Waters’ team did not immediately reply to a request for comment from Fox News Digital. Maxine Waters, the chairwoman of the House Financial Services Committee, has continued to pay her daughter with campaign funds, which has now surpassed the seven-figure threshold.
Karen Waters and her firm, Progressive Connections, have received over $1 million in campaign-related payments from her mother since 2003. Payments range from the hundreds to the tens of thousands of dollars for a variety of charges, including “slate mailer management” fees, “campaign managing services,” and paying for a “band for [a] holiday celebration,” according to FEC records examined by Fox News Digital.
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Over the years, Rep. Waters’ campaign has paid her daughter over $1 million. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee, has paid her daughter tens of thousands of dollars in campaign cash this year.
According to campaign finance documents obtained by Fox News, the congresswoman’s campaign has paid her daughter, Karen Waters, a total of $74,000 in cash donations since September. According to the Census Bureau, the younger Waters received almost $20,000 in the latest quarter, which is about a third of the typical American household income in 2020.
Waters’ team did not reply to a request for comment from Fox News on the payments to her daughter right away. Since 2003, Waters’ daughter has earned nearly $1.1 million for her contributions to her mother’s campaigns. In fact, the daughter of the House Financial Services Committee chairperson received $250,000 in the 2020 election cycle alone.
The California Democrat’s daughter planned slate-mailing activities to help her mother win reelection. In federal elections, slate-mailing is a rare practice in which a consulting firm is engaged to develop a booklet with a list of candidates or policy proposals and instructions on how to vote.
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During the 2020 general election, Rep. Waters was apparently the first federal lawmaker to deploy a slate-mailer operation. Karen Waters isn’t the only family member who has profited from Rep. Waters’ career. The Los Angeles Times reported in 2004 that the Waters campaign had spent more than $1 million on other family members in the preceding eight years.
The payments stack up, with the lawmaker paying her daughter and Progressive Connections over $1.2 million since 2003, according to the statistics. Waters’ team did not immediately reply to a request for comment from Fox News Digital.
Waters’ recurrent cash windfall from her campaign to her daughter’s coffers has been a regular element of her congressional tenure. Karen Waters orchestrated slate-mailing activities in order to help her mother win re-election. Slate-mailing is a rare technique in federal elections, in which a consulting firm is engaged to develop a booklet including a list of candidates or policy proposals, as well as instructions on how to vote.
During the 2020 general election, Rep. Waters was apparently the first federal lawmaker to deploy a slate-mailer operation. Over the course of the congresswoman’s decades-long career, other members of the Waters family have made off with donor money as well.
The Los Angeles Times reported in 2004 that the Waters campaign had spent more than $1 million on other family members in the preceding eight years. As pressure on firms to break links with Moscow grows, prominent US congressman Maxine Waters has requested more than 30 financial services trade associations for information on what actions their members have taken to discontinue business partnerships in Russia.
Waters requested data on which companies remain engaged in business activities in Russia following its invasion of Ukraine in a letter sent on Thursday to lead industry groups including the American Bankers Association, Bank Policy Institute, Securities Industry and Financial Markets Association, and the United States Chamber of Commerce.
She also urged the organizations to describe how their members comply with Western restrictions. She requested that the groups provide their data to the committee within 20 days. California Democrat Rep. Maxine Waters, who leads the House Financial Services Committee, did not say what the committee may do with the material.
Financial institutions have responded to Russia’s invasion in a variety of ways, and Waters’ inquiry is expected to put pressure on those that have yet to quit. “Even though several firms have voluntarily withdrawn from Russia,” she added, “the Committee now lacks a precise picture of the scope of these divestments.”
“We can bring about genuine and enduring change when the entire might of the US economy is unleashed against nations that perpetrate crimes.” The White House applauded the decision by Visa Inc, Mastercard Inc, and PayPal Holdings Inc to cease their business in Russia earlier this month.
Reuters stated that some of Wall Street’s largest banks, including Citigroup Inc, JPMorgan Chase & Co, and Goldman Sachs Group Inc, have committed to winding down their operations in Russia, but they expect to maintain a modest presence and keep their Russian banking licenses. Meanwhile, most cryptocurrency exchanges have rejected requests to block Russian users, heightening fears that digital assets may be used to circumvent Western sanctions.