Waters Statement on FY19 Financial Services Funding Bill
Washington, DC, June 14, 2018
Today, in response to the House Committee on Appropriations markup of the fiscal year 2019 Financial Services and General Government Appropriations bill, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement:
“The Trump Administration and Congressional Republicans are shameless in their attempts to rollback consumer protections and this bill is yet another attempt to undermine Wall Street reform and dismantle the Consumer Financial Protection Bureau.
In addition to provisions concerning the Consumer Financial Protection Bureau, the fiscal year 2019 Financial Services and General Government Appropriations bill repackages some of the harmful provisions from Financial Services Committee Chairman Jeb Hensarling’s Wrong Choice Act and undermines Democratic efforts to hold megabanks accountable, prevent systemic risk and protect our nation’s consumers.