New York Congresswoman Carolyn B. Maloney is a national leader with extensive accomplishments on security, financial services, the economy and women's issues. She also has been a force representing the interests of the City of New York in Congress from the time she entered, in 1993.
In the 116th Congress, Maloney serves as the Chairwoman of the House Committee on Oversight and Reform, the first woman to do so, and is a senior member of the House Financial Service Committee and the Joint Economic Committee Economic Committee.
Maloney is currently a member of Women’s Forum Inc., the Council on Foreign Relations, Women’s City Club, Alice Paul Institute, Eleanor Roosevelt Legacy, Financial Women’s Association, National Organization for Women, National Association of Business and Professional Women, New York Landmarks Conservancy, and CIVITAS.
She is an Eleanor Roosevelt Distinguished Member of the NY Junior League.
She is the founder and Co-Chair of the House Caucus on Hellenic Issues and the House Census Caucus..
Maloney has worked tirelessly to ensure that New York's recovery from 9/11 is completed and that our national security is strengthened. A strong supporter of the 9/11 Commission, Maloney and her former colleague Rep. Christopher Shays (CT) formed the bipartisan 9/11 Commission Caucus upon the release of the commission's final report.
Beginning in July 2004 and working closely with family members of 9/11 victims on the Family Steering Committee, Maloney and Shays attempted to pass a bipartisan security reform bill in the House. They introduced companion bills to the Senate's McCain-Lieberman and Collins-Lieberman legislation. They kept up the pressure for a final bill, even as the House-Senate negotiations appeared on the brink of collapse. Finally, in December 2004, Congress was called back to Washington to pass a landmark bill born out of key 9/11 Commission recommendations – a tremendous victory for the nation.
Maloney's 9/11 Commission Caucus accomplished another major victory in 2007, when more of the Commission's recommendations were enacted into law. Maloney is also the author of a proposal to reorganize Congress for better oversight of Homeland Security and Intelligence, one of the commission's chief concerns.
The James Zadroga 9/11 Health and Compensation Act, sponsored by Maloney and cosponsored by Reps. Jerry Nadler and Peter King, provides health care for those exposed to toxins released by the collapse of the World Trade Center towers, and reopens the federal September 11 Victim Compensation Fund to provide economic relief to those harmed by the attacks. The House passed it in September, 2010 with a strong bipartisan majority, and the Senate passed it by voice vote on December 22, 2010. President Obama signed the bill into law on January 2, 2011. The James Zadroga 9/11 Health and Compensation Reauthorization Act, which permanently extended the World Trade Center Health Program and fully funded the September 11th Victim Compensation Fund for five years, was signed into law December 18, 2015.
The Remember the Heroes: James Zadroga, Ray Pfeifer, and Luis Alvarez Permanent Authorization of the September 11th Victim Compensation Fund Act, sponsored by Maloney and cosponsored by Reps. Jerry Nadler and Peter King, to fully fund and make permanent the September 11th Victim Compensation Fund was signed into law on July 29, 2019. It passed overwhelming in both the House and the Senate with votes of 402-12 and 97-2, respectively.
Rep. Maloney is a senior member of the House Financial Services Committee and the former Chair of its Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. She is currently the a member of the Subcommittees on Investor Protection, Entrepreneurship, and Capital Markets and Housing, Community Development and Insurance subcommittees. She served on the conference committee for the Dodd–Frank Wall Street Reform and Consumer Protection Act.
Since being elected to Congress, Maloney has worked to modernize financial services laws and regulations while strongly advocating for consumer protections.
Maloney is the author of the "Credit Cardholders' Bill of Rights"-- also known as the "Credit CARD Act"-- which levels the playing field between consumers and credit card companies and provide consumers with increased notification over changes in terms on their accounts. H.R. 627 was signed into law by President Obama on May 22, 2009, after passing Congress with overwhelming bipartisan majorities.
In the 110th Congress, Rep. Maloney was the author of the National Security Foreign Investment Reform and Strengthened Transparency Act of 2007 (Public Law 110-49). This legislation strengthens and reforms the process by which the interagency Committee on Foreign Investment in the United States (CFIUS) reviews foreign direct investment for national security issues.
In the 108th Congress, Rep. Maloney worked to include groundbreaking identity theft protections in legislation updating the nation's credit reporting system (FACT Act, P.L. 108-159). She was a leader of the fight to preserve the rule-making authority of the Securities and Exchange Commission and the Financial Accounting Standards Board over corporations' public filings. Rep. Maloney also cosponsored legislation that enhances consumer protections needed to combat mutual fund abuses that were exposed in New York State.
From 2003-2007, Rep. Maloney served as Ranking Member of the Subcommittee on Domestic and International Monetary Policy, Trade and Technology of the Financial Services Committee.
A vigorous advocate for the New York financial services community, Maloney has played a major role in legislation to modernize the deposit insurance system which passed the House, coauthoring an amendment to ensure fairness for banks that helped recapitalize the insurance fund during past crises. A long- time supporter of credit unions, she introduced the Credit Union Regulatory Improvements Act (H.R. 3579) which would improve the safety and soundness of credit unions.
