COVID-19

Waters to Kraninger: Your Actions Are a Betrayal of Consumers

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “Protecting Consumers During the Pandemic? An Examination of the Consumer Financial Protection Bureau.” As Prepared for Delivery I would like to welcome Director Kraninger to what I hope will be her last appearance before thi... Read more »

Waters to Senate Republicans: How Dare You!

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement regarding the potential inclusion of legislation to weaken capital requirements for big banks in Senate Republicans’ HEALS Act: “Senate Republicans have been asleep at the wheel for months while this crisis continued to balloon in scale. Now, they have put forth half-bak... Read more »

Waters Again Sounds Alarm on Need to Prevent Evictions; Calls Senate Republican HEALS Act a ‘Slap in the Face’ to Struggling Families

| Posted in Press Releases
Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, gave the following remarks at a virtual press conference on the impending eviction crisis brought on by COVID-19 and the Republican Senate’s failure to act. I am very pleased that you invited me to be a part of this press conference today. This is extraordinarily important. I’m pleased to be here today... Read more »

Waters Blasts Senate Inaction on Eviction Moratorium; Continues Fighting to Pass Legislation to Extend Rental Assistance

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement regarding the expiration of the federal eviction moratorium: “This weekend, the federal eviction moratorium put in place by Congress in the CARES Act expired. The expiration occurred due to the cruel indifference of Mitch McConnell and Senate Republicans, who for months ref... Read more »

Waters at Hearing on Need for Senate to Pass Heroes Act: Families Are Again Suffering Through No Fault of Their Own; We Must Not Leave Them Behind

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19.” 69 days ago, the House passed the Heroes Act to provide the relief to families that is so badly needed in the midst of this ongoing pandemic crisis. Si... Read more »

Ahead of Hearing on Urgently Needed Coronavirus Relief, Waters Denies Ranking Member Request to Cancel Hearing, Highlights Bipartisan Efforts to Help Americans

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Tags: COVID-19

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services sent a letter to Ranking Member Patrick McHenry (R-NC) rejecting his request to reconsider convening a Full Committee hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19,” and reasserting the urgent need to provide relief to the millions of suffering Americans amid the ... Read more »

Chairwoman Waters Announces July Hearing Schedule

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following virtual hearings in the month of July: July 7 at 12:00 PM - The Subcommittee on National Security, International Development and Monetary Policy will convene for a hearing entitled, “Paycheck Security: Economic Perspectives on Alternative Approaches to Protecting Workers’ Pay... Read more »

Waters Floor Statement on Moving Forward Act

| Posted in Press Releases

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... Read more »

Waters at Hearing with Powell and Mnuchin on Pandemic Response: We Cannot Endure Another Unequal Crisis or Unequal Recovery

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at a full Committee hearing entitled, “Oversight of the Treasury Department's and Federal Reserve's Pandemic Response.” Secretary Mnuchin, Chair Powell, welcome back. The pandemic continues to have a terrible impact. More than 126,000 people have lost their lives... Read more »

House Infrastructure Package Contains Chairwoman Waters’ Housing Infrastructure Bill

| Posted in Press Releases

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... Read more »

Waters and Heck Op-Ed: America Needs Emergency Rental Assistance Now

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Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Denny Heck (D-WA), released an op-ed on the need for emergency rental assistance during the pandemic crisis. See the full piece on Medium or below. America Needs Emergency Rental Assistance Now By Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, ... Read more »

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

| Posted in Press Releases

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... Read more »

Waters Announces Addition to the June Committee Calendar

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following addition to the June Committee calendar: June 30 at 12:30 PM: The full Committee will hold a hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” This hearing will convene in a “hybrid” format, which provides for remote Member pa... Read more »

Waters, Neal, and Velázquez Reiterate Demand for Full PPP Transparency

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Today, Financial Services Committee Chairwoman Maxine Waters (D-CA), Ways and Means Committee Chairman Richard E. Neal (D-MA), and Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Department of Treasury (Treasury) and the Small Business Administration (SBA) announced they would disclose certain information regarding Paycheck Protection Program ... Read more »

Waters at Hearing with Fed Chair: Communities of Color Suffering Disproportionately During Pandemic Crisis

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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following opening statement at today’s hearing, “Monetary Policy and the State of the Economy.” Chair Powell, the law that required the Federal Reserve Chair to testify before Congress twice each year was established in 1978. However, no Fed Chair has ever testified before this Committee wi... Read more »

