Press Releases

House Republicans Block Emergency Legislation by Chairwoman Waters to Extend Federal Eviction Moratorium

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement following Republican objections to the Majority Leader’s unanimous consent request to take up her bill, H.R. 4791, the “Protecting Renters from Evictions Act of 2021,” which would extend the federal eviction moratorium through the end of the year. “The eviction moratorium ends tomo...

Committee Passes Legislation to Advance Investor Protections, Support Manufactured Housing Communities, and Promote De Novo Depository Institutions

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The House Financial Services Committee passed eleven bills to protect investors and reduce conflicts of interest born out of payment for order flow, support manufactured housing communities, fight for everyone’s right to vote, promote de novo depository institutions, and strengthen protections for the LIBOR transition. The following bills passed the Committee en bloc #1 by a vote of 28-23. Manufac...

Waters Introduces Legislation to Extend Federal Eviction Moratorium to Keep Families Housed

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement following the introduction of her legislation, the “Protecting Renters from Evictions Act, of 2021,” that would extend the eviction moratorium through the end of the year. “The current eviction moratorium expires in two days, on July 31, putting millions of people at great risk of ...

Waters Opening Statement at July 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. Since the start of the 117th Congress, this Committee has marked up 21 bills and has held five markups. Today, this Committee will mark up 11 more bills. As Chairwoman of this Committee, I am so very pleased to advance many stro...

Waters on NAHASDA Reauthorization: This Fight Is About Fairness and Equality

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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 hearing entitled, “NAHASDA Reauthorization: Addressing Historic Disinvestment and the Ongoing Plight of the Freedmen in Native American Communities.” Thank you, Chairman Cleaver, for convening this important hear...

Waters on Central Bank Digital Currencies: It Is Vital That Our Central Bank Has Powerful Tools to Achieve Its Mandate

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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 National Security, International Development and Monetary Policy hearing entitled, “The Promises and Perils of Central Bank Digital Currencies.” Thank you, Chairman Himes for hosting this hearing, part of a series that this Committee has been holding...

Chairwoman Waters Meets with Secretary Yellen, Discusses Implementation of Rental Assistance

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, met with Treasury Secretary Janet Yellen to discuss a variety of important issues including the implementation of emergency rental assistance. “This morning, I met with Secretary Yellen to discuss my priorities and the many ways in which we can work together to ensure that our country is on a path t...

Waters Applauds OCC, FDIC, and Federal Reserve Efforts to Undo Damage from Trump-Era Community Reinvestment Act Rule

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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 Office of the Comptroller of the Currency’s decision to rescind the 2020 Community Reinvestment Act rule and work with the Federal Deposit Insurance Corporation and the Federal Reserve to draft a new rule. “Civil rights laws like the Community Reinvestment Act...

Waters on Bond Rating Agencies: Investors Need Objective and Reliable Ratings More Than Ever

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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 hybrid hearing entitled, “Bond Rating Agencies: Examining the “Nationally Recognized” Statistical Rating Organizations.” Thank you, Mr. Sherman. In the lead up to the 2008 financial crisis, th...

Waters on Expanding Access to the Financial System: Having Access to a Bank Account Is Fundamental to Financial Security

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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 hybrid hearing entitled, “Banking the Unbanked: Exploring Private and Public Efforts to Expand Access to the Financial System.” Thank you, Chair Perlmutter. I am pleased that this hearing focuses on acce...

Waters Commends FHFA Reversal of Unnecessary Trump-Era Refinance Penalty on Homeowners

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Tags: FHFA

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the FHFA reversal of Trump-Era refinance penalty on homeowners. “I commend Federal Housing Finance Agency (FHFA) Acting Director Thompson for her prompt and steadfast leadership in reversing the adverse market fee on July 16th, which is estimated to save homeowner...

Waters at Hearing on Oversight of HUD: Key to Building Back Better, and More Equitably, Is Understanding That Housing Is Infrastructure

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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 hybrid hearing entitled, “Building Back A Better, More Equitable Housing Infrastructure for America: Oversight of the Department of Housing and Urban Development.” First of all, a happy good morning, Secretary Fudge. I am so delighted to have you with...

