Top Trump critic Rep. Maxine Waters, D-Calif., earned House Democrats’ nomination to chair the House Committee on Financial Services Monday night and warned that “appropriate oversight” of the administration would be a priority for the panel in the next Congress.
“I am committed to creating opportunities, ensuring fairness, and protecting the economic well-being of all Americans,” Waters said in a statement Monday evening acknowledging the nomination by the House Democratic Steering and Policy Committee.
She vowed as chairwoman that she would “prioritize protecting consumers and investors from abusive financial practices” and would ensure “strong safeguards are in place to prevent another financial crisis.” She also promised to bolster affordable housing opportunities and would promote diversity and inclusion in the financial services sector.
Additionally, she promised the panel would keep the Trump administration accountable.
“Appropriate oversight of the Trump Administration and the regulatory agencies under the Committee’s jurisdiction will also be an important responsibility for the Committee,” Waters said. “Of particular importance is ensuring that the Consumer Financial Protection Bureau is not dismantled by Trump’s appointees. This critical agency must be allowed to resume its work of protecting consumers from unfair, deceptive or abusive practices without interference from the Trump Administration.”
Waters, an outspoken Trump critic, is currently serving as the ranking member of the Financial Services Committee.
