WASHINGTON (CIRCA) — Rep. Maxine Waters, D-Calif., said the Trump administration's rollback on banking reform “will come to an end” reported CNBC.
She is expected to take over the chair of the House Financial Services Committee when the new Congress convenes in January.
“Make no mistake, come January ... the days of (the House Financial Services Committee) weakening regulations and putting our economy once again at risk of another financial crisis will come to an end.”
“Make no mistake, come January, in this committee, the days of this committee weakening regulations and putting our economy once again at risk of another financial crisis will come to an end,” Waters said.
Currently, Texas Republican Rep. Jeb Hensarling is head of the committee. But after Democrats gained control of the House in the midterm elections, Waters is likely to step up and lead the committee.
Waters also said she might look into subpoena power to investigate President Donald Trump’s relationship with Deutsche Bank and the Russian government.