House Floor

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 Floor Statement on Her Bipartisan Legislation to Curb Illegal Insider Trading

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 624, the Promoting Transparent Standards for Corporate Insiders Act, bipartisan legislation which requires the Securities and Exchange Commission (SEC) to consider certain types of amendments to Rule 10b5-1 that would ensure corporate insiders are unable to in... Read more »

Waters Statement on Short-Term Extension of National Flood Insurance Program

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On Thursday, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following floor statement in support of a short-term National Flood Insurance Program (NFIP) extension and continued her call for a long-term reauthorization to provide homeowners, businesses, renters, and communities with the certainty they deserve. It is disappointing that we fi... Read more »

Waters Statement on Bipartisan Legislation to Help Small Businesses and Protect Investors

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement in support of S.488, the JOBS and Investor Confidence Act of 2018, a bipartisan bill that facilitates access to capital for small businesses, increases protections for consumers and investors, fights the scourge of drug and human trafficking, and promotes finan... Read more »

Waters Statement in Opposition to Bill that Forces Regulators to Put Industry Profits over Consumer Protections

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1116, the so-called “Taking Account of Institutions with Low Operation Risk Act of 2017” or the TAILOR Act, a bill that directs financial regulators to prioritize reducing costs for financial institutions, including megabanks, over protecting co... Read more »

Waters Statement in Opposition to Bill that Eases Rules for Megabanks and Predatory Lenders

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4607, a bill that directs regulators, including the Consumer Financial Protection Bureau, to dismantle rules considered inconvenient by the financial services industry despite the harm it may cause consumers or the economy. As Prepared for Deliv... Read more »

Waters Statement in Opposition to Bill that Rolls Back Post-Crisis Protections and Undermines Bank Stability

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4296, a bill to decrease operational risk capital requirements for the nation’s largest banks: As Prepared for Delivery Mr. Speaker, I rise in strong opposition to H.R. 4296. This bill is simply another rollback of rules put in place after the f... Read more »

Waters Floor Statement in Opposition to Bill That Could Undermine Market Stability

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 3978, a bill that threatens many of the important reforms Democrats made to restore investor confidence in our capital markets after the financial crisis: As Prepared for Delivery Madam Speaker, I rise in strong opposition to H.R. 3978, the “TRI... Read more »

Waters Floor Statement in Opposition to Bill That Allows Payday Lenders to Evade State Interest Rate Caps

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 3299, a bill that would make it easier for bad actors to get around interest rate caps that states have put into place to protect borrowers from predatory payday debt traps. As Prepared for Delivery Mr. Speaker, I rise today in opposition to H.R... Read more »

Waters Floor Statement in Opposition to Bill that May Threaten Community Banks

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4771, a bill that may promote bank mergers and acquisitions and decrease the number of community banks. As Prepared for Delivery Mr. Speaker, I rise in opposition to H.R. 4771, the Small Bank Holding Company Relief Act of 2018. This bill is anot... Read more »

Waters Floor Statement in Opposition to Bill Undermining Dodd-Frank Mortgage Protections

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1153, the so-called Mortgage Choice Act of 2017: As Prepared for Delivery Thank you Madam Speaker. I rise today in opposition to H.R. 1153, the so-called “Mortgage Choice Act of 2017”. Unfortunately, this bill is yet another attempt to undermine... Read more »

Waters Opposes Republican Bill to Punish Poor Countries, Calls out Trump's Racist Remarks

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to the World Bank Accountability Act, a bill that would allow for cuts to funding for the International Development Association (IDA). IDA provides grants and other assistance to the world’s 77 poorest countries, which are home to more than 450 million ... Read more »

Waters Statement in Opposition to Bill that Undermines Pension Funds’ Efforts to Hold Corporations Accountable

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 4015, a bill that would undermine sound corporate governance: Mr. Speaker, H.R. 4015, the so-called Corporate Governance Reform and Transparency Act, would create an untested, inappropriate, and burdensome regulatory framework for proxy advisory... Read more »

