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Chairwoman Waters’ Statement on World Bank President’s Comments on Climate Change

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to World Bank President David Malpass’s refusal to accept the scientific consensus that the burning of fossil fuels is dangerously warming the planet: “President Malpass’s refusal to accept the overwhelming scientific consensus that human…

Waters Delivers Opening Statement at Subcommittee Hearing on the Growth of Alternative Payment Systems

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following statement at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “Under the Radar: Alternative Payment Systems and the National Security Impacts of Their Growth.” Thank you very much, Chairman Himes, for convening this…

Waters Delivers Opening Statement at Historic Full Committee Hearing on the Impacts of De-Risking on the Caribbean

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid hearing entitled, “When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access.” I would like to welcome the Prime Minister of Barbados, the Honorable Mia Amor Mottley, to the Financial…

Waters Secures House Passage of Nine Bipartisan Financial Services Bills

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Today, Chairwoman Maxine Waters secured passage by the U.S. House of Representatives of nine bipartisan bills The Fair Hiring in Banking Act (H.R. 5911), a bill by Representative Joyce Beatty (D-OH). This bill would expand employment opportunities at banks and credit unions by reducing barriers to employment based on past minor criminal offenses. The bill specifically provides an…

Waters Statement on Appointment to Conference Committee for America COMPETES Act

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement after being named a Member of the House who will go to conference with the Senate over the House’s America COMPETES Act of 2022: “I am pleased to be appointed by Speaker Pelosi as a member of the conference committee for the America COMPETES Act of 2022.…

Chairwoman Waters Sends Letter to the Financial and Commercial Industry Over Russian Disinvestment

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to trade associations representing thousands of American firms from the financial and commercial industry, requesting detailed information on the actions that America’s financial institutions and businesses have taken to end their relationships and engagements in Russia and with…

Waters Opening Statement at March Full Committee Markup of Bipartisan Bills to Punish Russia and Support Ukraine

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hybrid markup. Today, this Committee comes together in the first of a series of markups on legislation to press Russian President Vladimir Putin to end his unprovoked and illegal invasion of the sovereign nation of Ukraine. Russia’s invasion…

Waters Supports Ukrainian People and Strong U.S., Multilateral Response to Russian Invasion of Ukraine

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement in response to the Russian invasion of Ukraine: “I join with President Biden and our allies in condemning Russia’s invasion of Ukraine and stand in solidarity with the people of Ukraine. The Biden Administration’s latest sanctions and other strict measures…

America COMPETES Act Containing Key Provisions Authored by Committee Members Passes in House

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the passage of the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022 in the House, which includes key provisions that Chairwoman Waters worked closely with members on the Financial Services Committee and with…

America COMPETES Act Contains Key Provisions Authored by Committee Democrats

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced nine provisions included in the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022. The America COMPETES Act of 2022, which was introduced in the House of Representatives today, strengthens the competitiveness…

Waters, Brown, Maloney Urge Treasury to Take Swift Action to Implement Law Cracking Down on Anonymous Shell Companies

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Today, Rep. Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Sen. Sherrod Brown (D-OH), Chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Rep. Carolyn B. Maloney (D-NY), Chairwoman of the House Committee on Oversight and Reform, wrote a letter to Treasury Secretary Janet Yellen urging the Treasury Department to move swiftly on…

Waters Applauds World Bank Decision to Discontinue the Doing Business Report

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released the following statement on the World Bank’s decision to discontinue the “Doing Business” report. “I am very pleased that the World Bank decided to end its annual country-ranking exercise known as the “Doing Business” report. I’ve long been critical of the “Doing Business” report’s…

Waters Announces September Committee Schedule

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following schedule for the month of September: September 10 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled: “Protecting Renters During the Pandemic: Reviewing Reforms to Expedite Emergency Rental Assistance.” September…

Waters Applauds the Biden Administration’s New Russia Sanctions

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, who is a leading, outspoken critic of former President Trump, his close ties to Russia and the Trump Administration’s failure to address acts of Russian hostility against the U.S., made the following statement regarding the Biden Administration’s announcement of a new package of…

Waters Applauds Treasury Effort to Help Vulnerable Countries Fight Pandemic Through Global Action

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement applauding the commitment by Treasury Secretary Janet Yellen to pursue a new allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF). “I am very pleased by Secretary Yellen’s decision to seek a multilateral agreement to support…

Waters Statement on Inclusion of Key Democratic Financial Services Bills in FY 2021 NDAA

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the inclusion of several Democratic financial services measures in the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she served as a conferee. “As Chairwoman of the Financial Services Committee, I…

Waters Secures Inclusion of Provisions on Beneficial Ownership, Preventing Money Laundering and Combatting International Corruption in FY 2021 NDAA

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the William (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, for which she has been appointed a conferee. “I am very pleased to serve as a conferee for H.R. 6395, the William (Mac) Thornberry National Defense…

Waters, Leahy Call on GAO to Review Sustainability of World Bank’s International Development Association’s New Financing Model

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Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Senator Patrick Leahy (D-VT), Vice Chairman of the Senate Committee on Appropriations, sent a letter to the Government Accountability Office (GAO) requesting it analyze the International Development Association’s financing model, financial viability, and risk management. “To assist the…

Waters Floor Statement in Support of Uyghur Forced Labor Disclosure Act: “We Must All Stand up Against the Unjust and Inhumane Treatment of the Uyghurs and Push China to End This Brutality Once and for All.”

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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 Uyghur Forced Labor Disclosure Act of 2020, introduced by Representative Jennifer Wexton (D-VA), which passed on a bipartisan vote of 253-163. I rise in strong support of H.R. 6270, the Uyghur Forced Labor Disclosure Act of 2020,…

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

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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…

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…

Committee Democrats Roll Out Legislation to Provide Comprehensive Stimulus and Public Policy Response to Coronavirus Pandemic

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, led Committee Democrats in releasing the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic.  “The House…

Waters, McHenry, Cleaver and Hill to Launch Inaugural Counter-Trafficking Initiative

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, Congressman Emanuel Cleaver (D-MO), Chairman of the Subcommittee on National Security, International Development and Monetary Policy, and Congressman French Hill (R-AR), Ranking Member of the…

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…

Waters Statement on the Inclusion of Bipartisan Agreements on TRIA, EXIM Bank, and the World Bank in Approps Package

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement on the inclusion of World Bank funding and seven-year reauthorizations of the Terrorism Risk Insurance Act (TRIA) and the Export-Import Bank (EXIM) in House FY2020 appropriations legislation. “At the beginning of this Congress, I made clear that the long-term…

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