International

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  • Waters Pushes for Greater Anti-Money Laundering Oversight
    Posted in Press Releases on April 27, 2017 | Preview rr
    Tags: Money Laundering, International, Subcommittee on Terrorism and Illicit Finance

    Today, at a Terrorism and Illicit Finance hearing entitled “Safeguarding the Financial System from Terrorist Financing,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered the following statement: As Prepared for Delivery Thank you, Mr. Chairman. One of the key issues this subcommittee will be looking at is the adequacy of current information-sharing authorities and the degree to which they strike the right balance between security and civil libe... Read more

  • Waters Introduces Bill to Prohibit Trump from Exempting Big Oil from Russia Sanctions
    Posted in Press Releases on April 26, 2017 | Preview rr
    Tags: International

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, joined by lead cosponsors Congresswoman Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, and Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illicit Finance, introduced the “No Russia Exemptions for Oil Production Act” (the No REX Act), which prohibits the Trump Administration from providing special licenses to companies to engage in ... Read more

  • Waters Pushes for Strong U.S. Leadership Position at the World Bank
    Posted in Press Releases on March 22, 2017 | Preview rr
    Tags: Full Committee, Subcommittee on Monetary Policy & Trade, International

    Today, at a Monetary Policy and Trade Subcommittee entitled “Examining Results and Accountability at the World Bank,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you. I would like to welcome our witnesses here today to discuss one of the very important issues within our jurisdiction, which is oversight of U.S. participation in the multilateral development banks (MDBs), including th... Read more

  • Waters Opening Statement at Markup of Capital Markets Bills
    Posted in Press Releases on March 9, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, SEC, Flood Insurance, Markup, International

    Today, at a full Committee markup of six legislative proposals relating to our nation’s capital markets, Representative Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, gave the following opening statement: As Prepared for Delivery Thank you, Mr. Chairman. Today, we will consider a set of legislative proposals designed to improve our nation’s capital markets, which continue to be the envy of the world. One important and long-overdue bill we will consider will provide ... Read more

  • Committee Ranking Members to Chairmen: Investigate Flynn and Trump’s Ties to Russia
    Posted in Press Releases on February 15, 2017 | Preview rr
    Tags: Full Committee, International

    In a letter to Chairman Hensarling, Subcommittee Chairman Pearce, Subcommittee Chairman Barr, Subcommittee Chairman Huizenga, Subcommittee Chairman Luetkemeyer, Subcommittee Chairman Duffy, and Subcommittee Chairman Wager, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, Congressman Daniel Kildee (D-MI), Vice Ranking Member of the Committee on Financial Services, Congressman Ed Perlmutter (D-CO), Ranking Member of the Subcommittee on Terrorism and Illici... Read more

  • Waters Strongly Opposes Republican Effort to Reduce Transparency and Increase Corruption
    Posted in Press Releases on February 1, 2017 | Preview rr
    Tags: International

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke strongly against H.J. Res. 41, a Congressional Review Act resolution designed to roll back important anti-corruption rules. H.J. Res. 41 would repeal Section 1504 of Dodd-Frank, which requires oil, gas, and mining companies to publicly disclose payments made to foreign governments for access to their natural resources. This disclosure helps fight corruption in the extractive industries sector,... Read more

  • Rex Tillerson and the Repeal of Section 1504
    Posted in Press Releases on January 30, 2017 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, International

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, released a statement following the introduction of Rep. Bill Huizenga’s (R-MI) resolution to repeal Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank): Today, the compulsive Republican Party took the first step in repealing the hard work of Democrats to make companies more accountable to American taxpayers. Section 1504 of Dodd-Frank was specifically designed t... Read more

  • Waters Applauds US-EU Covered Agreement
    Posted in Press Releases on January 13, 2017 | Preview rr
    Tags: International

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement today in response to an announcement from the U.S. Treasury Department that representatives from the United States and European Union successfully reached an agreement on international insurance and reinsurance rules, resulting in a covered agreement, as established by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act): “Thanks to the Dodd... Read more

  • Waters Opposes Bill to Undermine Iran Nuclear Deal, Warns of Global Risks Under Trump
    Posted in Press Releases on November 17, 2016 | Preview rr
    Tags: Export-Import Bank, Department of the Treasury, International

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, spoke on the House floor opposing H.R. 5711, a bill that would undermine the Iran nuclear deal, thereby jeopardizing both U.S. and global security. “I am particularly concerned that this bill comes at a time of deep global uncertainty about U.S. foreign policy," Waters said. "We have a President-elect whose talk on foreign policy has ranged from vague and contradictory in some areas to utterly incoherent e... Read more

