Budget

Waters Blasts Cruel Trump Budget

| Posted in Press Releases
Tags: HUD, Budget

WASHINGTON, D.C. -Today, in response to the Trump Administration’s release of its budget request to Congress for Fiscal Year 2020, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement: “Trump has repeatedly shown that he has no interest in standing up for hardworking Americans and this proposal is just another example. This budget... Read more »

Committee Passes FY2020 Budget Views and Estimates

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Tags: Budget

Today, at a full Committee markup, the House Financial Services Committee adopted Budget Views and Estimates for Fiscal Year 2020. The Committee’s budget views were adopted along party lines by a vote of 33-24. During the markup, Democrats accepted four out of seven amendments offered by Republicans. See below for the opening statement given by Congresswoman Maxine Waters (D-CA), Chairwoman of the... Read more »

House Passes Waters’ Resolution to Help Americans Affected by the Trump Shutdown

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement, on H. Res. 77, a resolution to encourage financial institutions, consumer reporting agencies, and other entities to do what they can to help consumers, including federal employees, contractors, small businesses, and other individuals affected by the Trump shutdown. A... Read more »

Waters to Financial Institutions: Describe Your Activities to Help Customers Affected by the Shutdown

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On Friday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote to the heads of financial services industry trade associations and the largest credit reporting agencies to call on them to describe what their institutions and member companies are doing to help consumers affected by the Trump shutdown. “President Trump’s shutdown of the federal governmen... Read more »

Waters Calls Out Carson for Failing to Protect Critical Housing Programs During Trump Shutdown

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Tags: HUD, Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), demanding that HUD follows its own Contingency Plan during the longest shutdown in U.S. history. In the letter, Chairwoman Waters expressed concerns about HUD’s failure to ensure appropriate responses ... Read more »

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

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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 Outlines Agenda in First Policy Speech as Committee Chairwoman

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress: As Prepared for Delivery Thank you for the very warm welcome, and to the Center for American Progress for holding this event. CAP’s research and policy work are highly respected and a valued resource for Members of... Read more »

Waters Urges Regulators to Protect Americans Experiencing Financial Hardship Due to Trump Shutdown

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On Thursday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, wrote a letter to Federal Reserve Chairman Jerome Powell, Federal Deposit Insurance Corporation Chairman Jelena McWilliams, Consumer Financial Protection Bureau Director Kathy Kraninger, Comptroller of the Currency Joseph Otting, and National Credit Union Administration Chairman Mark McWatters... Read more »

Waters Statement on the Trump Shutdown’s Impact on Housing in this Country

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Tags: FHA, HUD, Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement on the impact of the Trump shutdown on the Department of Housing and Urban Development (HUD), the agency that is responsible for expanding housing opportunities and providing safe, decent, and affordable housing for millions of families across the country: “Today marks the ... Read more »

Waters: Trump Shutdown is Jeopardizing Integrity of our Financial Markets

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Tags: SEC, Budget

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee of Financial Services, made the following floor statement in support of H.R. 264, the Financial Services and General Government Appropriations Act of 2019, which would restore funding for federal government agencies to continue their important work on behalf of the American public: Thank you very much Mr. Speaker and Memb... Read more »

Waters Statement at Hearing on National Debt

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “The Peril of an Ignored National Debt.” As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, since this hearing is about attention to the national debt, I think it is important for the public to understand that the Re... Read more »

Waters: GOP Tax Scam is a Giveaway to Wall Street at the Expense of Hardworking Americans

| Posted in Press Releases
Tags: Budget

Today, at a full Committee hearing on the effects of H.R. 1, the Republican tax scam legislation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: Thank you, Mr. Chairman. Since we are taking the time today to discuss the effects of H.R. 1, the Republican tax scam, I’d like to make it very clear what is really in this law. The... Read more »

Waters Statement on FY19 Financial Services Funding Bill

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Today, in response to the House Committee on Appropriations markup of the fiscal year 2019 Financial Services and General Government Appropriations bill, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “The Trump Administration and Congressional Republicans are shameless in their attempts to rollback consumer protection... Read more »

