Today, after commencing the first official meeting of the House Financial Services Committee in the 116th Congress, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following opening statement. As Prepared for Delivery Today marks the first official meeting of the Committee on Financial Services in the 116th Congress, convened to adopt the Committe... Read more »
Following Thursday’s announcement of House Financial Services Subcommittee Chairs, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced Subcommittee assignments for the 116th Congress. Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Congresswoman Carolyn B. Maloney (NY-12), Chair Congressman Brad Sherman (CA-30) Congressman D... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the six Committee Members who will serve as Subcommittee Chairs. Each Subcommittee Chair was chosen through a selection process based on seniority, with the confirmation of all Committee Democrats. “I am pleased to announce the very talented, experienced and diverse new leadership of our six ... Read more »
Today, at a House Financial Services Committee markup of 7 bills, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, I understand that this is likely the first of several markups this month, as part of an effort to move forward a package of capital markets b... Read more »
Today, the House Financial Services Committee Subcommittee on Housing and Insurance held a hearing entitled, “An Overview of Homelessness in America.” For years, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, and Committee Democrats, have called on the Committee to hold a hearing on homelessness. Today marks the first time Committee Republicans hav... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, introduced the Expanding Housing Opportunities for Foster Youth Act of 2018, a bill to provide a more sustainable solution for young people who are transitioning out of foster care and in need of a place to call home. This bill would permanently reauthorize $200 million annually towards the Depa... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement regarding the devastation caused by hurricanes this season, and the news that Congress will need to raise the National Flood Insurance Program’s (NFIP) borrowing authority to pay all of its claims from Hurricanes Harvey and Irma. “As the 2017 hurricane season continues, we must put... Read more »
Today, at a hearing to examine the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters (D-CA)¸ Ranking Member of the Committee on Financial Services, urged Committee Members to swiftly move towards long-term reauthorization, stressing the need for affordable insurance premiums and cancellation of the program’s $24.6 billion debt. As Prepared for Delivery Thank you, Mr. Chairman. R... Read more »
Today, Ranking Member Maxine Waters (D-CA) and Democrats on the House Committee on Financial Services elected their Vice Ranking Member and their Subcommittee Ranking Members. Members also selected their Subcommittee assignments for the 115th Congress. The Democratic Caucus created the Vice Ranking Member position to provide more representation of the diversity of the Democratic Caucus, and stren... Read more »
Ranking Member Maxine Waters (D-CA) today announced subcommittee assignments for the Democratic Members of the House Financial Services Committee. The Ranking Members of each subcommittee were chosen through a selection process based on seniority, with the confirmation of all Committee members. Positions on each subcommittee were secured through an open-bidding process in which all members of the ... Read more »
Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, today announced changes in the Democratic membership of the Financial Services’ subcommittees. Changes were necessary due to the departure of former Rep. Mel Watt (D-NC) to head the Federal Housing Finance Agency, and the appointment of Rep. Steven Horsford (D-NV) to the Committee. Ranking Members of the various subco... Read more »
At today’s hearing to review the Treasury Department’s Federal Insurance Office’s (FIO) Report on Modernizing Insurance Regulation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, applauded the Office for its efforts to oversee the insurance marketplace and protect consumers. She also called for improved access to insurance in underserved communities, and no... Read more »
Today, at a hearing to examine the National Flood Insurance Program (NFIP), Congresswoman Maxine Waters¸ Ranking Member of the House Financial Services Committee, asked FEMA administrator Craig Fugate tough questions about its implementation of the NFIP, and why he had not notified lawmakers of dramatic rate increases that many are experiencing as a result of changes to the Program. Waters also di... Read more »
Financial Services Subcommittee Holds Hearing on TRIA Program Today, at a Committee on Financial Services’ Housing and Insurance Subcommittee hearing, Ranking Member Maxine Waters (D-CA) called for the quick, clean and long-term renewal of the Terrorism Risk Insurance Act, known as TRIA. At the hearing, entitled “The Future of Terrorism Insurance: Fostering Private Market Innovation to Limit Taxpa... Read more »
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today announced the Democratic Members of the subcommittees of the FSC. The memberships of the subcommittees were determined by an open bidding process within the Democratic caucus of the committee. The process was guided in part by Members’ years of service to the committee, but it also gave all Members a chanc... Read more »
