This week, the House Financial Services Committee, held a markup of five bills to crack down on foreign corruption, uphold consumer protections, increase access to the financial system, protect retirement savers, and address the national homelessness crisis. See the legislation below. HR 389, Kleptocracy Asset Recovery Rewards Act, legislation that establishes a rewards program to incentivize indi... Read more »
Today, at a full Committee markup, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following opening statement. As Prepared for Delivery Today, this Committee convenes for a markup of five overdue bills. As I have said before, under my leadership, this Committee will be focused on fairness and policies to benefit consumers, investors, small busines... Read more »
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act, bipartisan legislation that would provide law enforcement more access to the critical information it needs to combat terrorism and financial crimes, by giving a safe harbor for banks that keep customer a... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Emanuel Cleaver (D-MO), Chair of the Subcommittee on National Security, International Development, and Monetary Policy, issued the following statements on the nomination of David Malpass, Under Secretary of the Treasury for International Affairs, to serve as President of the World Bank.... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Congressman Adam Schiff (D-CA), Chairman of the Permanent Select Committee on Intelligence; and Congressman Eliot Engel (D-NY), Chairman of the Committee on Foreign Affairs, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury, requesting all documents and records pertainin... Read more »
Today, House Financial Services Committee Chairwoman Maxine Waters (D-CA), House Foreign Affairs Committee Chairman Eliot L. Engel (D-NY), Ways and Means Committee Chairman Richard Neal (D-MA), and House Permanent Select Committee on Intelligence Chairman Adam Schiff (D-CA) released the following statement after the Treasury Department lifted sanctions against companies tied to Russian oligarch Ol... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 56, the Financial Technology Protection Act, bipartisan legislation that would strengthen efforts to deter terrorist and illicit abuses of financial technology. As Prepared for Delivery I’m so pleased that this body will vote on H.R. 56, the Financial Technolo... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following floor statement on H.R. 502, the FIND Trafficking Act, bipartisan legislation which requires the Government Accountability Office (GAO) to study how online marketplaces and virtual currencies are being used for sex and drug trafficking. As Prepared for Delivery Mr. Speaker, I support... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement applauding House passage of H.J. Res. 30, a Resolution of Disapproval to reverse the U.S. Department of the Treasury’s decision to lift sanctions on companies owned by Russian oligarch Oleg Deripaska. “Today the House overwhelmingly passed H.J. Res. 30, a Resolution of D... Read more »
Following her first policy speech as Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), sat down for a brief discussion where she outlined her plans as Chairwoman in the 116th Congress and addressed a wide range of important issues, including consumer protection, affordable housing, diversity and inclusion, working across the aisle, and the racial wealth gap.... Read more »
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 »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding the U.S. Treasury Department’s decision in December to remove sanctions on three Russian companies connected to Russian oligarch Oleg Deripaska: “I am very concerned about the Treasury Department’s actions to lift sanctions on businesses connected to Oleg Derip... Read more »
The chairs of seven committees in the House of Representatives today are calling on the Trump Administration to explain the easing of sanctions on businesses tied to Russian oligarch Oleg Deripaska. In response to a December 19, 2018 notification that the Treasury Department intends to terminate sanctions against three companies tied to Deripaska, the lawmakers wrote Secretary of the Treasury Stev... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following statement at a subcommittee hearing on the effectiveness of international financial institutions with David Malpass, Under Secretary for International Affairs, U.S. Department of the Treasury. As Prepared for Delivery Thank you very much. I’d like to thank Under Secretary Malp... Read more »
Following the release of a September 2018 United Nations (UN) Independent International Fact-Finding Mission on Myanmar report detailing horrific acts of ethnic cleansing and genocide against the Rohingya population, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, sent a letter to Dr. Jim Yong Kim, President of the World Bank Group, expressing conce... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, gave the following floor statement on H.R. 5841, the “Foreign Investment Risk Review Modernization Act of 2018,” a bill to reform and provide additional resources for the Committee on Foreign Investment in the United States (CFIUS). As Prepared for Delivery Mr. Speaker, I yield myself such time ... Read more »
Today, at a Terrorism and Illicit Finance Subcommittee hearing entitled “Illicit Use of Virtual Currency and the Law Enforcement Response,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement: As Prepared for Delivery Thank you for scheduling today’s hearing to examine the illicit uses of virtual currency and the law enforcement r... Read more »
Today, in response to the Trump Administration’s announcement that the United States will withdraw from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement: “President Trump’s announcement today that he is withdrawing the U.S. from the Iran nucl... Read more »
Today, following a series of baffling statements from the Trump Administration regarding its failure to act on the Russia sanctions enacted by Congress in 2017, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, sent a letter to Secretary of the Treasury Steven Mnuchin and Secretary of State Rex Tillerson, demanding answers as to why no action has been taken... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of House Committee on Financial Services, issued the following statement in response to the Trump Administration’s failure to impose sanctions on persons engaging in transactions with the intelligence or defense sectors of the Government of the Russian Federation, pursuant to section 231 of the Countering America’s Adversaries Through Sanct... Read more »
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 »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Dan Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, and Congressman ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following statement at a press conference highlighting House Republicans’ refusal to address Russia’s threat to our democracy and national security: As Prepared for Delivery “Good Afternoon. Beginning in early 2017, I and other Democrats on the Financial Services Committee called upon the Cha... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement in opposition to H.R. 4324, a bill which would undermine the Iran nuclear deal: As Prepared for Delivery H.R. 4324, the Strengthening Oversight of Iran’s Access to Finance Act, would impose a new and unilateral certification requirement on the Administration in order... Read more »
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following floor statement in opposition to H.R. 1638, a bill that would undercut the viability of the Iran nuclear deal: As Prepared for Delivery The legislation before us now, H.R. 1638, the Iranian Leadership Asset Transparency Act, represents what the Republican majority has become very go... Read more »
