Financial Services & Economy

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September 17, 2020 Press Release

WASHINGTON – Today, following a hearing of the CARES Act Congressional Oversight Commission on the Federal Reserve’s Municipal Liquidity Facility (MLF), Congresswoman Ayanna Pressley (MA-07) released the following statement calling on the Fed to make changes to the terms and conditions of MLF funding to support municipalities facing financial distress as a result of the COVID-19 crisis:

September 11, 2020 Press Release

Video (YouTube)

WASHINGTON – In a House Financial Services Committee hearing yesterday, Congresswoman Ayanna Pressley (MA-07) discussed the urgent need for direct, emergency aid to state and local governments to manage the COVID-19 pandemic and address the disparate impacts of the crisis on communities of color. 

A full transcript of her exchange with Minnesota Governor Tim Walz is available below. 

August 22, 2020 Press Release

Video (YouTube)

WASHINGTON – Congresswoman Ayanna Pressley (MA-07) today delivered remarks on the House floor in which she criticized the Trump administration and Congressional Republicans for their attacks on the United States Postal Service (USPS), and shared the stories of constituents from the Massachusetts 7th Congressional District who have been impacted by the operational changes imposed on USPS by Postmaster General Louis DeJoy.

July 31, 2020 Press Release

Text of Letter (PDF)

 

WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07) and House Ways and Means Chairman Richard E. Neal (MA-02) wrote to the Treasury Department expressing their deep concerns over racial disparities in the administration of the tax code as well as in the implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 

July 24, 2020 Press Release

Video (YouTube)

WASHINGTON – In a House Financial Services Committee hearing yesterday, Congresswoman Ayanna Pressley (MA-07) discussed the unprecedented financial cliff facing millions of renters and homeowners, the economic consequences of millions losing their homes, including the ability to return to work, and why funding for legal representation is so critical.

A full transcript of her remarks and exchange with witnesses is available below.

July 21, 2020 Press Release

WASHINGTON – Today, in an op-ed published on CNBC.com, Congresswoman Ayanna Pressley (MA-07) and Author and UCLA Historian David Stein called on the Federal Reserve to take specific steps to address Black unemployment, which has historically exceeded the overall unemployment rate in America.

In their op-ed, Rep. Pressley and Dr. Stein call on the Fed to take three specific actions to address these inequities: