Press Releases

House Passes Waters’ Bill to Preserve and Create American Jobs at Home

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Today, the U.S. House of Representatives passed H.R. 4863, The United States Export Finance Agency Act of 2019, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, to reauthorize and improve the Export-Import (EXIM) Bank which supports American workers, businesses and the economy. It was passed by a vote of 235-184. H.R. 4863, The Uni... Read more »

Committee Passes Legislation to Crack Down on Predatory Debt Collectors and Support Veterans and Servicemembers

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Tags: CFPB, HUD

Today, the House Financial Services Committee passed eight bills to help veterans experiencing homelessness, protect servicemembers from harassment by debt collectors, and prevent predatory debt collection practices to help consumers and small businesses. See the Chairwoman’s opening statement here and the legislation below. The Ending Debt Collection Harassment Act of 2019 (H.R. 5021), a bill by ... Read more »

Waters Floor Statement on Legislation to Reauthorize the Job-Creating EXIM Bank

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following floor statement on H.R. 4863, the United States Export Finance Agency Act of 2019, a bill she introduced to reauthorize and improve the Export-Import (EXIM) Bank, which supports American workers, businesses and the economy. As Prepared for Delivery Mr. Chairman, I rise in strong... Read more »

Waters Statement at Subcommittee Hearing on Multilateral Development Institutions

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Today at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement: As Prepared for Delivery In 1993 and 1994, I sat on the international subcommitte... Read more »

Waters Opening Statement at Committee Markup of Bills to Protect Servicemembers and Prevent Predatory Debt Collection Practices

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup of bills to help veterans experiencing homelessness, protect servicemembers from harassment by debt collectors, and crack down on predatory debt collection practices to help consumers and small businesses As Prepared for Delivery Good morn... Read more »

Waters and Brown Statement on SEC Proposals to Curtail Shareholder Rights

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Tags: SEC

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement on the SEC’s proposed rules entitled, “Amendments to Exemptions from the Proxy Rules for Proxy Voting Advice” and “Procedural Requirements and Resubmission Thresh... Read more »

Waters Announces November Hearings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of November: November 13 at 10:00 AM: The Subcommittee on National Security, International Development, and Monetary Policy will convene for a hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions.” Novemb... Read more »

Committee Passes Legislation to Increase Regulator Accountability and Protect American Workers and Businesses

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Today, the House Financial Services Committee passed four bills to hold regulators accountable and reauthorize the Terrorism Risk Insurance Program and the Export-Import Bank. See the Chairwoman’s opening statement here and the legislation below. The United States Export Finance Agency Act (H.R. 4863), a bill by Representative Maxine Waters (D-CA), Chairwoman of the House Financial Services Commit... Read more »

Waters’ Opening Statement at Markup of Legislation to Hold Regulators Accountable and Support American Workers and Small Businesses

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full committee markup: As Prepared for Delivery Good afternoon. At today’s markup we will consider four bills, as well as approving subcommittee assignments for Republican members. At the beginning of this Congress, I made clear that I would be looking ... Read more »

House Passes Five Financial Services Bills

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Today, the U.S. House of Representatives passed five financial services bills, including bills to: close loopholes in and ensure better enforcement of this country’s anti-money laundering and Bank Secrecy Act laws, protect investors and help startups finance their operations, require the Consumer Bureau to conduct research on the challenges of unbanked and underbanked consumers, and require the Tr... Read more »

Waters to Trump: Your Shamelessness Knows No Bounds

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Donald J. Trump, President of the United States, taking him to task for his harmful homelessness proposals. “From day one of your presidency, you have attacked our democracy and now you have set your ire on the 550,000 Americans who on any given night experience homelessness,” the Chai... Read more »

Waters to Zuckerberg: You Have Opened Up a Discussion About Whether Facebook Should Be Broken Up

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee hearing with Mark Zuckerberg, Chairman and CEO of Facebook, entitled, “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” As Prepared for Delivery Today we are here to examine the impact of Facebook on the f... Read more »

House Passes Bipartisan Financial Services Bill to Crack Down on Shell Companies and Fight Money Laundering and Terrorist Finance

