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House Passes Ten Bipartisan Financial Services Bills

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This week, the U.S. House of Representatives passed ten financial services bills, including legislation to support diversity in community banking, protect investors and consumer from pandemic-related fraud, combat trafficking, and promote more flexible CARES Act funding. The bills passed include: The Ensuring Diversity in Community Banking Act (H.R. 5322) a bill by Representative Gregory Meeks (D-...

Waters Floor Statement on Moving Forward Act

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Today, Congresswoman Maxine Waters (D-CA), gave the following floor statement in support of H.R. 2, the Moving Forward Act. The Moving Forward Act includes Chairwoman Waters’ legislation, H.R. 5187, the Housing Is Infrastructure Act. Thank you very much, Chairman DeFazio for your tremendous leadership and work on this legislation. Mister Speaker, I rise in strong support of H.R. 2, the Moving Forw...

House Infrastructure Package Contains Chairwoman Waters’ Housing Infrastructure Bill

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Today, the U.S. House of Representatives is considering the Moving Forward Act, an infrastructure package which includes the Housing Is Infrastructure Act, Chairwoman Waters’ legislation to invest over $100 billion in affordable housing infrastructure to create or preserve approximately 1.8 million affordable homes. The Housing Is Infrastructure Act would make the following investments: $70 billio...

Waters on Emergency Housing Legislation: Urgent Action Needed to Prevent Eviction Crisis

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement regarding her bill, H.R. 7301, the Emergency Housing Protections and Relief Act of 2020. Thank you, Mr. Speaker. I rise in strong support of H.R. 7301, the Emergency Housing Protections and Relief Act of 2020. This bill includes several provisions that were included i...

Waters Applauds Inclusion of Her Housing Infrastructure Bill in House Infrastructure Package

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement regarding the inclusion of her legislation, the Housing Is Infrastructure Act, in the Moving Forward Act, House Democrats’ infrastructure package which will soon be considered by the House. “I am very pleased that this very important piece of legislation, the Moving Fo...

Waters Urges Congress to Pass Heroes Act: It’s Time to “Put up or Shut up”

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following floor statement in support of the Heroes Act (H.R. 6800). Mr. Speaker, I rise in strong support of H.R. 6800, the Heroes Act. This legislation includes a number of important proposals from the Members of the Financial Services Committee, and builds upon my proposal for more direct...

Waters Statement on Passage of Interim COVID-19 Relief Package

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Today, the House of Representatives passed H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act, by a vote of 388-5-1. Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congresswoman Nydia Velázquez (D-NY), Chairwoman of the House Committee on Small Business, led efforts to ensure much-needed reforms were included in H.R. 266 to i...

Waters Releases Extended Statement for the Record on the CARES Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released an extended statement for the record on H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The statement provides guidance to the Trump Administration on congressional intent behind the law, and serves to fill out the congressional record in the absence of Committ...

Waters Delivers House Floor Statement on the Coronavirus Aid, Relief, and Economic Security Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following floor statement in support of H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (CARES Act). As Prepared for Delivery Mr. Speaker, I rise in support of the Senate Amendment to H.R. 748, now referred to as the Coronavirus Aid, Relief, and Economic Security Act or...

House Passes Four Bipartisan Financial Services Bills

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Yesterday, the U.S. House of Representatives passed bipartisan financial services bills to protect servicemembers from predatory debt collectors, improve the availability of affordable housing and mortgage credit, and address concerns that China is trapping developing nations in a cycle of predatory debt. The bills passed include: The Fair Debt Collection Practices for Servicemembers Act (H.R. 500...

House Passes Pressley Bill to Reform Broken Credit Reporting System

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Today, the U.S. House of Representatives passed H.R. 3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020 (“Comprehensive CREDIT Act”), legislation sponsored by Rep. Ayanna Pressley (D-MA), by a vote of 221 to 189. H.R. 3621 would overhaul the credit reporting system by empowering consumers with more control of their data and requiring consumer...

House Passes Bill to Increase Corporate Diversity

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Today, the U.S. House of Representatives passed H.R. 5084, the Improving Corporate Governance Through Diversity Act of 2019, a bill that requires public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity, and veteran status of their board of directors, nominees, and senior executive officers. This bill was introduced by Congressman Gregory Meeks (D-NY), Chairma...

House Passes Five Financial Services Bills

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Today, the U.S. House of Representatives passed five financial services bills, including bills to: close loopholes in and ensure better enforcement of this country’s anti-money laundering and Bank Secrecy Act laws, protect investors and help startups finance their operations, require the Consumer Bureau to conduct research on the challenges of unbanked and underbanked consumers, and require the Tr...

House Passes Financial Services Bill to Protect Investors and American Jobs

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Today, the U.S. House of Representatives passed H.R. 3624, the Outsourcing Accountability Act of 2019, legislation that would hold public companies accountable for protecting American jobs by requiring them to annually disclose the total number of workers they employ in each state and foreign country, as well as the percentage change from the previous year. According to the Economic Policy Instit...

House Passes Financial Services Bill to Help Investors Make Better Financial Decisions

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Today, the U.S. House of Representatives passed H.R. 1815, the SEC Disclosure Effectiveness Testing Act, a bill to require the Securities and Exchange Commission (SEC) to test any new disclosure intended for retail investors under the SEC’s proposed regulation best interest. It would also require the SEC to review and test its existing disclosures for retail investors, such as trading confirmation...

Waters Applauds House Passage of the SAFE Banking Act

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Today, the U.S. House of Representatives passed H.R. 1595, the SAFE Banking Act, legislation sponsored by Congressmen Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers (R-OH) and Warren Davidson (R-OH), Members of the House Financial Services Committee, to make reforms that will ensure that state-authorized and regulated Cannabis businesses are not forced to operate with cash only. The legisl...

House Passes Nine Bipartisan Financial Services Bills

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On Thursday, the U.S. House of Representatives passed nine financial services bills that protect whistleblowers, support home buyers, advance technologies to thwart bad actors, protect government employees and others affected by a government shutdown, in addition to creating several commemorative coins and medals, including: H.R. 3625, the PCAOB Whistleblower Protection Act of 2019, a bill that wo...

House Passes Five Financial Services Bills

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On Tuesday, the U.S. House of Representatives passed the following bills offered by House Financial Services Committee Members, and managed on the House floor by Congressman Michael San Nicolas (D-GU), Vice Chairman of the House Financial Services Committee. H.R. 2852, Homebuyer Assistance Act of 2019, a bill that would make it easier for homebuyers to buy a home with a Federal Housing Administrat...

House Passes Seven Financial Services Bills

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On Tuesday, the U.S. House of Representatives passed the following bills, offered by House Financial Services Committee Members, and managed on the House floor by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee. H. Res. 456, Emphasizing the Importance of State Regulators, a bipartisan resolution emphasizing the investor protection and education missions of ...

House Passes Consumers First Act

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Today, the U.S. House of Representatives passed H.R. 1500, the Consumers First Act, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau). The bill passed by a ...

Waters Floor Statement on Her Legislation to Put Consumers First

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Today, the U.S. House of Representatives will consider H.R. 1500, the Consumers First Act, a bill to block the Trump Administration’s anti-consumer agenda and reverse their past efforts to undermine the mission of the Consumer Financial Protection Bureau (Consumer Bureau). See Congresswoman Maxine Waters’ (D-CA), Chairwoman of the House Committee on Financial Services, floor statement below. As Pr...

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...

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...

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...

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...

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