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Waters Announces September 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 September: POSTPONED -Thursday, September 8 at 12 p.m. ET: The Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a virtual hearing entitled, “Accounting Standards in the 21st Century.” …

Chairwoman Waters’ House Floor Speech on the Inflation Reduction Act: “There Is Not One Nickel, Not One Dime, Not One Dollar, for the Development of Housing in This Bill”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor speech on the Inflation Reduction Act: I rise in recognition of the very long and difficult negotiations that have taken place following the Build Back Better Act led by President Biden and the Democrats. I applaud the beneficiaries of the reconciliation…

Chairwoman Waters Vows to Hold Equifax Accountable for Repeatedly Harming Consumers

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Following recent news that Equifax sent lenders inaccurate credit scores on millions of consumers, potentially resulting in consumer harm, such as being charged higher interest rates or wrongly having their credit applications denied, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Equifax and a letter to the CEOs of the nation’s…

Chairwoman Waters and 76 House Democrats Urge Regulators to Strengthen Community Reinvestment Act Rules, End Redlining

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, led a letter with 76 Democratic Members of the U.S. House of Representatives to the leaders of the Board of Governors of the Federal Reserve System (Fed), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC). The letter urges the regulators to consider…

Chairwoman Waters, Representatives Beatty, Green, Foster and Lynch Send Letter to Digital Assets Industry Requesting Diversity and Inclusion Data

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congresswoman Joyce Beatty (D-OH), Chair of the Subcommittee on Diversity and Inclusion, Congressman Al Green (D-TX), Chairman of the Subcommittee on Oversight and Investigations, Congressman Bill Foster (D-IL), Chairman of the Task Force on Artificial Intelligence and Congressman Stephen Lynch…

Chairwoman Waters Calls for Study on Seniors Experiencing Homelessness with Focus on Racial Disparities

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Tags: GAO

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Government Accountability Office (GAO) requesting that the agency conduct a review of the risks that seniors experiencing housing insecurity face and the federal programs that exist to prevent homelessness among this population. The request also urges the agency to identify…

House Passes Wildfire Package that Includes Waters’ Legislation to Study Impact of Wildfires, Protect Homeowners

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Tags: GAO

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the House passage of “The Wildfire Response and Drought Resiliency Act,” which included her bill, H.R. 8483, “The Wildfire Insurance Coverage Study Act of 2022.” H.R. 8483 requires the Federal Emergency Management Agency (FEMA) and the Government Accountability Office (GAO) to…

Chairwoman Waters Testifies Before Senate on Need to Uphold Equal Citizenship Rights of Descendants of Freedmen: “We Must Honor Our Word as a Nation”

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, testified before the Senate Committee on Indian Affairs to call attention to the ongoing plight of Black Native American Freedmen and the violation of their rights to tribal citizenship promised through 1866 treaties with the Cherokee, Creek, Chickasaw, Choctaw, and Seminole Nations. Chairwoman…

Committee on Financial Services Passes Eight Bills to Address Urgent Housing Needs, Protect Consumers, Eliminate Red Tape

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Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to strengthen oversight of our nation’s affordable housing and address the housing and homeless crises, put consumers in the driver’s seat to shape their financial futures and simplify bureaucratic processes to improve communities, here and around the world: H.R. 6889, the…

Chairwoman Maxine Waters’ Statement on Status of Stablecoin Legislation

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the status of ongoing negotiations on the bipartisan stablecoin legislation: I want to thank the Ranking Member and his staff for working with me, my staff, Treasury, and key regulators on legislation that would better regulate stablecoins and require…

Waters’ Opening Statement at July Markup

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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 markup. Today, this Committee comes together for a markup of nine bills. These bills exemplify the hard work that each one of our members have dedicated to addressing urgent housing needs, protecting consumers, and taking other steps to…

Waters Announces Financial Services Suspension Victories

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee members successfully secured during this week’s House vote on suspensions: H.R. 7734, the “Timely Delivery of Bank Secrecy Act Reports Act” is a bill offered by Chairwoman Maxine Waters (D-CA) that preserves Congress’ ability to conduct…

