Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced an overview of the Committee’s fall 2019 priorities and highlighted the Committee’s efforts in the 116th Congress to work on behalf of consumers, investors, and vulnerable families.
Fall 2019 Priorities
This fall, the Committee will continue its work to ensure fairness, competition, and transparency by holding hearings on:
- examining the state of minority depository institutions;
- reviewing stock buybacks; and
- analyzing innovations in loan instruments.
The Committee will also continue to provide strong oversight by:
- conducting an ongoing review of Facebook’s proposed cryptocurrency and digital wallet; and
- receiving testimony from and questioning top government officials and regulators such as Treasury Secretary Mnuchin, CFPB Director Kraninger, FHFA Director Calabria, and Federal Reserve Vice Chairman Quarles.
The Committee will ensure no one is left behind and work to protect all Americans by:
- examining the Terrorism Risk Insurance Program;
- analyzing efforts to improve diversity in workforce recruitment, hiring, retention, and promotion; and
- increasing access to homeownership by improving the Federal Housing Administration and reviewing housing finance reform.
Finally, through its two task forces, the Committee will continue to encourage and regulate innovation by:
- exploring data privacy;
- examining the use of artificial intelligence in financial services; and
- reviewing the evolution of payments and cash.
January-August in Review
Under Democratic leadership, the House Financial Services Committee has achieved results, passed legislation and worked on behalf of American families. In the 116th Congress:
- 105 legislative measures have been introduced by Committee Democrats.
- 78 financial services bills have been considered in legislative hearings.
- 64 financial services bills, introduced by Committee Members, have passed in Committee or the House.
- 40 financial services bills have been marked up in Committee.
- 24 financial services bills have passed the House.
- 15 financial services bills, introduced by freshman Democrats, passed in Committee or the House.
- 13 financial services industry CEOs were held accountable by the Committee.
- 2 financial services bills were enacted into law.
Additionally, the House Financial Services Committee has held 44 hearings to discuss issues important to hardworking Americans, including:
- Access to Banking for Cannabis Related Businesses
- Holding Financial Institutions and Regulators Accountable
- Monetary Policy and the Economy
- Increasing Diversity and Inclusion throughout the Financial Services Sector
- Protecting the Consumer Financial Protection Bureau
- Reauthorizing the National Flood Insurance Program
- Detecting and Deterring Financial Crime
- Putting Investors First
- Disaster Recovery Funding
- Upholding the Fair Housing Act
- Reviewing the Housing Crisis in Rural America
- The Community Reinvestment Act
- Infrastructure Needs of America’s Housing Stock
- Discrimination in the Automobile Loan and Insurance Industries
- The State of and Barriers to Minority Homeownership
- Strengthening the Rights and Protections for Workers
- Sanctions in Addressing National Security and Foreign Policy
- The State of the International Financial System
- Reauthorizing EXIM
- Systemic Threats of Leveraged Lending
- The Impact of Trade Policies on the Economy
- Fintech and Artificial Intelligence
- Improving Environmental, Social and Governance Disclosures
- Examining Facebook’s Proposed Cryptocurrency
- Examining the Merger of SunTrust and BB&T
Committee activities for fall 2019 are subject to change and will be finalized once an official notice is issued by the House Financial Services Committee.
Unless otherwise noted, hearings and markups will take place in 2128 Rayburn House Office Building and will be broadcast live on https://financialservices.house.gov/live/.
Visit https://financialservices.house.gov/calendar/ for the most up-to-date Committee schedule.