Committee Remarks | Congresswoman Maxine Waters

Committee Remarks

Opening Statement: Hearing on the Volcker Rule
Dec 13, 2012 - Thank you, Mr. Chairman. While many observers still disagree about the central cause of the financial crisis, we know that among many other factors, proprietary trading did play a role in the 2008 economic collapse. Proprietary trading has indeed produced tremendous profits for some of our largest f... More

Challenges Facing the U.S. Capital Markets to Effectively Implement Title VII of the Dodd-Frank Act
Dec 12, 2012 - Thank you, Mr. Chairman, for holding this important hearing this morning. Under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Congress responded to one key cause of the 2008 financial crisis - the unregulated over-the-counter (OTC) derivatives market. Through the Ac... More

Opening Statement: Hearing on Basel III Implementation
Nov 29, 2012 - Chairwoman Capito and Chairwoman Biggert, thank you so much for holding this hearing this morning. The recent near-collapse of our financial system taught us that capital is essential to fostering a more robust banking system – one that can both protect us from another crisis like the one we saw in ... More

Opening Statement: Hearing on the Implemenation of the JOBS Act
Sep 13, 2012 - The following remarks were made by Congresswoman Waters during a joint subcommittee hearing on the implementation of the JOBS Act. The hearing included members of the House Financial Services Committee and the House Oversight and Government Reform Commitee. Thank you, Mr. Chairman, for holding a hea... More

Opening Statement: Hearing on HR 4624 - the Investment Advisors Oversight Act of 2012
Jun 6, 2012 - Thank you, Mr. Chairman, for holding this hearing this morning. It is absolutely essential that we improve the oversight of investment advisers – the people that manage the assets of millions of individual and institutional investors across the country. Let me first say that I appreciate the good fa... More

Accounting and Auditing Oversight: Pending Proposals and Emerging Issues Confronting Regulators, Standard Setters and the Economy
Mar 28, 2012 - Congresswoman Waters delivered the following opening statement during a hearing on Accounting and Auditing Oversight. Thank you, Mr. Chairman, for holding this hearing this morning. Investors in my district – including workers with investment in pension funds – have a strong interest in enhancing au... More

Opening Statement: Hearing on "Ensuring Appropriate Regulatory Oversight of Broker-Dealers and Legislative Proposals to Improve Investment Advisor Oversight"
Sep 13, 2011 - Thank you, Chairman Garrett, for holding this hearing this morning. Improving the regulation of brokers, investment advisors and other financial professionals was a central goal of Dodd-Frank, and is crucial to ensuring that families are protected as they save for retirement, their children’s educat... More

Statement on the Oversight of the Office of Financial Research and Financial Stability Oversight Council
Jul 14, 2011 - Thank you, Mr. Chairman. I would also like to thank our distinguished witnesses for agreeing to participate this afternoon. Next week marks the one-year anniversary of the Dodd-Frank Act becoming law. This legislation brought sweeping reforms to our financial regulatory system so that we can avoid a... More

Markup of HR 1309, the Flood Insurance Reform Act
May 12, 2011 - I move to strike the last word. Thank you, Mr. Chairman, for convening this markup. I would also like to thank Chairwoman Biggert for the work she has done on H.R. 1309, the Flood Insurance Reform Act and I am proud to be an original cosponsor this important bill. As you know, Mr. Chairman, earlier ... More

Markup of H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011
May 12, 2011 - Opening Statement & Amendment Statements Opening Mr. Chairman, I am deeply, deeply opposed to H.R. 1315, which would decrease the threshold needed for the Financial Stability Oversight Council (FSOC) to override regulations issued by the Consumer Financial Protection Bureau (CFPB) from a 2/3 super-m... More

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