Waters Delivers Opening Statement at Full Committee Hearing Overseeing the Federal Housing Finance Agency

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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, “Housing in America: Oversight of the Federal Housing Finance Agency.” First, I’d like to extend my congratulations to Director Sandra Thompson, who has dedicated her career to promoting access to mortgage credit…

Waters Advocates for Additional Distribution of Emergency Housing Vouchers

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released this statement following news that the 70,000 Emergency Housing Vouchers she secured in the American Rescue Plan have been distributed: “I am pleased to hear that many families in need or at risk of homelessness or fleeing domestic violence have been able to access the support…

Waters Delivers Opening Statement at Subcommittee Hearing Examining How Mass Shootings Harm Communities, Local Economies, and Economic Growth

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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 hearing entitled, “Thoughts and Prayers Are Not Enough: How Mass Shootings Harm Communities, Local Economies, and Economic Growth.”   Thank you very much, Chairman Green. To Mayor Brown and all of the…

Waters Delivers Opening Statement at Subcommittee Hearing Overseeing SEC’s Division of Enforcement

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Tags: SEC

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 hearing entitled, “Oversight of the SEC’s Division of Enforcement.”   Thank you, Chair Sherman, for holding this important hearing. Between last year’s “meme stock”…

Waters Announces Committee Victories in 2023 National Defense and Authorization Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee successfully secured in the Fiscal Year 2023 National Defense Authorization Act (NDAA) — foundational legislation that supports our nation’s defense and national security. The law includes several priorities of Democratic Members of the Financial…

Waters Opening Statement at Subcommittee Hearing Examining the Proposal to Modernize the Community Reinvestment Act 

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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 hearing entitled, “Better Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act.” Thank you, Chair Perlmutter, for holding this hearing on the regulatory…

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:   Wednesday, July 13 at 10 AM ET: The Subcommittee on Consumer Protection and Financial Institutions will convene for a hybrid hearing entitled, “Better Together: Examining the Unified Proposed Rule to Modernize the…

Waters at Financial Technology Task Force Hearing: “We Can All Benefit from Promoting Diversity in Future Fintech Industry Leaders”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Task Force on Financial Technology hearing entitled, “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs.” Thank you so very much, Mr. Lynch. You know, Chair Lynch, this is a most important meeting that we’re…

Waters at Full Committee Hearing on the Long-Term Impacts of the Hot Housing Market: “Congress Must Pass This Committee’s Housing Title of the Build Back Better Act”

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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, “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.” As we celebrate National Homeownership Month, we must recognize that homeownership is the primary driver of wealth for most…

Chairwoman Waters Requests Timeline for Implementation of PAVE Task Force Administrative Appraisal Reforms

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the Property Appraisal and Valuation Equity (PAVE) Task Force asking that the Task Force move quickly to implement its planned administrative actions and provide the Committee with a clear timeline for implementation of each action.  “The Task Force’s Action Plan is…

Chairwoman Waters Calls on Regulators to Hold Wells Fargo Accountable for Continued Troubling Patterns and Practices of Anti-Consumer Behavior

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to regulators last week, urging them to investigate recent allegations that Wells Fargo denied Black refinancing applicants when interest rates were at their lowest and hosted “mock” interviews with diverse candidates to pad diversity…

Waters Questions Aggressive Rent Hikes, Costly Fees at Hearing on Private Equity and the Single Family Rental Home Market

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The House Committee on Financial Services, led by Chairwoman Maxine Waters (D-CA), convened for a Subcommittee on Oversight and Investigations hearing yesterday entitled, “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods.” In October 2021, the Committee sent a longitudinal survey to five of the nation's largest single-family rental…

Waters Denounces Supreme Court Decision to Overturn Roe v. Wade and Deprive Women of Economic Security

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, a long champion of women’s rights and equality, released a statement on the Supreme Court’s decision to overturn Roe vs. Wade. “Today is a sad and enraging day in our country. The Supreme Court has overturned Roe v. Wade, which has been the law of the land for decades and provided women,…

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