TheHill.com reports that Waters promised to make housing finance reform her key priority during the 113th Congress, with an emphasis on defending the Dodd-Frank Act from being weakened.
‘Housing finance reform, in particular, will be crucial to ensuring the long-term success and stability of our economy,’ she says. ‘I believe we need a financial system that facilitates economic opportunity and wealth creation for all, and I stand ready to work with my colleagues towards that goal.’
Waters also says she would work with the committee's new chairman, Rep. Jeb Hensarling, R-Texas, to ‘reconcile our visions’ during the new Congress.
Waters replaces Rep. Barney Frank, D-Mass., who is retiring at the end of the current congressional session.