Department of the Treasury

In Letter to Fed and Treasury, Waters Presses for Emergency Lending Programs Not to Support Predatory Lenders

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, and Steven Mnuchin, Secretary of the U.S. Department of the Treasury, following up on conversations to ensure that the Federal Reserve and Treasury programs and facilities to respond to the COVID-19 crisis... Read more »

Waters Calls for Administration to Put Small Business Owners Over Predatory Payday Lenders

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza, calling attention to the irreparable harm predatory payday lenders have caused America’s consumers and urging Administration officials to deny them access to Paycheck Protection Program (PPP) loans. “Ma... Read more »

Chairwoman Waters, Top Democrats Call on Treasury, Small Business Administration to Expand Paycheck Protection Program Opportunities for CDFIs and MDIs

| Posted in Press Releases

Today, House Financial Services Committee Chairwoman Maxine Waters joined with House Speaker Nancy Pelosi, Senate Democratic Leader Charles Schumer, House Small Business Committee Chairwoman Nydia Velázquez, Senate Small Business and Entrepreneurship Committee Ranking Member Benjamin Cardin, and Housing and Urban Affairs Committee Ranking Member Sherrod Brown, in sending a letter to U.S. Treasury ... Read more »

Chairwoman Waters, Ranking Member Brown Call on Administration to Stabilize the Housing Market During the Coronavirus Pandemic

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, sent a letter to Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin urging them to ensure the stability of the housing market in the face of the Coronavirus pandemic. T... Read more »

Chairwoman Waters Applauds World Bank Capital Increase Included In COVID-19 Stimulus Package

| Posted in Press Releases

After an agreement on a major World Bank Group reform package advocated for by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and memorialized in a letter from World Bank President David Malpass to Treasury Secretary Steven Mnuchin, Chairwoman Waters signaled her support to authorize the Secretary of Treasury to vote in favor of a $5.5 billion capital inc... Read more »

Waters to Mnuchin and Carranza: Paycheck Protection Program Funds Must Not Be Used to Pay Private Equity or Other Funds

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza. “Any funds granted through [the paycheck protection program] must not be used to pay any debts or obligations to private funds, including management or consulting fees,” said Chairwoma... Read more »

Waters Calls on SEC and Treasury to Resist Efforts to Roll Back Protections for Non-Traditional Workers During COVID-19 Crisis

| Posted in Press Releases

On Wednesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Securities and Exchange Commission Chairman Jay Clayton and Treasury Secretary Steven Mnuchin, urging them to uphold safeguards put in place to protect non-traditional workers—such as contractors, freelancers, and those in the gig economy— during the Coronavirus pandemic. “Unsur... Read more »

Waters to Mnuchin: The Committee Will Closely Monitor Your Implementation of the CARES Act

| Posted in Press Releases

Following the passage of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, urging him to ensure the law benefits workers, families, and the rest of the American people it was intended to help as a re... Read more »

Waters Again Presses Mnuchin to Explain the Trump Administration’s Harmful Actions

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following opening statement at a full Committee hearing entitled, “Promoting Financial Stability? Reviewing the Administration’s Deregulatory Approach to Financial Stability." As Prepared for Delivery Welcome back, Secretary Mnuchin. Today we are here to discuss the Trump Administration’s... Read more »

Waters Slams Trump’s Record on Housing, Outlines Long-Standing Democratic Housing Finance Reform Principles at Hearing with Mnuchin, Carson and Calabria

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee hearing entitled, “The End of Affordable Housing? A Review of the Trump Administration’s Plans to Change Housing Finance in America.” As Prepared for Delivery Today we are here to discuss the impact of the Trump Administration’s housing finance reform pl... Read more »

Mnuchin to Return on May 22 to Continue Testimony Before Committee

| Posted in Press Releases

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 and Engel Demand Overdue Russian Sanctions Report

| Posted in Press Releases

Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, and Representative Eliot L. Engel, Chairman of the House Committee on Foreign Affairs, have taken the Trump Administration to task for its failure to produce a report that is now four months past a statutory deadline detailing actions to crack down on human-rights abusers in Russia. In a letter to Secretary of S... Read more »

Waters to Mnuchin: I Expect You To Be Forthcoming With This Committee

| Posted in Press Releases

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 »

Committee Chairs Press Mnuchin for Documents on Sanctions Relief for Businesses Tied to Deripaska

