Maxine Waters

I would like to welcome Director Rohit Chopra back to our committee and applaud the excellent work the CFPB has done under your leadership to protect our nation's consumers.

Gutting the only agency dedicated to protecting our nation's consumers in the financial marketplace will harm our economy and communities.

I appreciate the effort to expand access to affordable homeownership.

I have introduced several affordable housing bills, including my Housing Crisis Response Act, which would finally make the investments needed to build 1.4 million homes.

Democrats are certainly taking the housing and homelessness crisis very seriously, and when I was Chair, I held 55 hearings on housing.

Today, nearly 600,000 people are experiencing homelessness, and millions more are one crisis away from eviction or foreclosure.

I am pleased to be here with you today, but I am reminded that we are 8 days away from a government shutdown.

SVB didn't have to hold capital because a decade ago, our regulators, led by Trump, deviated from the Basel III framework.

I welcome the Fifth Circuit's affirmation of the Nasdaq diversity rule.

Chair Gensler has indeed done a great job of protecting investors through rulemakings on proxy voting and market structure, and even climate change with the disclosures.

That is exactly what I do not want to hear. Thank you. I yield back.

I have heard you often say there is mass noncompliance by crypto firms in the marketplace today.

Instead of marking up sensible bills that have bipartisan support to strengthen the banking system following the three major bank failures earlier this year, Republicans are holding another hearing to attack the Fed, the FDIC, and the OCC…

Regulators should strengthen, not weaken, these critical banking rules to protect consumers from future bank failures.

We need stronger rules, not deregulation, to avoid future crises.

I think that the rhetoric around an arms race has been particularly unhelpful.

Almost half of these countries are in advanced development, pilot, or launch stages of their CBDCs.

But I thought I would bring up one that I and Chairman Brown of the Senate Banking Committee sent Secretary Yellen regarding the announced merger of the PGA Tour, the DP World Tour, and LIV Golf.

I want you to know that we have to be tougher. We have to be a lot tougher.

Resources are important, and they are needed in order to do the job

That is an astonishingly-low amount that is provided by House Republicans in the recently-marked-up Financial Services and Central Government Appropriations bill.

These drastic budget cuts will only slow implementation of the CTA, weaken FinCEN's ability to pursue bad actors, and ultimately, jeopardize our national security.

I cannot fathom the logic of slashing funds from an office that is in the midst of implementing a major policy overhaul pertaining to U.S. national security.

That is why, under Democrat leadership, this committee passed landmark legislation to protect our national security and to prevent the abuse of our financial system by bad actors, both foreign and domestic.

As you know, the SEC's proposed climate risk disclosure rule applies to only publicly-listed companies.