Majority Press Releases
Brown Announces Democratic Banking, Housing, and Urban Affairs Membership for the 117th Congress
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - incoming chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - issued the following statement regarding the Banking and Housing Committee membership for the 117th Congress: “For too long, the Senate Banking, Housing, and Urban Affairs Committee has only delivered for Wall Street - under new Democratic leadership, we’re going to get to work for everyone else, and put workers, and their families, and what matters to thei… Continue Reading
February 2, 2021
Brown Statement on the Confirmation of Pete Buttigieg to be Secretary of the Department of Transportation
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - incoming chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Senate confirmed Pete Buttigieg to be Secretary of the U.S. Department of Transportation (USDOT):“Mr. Buttigieg understands the dignity of work and I am confident that as Secretary of USDOT he will work to make our transportation systems more equitable and sustainable,” said Brown. “As Chairman of the Banking & Hous… Continue Reading
January 28, 2021
Brown: Wall Street Only Cares About Rules When Hedge Funds Get Hurt
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, announced today he intends to hold a hearing on the current state of the stock market: “People on Wall Street only care about the rules when they’re the ones getting hurt. American workers have known for years the Wall Street system is broken - they’ve been paying the price. It’s time for the SEC and Congress to make the economy work for everyone not … Continue Reading
January 28, 2021
Brown Opening Statement at Nomination Hearing for HUD Secretary and CEA Chair
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - presumed incoming 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 Department of Housing and Urban Development (HUD) and the Council of Economic Advisers (CEA):Sen. Brown’s remarks, as prepared for delivery, follow: Today we consider the nominations of two distinguished public servants, my Congresswoman - Marcia Fudge to lead the Dep… Continue Reading
January 26, 2021
Brown Applauds Biden Administration’s Commitment to Combat Housing Discrimination, Enforce Fair Housing Act
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - presumed incoming chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after President Biden signed four executive orders, including one that would direct the Department of Housing and Urban Development (HUD) to fully implement our fair housing laws:“More than 50 years after Congress passed the Fair Housing Act, access to housing remains unequal,” said Senator Brown. “The inequities we … Continue Reading
January 26, 2021
Brown Congratulates Todd Harper on His Designation as Chairman of the NCUA
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released a statement after President Biden announced that Todd Harper was designated as Chair of the National Credit Union Administration (NCUA):“Todd Harper has spent his career in public service and has a deep understanding of credit union issues. As a Board Member, he has fought for strong consumer protections and capital requirements. I look for… Continue Reading
January 25, 2021
Brown to Senate Colleagues: Yellen Understands the Dignity of Work
WASHINGTON, D.C. — Today, U.S. Sen. Sherrod Brown (D-OH), presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs, took to the Senate Floor to urge his colleagues to confirm Janet Yellen as Secretary of the Treasury Department. Yellen has broad bipartisan support and if confirmed, will be the first woman to hold the position.Video of the remarks can be found here.Brown’s remarks on the Senate Floor, as prepared for delivery, are below: Mr./Mdme. President,A few da… Continue Reading
January 20, 2021
Brown: DACA Recipients are Fully Eligible for FHA Loans
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released a statement after the Trump Administration announced today that it would extend federally backed mortgages to DACA recipients:“After spending years confusing borrowers and lenders, at the eleventh hour the Trump Administration finally reversed its discriminatory policy and confirmed what we all know should have been true all along - that DAC… Continue Reading
January 20, 2021
Brown, Reed Press FHFA for Information on Loan Sales Made During Covid-19 Pandemic
Washington D.C. - Today, U.S. Sen. Sherrod Brown (D-OH), presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs and Jack Reed (D-RI), sent a letter to the Federal Housing Finance Agency (FHFA) requesting clarification on the FHFA’s policy regarding loan sales by Fannie Mae and Freddie Mac (the Enterprises) during the COVID-19 pandemic. The lawmakers requested clarity on the FHFA’s and the Enterprises’ policies and urged them to do more to ensure that borrowers ar… Continue Reading
January 18, 2021
Brown Statement On The Selection Of Rohit Chopra to be Director of the Consumer Financial Protection Bureau (CFPB)
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released a statement after President-Elect Biden announced the nomination of Rohit Chopra to be Director of the Consumer Financial Protection Bureau (CFPB).“Rohit Chopra is a bold and experienced choice to serve as the next Director of the Consumer Financial Protection Bureau. In his current role as FTC Commissioner, Mr. Chopra has taken on big te… Continue Reading
