Full Committee

Waters Opening Statement at Los Angeles Field Hearing to Examine the Homelessness Crisis

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full Committee field hearing entitled, “Examining the Homelessness Crisis in Los Angeles.” As Prepared for Delivery Good morning. Welcome to the Committee on Financial Services field hearing entitled, “Examining the Homelessness Crisis in Los Angeles.” ... Read more »

Waters Announces September 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 September: Wednesday, September 4 at 10:00 AM — The Subcommittee on Oversight and Investigations will convene a field hearing entitled, “Examining Discrimination and Other Barriers to Consumer Credit, Homeownership, and Financial Inclusion in Texas,... Read more »

Waters Announces August Field Hearings on Homelessness, Housing

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Committee field hearings in the month of August on housing and homelessness: Friday, August 2 at 12:00 PM EDT – The Subcommittee on Oversight and Investigations will convene a field hearing entitled, “An Examination of the Housing Crisis in Michigan, 11 Years after the Recession,” in Detroit,... Read more »

Waters on Proposed SunTrust and BB&T Merger: Many Questions Remain

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following opening statement at a full Committee hearing entitled, “The Next Megabank? Examining the Proposed Merger of SunTrust and BB&T.” As Prepared for Delivery Good morning. Today we are here for a hearing on the proposed merger between SunTrust and BB&T. Our witnesses today are BB... Read more »

Committee Members Ask Hard-Hitting Questions, Facebook Offers Very Few Answers

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Yesterday, at a hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System,” Committee Democrats asked David Marcus, Chief Executive Officer of Calibra, tough questions on Facebook’s proposed cryptocurrency and digital wallet. “Both sides of the aisle came well prepared to ask significant questions,” said Rep. Maxine Wa... Read more »

Waters to Facebook: Today’s Hearing is Only the First Step in Our Oversight and Legislative Process

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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 hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System.” As Prepared for Delivery Today we are here for a hearing on Facebook’s proposed digital currency, ... Read more »

Committee Passes 8 Bills to Protect Consumers and Investors

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Today, the House Financial Services Committee, held a markup of eight bills to benefit consumers and investors and strengthen disaster relief funding programs. See the Chairwoman’s opening statement here and the legislation below. H.R. 3621, the Student Borrower Credit Improvement Act, a bill that helps private student loan borrowers remove adverse information for certain defaulted or delinquent l... Read more »

Waters’ Opening Statement at Markup

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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 morning. Today this Committee will mark up eight bills, and I am pleased to say that several of the bills we will take up today have bipartisan support. I am also proud to say that so far this Congres... Read more »

Committee Passes Legislation to Reform the Credit Reporting System, Increase Diversity, and Strengthen Housing Protections

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Today, the House Financial Services Committee, held a markup of ten bills to reform the broken credit reporting system, increase diversity and inclusion efforts in the financial services sector, improve the homebuying process and preserve the affordability of rural housing. See the legislation below. H.R. 281, the Ensuring Diverse Leadership Act of 2019, a bill that would require the Federal Reser... Read more »

Waters Opening Statement at Markup

| Posted in Press Releases

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 morning. Today we will mark up a set of bills on a range of issues, including credit reporting, housing, diversity and inclusion, and investor protection. I have long said that our credit reporting sy... Read more »

Waters Asks Fed Chair: If You Got a Call From the President and He Said I’m Firing You, What Would You Do?

| Posted in Press Releases

Today, during the semiannual Humphrey-Hawkins hearing on monetary policy and the state of the economy, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, posed a question to Chairman Powell regarding what his response would be if President Trump called him and told him he was fired. See the exchange below. ### Read more »

Committee Democrats Call on Facebook to Halt Cryptocurrency Plans

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congresswoman Carolyn Maloney (D-NY), Chair of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee; Congressman William Lacy Clay (D-MO), Chairman of the Housing, Community Development and Insurance Subcommittee; Congressman Al Green (D-TX), Chairman of the Oversight and Investig... Read more »

