Press Releases

Committee Majority Slams Carson’s Proposal to Gut the Fair Housing Act

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Committee Democrats wrote a letter to Ben Carson, Secretary of the Department of Housing and Urban Development, blasting the agency’s proposed changes to the disparate impact standard under the Fair Housing Act, which would make it harder for everyday Americans who find themselves victims of housin... Read more »

Chairwoman Waters Announces December Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the following updates to the Committee schedule for the month of December: December 4 at 10:00 AM – The full Committee will convene for a hearing entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions?” December ... Read more »

Waters Introduces Legislation to Invest in America’s Housing Infrastructure

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R.5187, the Housing is Infrastructure Act of 2019, a bill to provide the necessary funding to improve the nation’s housing infrastructure and create jobs across the country. “We are in the midst of a housing affordability crisis across the country, caused in part by the lack of affordable ... Read more »

Waters Statement at Subcommittee Hearing on Minority Depository Institutions

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a Subcommittee on Consumer Protection and Financial Institutions hearing entitled, “An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions.” As Prepared for Delivery Thank you, Chairman Meeks. Minority depository insti... Read more »

Waters Statement on Regulators’ Approval of the SunTrust/BB&T Merger

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement in response to the Federal Reserve and Federal Deposit Insurance Corporation’s (FDIC) approval of the merger between SunTrust and BB&T. “I have long voiced concerns about the threat that megabanks pose to consumers and our economy. In order to shed light on the potential im... Read more »

House Passes Bill to Increase Corporate Diversity

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Today, the U.S. House of Representatives passed H.R. 5084, the Improving Corporate Governance Through Diversity Act of 2019, a bill that requires public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity, and veteran status of their board of directors, nominees, and senior executive officers. This bill was introduced by Congressman Gregory Meeks (D-NY), Chairma... Read more »

Waters to Carson: Stop Whining and Start Working

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement regarding a letter from HUD Secretary Ben Carson: “Ben Carson is like a duck out of water and has been a complete failure at HUD. His basic philosophy is antithetical to his duties and HUD’s mission, and reports show he doesn’t spend much time at his job. HUD deserves a lea... Read more »

Waters Calls Out Harmful Practices of Some Private Equity Firms

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “America for Sale? An Examination of the Practices of Private Funds.” As Prepared for Delivery Today this Committee convenes for a hearing to examine the impact of private funds on businesses and workers. While there are so... Read more »

House Passes Waters’ Bill to Reauthorize Terrorism Risk Insurance Program

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Tags: TRIA

Today, the U.S. House of Representatives passed the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), a bill introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, that provides for a seven-year reauthorization of the Terrorism Risk Insurance Act (TRIA). The bill passed the House by a vote of 385-22. See below for Chairwoman ... Read more »

House Passes Five Financial Services Bills

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Tags: TRIA

Today, the U.S. House of Representatives passed five bipartisan financial services bills to reauthorize the Terrorism Risk Insurance Program, ensure disaster relief is distributed fairly, address homelessness and protect investors. The legislation passed by the House includes: The Reforming Disaster Recovery Act of 2019 (H.R. 3702), a bipartisan bill that would permanently authorize the Community ... Read more »

Waters, Tlaib and Pressley Blast HUD for Ignoring Low-Income Tenants Seeking to Save Their Homes

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Tags: HUD

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Rashida Tlaib (D-MI) and Congresswoman Ayanna Pressley (D-MA) wrote a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), to express concerns regarding the agency’s proposed National Standards for the Physical Inspection of Real Estate (NSPIRE) ... Read more »

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 »



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