  • On House Floor, Waters Warns that Iran Reporting Bill Could Destabilize Nuclear Deal
    Posted in Press Releases on September 21, 2016 | Preview rr
    Tags: Money Laundering, House Floor, International, Speeches and Committee Statements

    Delivering remarks on the House floor in opposition to H.R. 5461 today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, denounced the “Iranian Leadership Asset Transparency Act” as an attempt to threaten the viability of the Iran nuclear deal. In her remarks, Waters noted that this bill is the “latest in a series of Republican efforts aimed at undermining the landmark nuclear agreement reached last year by Iran and the world’s six major powers.” For exa... Read more

  • Waters: Republicans Pass Reckless Iran Financing Bill, Leave Important Issues on the Table
    Posted in Press Releases on July 14, 2016 | Preview rr
    Tags: International, Speeches and Committee Statements

    As the House considered H.R. 4992, the so-called “United States Financial System Protection Act,” Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, called out Republicans for rushing a harmful bill to the floor on the last day of session as part of their “reckless and politically driven ‘Iran week’ agenda.” In floor remarks opposing the bill, Waters noted that it would violate the Iran nuclear deal by reapplying secondary sanctions that had been lifted as... Read more

  • At Markup, Waters Opposes GOP Efforts to Undermine Iran Nuclear Deal
    Posted in Press Releases on July 13, 2016 | Preview rr
    Tags: Export-Import Bank, International, Speeches and Committee Statements

    In opening remarks during a Financial Services Committee markup today, Congresswoman Maxine Waters (D-CA), the Committee’s Ranking Member, expressed concern with legislation that would violate or undermine the U.S.’s commitments under the Iran nuclear deal. “We are considering two pieces of legislation today that would have serious consequences for our ability to uphold the Iran nuclear deal and a third bill which reflects the latest in a long string of baseless and politically motivated attacks... Read more

  • Waters, Moore Urge World Bank to Adopt International Labor Standards
    Posted in Press Releases on June 27, 2016 | Preview rr
    Tags: Department of the Treasury, International

    As a massive overhaul of the World Bank’s long-standing social and environmental safeguard policies moves to its final stage, two leading House members on international development issues expressed concern over the Bank’s proposed safeguards on worker rights. In a letter to Treasury Secretary Jacob J. Lew, Reps. Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, and Gwen Moore (D-WI), Ranking Member of the Subcommittee on Monetary Policy and Trade, said they were con... Read more

  • Waters Opening Statement at Full Committee Hearing on the State of the International Financial System
    Posted in Press Releases on March 22, 2016 | Preview rr
    Tags: Department of the Treasury, International, Speeches and Committee Statements

    At today’s Financial Services Committee hearing with Treasury Secretary Jack Lew, Ranking Member Maxine Waters (D-CA) lauded the efforts of U.S. Treasury officials and Democratic congressional leaders on the recent ratification of the International Monetary Fund (IMF) quota reform package, after a 5-year delay due to Republican obstruction. Waters delivered these remarks during today’s hearing on “The State of the International Financial System.” Thank you, Mr. Chairman. I would like to thank Se... Read more

  • Waters Delivers 218th Signature in Historic Effort to Renew Ex-Im
    Posted in Press Releases on October 9, 2015 | Preview rr
    Tags: Export-Import Bank, International

    As a majority of the House of Representatives, Democrats and Republicans, came together today to gather enough signatures on a discharge petition to force a vote on the reauthorization of the Export-Import Bank, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, provided the 218th signature required by House rules to move the historic process forward. The discharge process has only been used five times in U.S. history successfully, and Waters’ signature re... Read more

  • Waters: GOP Inaction Damaging U.S. Competitiveness
    Posted in Press Releases on September 24, 2015 | Preview rr
    Tags: Export-Import Bank, International

    In response to G.E.’s second major announcement in the past two weeks that it will expand its operations in Europe where export credit financing is made readily available, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement: “I am disappointed that as another day has passed without action from House Republican Leadership to revive the Export-Import Bank, more American jobs will be lost to countries that have well-functioning... Read more

  • Waters to Republicans: Stop Handing Victories to Foreign Competitors; Bring Ex-Im Up for A Vote
    Posted in Press Releases on September 15, 2015 | Preview rr
    Tags: Export-Import Bank, International

    In response to General Electric’s announcement of relocation of its production and jobs to France, Hungary, and China in the wake of the expiration of the Export-Import Bank’s charter, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, underscored the negative impacts of Republican’s obstruction on communities across the nation. The ranking Democrat went on to urge Republicans in leadership to bring Ex-Im reauthorization legislation up for a vote before th... Read more