Committee Passes Legislation to Protect Residents of HUD-Subsidized Housing from Carbon Monoxide

| Posted in Press Releases

Today, the House Financial Services Committee, held a markup of H.R. 1690, the Safe Housing for Families Act of 2019, legislation that protects residents of public housing from carbon monoxide poisoning. This legislation, introduced by Rep. Chuy Garcia (D-IL), would authorize $300 million over three years to fund the installation and maintenance of carbon monoxide detectors in Department of Housin... Read more »

Chairwoman Waters Announces July 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 July: Wednesday, July 10 at 10:00 AM — The full Committee will convene a hearing entitled, “Monetary Policy and the State of the Economy.” Wednesday, July 10 at 2:00 PM — The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets ... Read more »

Waters Convenes Hearing on Need For Diversity on Federal and Corporate Boards

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Today, at a full Committee hearing entitled, “Diversity in the Boardroom: Examining Proposals to Increase the Diversity of America’s Boards,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today, this Committee convenes for a hearing on the lack of racial, ethnic and gender diversity on fed... Read more »

Waters Opening Statement at Full Committee Markup

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement at a full Committee markup of eight bills to strengthen housing protections, crack down on illicit finance activities and reform the National Flood Insurance Program. As Prepared for Delivery Today, this Committee convenes for a markup of eight bills. The slate of l... Read more »

Chairwoman Waters Announces Updates to June Schedule

| Posted in Press Releases

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 June. Tuesday, June 11 at 10:00 AM – The Subcommittee on Oversight and Investigations will convene a hearing entitled, “An Examination of State Efforts to Oversee the $1.5 Trillion Student Loan Servicing Market.” Tuesday, June 1... Read more »

Waters and Beatty Continue Push for Diversity Data from Big Banks

| Posted in Press Releases

On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-OH), Chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, sent letters to 37 bank holding companies requesting their diversity and inclusion data and policies from 2015 to the present. The letters request data on diversity and incl... Read more »

Waters Opening Statement at Hearing on Reauthorization of the EXIM Bank

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Today, at a full Committee hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today this Committee convenes for a hearing to discuss the revival and long-term reauthorization of the Export-Import Bank (... Read more »

Committee Democrats Fact-Check Secretary Carson’s Committee Testimony

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This week, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Benjamin Carson entitled, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” Committee Democrats asked questions about many of the Secretary’s harmful actions at HUD that he repeatedly answered inaccurately. Read below for a list of the top 5 inaccurate... Read more »

Chairwoman Waters Announces June Hearings

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of June: Tuesday, June 4 at 10:00 AM – The full Committee will convene a hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank.” Tuesday, June 4 at 2:00 PM – The Subcommittee on Consumer Protection and Financial Ins... Read more »

Committee Passes Bills to Promote Innovation, Strengthen the Financial System and Protect Consumers, Small Businesses and Investors

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This week, the House Financial Services Committee, held a markup of five bills and two resolutions to promote responsible innovation through financial technology, crack down on money laundering and illicit finance, protect small businesses and investors, and uphold consumer protections. See the legislation below. HR 1988, the Protect Affordable Mortgages for Veterans Act of 2019, bipartisan legisl... Read more »

Waters Announces San Nicolas as Financial Services Committee Vice Chair

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Congressman Michael San Nicolas (D-GU) as Vice Chair of the Committee in the 116th Congress. San Nicolas was elected to serve as Vice Chair by Committee Democrats. “Congressman San Nicolas comes to the Committee with a wealth of experience and expertise in financial services,” said Chairwoman... Read more »

Mnuchin to Return on May 22 to Continue Testimony Before Committee

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the continuation of 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.” The Treasury Secretary will appear before the Committee on Wednesday... Read more »

Waters Announces Updates to April Committee Schedule and May Hearings

| Posted in Press Releases

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 »



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