The U.S. Export-Import Bank opens up international markets to U.S. businesses by financing and insuring the sale of U.S. exports when private sector financing is prohibitively expensive or not available. It supports hundreds of thousands of jobs at no cost to the taxpayer...
Waters: H.R. 3189 Puts Monetary Policy on 'Auto Pilot'
November 19, 2015
During floor consideration of H.R. 3189, the so-called FORM Act, Congresswoman Maxine Waters (D-CA), Ranking Member of Financial Services Committee, urged rejection of the bill, which seeks to hamstring the Federal Reserve’s ability respond to variable market conditions, limit its independence, and undercut its efforts to fulfill its dual mandate. H.R. 3189 also adds an additional layer of bureaucracy to monetary policy making, establishing a Monetary Policy Commission that would review and make... More
Waters: Consumer Protection Should Be Congress’ Top Priority
November 18, 2015
During general debate on the Portfolio Lending and Mortgage Access Act, H.R. 1210, on the House floor today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, led opposition to the measure, which would allow the largest banks in the country to make the sorts of predatory and risky loans that left the American economy on the brink of collapse. The top Democrat went on to underscore the most harmful aspects of H.R. 1210, as it would scale back the ability-t... More
Waters Denounces Efforts to Undermine Auto-Lending Protections for Minorities
November 18, 2015
Delivering remarks on the House floor in opposition to H.R. 1737 today, Congresswoman Maxine Waters (D-CA), Ranking Member of Committee on Financial Services, denounced efforts to undermine policies to root out longstanding discriminatory lending practices in auto financing. Waters specifically pointed to the consequences of the bill, which would nullify critical guidance to prevent auto-lending discrimination and leave minority buyers exposed to undisclosed mark-ups and higher interest rates. S... More
Waters Lauds Rebound in FHA Backstop Funds
November 17, 2015
Following the release of the results of the most recent independent actuarial analysis, which indicate that the Mutual Mortgage Insurance Fund (MMIF) has reached its Congressionally mandated capital reserve ratio, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, applauded FHA’s efforts to both strengthen the MMIF and expand access to homeownership for low-to-moderate income working families in the wake of the worst financial crisis in a generation. In pa... More
In Response to GOP 50th Anniversary Ideas Solicitation, Waters Outlines Approaches for Addressing Poverty and Housing Affordability
November 10, 2015
In response to a solicitation by House Financial Services Committee Chairman Jeb Hensarling (R-TX) for the public to offer ideas on alleviating poverty and housing affordability in light of the Department of Housing and Urban Development’s (HUD) 50th anniversary, Ranking Member Maxine Waters (D-CA), outlined a number of existing, proven approaches that already are helping to improve HUD’s efforts to provide the nation’s most vulnerable with housing that is safe, decent and affordable. In the let... More