Maxine Waters Criticizes GOP for Blocking Financial Services Amendments on NDAA

Rejection of Financial Services Amendments

• 📌 Representative Maxine Waters criticizes Speaker Johnson for blocking her committee's financial services amendments from consideration on the National Defense Authorization Act (NDAA).
• 💡 Waters notes that the NDAA historically includes provisions unrelated to national defense, citing past reforms to CFIUS and anti-money laundering bills.

Specific Blocked Amendments

• 🏦 An amendment to restore funding for the Consumer Financial Protection Bureau, which was allegedly cut unlawfully by the Trump administration, was blocked.
• 💼 Language aimed at protecting workers, small businesses, and community banks by reforming deposit insurance was also rejected.
• 🏘️ An amendment to increase funding for affordable housing was among those blocked by Republicans.
• 💸 Waters also attempted to attach her bill to stop what she described as "Trump family crypto corruption" exceeding $7.7 billion.

The Digital Dollar Provision

• 🚫 Speaker Johnson is accused of making a deal with Freedom Caucus members to insert a ban on the US researching a digital dollar, despite overwhelming Democratic rejection of the idea.
• 🗣️ Waters suggests Republicans are blocking these amendments because they fear these initiatives "would pass" and are aware that most Americans reject their actions.
• 📉 For these reasons, Waters urges a "no" vote on HR 3838.