Majority Press Releases
Brown Statement on the Nomination of Adrianne Todman to be Deputy Secretary of U.S. Department of Housing and Urban Development (HUD)
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after President Biden announced the nomination of Adrianne Todman to be Deputy Secretary Of U.S. Department of Housing and Urban Development (HUD):“Adrianne Todman brings years of housing and community development experience from various perspectives - implementing national policy at HUD, running a large public housing agency, and worki… Continue Reading
March 24, 2021
Brown Statement at Quarterly CARES Act Hearing
U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled ‘The Quarterly CARES Act Report to Congress.’Sen. Brown’s remarks, as prepared for delivery, follow:One year ago, we were weeks into this pandemic, and already the United States had the most confirmed infections in the world.By April, a million Americans had gotten the virus and 10 million were out of work. By the end … Continue Reading
March 19, 2021
Brown Applauds Bank Regulators for Standing Up to Wall Street
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Federal Reserve and other banking agencies announced they would not extend regulatory exemptions for the nation’s biggest banks:“This is a victory for lending in communities hit hard by the pandemic, and for the stability of our financial system. I will continue to fight for regulators to prioritize the real economy over stock… Continue Reading
March 18, 2021
Brown Statement on HUD’s Homeless Assessment Report
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Department of Housing and Urban Development (HUD) released their 2020 Annual Homeless Assessment Report.“Today’s report is more proof that America was facing an affordable housing and homelessness crisis, and deep racial and ethnic disparities in access to housing, long before COVID- 19. Thankfully, the American Rescue Plan De… Continue Reading
March 18, 2021
Brown, Colleagues Slam Senate Republicans for Blocking Bill to Protect Relief Checks from Debt Collectors
WASHINGTON, D.C. — U.S. Sens. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Ron Wyden (D-OR), Senate Finance Committee Chairman, Bob Menendez (D-NJ), and Chris Van Hollen (D-MD) today slammed Senate Republicans for blocking their legislation to protect relief checks provided in President Biden’s American Rescue Plan from garnishment by private debt collectors.“We passed the American Rescue Plan to put money in people’s pockets so they can pay… Continue Reading
March 18, 2021
Brown Urges Colleagues to Protect Americans’ Stimulus Checks from Financial Predators
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) -Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - took to the Senate Floor to urge his colleagues to pass his legislation that would protect Americans’ stimulus checks from garnishment by debt collectors.Sen. Brown’s remarks, as prepared for delivery, follow:Mr./Mdme. President,We passed the American Rescue Plan to get: Shots in people’s arms Money in people’s pockets Kids back in schools Workers … Continue Reading
March 18, 2021
Brown: Climate Change is a Threat to Our Economy
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) -Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled “21st Century Economy: Protecting the Financial System from Risks Associated with Climate Change.”Sen. Brown’s remarks, as prepared for delivery, follow:Today, the Banking and Housing Committee is holding its first-ever hearing on the risk climate change poses to our economy. That also makes it the … Continue Reading
March 17, 2021
Brown, Colleagues Introduce Bill to Protect Stimulus Checks from Debt Collectors
WASHINGTON, D.C. — U.S. Sens. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Ron Wyden (D-OR), Senate Finance Committee Chairman, Bob Menendez (D-NJ), and Chris Van Hollen (D-MD), introduced a bill to protect the stimulus checks provided in President Biden’s American Rescue Plan from garnishment by private debt collectors.“We passed the American Rescue Plan to put money in people’s pockets so they can pay their bills, not to line the pockets o… Continue Reading
March 16, 2021
Brown: We Must Bring Equity to America’s Housing System
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) -Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled “Home = Life: The State of Housing in America.”Sen. Brown’s remarks, as prepared for delivery, follow:The title of today’s hearing - Home = Life - comes from Matthew Desmond, the author of the book “Evicted.”He scribbled that in the front cover of my copy of the book. And it tells you really all you… Continue Reading
March 15, 2021
Brown, Warren Question Goldman Sach’s Taking Advantage of Weakened Capital Requirements to Pay out Dividends
Washington, DC - U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Elizabeth Warren (D-MA.), member of the Senate Banking Committee, today sent a letter to David Solomon, Chairman and CEO of Goldman Sachs, Inc. pressing for answers related to the bank’s support of weakened capital standards.“To our knowledge, Goldman Bank is the only depository institution that opted into these weakened capital requirements whose holding company c… Continue Reading
March 10, 2021
Brown Statement at Executive Session to Vote on Nominees and Subcommittees
