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Carolyn Maloney

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The U.S. Representative for New York's 14th congressional district, serving since 1993.
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ENG: Carolyn Bosher Maloney (born February 19, 1946) is the U.S. Representative for New York's 14th congressional district, serving since 1993. She is a member of the Democratic Party. The district, popularly known as the "silk stocking district", includes most of Manhattan's East Side; Astoria and Long Island City in Queens; and Roosevelt Island. Early life, education and career Maloney was born in Greensboro, North Carolina and graduated from Greensboro College. In 1970, she visited New York City and decided to stay. New York City Council Maloney was elected to the New York City Council in 1982, defeating incumbent Robert Rodriguez in a heavily Spanish-speaking district based in East Harlem and parts of the South Bronx. She served as a Councilmember for 10 years. On the ...
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Rep. Maloney Goes to Bat for Scientific Research

As Congress debates strategies for deficit reduction, Rep. Carolyn Maloney, D-New York, is cautioning Congressional members to consider the role federal funding has in achieving scientific breakthroughs before enacting spending cuts. Speaking on the floor of the House of Representatives on Nov. 18, Maloney asserted that the federal government's investments in research can spur advances for some of the most challenging medical conditions while serving as an engine fueling growth for the nation, particularly crucial in the current stagnant economy. "We are now engaged in an important national ...

Carolyn Maloney’s Congressional Crash Pad

Congresswoman Carolyn Maloney rents out her Washington, D.C. home to a trio of her blue state Congressional colleagues–Rep. Debbie Wasserman Schultz, Rep.Terri A. Sewell of Alabama andRep. Frederica S. Wilson. The Times profiled Congresswoman Maloney’s Democratic dorm in today’s paper.“The camaraderie in the house is very special,” Congresswoman Sewell said. No men have lived in the house since Congresswoman Maloney began renting it out to avoid “very, very lonely” nights in D.C.–or Republicans. “I wouldn’t want to discriminate ...

A Member of the House Who Rents Out Rooms

Among her colleagues, Representative Carolyn B. Maloney is known as a fiery liberal from Manhattan, a rebel and a bit of a showman (she once appeared on the House floor in a burqa to draw attention to the mistreatment of women in Afghanistan). She is also known as something else: a landlady. Slightly more than six years ago, Ms. Maloney, a Democrat from the Upper East Side, bought for $1.5 million a newly constructed town house in Southeast Washington near the Capitol and across the street from a small park. Ever since, Ms. Maloney has been renting out rooms in the three-story, red-brick ...

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Rep. Maloney Asks Financial Regulators for Volcker Rule Data Update
Congresswoman Carolyn B. Maloney (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets and GSEs, today sent a letter to U.S. financial regulators asking for an update on the ongoing implementation of the Volcker Rule. In the letter to the Federal Reserve, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Office of the Comptroller of the Currency, and the Securities and Exchange Commission, the Congresswoman requested “an update on the quantitative trading metrics that the agencies have been collecting” under the Volcker Rule. The Volcker Rule requires banks with significant trading operations to report daily quantitative trading data for each trading desk, in order to help the agencies distinguish between prohibited proprietary trading and legitimate market-making and hedging activities. The agencies have been collecting these data since July 2014, and therefore now have roughly two years of quantitative trading data.
Congresswoman Presses Regulators on Volcker Rule Data
A senior Democrat on the House Financial Services Committee is pressing regulators to share two years of market data they have collected in connection with the Volcker Rule, a provision of the Dodd-Frank Act intended to rein in banks’ risky trading and investments. Representative Carolyn B. Maloney, Democrat of New York, sent a letter to regulators on Monday requesting information about certain quantitative trading metrics that the agencies had been collecting since before regulators prohibited banks from making risky bets with their own money last July. “The agencies currently have nearly two years of quantitative trading data, spanning periods both before and after the effective date of the proprietary trading ban,” Ms. Maloney said in the letter, which was reviewed by The New York Times. “I believe that these quantitative trading metrics can provide important information not only about the efficacy of the Volcker Rule, but also about the general trading activities of U.S.
Rep. Maloney Leads New York Stock Exchange Morning Bell Ringing to Commemorate Women’s Equality Day
  NEW YORK – Congresswoman Carolyn B. Maloney (NY-12) today joined with New York Stock Exchange Chief Operating Officer Stacey Cunningham and New York women leaders from the public and private sectors to ring the opening bell at the New York Stock Exchange in honor of Women’s Equality Day 2016, a day designated to commemorate the ratification of the 19th Amendment to the Constitution 96 years ago. Click here to watch a video of the bell ringing. Prior to the ringing, Congresswoman Maloney and her guests gathered in the newly dedicated Muriel Siebert Hall. Maloney presented the NYSE with a Congressional Extension of Remarks in recognition of Muriel’s amazing accomplishments as the first woman to buy a seat on the New York Stock Exchange, the first woman to head one of the exchange’s member firms, and the first woman to serve as Superintendent of Banking for New York State. The Extension was accepted on behalf of the NYSE by their COO Stacey Cunningham, who exemplifies the
Combatting Cyber Security Threats at Our Banks
Dear Friend, This year, there have been a series of reported cyber attacks in which hackers used stolen information to steal money from banks’ holding accounts. Following these reports, I wrote to the banking regulators — the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC)— to see what steps they were taking to combat this cybersecurity threat to our banking system. The regulators recently wrote back to me. I appreciate the regulators’ response to my inquiry and am encouraged by the initial steps they have taken in response to the recent cyber attacks, however, our cybersecurity is only as strong as our weakest link. I remain concerned about the potential for future attacks and will be asking for regular updates from our banking regulators on the steps being taken address the risks that these cyber attacks pose to the safety and soundness of U.S. banks and the international payment system. Cybersecu

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