Maxine Waters

They come to any negotiations having made up their minds already.

This bill that we have posted in no way represents any final work.

Recent reports indicate that digital asset developers are leaving the United States to go to countries that have more-established regulatory frameworks for digital assets.

I believe innovation is fostered through choice and competition.

It is my goal that our payment stablecoin legislation will provide different ways for issuers to maintain and come into compliance.

Chairman McHenry and I are committed to working across the aisle to pass payment stablecoin legislation.

That bill is an infant. It is a baby. It is not necessarily a beautiful baby, but it is our baby, and it is named, 'Maxine McHenry.'

I want to reiterate the urgency for those of us in this room to work together and pass this needed legislation.

We are on the brink of a Republican-imposed debt default that will create unprecedented and untold levels of harm to the United States and the global economy.

Right now, our financial system is still recovering from the sudden collapse of Silicon Valley Bank and Signature Bank.

I and my Democratic colleagues couldn't agree more, and so I look forward to working with Chair McHenry on legislative reforms.

Importantly, we need to hear directly from the CEOs of SVB and Signature Bank.

I would like to thank Chairman McHenry for working with me in a bipartisan way on investigating the failures of Silicon Valley Bank and Signature Bank.

The trafficking of fentanyl and other drugs poses a significant public problem, and concern all across the United States.

I agree. And I have legislation that would forgive the legacy debt.

This could mean that NFIP may take on additional debt in the future, but the program is already saddled with legacy debt from Hurricanes Katrina and Sandy.

We have not only seen life-threatening flooding that took down trees and inundated cars, but we also have seen significant snowfall that has led to destructive floods.

A 2022 study found that worsening climate change has more than tripled the risk of a trillion-dollar megaflood in my own State of California compared to a century ago.

Historically, private insurers have receded from communities after they were hit hard by catastrophic flooding.

The CFPB's work is really resonating with consumers as they received more than 50,000 complaint letters on this initiative.

This is history repeating itself.

The consequences of this brinksmanship are imminent.

I find it very concerning that your recommendation to raise the debt limit in a timely manner is being ignored by my colleagues on the other side of the aisle.

Congress must raise the debt limit because of what you described as the highly-risky consequences of failing to do so.

Since your last visit, our country, under the leadership of President Biden, has made major progress toward improving economic conditions, including adding a record 12 million jobs, and reducing unemployment to its lowest rate in 54 years…