Budget

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...

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...

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...

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...

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

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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...

Waters Slams Republicans for Taking Harmful Steps Towards Another Financial Crisis

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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 ...

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

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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...

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...

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...

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...

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 ...

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...

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...

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...

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

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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 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...

Waters Blasts GOP Budget Proposal

| Posted in Press Releases

Today, as the House of Representatives considered the Republican budget proposal on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, waged a devastating critique of the proposal as harmful to our nation’s economic stability, to our housing market and to American consumers. Waters criticized the shortsightedness of a Republican budget that wou...

Financial Services Democrats Challenge GOP Views on Inequality Issues

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Over the course of a two-day markup of Republican fiscal year 2016 budgetary priorities in the financial services sector, Financial Services Committee Democrats fought back against a Republican effort to eliminate taxpayer protections and undermine the social safety net. Led by Ranking Member Maxine Waters (D-CA), Democrats fiercely opposed rampant mischaracterizations of critical federal agencies...

Waters: GOP Budget Ignores Inequality and the Racial Wealth Gap

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In a highly charged meeting of the Financial Services Committee to consider the fiscal year 2016 “Budget Views and Estimates” Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, chastised Committee Republicans for putting forth a budget that fails to provide real solutions that will address the problems of income inequality, the racial wealth gap, slow wage grow...

Waters Takes Fight Against Wall Street Bailout to the House Floor

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The top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), today took her opposition to a provision that could bring back an era of Wall Street bailouts to the House floor. In a fiery speech, Waters expressed her concerns with a Wall Street-authored provision that repeals important taxpayer protections against reckless bank activity enacted as part of the Dodd-...

Ranking Member Waters' Opening Statement at Today's Full Committee Markup

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Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, today gave the following opening statement at today’s full committee markup of five bills intended to promote economic growth and the majority’s Budget Views and Estimates for fiscal year 2015. Her remarks are below. ) As prepared for delivery: Thank you Mr. Chairman. Promoting economic growth and reducin...

Waters Statement on Government Shutdown

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Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, released the following statement on the Republican-imposed government shutdown. “The irresponsibility of the Republican Party cannot be overstated. As we slowly emerge from the worst economic crisis in over 70 years, I am saddened that ideological extremism has led to another self-inflicted wound that could have di...

Democrats Urge Appropriators to Boost Funding for Community Development Block Grants

| Posted in Press Releases
Tags: HUD, Budget

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, joined by Representative Michael E. Capuano and 65 of their Democratic House colleagues, has released a letter to key Members of the House Committee on Appropriations urging adequate funding for critical community development and housing programs in the Fiscal Year 2014 Transportation, Housing and Urban Developm...

Democrats Urge Appropriators to Fully Fund SEC

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Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, joined by Representative Carolyn Maloney and 51 other Members of Congress, has released a letter to key Members of the House Committee on Appropriations calling for full funding of the Securities and Exchange Commission (SEC) at the amount requested by the Obama administration for fiscal year 2014. The SEC is re...

Ranking Member Waters' Floor Statement on H.Con.Res 25 (Republican Budget for FY 2014)

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Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today made the following statement on the House Floor: Thank you Mr. Speaker, and I thank Mr. Van Hollen for yielding me time. Today I rise in strong opposition to the Republican’s Budget, a budget that makes absurd claims to reducing the deficit by repealing crucial government authority to protect our economy—l...

Waters' Opening Statement in Markup Focuses on the Immediate Threat Posed by Sequestration

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Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, led committee Democrats today in calling for an open debate on the effects of sequestration, requesting that all Committee members put aside theoretical discussions of “Budget Views and Estimates.” The complete text of her opening statement follows. Thank you, Mr. Chairman. The Committee is supposed to meet toda...



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