At Markup of Budget Views, Waters Blasts Harmful Republican Agenda

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a full Committee markup to consider the Majority's Views and Estimates on the Budget for FY 2019: As Prepared for Delivery Thank you, Mr. Chairman. Mr. Chairman, Committee Democrats are committed to advancing policies that create shared prosperity and economic opportuni... Read more »

Waters: Trump Budget Would Harm Consumers, Open the Door to Another Financial Crisis

| Posted in Press Releases

Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2019, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Trump’s budget proposal would harm American consumers, hurt our nation’s communities and wipe out financial reforms that are in place to prevent another finan... Read more »

Waters Slams Republicans for Taking Harmful Steps Towards Another Financial Crisis

| Posted in Press Releases

In response to House Republicans’ budget resolution to dismantle Wall Street reform, gut the Consumer Financial Protection Bureau, eliminate the procedures that safely liquidate failing mega-banks and stop future taxpayers bailouts, and ultimately bring back the same risky and predatory Wall Street practices and products that led to the Great Recession, Congresswoman Maxine Waters (D-CA), Ranking ... Read more »

ICYMI: Committee Democrats Host Panel on Protecting Critical Community Development Programs

| Posted in Press Releases
Tags: HUD, Budget

Last week, House Financial Services Committee Ranking Member Maxine Waters (D-CA), Vice Ranking Member Dan Kildee (D-MI) and Housing and Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO), hosted a roundtable discussion on how the Trump Administration’s full budget request would create suffering for whole communities; increase poverty, hunger and homelessness; and reduce economic develop... Read more »

Waters: Trump Budget is Extremely Harmful

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Today, in response to the Trump Administration’s release of its full budget request to Congress for Fiscal Year 2018, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Donald Trump has once again revealed who he really is, with a cruel and senseless budget that abandons Main Street and the vulnerable. “The Trump budget mirro... Read more »

Waters Calls For Increased Funding for Federal Housing Programs in Fiscal Year 2018

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Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, which oversees federal housing programs, urged her colleagues to meet the housing needs of the country’s most vulnerable populations during the federal appropriations process for fiscal year 2018. The Ranking Member proposed funding increases for a variety of federal housing programs, including the Depart... Read more »

Waters Strongly Opposes Trump’s Harmful Budget Proposal

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Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the statement below in response to President Trump’s budget blueprint: “This a dangerous budget, but we only know part of it. Trump’s massive cuts to housing and economic development programs would put millions of Americans and their communities at risk. But this is only part of the story: Trump’s b... Read more »

Waters: GOP Budget Views Abandon Main Street

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Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, rebuked Committee Republicans for putting forth budget views that fail to address issues of wealth inequality, the racial wealth gap, homelessness, affordable housing, consumer protection, and investor protection. As Prepared for Delivery Thank you, Mr. Chairman. Today, this Committee will consider Views ... Read more »

Brown, Waters Oppose Efforts to Gut Wall Street Reform Via Funding Bills

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The leading Democrats on the Senate Banking and House Financial Services Committees today urged Congressional leaders to reject any attempts to use must-pass government funding legislation to repeal, weaken, or delay financial reforms and consumer protections. In a letter to Senate and House leaders, Sen. Sherrod Brown (D-OH) and Rep. Maxine Waters (D-CA) said they will oppose ideological policy r... Read more »

Waters Opposes Republicans’ Unacceptable Short-Term Funding Bill

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement on Republicans’ continuing resolution (CR) that would fund the government until December: “Republicans have proposed a continuing resolution to fund our government and services to the American people that is simply unacceptable. This CR is an insult to the people of Flin... Read more »

Waters Opposes Passage of Harmful Financial Services Appropriations Bill

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Last night, the House of Representatives passed a harmful Republican spending bill, H.R. 5485, which would underfund the nation’s financial services regulators for fiscal year 2017 and put consumer protection and financial stability at risk. Despite Democratic efforts to improve the bill through the amendment process, Republicans pushed through this legislation, which would make it harder for fina... Read more »

Waters: GOP Budget Views Ignores the Progress Made Since 2008 Crisis and Offers No Solutions

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, rebuked Committee Republicans for putting forth budget views that ignore the significant progress that has been made since the 2008 crisis. Waters highlighted that the Republican budget failed to provide real solutions that will address the problems of the racial wealth gap, homelessness, consumer protect... Read more »



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