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 capital inc... Read more »
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... Read more »
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 Financial Services... Read more »
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 Subcommittee on N... Read more »
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... Read more »
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 reauthorizat... Read more »
Today, the U.S. House of Representatives passed H.R. 4863, The United States Export Finance Agency Act of 2019, legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, to reauthorize and improve the Export-Import (EXIM) Bank which supports American workers, businesses and the economy. It was passed by a vote of 235-184. H.R. 4863, The Uni... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, delivered the following floor statement on H.R. 4863, the United States Export Finance Agency Act of 2019, a bill she introduced to reauthorize and improve the Export-Import (EXIM) Bank, which supports American workers, businesses and the economy. As Prepared for Delivery Mr. Chairman, I rise in strong... Read more »
Today at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement: As Prepared for Delivery In 1993 and 1994, I sat on the international subcommitte... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several Committee hearings for the month of November: November 13 at 10:00 AM: The Subcommittee on National Security, International Development, and Monetary Policy will convene for a hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions.” Novemb... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after the Congressional delegation she led to Europe and the Middle East concluded its trip. Congressman Michael San Nicolas (D-GU), Vice Chair of the House Financial Services Committee, Congresswoman Sylvia Garcia (D-TX), and Congressman Lance Gooden (R-TX), joined the d... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after a bipartisan Congressional delegation to Europe and the Middle East that she is leading concluded with a visit to Qatar. “Today, my colleagues and I depart Doha, Qatar, after meeting with the Minister of Finance, the Governor of the Qatar Central Bank, and the CEO o... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after a bipartisan Congressional delegation that she is leading concluded its visit to Cyprus. “I have long been concerned by the deficiencies both domestically and abroad in safeguarding the financial system from money laundering and other forms of illicit finance. This ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement after a bipartisan Congressional delegation that she is leading concluded its visit to Germany. “Since the beginning of this Congress, the Financial Services Committee has taken a close look at the U.S. sanctions regime and efforts to combat terrorism and illicit financin... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, issued the following statement regarding the delegation she is leading to Europe and the Middle East during the Congressional recess. “Last month, the House Financial Services Committee held a hearing to examine Facebook’s proposed cryptocurrency, Libra, and its impact on consumers, investors, national... Read more »
On Thursday, an amendment to the National Defense Authorization Act for Fiscal Year 2020 offered by Congressman Brad Sherman (D-CA) and cosponsored by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services, passed the U.S. House of Representatives. The Sherman-Waters amendment would prohibit U.S. persons from trading in new Russian sovereign debt within 90 days of enactment... Read more »
Today, at a full Committee hearing entitled, “Promoting American Jobs: Reauthorization of the U.S. Export-Import Bank,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Today this Committee convenes for a hearing to discuss the revival and long-term reauthorization of the Export-Import Bank (... Read more »
Following today’s ruling by the U.S. District Court for the Southern District of New York to uphold Congressional authority to access the President’s financial records, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Adam Schiff (D-CA), Chairman of the House Intelligence Committee, released the following statement: “We are pleased with Judg... Read more »
Today, the U.S. House of Representatives passed four bills that were offered by House Financial Services Committee Members, including H.R. 2578, the National Flood Insurance Program Extension Act of 2019, bipartisan legislation introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Patrick McHenry (R-NC), Ranking Member of the House ... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following statement at a full Committee markup to consider six bills and two resolutions. As Prepared for Delivery Today this Committee convenes for a markup of six bills and resolutions creating two taskforces. As I have said before, under my leadership, it’s a new day and a new way for this ... Read more »
Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, and Representative Eliot L. Engel, Chairman of the House Committee on Foreign Affairs, have taken the Trump Administration to task for its failure to produce a report that is now four months past a statutory deadline detailing actions to crack down on human-rights abusers in Russia. In a letter to Secretary of S... Read more »
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Steven Mnuchin, Secretary of the U.S. Department of Treasury, expressing her concerns about a recent report that the Trump administration accepted, and possibly paid, a “medical bill” or ransom demand from the North Korean government related to American student and hostage Otto Warmbie... Read more »
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 »