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following remarks at an executive session to vote on Subcommittee Organization and Jurisdiction and the nominations of the Honorable Gary Gensler, to be a Member of the Securities and Exchange Commission (SEC), and the Honorable Rohit Chopra to be Director, Bureau of Consumer Financial Protection (CFPB). The Subcommittee Organization was approved, Mr. Ge… Continue Reading
March 10, 2021
Ahead of the Final Confirmation Vote, Brown Again Takes to the Senate Floor in Support of Congresswoman Marcia Fudge’s Nomination to Lead HUD
WASHINGTON, D.C. — Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, took to the Senate Floor to urge his colleagues to confirm Congresswoman Marcia Fudge as Secretary of the Department of Housing and Urban Development (HUD).Brown’s remarks on the Senate Floor, as prepared for delivery, are below:Mr./Mdme. President,Today I urge my colleagues to join me in supporting another dedicated and talented public servant, and a great Ohio… Continue Reading
March 9, 2021
Brown Takes to Senate Floor to Urge Colleagues to Support Congresswoman Marcia Fudge’s Nomination to Lead HUD
WASHINGTON, D.C. — Today, U.S. Sen. Sherrod Brown (D-OH) - Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - took to the Senate Floor to urge his colleagues to confirm Congresswoman Marcia Fudge as Secretary of the Department of Housing and Urban Development (HUD).Video of the remarks can be found here.Brown’s remarks on the Senate Floor, as prepared for delivery, are below:Mr./Mdme. President,Today I urge my colleagues to join me in supporting another dedicated and … Continue Reading
March 9, 2021
Brown: Wall Street Treats the Market Like A Game – A Game They Always Win
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) -Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing.”Sen. Brown’s remarks, as prepared for delivery, follow:Last February, as the world came to the collective realization that we were confronting a global pandemic, the U.S. stock market suffered its fastest drop in histo… Continue Reading
March 6, 2021
BROWN VOTES TO PASS AMERICAN RESCUE PLAN TO GET ALL AMERICANS VACCINATED AND SUPPORT WORKERS, COMMUNITIES & SMALL BUSINESSES
WASHINGTON, D.C. — U.S. Senator Sherrod Brown (D-OH) today voted to pass the American Rescue Plan, which will ramp up vaccine production and distribution to get all Americans vaccinated, and support all Ohioans through the COVID-19 pandemic and the resulting economic crisis. The bill includes several key priorities for which Brown has long fought, including a fix for the multiemployer pensions system to ensure thousands of Ohio retirees receive the pension they have earned. “The American R… Continue Reading
March 4, 2021
Brown: Workers Must Be at the Center of Our Economic Recovery
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled “Wall Street vs. Workers: How the Financial System Hurts Workers and Widens the Racial Wealth Gap.”Sen. Brown’s remarks, as prepared for delivery, follow:The economy isn’t physics - it’s not governed by scientific laws outside our control. It’s made up of people making choices about our values and … Continue Reading
March 2, 2021
Brown Urges Senate Colleagues to Confirm Dr. Rouse
WASHINGTON, D.C. — Today, U.S. Sen. Sherrod Brown (D-OH) - Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - took to the Senate Floor to urge his colleagues to confirm Dr. Cecilia Rouse as chair of the Council Economic Advisors (CEA). Rouse has broad bipartisan support and if confirmed, she will help direct our nation’s economic policy to put Americans back to work, at better jobs with higher wages. Brown’s remarks on the Senate Floor, as prepared for delivery, are … Continue Reading
March 2, 2021
Brown Opening Statement at Nomination Hearing for SEC Chair and CFPB Director
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) -Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing on nominations to the Securities and Exchange Commission (SEC) and Bureau of Consumer Financial Protection (CFPB)Sen. Brown’s remarks, as prepared for delivery, follow:Today we consider the nominations of two distinguished public servants: Rohit Chopra to serve as Director of the Consumer Financial Protectio… Continue Reading
March 2, 2021
Warren and Brown to Regulators: It Would be a Grave Error to Extend Capital Exemptions for the Nation's Large Banks and Holding Companies
Letter Text (PDF)Washington, DC - United States Senator Elizabeth Warren (D-Mass.), member of the Senate Banking Committee, and Senator Sherrod Brown (D-Ohio), Chairman of the Senate Banking Committee, sent letters on Friday, February 26, 2021, to Federal Reserve Chairman Jerome Powell, Vice Chair Randal Quarles, Federal Deposit Insurance Corporation Chairman Jelena McWilliams, and Acting Comptroller Blake Paulson calling on the regulators to end the temporary reduction in banks' capital require… Continue Reading
March 1, 2021
Chairman Brown and Ranking Member Toomey Announce Banking Subcommittee Assignments for the 117th Congress
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and Ranking Member Pat Toomey (R-PA) today announced the panel’s subcommittee assignments for the 117th Congress. “One of the most important things we can do on this committee is to give a voice to all the people who haven’t had enough of one in their government,” said Chairman Brown. “I am confident these subcommittee chairs will get to work and deliver for workers, a… Continue Reading
