News List

Waters Statement on Senate Failure to Renew Terrorism Insurance

| Posted in Press Releases
Tags: TRIA

Upon the news of the U.S. Senate’s failure to reauthorize the critical Terrorism Risk Insurance Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement: "I'm saddened and disappointed that the U.S. Senate was unable to renew the critical Terrorism Risk Insurance Act. The death of TRIA is the direct result of Chairman Hensarling'... Read more »

Waters Calls on Obama to “Rethink” Rental Assistance Demonstration

| Posted in Press Releases
Tags: HUD

The top Democrat on the House Financial Services Committee is calling on President Barack Obama and his administration to “rethink its current strategy for preserving public housing,” raising significant concerns with its current approach. In a Letter to the President, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, expressed concern about the expansion of what has become known... Read more »

Waters Takes Fight Against Wall Street Bailout to the House Floor

| Posted in Press Releases

The top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), today took her opposition to a provision that could bring back an era of Wall Street bailouts to the House floor. In a fiery speech, Waters expressed her concerns with a Wall Street-authored provision that repeals important taxpayer protections against reckless bank activity enacted as part of the Dodd-... Read more »

Waters “Increasingly Optimistic” Wall Street Bailout will be Defeated

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, said today that she is “increasingly optimistic” that her Democratic colleagues will join together to halt a Wall Street-authored provision that repeals important taxpayer protections against reckless bank activity enacted as part of the Dodd-Frank Wall Street Reform Act. The provision was jammed into the... Read more »

Waters Lauds Action to Support Housing Trust Fund

| Posted in Press Releases
Tags: FHFA

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, praised today’s announcement by Federal Housing Finance Agency (FHFA) Director Mel Watt that he will finally fund the Housing Trust Fund, a permanent federal fund that focuses on providing support to states to build, preserve and ultimately increase the supply of affordable rental housing for extremely lo... Read more »

Waters Statement on Potential Wall Street Giveaway in Spending Bill

| Posted in Press Releases

Following reports of the possible inclusion of a provision to roll back key taxpayer protections against derivatives trading in the soon to be released government funding package, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Service Committee, expressed her extreme disappointment with efforts to undermine the Dodd-Frank Act. She released the following statement on the ... Read more »

Waters Statement on Terrorism Risk Insurance Act

| Posted in Press Releases

Today on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, criticized House Republican leadership and committee Chairman Jeb Hensarling (R-TX) for a bad faith negotiation on the renewal of the Terrorism Risk Insurance Act (TRIA). Waters, a strong supporter of TRIA, objected to the troubling process by which unrelated legislation making c... Read more »

Representatives of Greater Los Angeles Fighting to Halt Closure of LA’s HUD Multifamily Field Office

| Posted in Press Releases
Tags: HUD

As Congress works to pass legislation that will continue funding federal agencies for next year, fourteen representatives of the Greater Los Angeles Area have called on House appropriators to use that process to halt the closure of the Department of Housing and Urban Development’s (HUD) Multifamily field office in Los Angeles. In a letter to House appropriators led by Congresswoman Maxine Waters (... Read more »

Waters, Lynch Call on SEC to Preserve States’ Investor Protections

| Posted in Press Releases
Tags: SEC

Two prominent members of the Financial Services Committee, Ranking Member Maxine Waters (D-CA) and Congressman Stephen Lynch (D-MA), are calling on the Securities and Exchange Commission (SEC) to study the North American Securities Administrators Association’s (NASAA) new Coordinated Review program, and not “undermine crucial investor protections by preempting the states’ regulators.” The lawmaker... Read more »

Waters Leads Democratic Caucus in Calling Long-Term Renewal of Terrorism Risk Insurance Program

| Posted in Press Releases
Tags: TRIA

Today, in a press conference at the U.S. Capitol, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, led members of the Democratic caucus in calling for a long-term renewal of the Terrorism Risk Insurance Act, which is set to expire at the end of 2014. The Ranking Member was joined by key members of Democratic House leadership, Leader Nancy Pelosi (D-CA), Whip ... Read more »

Leading House Members Urge Administration to Elevate Financial Stability in Trade Talks with E.U.

| Posted in Press Releases

This week, Democratic leaders of the House Financial Services Committee and the Congressional Progressive Caucus expressed concern that a trade deal currently under negotiation between the U.S. and the European Union could restrict the ability of Congress to enact measures aimed at promoting growth and stability and protecting the rights of consumers. In a letter led by Congresswoman Maxine Waters... Read more »

Waters Statement on Legislation to Renew Housing Assistance for Native Americans and Hawaiians

| Posted in Press Releases
Tags: HUD

Today, as the House of Representatives considered the Native American Housing Assistance and Self-Determination Reauthorization Act of 2014 (H.R. 4329), Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, expressed serious concerns about the legislation, which would reauthorize the Native American Housing Assistance and Self-Determination Act (NAHASDA). Specific... Read more »

Waters: Technical Change to Bankruptcy Code is not Go-Ahead to Undo Dodd-Frank

| Posted in Press Releases

Following the passage of H.R. 5421, the Financial Institution Bankruptcy Act of 2014, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, made clear her position that this technical change to the federal bankruptcy code does not mean we should revisit or fundamentally change the important protections enacted under the Dodd-Frank Wall Street Reform Act. The bill,... Read more »

