Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings and a markup: Tuesday, April 30 at 10:00 AM – The full Committee will convene a hearing entitled, “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.” Tuesday, April 30 at 2:00 PM – The Subcommittee on Consumer Protection and Financia... Read more »
Yesterday, at a hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis,” Committee Democrats asked the Chief Executive Officers (CEOs) of seven of the nation’s largest financial institutions tough questions on behalf of hardworking consumers. Read below for 10 tough questions Committee Democrats asked the CEOs to answer... Read more »
Today, at a full Committee hearing with the CEOs of seven of the nation’s largest financial institutions, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, called for megabanks to craft a solution to help Americans saddled with student loan debt to achieve economic goals such as homeownership. “I’m going to ask you in all that you do to think about all that ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis.” Today, this Committee convenes for a hearing on the U.S. Global Systemically Important Banks (GSIBs). Before us today as wit... Read more »
Today, at a full Committee hearing with U.S. Department of the Treasury Secretary Steven Mnuchin entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: Today, this Committee convenes for a hearing to receiv... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a Subcommittee on Housing, Community Development and Insurance hearing entitled, “The Affordable Housing Crisis in Rural America: Assessing the Federal Response.” As Prepared for Delivery Thank you very much, Chairman Clay. I am very pleased that you are focusing on rura... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, convened a hearing entitled, “The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in Housing.” See the Chairwoman’s opening statement below. As Prepared for Delivery Good morning, everyone. Today, the Committee convenes for a hearing on the Fair Housing Act, to r... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to an announcement by Wells Fargo & Company that Tim Sloan would step down as CEO, President, and Board member, effective immediately. “I agree with Tim Sloan that it is best that he steps down. Tim Sloan has a 31-year history at Wells Fargo, and oversaw the... Read more »
This week, the House Financial Services Committee, held a markup of five bills to crack down on foreign corruption, uphold consumer protections, increase access to the financial system, protect retirement savers, and address the national homelessness crisis. See the legislation below. HR 389, Kleptocracy Asset Recovery Rewards Act, legislation that establishes a rewards program to incentivize indi... Read more »
Today, at a full Committee markup, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement. As Prepared for Delivery Today, this Committee convenes for a markup of five overdue bills. As I have said before, under my leadership, this Committee will be focused on fairness and policies to benefit consumers, investors, small busines... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R. 1856, the Ending Homelessness Act of 2019, legislation that provides a comprehensive plan to ensure that every person experiencing homelessness in America has a place to call home. “In the richest country in the world, it is simply unacceptable that we have people living in the streets,... Read more »
On February 22, the chairs of six committees in the U.S. House of Representatives wrote a letter to Attorney General William Barr to inform him of their expectation that he will make Special Counsel Robert Mueller’s report public “without delay.” Today, after the Department of Justice informed Congress that Special Counsel Mueller had submitted his final report to Attorney General Barr, House Comm... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of April. Tuesday, April 2 at 10:00 AM – The full Committee will convene a hearing entitled, “The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in Housing.” Tuesday, April 2 at 2:00 PM – The Subcommittee on Hou... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congresswoman Carolyn Maloney (D-NY), Chairwoman of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, issued the following ... Read more »
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 March: Tuesday, March 26 at 2:00 PM – The full Committee will convene a markup of the following bills: HR ___, the Ending Homelessness Act (Waters) HR 389, Kleptocracy Asset Recovery Rewards Act (Lynch/Budd) HR 1500, the Consume... Read more »
In recognition of Sunshine Week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, offered H. Res. 206, a resolution she introduced to shed light on money laundering and terrorism finance, on the House floor. The resolution was passed by a voice vote. See Chairwoman Waters’ floor statement below. As Prepared for Delivery Mr. Speaker, I rise in strong support... Read more »
Today, following the announcement that Wells Fargo President and CEO Timothy Sloan received $2 million in performance-based incentive pay for 2018, and total compensation of $18.4 million for the year, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement: “Given Wells Fargo’s continuing failures, it is outrageous and wholly inapp... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave a statement on the House floor in support of H. Con. Res. 24, a resolution which expresses the sense of Congress that the report of Special Counsel Robert Mueller should be made available to the public and to Congress. Chairwoman Waters is an original cosponsor of H. Con. Res. 24. See her floor st... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at a hearing entitled, “Preparing for the Storm: Reauthorization of the National Flood Insurance Program.” As Prepared for Delivery We are here today to discuss the future of the National Flood Insurance Program (NFIP), which is critical to ensuring access to flo... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R.974, the Federal Reserve Testimony Clarification Act, bipartisan legislation that clarifies who at the Board of Governors of the Federal Reserve System will testify before Congress on the status of the Federal Reserve’s supervisory efforts. As Prepared for Delivery Mr... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement in support of H.R. 1414, the FINCEN Improvement Act, bipartisan legislation to strengthen the Financial Crimes Enforcement Network (FINCEN) and address key gaps in the effort to fight financial crime. As Prepared for Delivery Mr. Speaker, the FinCEN Improvement Act is a bill... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act, bipartisan legislation that would provide law enforcement more access to the critical information it needs to combat terrorism and financial crimes, by giving a safe harbor for banks that keep customer a... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 1122, the Housing Choice Voucher Mobility Demonstration Act, bipartisan legislation to help improve services and flexibility for Americans who are receiving housing assistance. As Prepared for Delivery Mr. Speaker, rigorous studies have demonstrated that giving a low... Read more »
WASHINGTON, D.C. -Today, in response to the Trump Administration’s release of its budget request to Congress for Fiscal Year 2020, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “Trump has repeatedly shown that he has no interest in standing up for hardworking Americans and this proposal is just another example. This budget... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a hearing entitled, “Holding Megabanks Accountable: An Examination of Wells Fargo's Pattern of Consumer Abuses” with Timothy Sloan, President and Chief Executive Officer of Wells Fargo and Company. As Prepared for Delivery Today, we examine Wells Fargo’s egregiou... Read more »
