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Today, Congresswoman Maxine Waters (D-CA), the Ranking Member on the House Financial Service Committee, Congresswoman Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, Senators Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Ed Markey (D-MA), Ranking Member of the Senate Small Business and Entrepreneurship…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement during the Democratic hearing exploring Trump’s crypto crimes and the implications of the Republican-led crypto market structure bill. This hearing follows a request from the entire Committee Democratic caucus urging a Minority Day hearing to properly explore…
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Lawmakers call on Fed to turn over Wells Fargo’s exam reports for the last five years and other relevant documents for Congressional review “The Fed’s decision to lift Wells Fargo’s asset cap despite mounting evidence that the firms’ systemic management failures persist is a direct giveaway to Wall Street at consumers’ expense.” Read letter here Today, Congresswoman Maxine…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions Subcommittee hearing entitled, “Framework for the Future: Reviewing Data Privacy in Today’s Financial System.” “Thank you very much. Today, we are considering the important issue of data privacy. However, I…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led all of the Democratic members on the Committee in requesting a follow-up hearing to today’s session exploring the Republican-led crypto market structure bill. This follow-up hearing, known as a “Minority Day Hearing,” would feature a second panel of witnesses, selected by…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” “Thank you very much, Mr. Chairman. I too would like to have productive dialogue. But it’s very…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. In the letter, Congresswoman Waters is requesting a full technical and impact analysis of the CLARITY Act. This request comes ahead of tomorrow’s hearing being held by Committee Republicans to discuss…
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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and U.S. Senators Alex Padilla (D-CA) and Elizabeth Warren (D-MA), the top Democrat of the Senate Banking Committee, led nearly 100 lawmakers in urging Congressional Appropriations leadership to include robust funding for the Emergency Housing Voucher (EHV) program as part of Fiscal Year (FY)…
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Landmark legislation will put an end to Trump’s crypto corruption and protect America’s investors. Bill prohibitions extend to Members of Congress. Waters introduces bill HOURS before Trump’s corrupt memecoin dinner. Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Committee Democrats introduced H.R. 3573, the “Stop Trading,…
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On Wednesday, Republicans on the Rules Committee held a hearing in the middle of the night – all in the hopes that the American people would be asleep – to rush through their unpopular GOP Tax Scam bill that aims to give a massive tax break to the top 1%. Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, took to the House Floor to blast S.J. Res. 13, which is a Continuing Resolution Act that would overturn the OCC’s 2024 rule aimed at improving the bank merger application review process. “I’m so pleased that Mr. Barr from Kentucky referred to me because the big banks hate me and they…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee markup. “Thank you very much, Mr. Chairman. Good morning, everyone. Since the last time this full Committee convened, economic conditions for our nation’s consumers and investors have grown even worse. And this is…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee and Congresswoman Ann Wagner (R-MO), announced introduction of H.R. 3422, the “Promoting Opportunities for Non-Traditional Capital Formation Act.” The bill would require the Securities and Exchange Commission’s (SEC) Office of the Advocate for Small Business Capital Formation to better…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in response to a federal court’s ruling temporarily blocking President Donald Trump’s March 4th Executive Order (EO) aimed at reducing the Minority Business Development Agency (MBDA) federal workforce and eliminating the agency altogether. The…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Congressman Sean Casten (D-IL), Vice Ranking Member of the Committee, and 39 other Members sent a letter to the Chief Executive Officers of leading U.S. financial institutions, including Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, Northern…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Financial Institutions Subcommittee hearing entitled, “Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation.” As Prepared for Delivery “Good afternoon. “Republicans want faster bank mergers, which will…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “Expanding Choice and Increasing Supply: Housing Innovation in America.” “Thank you very much, Mr. Chairman. “Families across America are reeling from a growing housing and…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, House Democratic Leader Hakeem Jeffries (D-NY), Senate Democratic Leader Chuck Schumer (D-NY), and Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Banking Committee, led 233 current and former Members of Congress, including the entire Senate Democratic caucus, in filing…
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This week, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, led Committee Democrats including Representatives Brad Sherman (D-CA), Stephen Lynch (D-MA), Bill Foster (D-IL), Sean Casten (D-IL), and Sylvia Garcia (D-TX), in blocking a joint crypto hearing held by Republicans on the Financial Services and Agriculture Committee…
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Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Congressman Emanuel Cleaver II (D-MO), Ranking Member on the Housing and Insurance Subcommittee, sent a letter to the U.S. House Appropriations Committee requesting critical funding to support Americans living in rural communities. In the letter, the lawmakers underscore the urgent need for…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a full Committee hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” “Thank you, Mr. Chairman. “Since the very first day of the Trump Administration,…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released a statement in response to Trump’s Fiscal Year 2026 budget proposal, which calls for shocking cuts to critical federal housing programs. The proposal would cut funding for the U.S. Department of Housing and Urban Development, by $26 billion and effectively end housing assistance…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, blocked the originally scheduled Financial Services and Agriculture Committee joint committee hearing following Chairman Hill’s refusal to include provisions in legislation blocking President Donald Trump from further enriching himself with crypto. In response, Waters convened a separate…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued the following statement in advance of her planned objection to the upcoming joint Financial Services and Agriculture Digital Assets Subcommittee hearing on cryptocurrency. Because this is a joint hearing, the unanimous consent of all Subcommittee Members is required for the…
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Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, issued this statement in response to the decision by the Government Accountability Office (GAO) and the Inspector General for the Federal Reserve, which also serves as the Inspector General for the Consumer Financial Protection Bureau (CFPB), to investigate the unlawful shutdown of the…