Waters Urges Hensarling to Meet U.S. Commitments to Multilateral Development Banks

| Posted in Press Releases

U.S. leadership critical to preserving global economic order As the 113th Congress prepares to adjourn, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, is calling on Committee Chairman Jeb Hensarling (R-TX) to take action to affirm U.S. support for international entities that support projects to combat hunger, poverty and inequality in the world’s poorest co... Read more »

Waters Statement on FHA Actuarial Report

| Posted in Press Releases
Tags: FHA

Following today’s release of the Federal Housing Administration’s actuarial report, the Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following remarks: “Today’s announcement makes clear that FHA is on the right track, and is appropriately recovering from its unprecedented work keeping our housing market afloat during the worst economic crisis ... Read more »

DOL Announces Hearing on Proposed Waiver of Sanctions on Credit Suisse

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement in reaction to the announcement that the Department of Labor (DOL) will grant a hearing to examine its proposal to waive sanctions imposed on Credit Suisse. Credit Suisse recently pled guilty for conspiring to aid tax evasion. In October, Waters joined George Miller (D-CA... Read more »

Waters Statement on Terrorist Financing and the Islamic State

| Posted in Press Releases

At today’s Financial Services Committee Hearing focused on Terrorist Financing and the Islamic State, Ranking Members Maxine Waters (D-CA) discussed the seriousness of the threat from ISIL and the challenges to curtailing its current, largely internal funding stream. However, the Ranking Member also underscored importance of strengthening our counter-terrorism and anti-money laundering laws, parti... Read more »

Waters Praises CFPB’s Proposed Federal Protections For Prepaid Products

| Posted in Press Releases
Tags: CFPB

Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, today released the following statement in support of the Consumer Financial Protection Bureau’s (CFPB) newly proposed federal consumer protections for prepaid cards. Waters praised the action, citing an increased reliance on alternatives by the unbanked and underbanked. The Ranking Member also expressed her com... Read more »

Top Democrats Call on SEC to Protect Corporate Whistleblowers

| Posted in Press Releases

Today, eight Democratic members of House Committees on Financial Services and Oversight and Government Reform (OGR) called on the Securities and Exchange Commission (SEC) to send a strong message that corporate practices to deter whistleblowers from reporting violations of securities laws will not be tolerated. In a letter to SEC Chair Mary Jo White, Financial Services Ranking Member Maxine Waters... Read more »

Exporters Fear Credit Crunch

| Posted in In Case You Missed It

A decision by Congress to extend the Export-Import Bank only temporarily is raising concern among business owners who say they rely on the credit agency to lower the risks of exporting. Congress extended the agency’s charter through the middle of next year as part of a compromise between supporters of the agency and those who want to eliminate it. Generally, lawmakers reauthorize the export-credit... Read more »

Waters’ Statement on the President’s Data Security Initiative

| Posted in Press Releases

Following President Obama’s announcement of a new initiative designed to provide consumers with more tools to assist victims of identity theft, improve the government’s payment security, and accelerate the transition to stronger security technologies, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released the following statement of support: “I hope the steps anno... Read more »

Miller, Waters Release Legislation to Renew and Reform Export-Import Bank

| Posted in Press Releases

Today, two key lawmakers on the House Financial Services Committee unveiled a bipartisan discussion draft of legislation to renew and reform the charter of the Export-Import Bank (Ex-Im Bank), an agency that supports hundreds of thousands of jobs and levels the playing field so that American businesses are able to compete successfully in global markets. Rep. Gary Miller (R-CA), Vice Chairman of th... Read more »

Bipartisan Bill to Reauthorize Export-Import Bank Unveiled

| Posted in In Case You Missed It

Two federal lawmakers from California unveiled bipartisan legislation Tuesday to reauthorize the embattled Export-Import Bank for five years, proposing changes to its operations in hopes of addressing concerns of conservative critics. Among the reforms are an enhanced reserve fund to cover losses on loans the bank makes to foreign buyers of U.S. goods, as well as codifying the position of chief ri... Read more »

Senior House Financial Services Members Propose Ex-Im Bill

| Posted in In Case You Missed It

A pair of senior lawmakers are proposing the first bipartisan legislation in the House this year to reauthorize the Export-Import Bank and impose new requirements intended to protect taxpayers. Rep. Maxine Waters of California, the top Democrat on the House Financial Services Committee, and Rep. Gary Miller of California, the panel’s vice chairman, will propose Tuesday extending the bank’s charter... Read more »

Two Lawmakers Propose First House Bipartisan Ex-Im Bill

| Posted in In Case You Missed It

Two senior House lawmakers on Tuesday introduced bipartisan legislation that would provide a five-year reauthorization of the Export-Import Bank. Reps. Gary Miller (R-Calif.), vice chairman of the House Financial Services Committee, and Maxine Waters (D-Calif.), the top Democrat on the panel, teamed up on the House's first bipartisan draft legislation that would provide the bank with a long-term c... Read more »



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