Following the Trump Administration’s Refusal to Release Names of PPP Loan Recipients, Waters, Neal, and Velázquez Demand Transparency: “Taxpayers Have a Right to Know How Their Money Was Spent”

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On the heels of the Trump Administration’s decision not to release the names of companies that received funding through the Paycheck Protection Program (PPP), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Richard E. Neal (D-MA), Chairman of the House Committee on Ways and Means, and Congresswoman Nydia M. Velázquez (D-NY), Chairwoman of th... Read more »

As Americans Continue to Struggle to Pay Rent During Pandemic Crisis, Waters and Heck Continues to Push for Emergency Rental Assistance

| Posted in Press Releases
Tags: COVID-19

Following the release of data on the number of American renters who were unable to pay rent for the month of June, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Denny Heck (D-WA) issued the following statement. “It is very clear that Congress must take immediate action to prevent an impending eviction crisis. Analysis released by Apart... Read more »

Waters Blasts Acting Comptroller Brooks’ Letter Pressuring State and Local Governments to End Measures to Combat COVID-19

| Posted in Press Releases
Tags: OCC, COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, made the following statement regarding a letter that Acting Comptroller of the Currency Brian Brooks sent to the National League of Cities, the U.S. Conference of Mayors, and the National Association of Governors regarding efforts to combat COVID-19. “With this inappropriate letter pressuring city a... Read more »

Waters Statement on OCC Rule on Interest on Transferred Loans

| Posted in Press Releases
Tags: OCC, COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement regarding the Office of the Comptroller’s issuance of a final rule on interest rates on transferred loans: “It is shameful that on his first day on the job, new Acting Comptroller Brian Brooks is already following in Comptroller Otting’s footsteps in working to undermi... Read more »

Waters Statement on Treasury and SBA Setting Aside $10 Billion for CDFIs for Paycheck Protection Program

| Posted in Press Releases
Tags: COVID-19

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, made the following statement regarding the U.S. Department of the Treasury’s and Small Business Administration’s (SBA) announcement that it is setting aside $10 billion in Paycheck Protection Program (PPP) funds to be distributed by Community Development Financial Institutions (CDFIs). “I am very pleas... Read more »

Committee Holds Bipartisan Virtual Roundtable with Cybersecurity Experts

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Today, the Subcommittee on National Security, International Development, and Monetary Policy held a virtual roundtable with cybersecurity experts entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis." The virtual roundtable panelists included: Mr. Tom Kellermann, Head of Cybersecurity Strategy, VMware Mr. Guillermo Christensen, Partner, Data Security and Privacy Pra... Read more »

Committee to Hold Bipartisan Virtual Roundtable with CyberSecurity Experts

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 28, the Subcommittee on National Security, International Development and Monetary Policy Chairman Emanuel Cleaver (D-MO) and Ranking Member French Hill (R-AR) will host a virtual roundtable entitled, “Understanding the Cyber Threats and Actors Exploiting the COVID-19 Crisis,” with... Read more »

Committee Holds Bipartisan Virtual Roundtable on Impact of COVID-19 on Capital Markets

| Posted in Press Releases

Today the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets held a virtual roundtable with capital market experts entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets." The virtual roundtable panelists included: Christopher Gerold, President, North American Securities Administrators Association and Bureau Chief of the New Jersey Bureau of Secur... Read more »

Committee to Hold Bipartisan Virtual Roundtable on Impact of COVID-19 on Capital Markets

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced that today, May 26, Subcommittee on Investor Protection and Capital Markets Chairman Brad Sherman (D-CA) and Ranking Member Bill Huizenga (R-MI) will host a virtual roundtable entitled, “Examining the Impacts of the COVID-19 Pandemic on U.S. Capital Markets,” with the following panelists: Christo... Read more »

Committee Holds Bipartisan Virtual Roundtable on Impact of COVID-19 on Housing Markets

| Posted in Press Releases
Tags: COVID-19

Yesterday, the Subcommittee on Housing, Community Development, and Insurance Subcommittee held a virtual roundtable entitled, “Reviewing the Impact of the COVID-19 Pandemic on U.S. Housing Markets.” The panelists for the virtual roundtable included: Diane Yentel, President and CEO, National Low Income Housing Coalition Kristy W. Fercho, Vice Chairman, Mortgage Bankers Association Jenny Schuetz, Me... Read more »



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