Press Releases

Committee Democrats Working Around the Clock to Combat COVID-19

Washington, DC, May 8, 2020

Lawmakers may not be on Capitol Hill due to the COVID-19 pandemic, but Financial Services Committee Democratic Members are working around the clock to protect families, small businesses, and the economy.

To date, Committee Democrats have sent more than 148 letters, introduced 50 legislative measures, and hosted over 61 stakeholder discussions to examine and address the impact of COVID-19.

The Financial Services Committee has convened 8 bipartisan Member briefings and 8 bipartisan staff briefings with financial regulators, Administration officials, advocates and other stakeholders.

Additionally, Committee Democrats, led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released a comprehensive plan in March 2020 to protect consumers, renters, homeowners, and people experiencing homelessness; assist small businesses and community financial institutions; support state, territory, and local governments; promote financial stability and transparent markets; and conduct pandemic planning and guidance efforts for consumers and regulators.

Numerous provisions from Committee Democrats’ plan were included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that Congress passed into law on March 27, 2020 to provide much-needed relief to those who are impacted.

Democratic Members of the House Financial Services Committee continue to contribute to the ongoing response to the coronavirus crisis.

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