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Today, the U.S. House of Representatives passed H.R. 2513, The Corporate Transparency Act of 2019, bipartisan legislation introduced by Congresswoman Carolyn Maloney (D-NY), Chair of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and Congressman Peter King (R-NY). It was passed by a vote of 249-173. H.R. 2513 would close significant loopholes that are commonly abus... Read more »

Waters Slams Trump’s Record on Housing, Outlines Long-Standing Democratic Housing Finance Reform Principles at Hearing with Mnuchin, Carson and Calabria

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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, “The End of Affordable Housing? A Review of the Trump Administration’s Plans to Change Housing Finance in America.” As Prepared for Delivery Today we are here to discuss the impact of the Trump Administration’s housing finance reform pl... Read more »

Waters and Brown Blast Regulators for Allowing More Risky Trading

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to heads of the Federal Reserve, Office of the Comptroller of the Currency (OCC), Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), and Commodity Fu... Read more »

House Passes Financial Services Bill to Protect Investors and American Jobs

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Today, the U.S. House of Representatives passed H.R. 3624, the Outsourcing Accountability Act of 2019, legislation that would hold public companies accountable for protecting American jobs by requiring them to annually disclose the total number of workers they employ in each state and foreign country, as well as the percentage change from the previous year. According to the Economic Policy Instit... Read more »

House Passes Financial Services Bill to Help Investors Make Better Financial Decisions

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Today, the U.S. House of Representatives passed H.R. 1815, the SEC Disclosure Effectiveness Testing Act, a bill to require the Securities and Exchange Commission (SEC) to test any new disclosure intended for retail investors under the SEC’s proposed regulation best interest. It would also require the SEC to review and test its existing disclosures for retail investors, such as trading confirmation... Read more »

Waters Announces Plans for Long-Term, Bipartisan TRIA Reauthorization

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Tags: TRIA

Today, at a press conference to discuss the reauthorization of the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening remarks. As Prepared for Delivery I am very pleased to be here with my colleagues to discuss the reauthorization of the Terrorism Risk Insurance Act (TRIA) The Terrorism Risk I... Read more »

Waters to Kraninger: You Are Undermining Protections for Consumers

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Today, at a hearing entitled “Who Is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau,” Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, gave the following opening statement: Good morning. Today, we are here to receive the semi-annual report of the Consumer Financial Protection Bureau and hear testimony from its Direc... Read more »

Committee Staff Report Documents Trump-Appointees' Efforts to Leave Consumers High and Dry

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Tags: CFPB

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, released a Majority staff report entitled, “Settling for Nothing: How Kraninger’s CFPB Leaves Consumers High and Dry.” According to the report, Trump-appointed leadership, including Director Kathleen Kraninger, have failed consumers by undermining the Consumer Financial Protection Bureau’s (Consumer Burea... Read more »

Facebook CEO to Testify Before Financial Services Committee

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced that Facebook Chairman and CEO Mark Zuckerberg will testify before the Committee at an October 23 hearing. Zuckerberg will be the sole witness at the hearing, which is entitled, “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” In July, Chairwoman Wate... Read more »

Waters Announces Updates to October Hearing Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of October: Wednesday, October 16 at 10:00 AM: The full Committee will convene a hearing entitled, “Who Is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Wednesday, October 16 at 2:00 PM: The Subcommittee ... Read more »

Waters Announces October Hearings

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of October: Wednesday, October 16 at 10:00 AM: The full Committee will convene a hearing entitled, “Who is Standing Up for Consumers? A Semi-Annual Review of the Consumer Financial Protection Bureau.” Wednesday, October 16 at 2:00 PM: The Subcommittee ... Read more »

Waters and Brown Call on Appraisal Subcommittee to Provide Answers on Unprecedented Appraisal Waiver

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to the Appraisal Subcommittee (ASC) Chairman Arthur Lindo requesting answers about ASC’s decision to grant a waiver of appraiser certification and licensing to the state of North Dakota.... Read more »

Waters Applauds House Passage of the SAFE Banking Act

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Today, the U.S. House of Representatives passed H.R. 1595, the SAFE Banking Act, legislation sponsored by Congressmen Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH), Members of the House Financial Services Committee, to make reforms that will ensure that state-authorized and regulated Cannabis businesses are not forced to operate with cash only. The legisl... Read more »



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