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Economic Security

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October 28, 2013 In The News
A free educational workshop for Asian American seniors and their caregivers will be held on Sunday, Oct. 27, from 1:30 to 4:30 p.m. at the Toyota Meeting Hall in the Torrance Cultural Arts Center complex located on Madrona Avenue, just north of Torrance Boulevard.
Titled "Avoid Scams and Plan Wisely," the workshop will cover ways to be on alert for scams that target older people and ways to prevent identity theft, as well as advice on financial management and planning from a panel of financial experts.

October 16, 2013 Press Release

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, released the following statement following the House of Representatives vote on legislation to raise the debt limit and end the government shutdown.

"I'm pleased that Congress has finally voted to end this unnecessary government shutdown and debt limit crisis. However, I remain concerned that the resolution passed today only opens the government and extends the debt ceiling for a precious few months.

October 15, 2013 Press Release

Today, leading Democratic lawmakers called on financial institutions to work proactively with their customers facing financial distress as a result of the shutdown of the Federal Government. Fourteen days into the shutdown, many employees have now seen their first diminished paycheck, leaving them facing short-term financial hardship and possible long-term damage to their creditworthiness through no fault of their own.

October 9, 2013 Press Release

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, released the following statement in anticipation of the nomination of Janet Yellen as Chairman of the Board of Governors of the Federal Reserve.

"President Obama's choice in nominating Janet Yellen to lead the Fed is both historic and important for our nation's economy. Ms. Yellen's experience as a former Chair of the Council of Economic Advisers, Regional Fed Bank President, and Vice-Chair of the Federal Reserve make her one of the most qualified people ever to be nominated. 

October 8, 2013 Press Release

In a speech on the floor of the House of Representatives, Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today highlighted the serious consequences of the U.S. defaulting on its debt. Waters also urged Republicans to stop using the debt ceiling to push extremist ideology, calling for a vote on a clean debt-limit increase. She delivered the following remarks.

As prepared for delivery:

October 8, 2013 Press Release

With only 13 days until the nation reaches its debt limit, and in the aftermath of the Department of Treasury's report on the impact of defaulting on our debt, Congresswoman Maxine Waters (D-CA) today called on Republicans to stop threatening the nation's economy to move their ideological priorities. She released the following statement:

"As if the consequences of a government shutdown are not bad enough, Republicans are now threatening to hold the full faith and credit of the United States hostage to advance their ideological agenda.

October 1, 2013 Press Release

Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, released the following statement on the Republican-imposed government shutdown:

"The irresponsibility of the Republican Party cannot be overstated. As we slowly emerge from the worst economic crisis in over 70 years, I am saddened that ideological extremism has led to another self-inflicted wound that could have dire consequences for our fragile recovery.

July 29, 2013 Press Release
Congresswoman Maxine Waters (CA-43) and the U.S. Housing & Urban Development (HUD) Secretary Shaun Donovan will host a meeting with the mayors and city council members from the cities of Gardena, Hawthorne, Inglewood, Lawndale, Lomita and Torrance, and key stakeholders for a discussion about the ongoing impact of sequestration on local communities. The discussion will focus on the effect of sequestration on homelessness prevention programs, Community Development Block Grants (CDBG), the Housing Choice Voucher Program (Section 8), and the closure of multifamily HUD offices.
July 25, 2013 Press Release

Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee released the following statement in response to committee passage of the inaptly-named "Protecting American Taxpayers and Homeowners Act" or "PATH Act" (H.R. 2767). H.R. 2767 is a Republican bill that would unwind Fannie Mae and Freddie Mac and remove any government support from the secondary mortgage market.

July 23, 2013 Opinion Piece

Congresswoman Maxine Waters and Senator Elizabeth Warren authored the following opinion editorial for The American Banker

It has been only three years since the passage of the Dodd-Frank Act and five years since the 2008 financial crisis, but memories in Washington can be short.