Economy & Job Creation
More on Economy & Job Creation
The Hill, By Vicki Needham
Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, criticized incoming Majority Leader Kevin McCarthy (R-Calif.) for changing his mind about supporting the bank after backing it in the past.
POLITICO, By Lauren French
House Democrats will launch a campaign Tuesday to re-authorize the Export-Import Bank even as incoming Majority Leader Kevin McCarthy is discounting the measure's chance of success.
Authorization for the bank, which provides federal loans intended to boost U.S. exports, expires at the end of September. But Republicans aren't rushing to re-up the charter, saying the bank is ill equipped to carry out its duties.
Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, reiterated her strong support for the Export-Import Bank and the quick renewal of its charter.
Waters' comments come in reaction to remarks made by Committee Chairman Jeb Hensarling during a speech today at the conservative Heritage Foundation, in which he once again expressed his longstanding opposition to the Bank.
Congresswoman Maxine Waters (CA-43) urged expansion of the TIGER program – a nationwide competitive grant program that creates jobs by funding investments in transportation infrastructure by states, local governments, and transit agencies like Metro in Los Angeles County – in a letter to the Chairman and Ranking Member of the Subcommittee on Transportation and Housing and Urban Development Appropriations. A previous TIGER grant helped to accelerate the construction of the Crenshaw/LAX Transit Corridor, which will serve the Congresswoman's district.
At today's Financial Services Committee hearing with regulatory officials to discuss "government red tape," Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded regulators for putting the financial system on more stable footing after the worst economic crisis in a generation, and criticized the majority for continuing to push an ideologically-driven agenda focused on deregulation.
Congresswoman Maxine Waters (CA-43) hosted an exporter forum for small businesses on Friday, May 3 in Hawthorne, Calif. More than 75 representatives from local companies attended the event, which focused on how American companies can gain a competitive edge when exporting their products overseas. The forum was held in collaboration with Fred P. Hochberg, chairman and president of the Export-Import Bank (Ex-Im). Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers.
Thank you very much, Mr. Chairman, and I thank Mr. Van Hollen for yielding me time.
Today I rise in strong opposition to the Republicans' budget, a budget that makes absurd claims to reducing the deficit by repealing crucial government authority to protect our economy. Lest we forget that Lehman Brothers' disorderly bankruptcy sparked the worst financial crisis since the Great Depression.
Congresswoman Maxine Waters (CA-43) hosted "Women in Business: A Small Business Expo" on Tuesday, March 26 at the Lawndale Community Center. The event drew a standing-room-only crowd and provided information and resources to small business owners and interested entrepreneurs.
"The economy is struggling to recover from the recession," said Congresswoman Waters.