Waters Statement in Opposition to Bill that Rolls Back Important Dodd-Frank Rules for Large Banks

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 3312, a bill that would deregulate some of the largest banks: Mr. Chairman, I rise in strong opposition to H.R. 3312, the Systemic Risk Designation Improvement Act. At a time when big banks are doing very well and the industry made record profi... Read more »

Waters Floor Statement on the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement on H.R. 477, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017: H.R. 477 seeks to provide a statutory exemption from registration with the Securities and Exchange Commission, or S.E.C., for certain brokers who facilitate ... Read more »

Waters Floor Statement on the Otto Warmbier North Korea Sanctions Act

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement on H.R. 3898, the Otto Warmbier North Korea Sanctions Act: As Prepared for Delivery First, let me say that I'm very pleased that, by naming this legislation after Otto Warmbier, we are able to honor him and let his family know that we will not forget him. Nor will we... Read more »

Waters Floor Statement on Supplemental Disaster Relief Funding Bill

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement from the House floor in support of the supplemental disaster relief funding bill. As Prepared for Delivery Mr. Speaker, I rise today in support of this critical disaster relief funding. In the wake of the destruction that this historic hurricane season has wrought on Texas... Read more »

Waters Condemns Republican Effort to Repeal Forced Arbitration Rule

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Today, in response to the House passage of H.J. Res 111, a harmful Republican resolution that repeals the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Forced arbitration benefits large corporations and Wall Street... Read more »

Waters Opening Floor Statement in Opposition to Republican Resolution to Repeal Forced Arbitration Rule

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Today, during floor debate on H.J.Res 111, a Republican Joint Resolution to repeal the Consumer Financial Protection Bureau’s rule to protect consumers by restricting forced arbitration clauses, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery H.J.Res 111 is an affront to hardworking Americans ... Read more »

Committee Dems Introduce Resolution of Inquiry to Follow Trump Money Trail

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Throughout the controversy surrounding the Trump Administration’s suspicious and undisclosed financial dealings and business partnerships, House Financial Services Committee Democrats have remained committed to following the money trail. Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the Committee ... Read more »

Vice Ranking Member Kildee’s Floor Statement Opposing H.R. 1343

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Today, Congressman Dan Kildee (D-MI), Vice Ranking Member of the House Committee on Financial Services, spoke on the House floor in opposition to H.R. 1343: As Prepared for Delivery H.R. 1343 eliminates important disclosures that private companies must provide to their employees in the event that they’re compensating those employees with stock. This bill would limit transparency. If companies want... Read more »

Waters Strongly Opposes Republican Efforts to Dismantle Financial Regulation

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Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke strongly against two bills pushed by Republicans to effectively roll back postcrisis financial regulation. Ranking Member Waters acknowledged the bills on the House floor today as another attempt by the majority to gut policies that have helped millions of Americans. H.R. 78, the Securities and ... Read more »

Waters Speaks Out Against Yet Another GOP Wall Street Gift

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Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor opposing H.R. 5143 as the next bill in the Trump agenda that would benefit Wall Street at the expense of financial stability. “This week’s gift is less oversight of the largest insurers in the U.S., which will put us at risk for another AIG,” Waters said, noting the global insurer wa... Read more »

Waters: H.R. 6392 is First Step in Trump Agenda to Deregulate Wall Street

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Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor opposing H.R. 6392, a bill that would let President-elect Trump’s Wall Street-friendly administration deregulate 27 of the largest banks in the country. “H.R. 6392 would repeal Dodd-Frank’s $50 billion threshold, above which banks are subject to closer regulatory scrutiny, and preven... Read more »

On House Floor, Waters Warns that Iran Reporting Bill Could Destabilize Nuclear Deal

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Delivering remarks on the House floor in opposition to H.R. 5461 today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, denounced the “Iranian Leadership Asset Transparency Act” as an attempt to threaten the viability of the Iran nuclear deal. In her remarks, Waters noted that this bill is the “latest in a series of Republican efforts aimed at undermining... Read more »



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