In the 107th Congress, Maloney remained steadfast to her commitment of modernizing financial service laws while strongly advocating for consumer protections and privacy. She passed legislation to cut fees on securities transactions by $14 billion over ten years. In April 2003, the House passed a bill introduced by Maloney and Sue Kelly (R-NY). H.R. 758, the Business Checking Freedom Act, allows banks to pay interest on business checking accounts.
In the 106th Congress, Maloney served as a conferee on the historic Gramm-Leach-Bliley financial modernization bill, where she fought to redraft Depression-era separations between banking, securities, and insurance firms while at the same time providing new consumer privacy protections for personal financial information. Maloney was the lead Democrat on the Investor and Capital Markets Relief Act, legislation which allowed the SEC to increase salaries of its employees so it can recruit and retain the most qualified professionals to oversee the markets.
Joint Economic Committee
Rep. Maloney served as Chair of the Joint Economic Committee (JEC) in the 111th Congress, the first woman to do so, and as Ranking Member in the 114th. Until her election at Chairwoman of the Committee on Oversight and Reform, she served as Vice Chair in the 116th Congress.
As Maloney took over the Chair in January 2009, the economy was still reeling under the shocks of the Great Recession. In fact, as Council of Economic Advisers Chair Christina Romer pointed out at a JEC hearing, the economy endured shocks that were even greater than those experienced during the Great Depression.
Under Chair Maloney, the JEC closely monitored the employment situation and tracked its rebound. The Committee held close to 50 hearings and issued dozens of reports with an emphasis on creating jobs and reducing unemployment.
These hearings and reports highlighted the most cost-effective job creation strategies and examined how innovation can fuel growth in emerging sectors of the economy. The Committee also shed light on the segments of the population hit hardest during the recession and identified targeted policy actions that could benefit these workers. In addition, the JEC analyzed possible barriers to future growth, including rising oil prices, tighter credit standards, and inadequate investment in basic research.
The JEC also highlighted fiscally responsible policies that can help strengthen the economy and ensure that the employment and income gains from the next economic expansion will reach all workers.
Chair Maloney took particular interest-- as the first woman ever to serve as the Chair of the JEC-- in how the economy affected women. The JEC held series of hearings and published reports that together provide a comprehensive assessment of women's role in the economy, to inform the next set of policy decisions about how best to create an economy that fully unleashes the economic potential of women. This body of work will help policymakers in Congress, in statehouses, and in the private-sector determine whether policies promote or inhibit women's ability to be powerful contributors to economic growth.
As the former co-chair of the Women's Caucus, Maloney is a nationally-recognized advocate for women's and family issues, with special emphasis on funding for women's health needs, reproductive freedom, and international family planning. She was a member of the U.S. delegations to the Fourth World Conference on Women in Beijing and to the International Conference on Population and Development (ICPD) fifth-year review and appraisal at The Hague (Cairo + 5). In 2004, she attended ICPD's tenth-year review meeting in Puerto Rico.
As the Member of Congress who spearheaded the Debbie Smith Act in numerous sessions of Congress, Maloney took the lead in the effort to erase the backlog of rape DNA testing kits that could put rapists behind bars. In 2004, the Debbie Smith Act was attached to two broader pieces legislation on DNA technology, which each had wide bipartisan support in the House and Senate. After passing the House and Senate, the Justice for All Act, containing the Debbie Smith legislation, was signed into law in October 2004, and subsequently reauthorized in 2008, 2014, and 2019.
Maloney has also been an outspoken authority against the persistent problem of sexual assault in the military. She successfully attached an amendment to the Defense Authorization legislation in 2004 that will ensure the American military has ample rape DNA testing kits and that the use of those kits is properly expedited.
Maloney has fought vigorously to restore the United States' contribution to UNFPA, the United Nation's Population Fund, since the Bush Administration first withheld it in 2002. Maloney succeeded in increasing funding for UNFPA in the FY 2002 Foreign Operations Appropriations bill to $34 million, a $12.5 million increase from the previous fiscal year. Additionally, she introduced the Saving Women's Lives Act of 2002, to try to spur the Bush Administration to release the $34 million budgeted for the United Nations Population Fund. In 2004, Maloney proposed compromise legislation to restore the U.S.'s contribution to combat the horrific condition obstetric fistula. In November 2002, Maloney was recognized for ‘Carrying the Weight of the World' by United Nations Family Planning and received their Women's Leadership Award.
Maloney worked to increase public awareness in social inequalities between men and women that still exist in America In January 2002, she released The Dingell-Maloney Report: A New Look through the Glass Ceiling, an alarming report documenting a widening wage gap between men and women managers. Together with her colleague John Dingell of Michigan, she followed the 2002 report up by commissioning another Government Accountability Office (GAO) report, this one examining wages for all women over the past 20 years. The comprehensive report, released in 2004, revealed a persistent wage gap of 20-cents on the dollar that has remained unchanged.
Maloney has reintroduced legislation that would amend the Constitution and guarantee equal rights for women. Over 200 lawmakers have signed onto Maloney's Women's Equality Amendment, and key women's groups have also endorsed it.
