriations Act, 2021: "More Relief Is Needed, But this Bill is a Step in the Right Direction”

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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. 133, the Consolidated Appropriations Act 2021. The statement provides guidance on the congressional intent behind the law, and serves to fill out the congressional record in the absence of Committee consideration of the legislation. “I am very pl... Read more »

Waters on COVID-19 Relief Bill: Much More Relief Needed, But Bill is an Important First Step

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following floor statement regarding the COVID-19 relief bill. Mister Speaker, the relief in this bill is desperately needed as families struggle during the pandemic crisis. The negotiations were difficult, they were tough and I wish we could have done even more but I’m pleased we have done ... Read more »

Waters Secures Emergency Rental Assistance and Support for CDFIs and MDIs in Bipartisan COVID-19 Relief Bill

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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 bipartisan COVID-19 relief bill. “After much negotiation, I am very pleased that I have been able to secure $25 billion in emergency rental assistance, a one-month extension of the eviction moratorium, and $12 billion in funding for community development fi... Read more »

Waters, Neal Joint Statement on Dangerous GOP Senate Provision in Coronavirus Negotiations 

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Today, House Committee on Financial Services Chairwoman Maxine Waters (D-CA) and Ways and Means Committee Chairman Richard E. Neal (D-MA) issued the following statement as Senate Republicans demanded the inclusion of a dangerous provision from Senator Pat Toomey (R-PA) in COVID-19 relief legislation that would hamstring the new Administration’s ability to recover from the economic crisis by elimin... Read more »

Waters Floor Statement on Urgent Need for Coronavirus Response Legislation

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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 on the urgent need to pass coronavirus response legislation. Mister Speaker, the COVID-19 pandemic crisis continues to have a terrible impact throughout the nation. Cases are surging, and thousands are dying from the virus every day. There has been ove... Read more »

Waters Applauds Nomination of Representative Marcia Fudge to Serve as Secretary of the Department of Housing and Urban Development

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement applauding President-Elect Joe Biden’s nomination of Representative Marcia Fudge (D-OH), to serve as Secretary of the Department of Housing and Urban Development. “In nominating Representative Marcia Fudge as Secretary of the Department of Housing and Urban Development... Read more »

Waters Statement on the National Defense Authorization Act for FY 21

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement regarding the inclusion of several Democratic financial services measures in the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she served as a conferee. Today, the House of Representatives approved the legislation... Read more »

Waters Provides Recommendations to President-Elect Biden on Trump Actions to Reverse

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to President-Elect Joseph R. Biden, providing recommendations on areas where the Biden Administration should immediately reverse the actions of the Trump Administration, and several actions that the Biden Administration can immediately take to coordinate the federal response to COVID-1... Read more »

Waters Demands Regulators Cease and Desist from Finalizing Midnight Rules Until President-Elect Biden Assumes Presidency

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, sent a letter to agencies within the Committee’s jurisdiction calling on them to cease and desist from finalizing any “midnight rulemakings” or other administrative actions until President-Elect Joseph R. Biden is sworn into office on January 20, 2021. “On November 3, 2020, the American people spoke with ... Read more »

Waters Urges Calabria to Halt Efforts to Release the GSEs from Conservatorship, Calls for Testimony Before Committee

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Tags: FHFA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), urging him to fully engage with Congress, halt all efforts to raise the capital requirements for Fannie Mae and Freddie Mac and halt all efforts to release them from conservatorship. The letter also requests that ... Read more »

Waters Statement on Inclusion of Key Democratic Financial Services Bills in FY 2021 NDAA

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the inclusion of several Democratic financial services measures in the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she served as a conferee. “As Chairwoman of the Financial Services Committee, I have made i... Read more »

Waters Statement on her Approval as Financial Services Committee Chairwoman for 117th Congress by the House Democratic Caucus

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Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, issued the following statement regarding her approval by the House Democratic Caucus to chair the House Committee on Financial Services for the 117th Congress. “I am deeply honored to have been approved by the House Democratic Caucus to again serve as Chairwoman of the House Financial Services Committee for the ... Read more »

Waters Calls Out Mnuchin for Prematurely Ending Essential Emergency Lending Programs

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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.” Today the Committee convenes to conduct oversight over the Treasury Department’s and Federal Reserve’s pandemic response. This pandemic continues to have a... Read more »

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, House Chairs Seek Accounting of Political Appointees Burrowing into Career Positions at Dozens of Agencies

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and other House Committee Chairs sent a letter to 61 federal agencies requesting information on conversions of political appointees to civil service positions during the Trump Administration. “Protecting the nonpartisan expertise of the career civil service is essential to the safety and security of... 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 »



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