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Rep. Maxine Waters: Trump Shutdown is Jeopardizing Integrity of our Financial Markets

NNPA NEWSWIRE — “The Trump shutdown is jeopardizing the integrity of our financial markets and the hard-earned savings of millions of Americans. So, let’s end this Trump shutdown and open the government so that the SEC and other agencies can get back to work on behalf of the public.

Published

7 years ago

January 16, 2019

Oakland Post

WASHINGTON — Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee of Financial Services, made the following floor statement in support of H.R. 264, the Financial Services and General Government Appropriations Act of 2019, which would restore funding for federal government agencies to continue their important work on behalf of the American public:

“Thank you very much Mr. Speaker and Members. I look forward to working with my colleagues on the opposite side of the aisle, but today, I rise in support of H.R. 264, legislation that would reopen the federal government and 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% of the agency and essentially providing fraudsters and schemers with a free pass to swindle investors and small businesses. 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 investment advisers, broker-dealers, and stock exchanges. Worse, the SEC is unable to hold bad actors accountable through most enforcement actions, preventing harmed investors from obtaining relief.

“But the importance of the SEC goes beyond ensuring the rule of law. Businesses that are looking to enter the public stock markets may have to delay their Initial Public Offerings because the SEC cannot approve their documents. Businesses seeking guidance from the SEC are left in legal limbo until the SEC can get back to work.

“The Trump shutdown is jeopardizing the integrity of our financial markets and the hard-earned savings of millions of Americans. So, let’s end this Trump shutdown and open the government so that the SEC and other agencies can get back to work on behalf of the public.

“Mr. Speaker and Members, I appreciate some of the comments that have been made about the fact that we have been able to work together on both sides of the aisle on the Financial Services Committee, working on such things as the JOBS Act but we can’t do any of that. We cannot move. We cannot get to work for the American people because this President not only has shut down the government, but he took responsibility for it.

“He wanted everybody to know that he did it, that he not only did it, but he’s going to continue to do it until he can bend us to his will and give him $5 billion dollars plus to put up a wall of some kind. We don’t even know what it is.

“So, I want to say to my friends on the opposite side of the aisle and to Mr. McHenry—Yes, we are going to be able to work together on a lot of good legislation, but why don’t you join with us and talk to the President and tell him to open up the government—that we cannot continue to have the American people suffer in the way that they’re doing and have our financial services agencies unable to do the job that the people sent them here to do.

“So, with that, I yield back the balance of my time.”

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New Bill, the RIDER Safety Act, Would Support Transit Ambassadors and Safety on Public Transit

The RIDER Safety Act would allow public transit agencies to hire transit ambassadors trained in de-escalation, crisis response, and rider education and engagement. Acting as a visible, non-enforcement presence to deter low-level incidents and reduce conflict, transit ambassadors would ease the burden from law enforcement and enhance public safety.

Published

7 minutes ago

February 10, 2026

Oakland Post

BART train. Photo courtesy of ABC7.

By Post Staff

A new federal bill would support transit ambassador, or transit support specialist, programs at public transit agencies across the country.

The bill, (D-CA-12), H.R. 6069, the Rapid Intervention and Deterrence for Enhanced Rider Safety Act, or the RIDER Safety Act, was introduced Jan. 30 by Congresswoman Lateefah Simon. (D-CA-12), H.R. 6069, the Rapid Intervention and Deterrence for Enhanced Rider Safety Act, or the RIDER Safety Act.

This legislation is based on Congresswoman Simon’s work at Bay Area Rapid Transit (BART) to create a first-in-the-nation Transit Ambassador Program, which previously earned a prestigious nationwide award for “Innovation in Public Safety.”

She announced the bill at a press conference at the 19th Street BART Station alongside BART leaders and other supporters.

The RIDER Safety Act would allow public transit agencies to hire transit ambassadors trained in de-escalation, crisis response, and rider education and engagement. Acting as a visible, non-enforcement presence to deter low-level incidents and reduce conflict, transit ambassadors would ease the burden from law enforcement and enhance public safety.

This bill would also create jobs provide meaningful work, training opportunities, and a pathway for career growth in local communities. In the House of Representatives, the bill is also co-led by Representatives Shomari Figures (AL-02), Nellie Pou (NJ-09), Mark DeSaulnier (CA-10), and John Garamendi (CA-08).

“I am incredibly proud to champion the RIDER Safety Act in Congress and continue my work to ensure transit is safe, accessible, and affordable to everyone. We have seen the success of the transit ambassador programs here in the East Bay, and I am dedicated to bringing this proven public safety model to the rest of the country,” said Congresswoman Simon.

“These are strong local jobs for people who want to support public safety on transit and serve as a resource to individuals who may be in crisis or in need of services,” she continued. “Strengthening safety on transit benefits us all and helps ensure our public transportation systems remain places of opportunity, dignity, and trust.”

