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Waters Encourages Committee Members to “Read the Law” at Today’s Full Committee Hearing on ‘Too-Big-to-Fail’ Post Dodd-Frank

| Posted in Press Releases
Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, FSOC, Speeches and Committee Statements

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, led committee Democrats today in encouraging Financial Services Committee Members to, “read the law,” in hopes to “facilitate a rational discussion based on actual provisions within the law.” During the full committee hearing titled, “Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts...

Ranking Member Waters' Opening Statement at Today's Hearing with Treasury Secretary Lew

| Posted in Press Releases
Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, FSOC, Volcker Rule, Derivatives, Department of the Treasury, Speeches and Committee Statements

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, delivered the following statement at today's full Committee hearing with Treasury Secretary Lew: Thank you very much Mr. Chairman. I am very pleased to welcome Secretary Lew to his first appearance before the Financial Services Committee to deliver the annual report of the Financial Stability Oversight Council a...

Waters Calls for Action on “Living Wills”

| Posted in Press Releases
Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, FSOC, Federal Reserve, FDIC, Department of the Treasury

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today sent a letter to Treasury Secretary Jack Lew, Chairman of the Financial Stability Oversight Council (FSOC), seeking to elicit his views on the progress of the “living wills” provision of the Wall Street Reform and Consumer Protection Act of 2010. The provision requires the nation’s largest bank holding com...

Waters Praises FSOC, Calls for Review of Bills Amending Derivatives Provisions in Dodd-Frank

| Posted in Press Releases
Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, FSOC, Derivatives

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today released the following statement in reaction to the annual report of the Financial Stability Oversight Council (FSOC). Waters praises the FSOC’s work to monitor systemic risk and identify potential vulnerabilities in the financial system. Ranking Member Waters also calls on members of the Council to pay cl...

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