Washington, D.C. -- Congresswoman Carolyn Maloney issued the following statement on the the financial turmoil permeating the markets:

Today the House Financial Services Committee passed H.R. 6642, the National Consumer Cooperative Bank (NCB) Act Amendments of 2008. Introduced by Rep. Carolyn Maloney (D-NY), this bill makes the non-profit subsidiary of the NCB—NCB Capital Impact—eligible to receive funding under the Community Development Banking and Financial Institutions Act of 1994, which is administered by the CDFI Fund.

Today the Financial Services Committee passed, with bipartisan support, the Expedited Funds Availability Dollar Limits Adjustments Act of 2008, H.R. 6871, introduced by Rep. Carolyn Maloney (D-NY) together with Chairman Barney Frank (D-MA).

Unveiling the findings of a new Government Accountability Office (GAO) study, Congresswoman Carolyn Maloney (D-NY), along with Senators Hillary Clinton (D-NY) and Tom Harkin (D-IA) today assailed the Bush Administration for its failure to crack down on pay inequity. The report, which Rep. Maloney and Senators Harkin and Clinton requested along with Senator Edward M. Kennedy (D-MA) shows that the federal government has failed to adequately monitor enforcement of our nation’s pay discrimination laws.