January 15, 2021
Brown, Reed, Tester Object to the VA’s Covid-19 Veterans Assistance Partial Claim Payment Program Proposal
Washington D.C.- Today, U.S. Sen. Sherrod Brown (D-OH), presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs, Jack Reed (D-RI), presumed incoming chair of the U.S. Senate Committee on Armed Services, and Jon Tester (D-MT), presumed incoming chair of the U.S. Senate Committee on Veterans’ Affairs, sent a letter to the Department of Veterans Affairs (VA) expressing concern about the proposed COVID-19 Veterans Assistance Partial Claim Payment (COVID-VAPCP) program… Continue Reading
January 14, 2021
Brown Applauds Biden Economic Rescue Package, Proposal Includes Several Key Provisions Brown Has Long Fought For
WASHINGTON, D.C. — U.S. Senator Sherrod Brown (D-OH), expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after President-elect Biden announced his COVID-19 economic rescue package. The proposal includes several key priorities for which Brown has long fought:“President-elect Biden’s bold plan would deliver the results Americans voted for by increasing stimulus checks to $2,000, dramatically expanding the Child Tax… Continue Reading
January 14, 2021
Brown Blasts Trump Administration’s Changes to GSE Legal Agreements on the Way Out the Door
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Trump Administration announced significant changes to the senior preferred stock purchase agreements (PSPAs), the legal agreements between the Treasury Department and Fannie Mae and Freddie Mac (the GSEs):“At the 11th hour, the Trump administration has decided it’s time to jam through changes to the GSEs and leave… Continue Reading
January 7, 2021
Brown Statement Condemning Mass Arrests in Hong Kong
WASHINGTON, D.C. —U.S. Senator Sherrod Brown (D-OH) expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released a statement in light of the major crackdown on opposition figures in Hong Kong: “I condemn the sweeping crackdown and mass arrests of innocent opposition figures by Hong Kong’s Chinese-backed security forces. These gross abuses of the internationally-recognized human rights and democratic freedoms of the people of Hong Kong mu… Continue Reading
January 7, 2021
BROWN STATEMENT ON GEORGIA RUNOFF AND THE INCOMING DEMOCRATIC MAJORITY
WASHINGTON, D.C. —U.S. Senator Sherrod Brown (D-OH) incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today released a statement following the news that Senate Democrats have clinched the majority by winning two historic Senate races in Georgia:“I welcome my future colleagues Senator-elect Raphael Warnock and Senator-elect Jon Ossoff, who will bring valuable experience and empathy to the Senate, and allow us to deliver the change Americans demanded with … Continue Reading
January 5, 2021
Brown Blasts CFPB For Allowing Lobbyists To Weaken Consumer Protections; Urges Congress To Reject The Taskforce’s Findings
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the CFPB’s Taskforce on Federal Consumer Law released its findings:“From the outset, it was clear that the CFPB’s Taskforce on Federal Consumer Law was just a pretext to gut regulations and protections for consumers. The Taskforce members have a history of undermining the CFPB and work at law firms representing payda… Continue Reading
January 2, 2021
Brown Hails Overwhelming Senate Vote to Override Trump Veto of NDAA: Promises to Work Closely with Incoming Biden Officials to Implement New Landmark Anti-Corruption Law
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today hailed the Senate’s overwhelming 81-13 vote to override President Trump's veto of the National Defense Authorization Act (NDAA), which included Brown’s historic comprehensive anti-money laundering and corporate transparency reforms."This veto override is the final step by Congress to enact this landmark measure; now incoming Biden Administration of… Continue Reading
December 23, 2020
Waters and Brown to Mnuchin: Listen to Stakeholders, Halt Any Significant Changes to the Housing Finance System
WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Mr. Steven Mnuchin, Secretary of the Treasury, urging him to listen to concerns from all stakeholders and halt any significant changes to our housing finance system during the current crisis. The letter also requests that Mr. Mnuchin brief the… Continue Reading
December 22, 2020
Readout Of Ranking Member Brown’s Meeting with Pete Buttigieg Nominee To Be Secretary of the Department of Transportation (DOT)
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released the following readout after he met with Pete Buttigieg Nominee To Be Secretary of the Department of Transportation by President-elect Biden. If confirmed, Buttigieg would be the first LGBTQ Cabinet secretary in our nation’s history: “The Department of Transportation will play a pivotal role in getting the COVID-19 crisis under control and r… Continue Reading
December 22, 2020
SENATE PASSES GOVERNMENT FUNDING MEASURE WITH KEY WINS FOR OHIO SECURED BY BROWN
WASHINGTON, D.C. - Today, the Senate passed a government funding measure that included key wins for Ohio secured by U.S. Senator Sherrod Brown (D-OH). The package, which includes badly needed COVID-19 relief for Ohio, passed the Senate by a bipartisan margin of 91-7. The House also passed the package, which now heads to the President’s desk to be signed into law.Brown fought to include key provisions for Ohio in the final package, including language to end surprise medical bills, provisio… Continue Reading