Waters Announces Introduction of Groundbreaking Legislative Housing Package

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on her legislative housing package. “Our nation is in the midst of a housing crisis, which has been decades in the making. Due to a consistent lack of investment in affordable housing under Democratic and Republican administrations, we now find ourselves at a crossro...

Waters Opening Statement at Hearing on Community Development Funding and Disaster Recovery

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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 Oversight and Investigations virtual hearing entitled, “CDBG Disaster Recovery: States, Cities, and Denials of Funding.” Thank you so very much, Chair Green. The disaster mitigation funding Congress has appropriated to Texas since 2018 was meant to f...

Waters Applauds President Biden’s Executive Order to Examine Bank Merger Practices, Urges Federal Reserve to Strengthen Merger Reviews

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on President Biden’s recent executive order encouraging the Department of Justice and prudential regulators to examine bank merger practices. “I am very pleased that President Biden took the important step of encouraging the Department of Justice and relevant regulat...

Waters at Hearing on the State of the Economy: The Fed Must Play a Central Role in This Economic Transformation

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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, “Monetary Policy and the State of the Economy.” First, I would like to welcome back, Chair Powell. We’re delighted to have you with us here today. Much has happened since the last time you testified on the Fed’s Monetary Poli...

Chairwoman Waters Secures Commitment from President Biden to Include Housing in Reconciliation

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after securing a commitment from President Biden that housing will be included in reconciliation. “As Chairwoman of the Financial Services Committee and a longtime advocate for ending homelessness and promoting fair, affordable, and accessible housing, my number one ...

Waters Calls on Corporate Landlords to Halt Harmful Eviction Practices and Help Stabilize Renters

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to the nation’s largest corporate landlords and top eviction filers during the pandemic urging them to work with tenants to inform them of their rights and connect them with emergency rental assistance. “Since the beginning of the pandemic, I have made it my top priority to ensure people acro...

Waters on Climate Change as a Systemic Risk: We Have Witnessed How Climate Change Can Disrupt Our 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 hybrid hearing entitled, “Addressing Climate as a Systemic Risk: The Need to Build Resilience within Our Banking and Financial Institutions.” Thank you, Chair Perlmutter. Over the past year, we have witn...

Waters Calls on Newsom and Garcetti to Continue to Reduce Barriers to COVID-19 Relief

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Governor of California Galvin Newsom and Mayor of Los Angeles Eric Garcetti urging them to reduce barriers to assistance to ensure that critical COVID-19 relief reaches Californians who continue to struggle during the pandemic. “As you know, even before the pandemic, homelessness was a...

Waters on Crypto, Financial Independence, and Early Retirement: We Have Begun a Thorough Examination of This Marketplace 

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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 Oversight and Investigations hybrid hearing entitled, “America on “FIRE”: Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” Thank you very much, Chair Green. Congress and regulators face many challenges as...

Waters at Hearing on Overhauling Credit Reporting System: We Need Big, Bold Legislative Solutions

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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 hybrid hearing entitled, “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity.” As the title of this hearing indicates, our current credit reporting system is broken. Good credit is a gateway to wealth. Yet, for...

Waters Announces July 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 July: July 14 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled, “Monetary Policy and the State of the Economy.” July 15 at 12:00 PM ET: The Subcommittee on Oversight and Investigations will convene for a virtual hearing ...

Waters Floor Statement on House Passage of Resolution to Eliminate Trump’s Predatory “True Lender” Rule

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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 Senate Joint Resolution 15, a resolution that invalidates the Trump Administration’s “True Lender” rule. The rule passed the House by a bipartisan vote of 218-208. Madam Speaker, I rise today in support of Senate Joint Resolut...

Waters Floor Statement on Legislation to Protect LGBTQ-Owned Businesses

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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. 1443 the LGBTQ Business Equal Credit Enforcement and Investment Act. This bill provides key protections to investors by requiring that financial institutions report on the sexual orientation and gender identity of applica...



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