Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA) passed 10 bills:

• H.R. 4495, the Downpayment Toward Equity Act is a bill offered by Chairwoman Maxine Waters (D-CA) that would authorize $100 billion for a new HUD grant program to provide financial assistance to first-time, first-generation homebuyers to put towards a downpayment and other upfront costs to purchase a home. This funding would help address multigenerational inequities in access to homeownership and help close the racial wealth and homeownership gaps in the United States.
  
  • Passed the Committee by a vote of 28-23.
    
    
• H.R. 7977, the Promoting Opportunities for Non-Traditional Capital Formation Act is a bill offered by Chairwoman Maxine Waters (D-CA) that would amend the Securities Exchange Act to require the Advocate for Small Business Capital Formation to provide educational resources and host events to promote capital raising options for traditionally underserved small businesses.
  
  • Passed the Committee by a vote of 29-24.
    
    
• H.R. 7195, to provide for certain whistleblower incentives and protections is a bill offered by Representative Alma Adams (D-NC) that would modify the structure and function of the Financial Crimes Enforcement Network’s (FinCEN's) recently mandated whistleblower program, ensuring that individuals who provide information that leads to successful enforcement are able to receive awards, as intended by the Anti-Money Laundering Act of 2020 (AMLA).
  
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