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Waters: Shutdown is jeopardizing financial markets

Joe Mont | January 10, 2019

As she prepares to take over leadership of the House Financial Services Committee, Rep. Maxine Waters (D-Calif.) is arguing that the ongoing government shutdown is harming the integrity of U.S. financial markets.

Her remarks, on Jan. 9, came in support of H.R. 264, the Financial Services and General Government Appropriations Act of 2019, which would restore funding for federal government agencies. The bill, she said, would “put Wall Street’s cop on the block, the Securities and Exchange Commission, back to work.”

“This President has all but closed the doors of the SEC, furloughing 94 percent of the agency and essentially providing fraudsters and schemers with a free pass to swindle investors and small businesses,” Waters said. “With such a skeleton crew of less than 300 staff, the SEC cannot possibly oversee the activities of the over 26,000 registered entities, such as...

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