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Congresswoman Maxine Waters (D-Calif.) offered an amendment today to H.R. 1213, a bill to repeal mandatory funding provided to the states to set up Health Benefit Exchanges as part of the historic health care reform law passed last year.

Congresswoman Maxine Waters (D-Calif.), Ranking Member of the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, delivered the following opening remarks during a mark up of seven different bills today. The Congresswoman also delivered many statements and amendments on the specific bills listed at the end of this release.

Congresswoman Maxine Waters (D-Calif.) issued the following statement after President Obama announced late last night that Osama bin Laden was killed in a raid by U.S. military and intelligence personnel:

Congresswoman Maxine Waters (D-Calif.) yesterday reintroduced H.R. 1567, the Foreclosure Prevention and Sound Mortgage Servicing Act of 2011. Congresswoman Waters has introduced similar legislation since the 110th Congress, and has long maintained that the servicing industry is broken.

Congresswoman Maxine Waters (D-Calif.), a leading progressive voice in Congress, today strongly criticized the Republicans' destructive budget proposals, including both the deal cut for the remainder of Fiscal Year 2011 funding, and the Republican budget for Fiscal Year 2012.

by Jon Prior

Mortgage servicers may have to review as much as $535 billion in loans for possible remediation to borrowers who suffered financially from improper foreclosures, according to an estimate from the investment bank Keefe, Bruyette & Woods.

This amendment offered by Congresswoman Maxine Waters (D-Calif.) was accepted by Republicans and included in the final bill H.R. 1249, the America Invents Act, that passed the Committee today. In introducing her amendment, the Congresswomand delivered the following remarks:

I have an amendment at the desk.

By Alejandro Lazo and E. Scott Reckard

Citing "pervasive" misconduct in foreclosures, federal regulators have ordered the nation's biggest banks to overhaul their procedures and compensate borrowers injured financially by wrongdoing or negligence.