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congressman Adam Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence; and Congressman Eliot Engel (D-NY), Chairman of the Committee on Foreign Affairs, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, requesting all documents and records pertainin... Read more »

Democratic Committee Leaders Respond to the Trump Administration’s Lifting of Sanctions on Russian Businesses Tied to Oleg Deripaska

| Posted in Press Releases

Today, House Financial Services Committee Chairwoman Maxine Waters (D-CA), House Foreign Affairs Committee Chairman Eliot L. Engel (D-NY), Ways and Means Committee Chairman Richard Neal (D-MA), and House Permanent Select Committee on Intelligence Chairman Adam Schiff (D-CA) released the following statement after the Treasury Department lifted sanctions against companies tied to Russian oligarch Ol... Read more »

Waters Floor Statement on Bipartisan Legislation to Investigate Abuses of Financial Technology

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 56, the Financial Technology Protection Act, bipartisan legislation that would strengthen efforts to deter terrorist and illicit abuses of financial technology. As Prepared for Delivery I’m so pleased that this body will vote on H.R. 56, the Financial Technolo... Read more »

Waters Statement on the Trump Shutdown’s Impact on the Treasury Department

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the impact of the Trump shutdown on the U.S. Department of Treasury, the agency that plays a critical role in the U.S. economy including collecting taxes and paying the debts of the United States. “The Trump shutdown is the longest in U.S. history. I remain very concer... Read more »

Waters Applauds House Passage of Resolution of Disapproval to Block the Trump Administration’s Actions to Ease Sanctions on Companies Tied to Russian Oligarch

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement applauding House passage of H.J. Res. 30, a Resolution of Disapproval to reverse the U.S. Department of the Treasury’s decision to lift sanctions on companies owned by Russian oligarch Oleg Deripaska. “Today the House overwhelmingly passed H.J. Res. 30, a Resolution of D... Read more »

Waters Statement on Senate Resolution to Block the Trump Administration’s Actions to Ease Sanctions on Companies Tied to Russian Oligarch

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the U.S. Treasury Department’s decision in December to remove sanctions on three Russian companies connected to Russian oligarch Oleg Deripaska: “I am very concerned about the Treasury Department’s actions to lift sanctions on businesses connected to Oleg Derip... Read more »

House Chairs Demand Answers On Sanctions Relief For Russian Oligarch

| Posted in Press Releases

The chairs of seven committees in the House of Representatives today are calling on the Trump Administration to explain the easing of sanctions on businesses tied to Russian oligarch Oleg Deripaska. In response to a December 19, 2018 notification that the Treasury Department intends to terminate sanctions against three companies tied to Deripaska, the lawmakers wrote Secretary of the Treasury Stev... Read more »

Waters Statement on Trump and Mnuchin’s Recent Actions

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in response to the recent actions and statements of President Trump and Treasury Secretary Mnuchin: “The financial markets need certainty, and a Federal Reserve that can independently set monetary policy. The recent actions of the President and the Treasury Secretary... Read more »

Waters Statement on OCC Fintech Charter Announcement and Treasury Report

| Posted in Press Releases

Today, in response to the U.S. Department of Treasury’s regulatory report on financial technology (fintech) and the Office of the Comptroller of the Currency’s (OCC) announcement that it will accept applications for national bank charters from fintech companies, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “I am deep... Read more »

Waters and Committee Democrats Press Mnuchin on Suspicious Activity Reports Related to Trump Associates

| Posted in Press Releases

WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Dan Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigation... Read more »

Waters to Mnuchin: This is Your Excuse For Not Having Implemented the Law?

| Posted in Press Releases

At a full Committee hearing of the House Committee on Financial Services, Ranking Member Maxine Waters (D-CA), pressed Treasury Secretary Steven Mnuchin on the Trump Administration’s inaction on the Russia sanctions passed with broad bipartisan support by Congress in 2017 to punish Russia for interfering in our democracy. Section 231 of the Countering America’s Adversaries Through Sanctions Act (C... Read more »

Waters Demands that Mnuchin and Tillerson Explain Inaction on Russia Sanctions

| Posted in Press Releases

Today, following a series of baffling statements from the Trump Administration regarding its failure to act on the Russia sanctions enacted by Congress in 2017, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, sent a letter to Secretary of the Treasury Steven Mnuchin and Secretary of State Rex Tillerson, demanding answers as to why no action has been taken... Read more »



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