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... Read more »
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 ... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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 ... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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... Read more »
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 ... Read more »
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... Read more »
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... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the Biden Administration’s decision to extend the eviction and foreclosure moratoria until July 31, 2021 bringing much needed relief to renters and homeowners during a time of recovery. “Today, the Biden Administration announced an extension to July 31, 2021 of bo... Read more »