  • GE to shift 500 US jobs overseas due to ExIm Bank closure
    Posted in In Case You Missed It on September 15, 2015 | Preview rr
    Tags: Export-Import Bank, International

    General Electric has reignited a political debate over America’s global competitiveness and the future of its Export-Import Bank by announcing it is shifting 500 manufacturing jobs out of the US to countries that provide export finance. US business has been fighting for more than a year to save the ExIm Bank, the government-backed trade finance agency, which lost its ability to extend new loans on July 1 amid opposition from conservative Republicans. Top chief executives including Jeffrey Immelt... Read more

  • Waters: Rejection of Nuclear Deal will Quicken Iranian March to Nuclear Bomb and Undermine U.S. Global Credibility
    Posted in Press Releases on September 11, 2015 | Preview rr
    Tags: International

    During floor debate on H.R. 3461, a resolution to approve the Joint Comprehensive Plan of Action, the deal struck between Iran and six world powers in July, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, led several Democrats in expressing their support for the deal on the House floor. Waters remarks also emphasized growing support for the deal and touted it as the best alternative to any potential military action in Iran. She delivered the following r... Read more

  • House Democratic Leaders Urge USTR to Allow Capital Controls in TPP Negotiations
    Posted in Press Releases on July 20, 2015 | Preview rr
    Tags: International

    Leading House Democrats today sent a letter urging United States Trade Representative (USTR) Michael Froman to negotiate provisions in the upcoming Trans-Pacific Partnership (TPP) trade agreement that provide governments the flexibility to help protect and strengthen the stability of their financial systems by implementing measures that would stem flows of speculative capital. The letter, led by House Ways and Means Committee Ranking Member Sander M. Levin (D-MI) and House Financial Services Com... Read more

  • Democratic Lawmakers Urge IMF to Revisit Jamaica’s Economic Program
    Posted in Press Releases on July 15, 2015 | Preview rr
    Tags: International

    Five leading Democratic lawmakers today called on President Obama to urge the International Monetary Fund (IMF) to revisit the terms of Jamaica’s current economic program, which to date has been characterized by continued low growth, a decline in social indicators, high unemployment and threats to social cohesion. The House lawmakers did so in a letter led by Congresswoman Maxine Waters (D-CA), the Ranking Member of the House Financial Services Committee, which has jurisdiction over U.S. partici... Read more

  • Waters Urges President Obama to Keep U.S. Financial Reforms Out of TPP
    Posted in Press Releases on June 5, 2015 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, International

    As the White House intensifies its push for Trade Promotion Authority from Congress so it can conclude talks on the 12-nation Trans-Pacific Partnership (TPP), yesterday Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, expressed concern that the TPP could undermine essential financial reforms, including those passed as part of the Dodd-Frank Wall Street Reform Act. In a letter sent to President Obama, the senior Democrat underscored the limitations and inter... Read more

  • Waters: Consequences of Failing to Approve IMF Quota Reform Package are Serious
    Posted in Press Releases on March 17, 2015 | Preview rr
    Tags: Full Committee, Department of the Treasury, International, Speeches and Committee Statements

    At today’s Financial Services Committee hearing with Treasury Secretary Jack Lew, Ranking Member Maxine Waters (D-CA) continued to express her disappointment with the Republican refusal to ratify the International Monetary Fund (IMF) quota reform package. In her remarks, Waters underscored the importance of approving the package, and laid out the harmful impact delaying these reforms will have on global stability. Waters delivered these remarks during today’s hearing on “The State of the Interna... Read more

  • Shelby hints he's open to renewing Ex-Im
    Posted in In Case You Missed It on January 29, 2015 | Preview rr
    Tags: Export-Import Bank, International

    Senate Banking Committee Chairman Richard Shelby (R-Ala.) signaled Thursday that he's willing to support reauthorizing the Export-Import (Ex-Im) Bank, as long as it is reformed to help small businesses. "I have problems with the status quo, but I've supported Ex-Im before," Shelby told reporters. Congress must reauthorize Ex-Im by the end of June, or it shuts down. Shelby said he'll have hearings on the bank's reauthorization and that he wants to see it reformed, so it isn't just "one or two or ... Read more

  • Leading House Members Urge Administration to Elevate Financial Stability in Trade Talks with E.U.
    Posted in Press Releases on December 3, 2014 | Preview rr
    Tags: Department of the Treasury, TTIP, International

    This week, Democratic leaders of the House Financial Services Committee and the Congressional Progressive Caucus expressed concern that a trade deal currently under negotiation between the U.S. and the European Union could restrict the ability of Congress to enact measures aimed at promoting growth and stability and protecting the rights of consumers. In a letter led by Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, four Democratic lawmakers warned ... Read more



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