She is the House sponsor of the Equal Rights Amendment and has introduced it in every session in Congress since the 105th Congress.
In the wake of September 11th 2001, Rep. Maloney was a national leader on homeland security and was named Chair of the House Democratic Caucus Task Force on Homeland Security in June 2003. In that position, she organized hearings, national surveys and reports on homeland security and advanced Democratic security policy. In late June 2003, Maloney convened a special task force hearing in Washington on local homeland security needs. First responders and local officials from around the country went to Capitol Hill to testify. Maloney also coordinated a national survey of local responders and officials on hometown security; the results were compiled into the October 2003 report, Federal Homeland Security Assistance to America's Hometowns.
As a New Yorker, Maloney led the charge in Congress to reform federal homeland security assistance distribution, particularly to America's most targeted areas. She fought vehemently for a change in the state funding program that sends disproportionate amounts of security money to low-threat states and for an increase in "high-threat" funding to targeted cities. In January 2004, Maloney and several colleagues requested of President Bush a doubling of high-threat funds in his FY2005 budget. When President Bush's proposal was released days later, the high-threat program was, indeed, doubled. Maloney has worked to help the New York Fire Department at the federal level, introducing legislation to fix FDNY's radio system and releasing a report on the flaws of the FIRE Act, which shortchanges FDNY.
Maloney continues to focus attention on issues relating to transportation and education that have a direct impact on her district in New York. A strong supporter of the Second Avenue Subway, Congresswoman Maloney has been instrumental in bringing home hundreds of millions of dollars in federal funding for the project. Maloney also spearheaded a coalition of elected officials who persuaded Mayor Bloomberg to reaffirm his commitment to the Second Avenue Subway.
She has also been instrumental in bringing home additional hundreds of millions in funding for the Long Island-Queens-Manhattan connector known as "East Side Access" which would link Long Island Railroad trains to Grand Central Station.
Maloney created and co-chaired the Task Force for an East Side High School which succeeded in obtaining backing from the Board of Education for a new academically rigorous high school on the East Side. The school, Eleanor Roosevelt High School, opened in September 2002. Maloney has worked to support the creation of the Frank Sinatra High School of the Arts in Queens. In addition, Maloney has organized a coalition of local elected officials who are working to address severe overcrowding in Community School District 2.
Maloney has received the Military Order of the Purple Heart, For Meritorious and Conspicuous Service for Veterans, the National Family Planning and Reproductive Health Association's (NFPRHA) Distinguished Public Service Award, the Ellis Island Medal of Honor, the Hadassah Myrtle Wreath Award, Peace Action's Global Peace Award, the Queens Women's Political Caucus's Queens Women of Distinction Award and the Healthy Mothers, Health Babies's 2000 Special Impact Award. Maloney was the Grand Marshal of New York's Greek Independence Day Parade in 1996 and 2001. In addition, Maloney has received the TMG-eMedia Thought Leaders in Business Award; the Manhattan Chamber of Commerce Outstanding Service Award; the CUNY Women’s Leadership Award; the Eleanor’s Legacy Eleanor Roosevelt Trailblazer of Democracy Award; the Humane Society of the United States Humane Advocate Award; the Business and Professional Women’s Club of New York State Outstanding Legislator Award; the Center for Women’s Policy Studies Jessie Bernard Wise Women’s Award; and the Planned Parenthood Responsible Choices Award. In 2003, she was the only legislator selected as part of the Ms. Magazine “Fifty Women Who Made a Difference” list. Maloney was recently named one of Women’s eNews 21 Leaders for the 21st Century in May 2017.
Rep. Maloney has been recognized not only by her peers in Congress but also by outside groups for her ability to elicit change. GovTrack awarded her the top spot among House Democrats in their “Leadership Score” category – indicating her great ability to get cosponsors on her bills. Her legislative efforts have been featured on NBC Nightly News, NBC's Today, CBS Sunday Morning, CNN, MSNBC, CNBC, The New York Times, The Washington Post, The Wall Street Journal, and other local, national, and international major media outlets.
Early Career and Family Life
After graduating from Greensboro College, Maloney worked for several years as a teacher and an administrator for the New York City Board of Education. In 1977, she went to work for the New York State legislature and held senior staff positions in both the State Assembly and the State Senate. In 1982, Maloney ran for public office for the first time and defeated an incumbent to win a seat on the New York City Council.
In her ten years on the Council, Maloney fought to eliminate waste and fraud in government. In 1986, she founded the Council's committee on city contracts and used this position to write a series of new laws setting up a computerized system to monitor the $7 billion which the city awards each year in contracts. She was also the principal author of the landmark New York City Campaign Finance Act. Maloney also became a champion of women's, family, and children's issues.
The first Council member to give birth while in office, Maloney was also the first to offer a comprehensive package of legislation to make day care more available and affordable. Maloney attained a first-degree black belt in Taekwondo in January 2007.
Congresswoman Maloney lives in New York City. She has two grown daughters, Christina and Virginia. Maloney lost her beloved husband, Clifton H.W. Maloney, in 2009 when he passed away after summiting Cho Oyu Mountain in China, the world’s seventh largest peak. They had been married for 26 years.