“This bill is critical to ensure the safety of every passenger who relies on public transportation across the country,” said Congresswoman Nellie Pou. “The RIDER Safety Act builds on successful transit models already implemented in communities, including the Bay Area Rapid Transit (BART) through the leadership of Congresswoman Lateefah Simon during her time as BART President. By providing transit stations with medically trained, unarmed personnel, we can strengthen safety standards, reduce fare evasion, and give riders a greater peace of mind when getting from one place to the next.”

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Trump’s White House Pushes to Control California Wildfire Recovery

The executive order signed Jan. 27 by President Donald Trump directs federal agencies to explore regulations that could override California and municipal permitting rules for homes and other structures destroyed in the fires. Land-use and rebuilding permits have traditionally been handled by cities and counties, making the move an unprecedented federal intervention into disaster recovery.

Published

21 minutes ago

February 10, 2026

Oakland Post

iStock.

By Bo Tefu, California Black Media

The White House is moving to take control of wildfire recovery efforts in the Los Angeles County area, issuing an executive order that would shift rebuilding permit authority from state and local governments to the federal government following the January 2025 Palisades and Eaton fires.

“I want to see if we can take over the city and state and just give the people their permits they want to build,” Trump told the media when signing the order.

The Palisades and Eaton fires destroyed about 16,000 homes, businesses, and other structures across Pacific Palisades, Altadena, and surrounding areas. According to local data, roughly 4,700 applications to rebuild have been submitted, with about 2,000 approved so far. Officials say the pace of rebuilding is consistent with recovery timelines from other major wildfires in California, where reconstruction often takes several years.

Gov. Gavin Newsom and Los Angeles Mayor Karen Bass quickly condemned the order, stating that it is unnecessary and legally questionable. Disaster recovery experts echoed those concerns, pointing to constitutional limits on federal authority over land-use decisions.

Trump’s order calls on the Federal Emergency Management Agency (FEMA) and the Small Business Administration to consider allowing builders to self-certify compliance with health and safety regulations to receive federal approval.

The dispute has become another flashpoint in the ongoing political battle between Trump and Newsom. The governor has requested $33 billion in federal disaster aid that has not yet been approved, while survivors continue to face challenges related to insurance payouts, high rebuilding costs, and legal disputes tied to the cause of the fires.

“Instead of finally sending to Congress the federal relief Los Angeles needs to rebuild from last year’s firestorms, Donald Trump continues to live in fantasy land,” Newsom wrote on X.

Bass said the White House could speed recovery by approving disaster aid and pushing insurers and lenders to support affected residents.

Trump’s order calls for draft regulations within 30 days and final rules within 90 days.

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Gov. Newsom, AG Bonta to Local Law Enforcement: You Have Authority to Investigate Federal Agents

The guidance, released by the California Department of Justice (DOJ), emphasizes that local and state police have concurrent jurisdiction in cases involving federal officers and are not required to defer to federal investigations. The bulletin follows recent federal officer-involved shooting deaths in Minnesota and California.

Published

29 minutes ago

February 10, 2026

Oakland Post

iStock.

By Bo Tefu, California Black Media

Gov. Gavin Newsom and California Attorney General Rob Bonta issued a bulletin Jan. 27 reminding state and local law enforcement agencies that they have the authority to investigate potential violations of state law committed by federal agents, even when federal authorities do not cooperate.

The bulletin states that federal and state law enforcement have long worked together on investigations that can result in both federal and state charges, but recent actions by the federal government have raised concerns about obstruction and a lack of transparency. California officials say those developments require state and local agencies to be prepared to assert their legal authority.

“Especially when a fatal shooting occurs, no one should be allowed to rush in, seize evidence, and control the narrative before state and local law enforcement have lawful access,” said Newsom. “Transparency isn’t a talking point; it’s a legal and moral requirement.”

Bonta said federal agents do not have absolute immunity from state criminal prosecution and warned against claims suggesting otherwise.

“Let there be no question: State and local law enforcement in California have authority to investigate potential violations of state law, even when those violations are committed by federal agents,” said Bonta. “Federal courts have long recognized that federal agents do not have absolute immunity from state law prosecution.”

The bulletin advises agencies that states have primary authority to investigate and prosecute violations of state criminal law, including cases involving federal officers. It also notes that the California DOJ is available to assist local agencies and can seek court orders to preserve evidence or secure access to crime scenes if needed.

California officials pointed to a Minnesota case in which a Trump-appointed federal judge ordered the federal government not to destroy evidence amid allegations that federal authorities interfered with a state investigation into a fatal shooting involving a federal officer.

The move comes amid broader legal battles between California and the Trump administration over federal law enforcement practices. In recent months, Bonta has led or joined court filings challenging federal deployments and enforcement actions, while Newsom has opposed what state leaders describe as unlawful federal overreach.

The DOJ encouraged Californians to report alleged misconduct by federal agents through its online reporting portal, saying the state stands ready to investigate and, where warranted, pursue charges under the California Penal Code.