Majority Press Releases
Crapo, Brown Introduce FSOC Insurance Member Continuity Act
WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) today introduced legislation that allows the Financial Stability and Oversight Council (FSOC) to continue to benefit from the important insight and contributions of the independent member with insurance expertise if his/her replacement has not been confirmed. As the statute is currently written, the independent insurance member cannot serve beyon… Continue Reading
June 29, 2017
Brown Opening Statement at Committee Hearing on Principles of Housing Finance Reform
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 opening statement at today's hearing entitled, "Principles of Housing Finance Reform." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Principles of Housing Finance Reform" Thank you, Chairman Crapo, for holding today's hearing. All three of our witnesses have substantial experi… Continue Reading
June 27, 2017
Brown, Reed, Menendez, Warren: "Stress Test" Shows Dodd-Frank Working
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - and his Banking Committee colleagues U.S. Sens. Jack Reed (D-RI), Bob Menendez (D-NJ), and Elizabeth Warren (D-MA) said today that the strong performance of U.S. banks in the stress test is further proof that the Dodd-Frank Wall Street Reform and Consumer Protection Act is working and now is not the time to roll back the protections put in place following the 2008 fina… Continue Reading
June 22, 2017
Brown Opening Statement at Committee Hearing on Economic Growth
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 opening statement at today's hearing entitled, "Fostering Economic Growth: Regulator Perspective." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Fostering Economic Growth: Regulator Perspective" Chairman Crapo, thank you for holding today's hearing. And I'd like to welcome our… Continue Reading
June 15, 2017
Brown Opening Statement at Hearing on Economic Growth
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 opening statement at today's hearing entitled, "Fostering Economic Growth: Midsized, Regional and Large Institution Perspective" Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Fostering Economic Growth: Midsized, Regional and Large Institution Perspective" Thank you, Chairman … Continue Reading
June 13, 2017
Senators Announce Agreement on Russia Sanctions
WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho), Ranking Member Sherrod Brown (D-Ohio), Foreign Relations Committee Chairman Bob Corker (R-Tennessee) and Ranking Member Ben Cardin (D-Maryland) today announced a bipartisan agreement on legislation to strengthen and expand current U.S. sanctions on Russia. The amendment to the underlying Iran sanctions bill maintains and substantially expands sanctions against the government of Russia i… Continue Reading
June 8, 2017
Brown Opening Statement at Committee Hearing on Economic Growth
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 opening statement at today's hearing entitled, "Fostering Economic Growth: The Role of Financial Institutions in Local Communities." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Fostering Economic Growth: The Role of Financial Institutions in Local Communities" Chairman Crapo,… Continue Reading
June 7, 2017
Brown Statement on House Push to Dismantle Wall Street Reform, Consumer Protections
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - today issued the following statement as the House prepares to vote on the so-called CHOICE Act, which would dismantle the Dodd-Frank Wall Street Reform law. The bill would gut the Consumer Financial Protection Bureau, which has returned almost $12 billion to 29 million Americans who have been cheated by shadowy debt collectors, for-profit schools, and payday lenders. R… Continue Reading
June 6, 2017
Brown Statement on Trump's Nominee for Key Wall Street Watchdog
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - issued the following statement regarding President Trump's intention to nominate former OneWest Bank CEO Joseph Otting to lead the Office of the Comptroller of the Currency, a key Wall Street watchdog. "The President's choice for watchdog of America's largest banks is someone who signed a consent order - over shady foreclosure practices - with the very agency he's bee… Continue Reading
June 6, 2017
Brown Statement at Hearing on CEA, HUD Nominees
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - issued the following opening statement at today's Banking Committee hearing on the nominations of Kevin Hassett for Chairman of the Council of Economic Advisers, and Pamela Patenaude for Deputy Secretary of Housing and Urban Development. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening StatementHearing: CEA, HUD NomineesJune … Continue Reading
May 30, 2017
Brown Renews Request for Treasury to Assess Trump's Global Business Contacts
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) today renewed his request for the U.S. Treasury Department to assess whether President Trump, the Trump Organization, and his family's business associates from Russia and other countries may have violated U.S. anti-terrorist financing, sanctions, and money laundering laws. Brown once again asked Treasury Secretary Steven Mnuchin whether he has requested or received from Trump and his family a complete list of their investors and business partner… Continue Reading
May 23, 2017
Brown Statement at Committee Vote on Treasury, Commerce Nominees
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - issued the following opening statement at today's Banking Committee executive session on four nominations for key national security roles in the U.S. Treasury and Commerce Departments. The nominees are Sigal Mandelker to be Treasury Under Secretary for Terrorism and Financial Crimes; Marshall Billingslea to be Assistant Treasury Secretary for Terrorist Financi… Continue Reading
May 18, 2017
Brown Opening Statement at Treasury Secretary Mnuchin's First Banking Committee Hearing
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 opening statement at today's hearing with U.S. Treasury Secretary Steven Mnuchin entitled, "Domestic and International Policy Update." The hearing marks Mnuchin's first testimony before the Banking Committee. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening StatementHearing: "Domestic and International … Continue Reading
May 16, 2017
Brown, Wyden Ask GAO to Examine Oversight of Foreign Investors in U.S. Real Estate
WASHINGTON, D.C. - To ensure national security implications of foreign real estate investments are being fully considered, Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio, together with Sen. Ron Wyden, D-Ore., ranking member on the Senate Finance Committee, and Sen. Claire McCaskill, D-Mo., ranking member on the Homeland Security and Government Affairs Committee, today requested that the Government Accountability Office investigate how the Committee on Foreign Investment in the Uni… Continue Reading
May 16, 2017
Brown Statement on GOP Leader McConnell's Call to Gut Wall Street Reform
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - today issued the following statement regarding Senate Majority Leader Mitch McConnell's (R-KY) comments that Democrats are blocking efforts to dismantle the Dodd-Frank Wall Street reform law. "The Senate Republican leader seems to have forgotten the harm Wall Street's greed and reckless behavior caused to millions of working families and taxpayers who were forced to c… Continue Reading
May 16, 2017
Brown Opening Statement at Hearing on Treasury, Commerce Nominees
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 opening statement at today's hearing on four nominations for key national security roles in the U.S. Treasury and Commerce Departments. The nominees are Sigal Mandelker to be Treasury Under Secretary for Terrorism and Financial Crimes; Marshall Billingslea to be Assistant Treasury Secretary for Terrorist Financing; Heath Tarbert to be Tre… Continue Reading
May 11, 2017
Brown Statement at Housing Finance Hearing
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 opening statement at today's hearing entitled, "The Status of the Housing Finance System After Nine Years of Conservatorship." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening StatementHearing: "The Status of the Housing Finance System After Nine Years of Conservatorship"May 11, 2017 Thank you, Chairm… Continue Reading
May 4, 2017
Brown Opening Statement at Hearing on National Flood Insurance Program
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 opening statement, as prepared for delivery, at today's hearing entitled, "Reauthorization of the National Flood Insurance Program, Part II." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening StatementHearing: "Reauthorization of the National Flood Insurance Program, Part II" May 4, 2017 Thank you, … Continue Reading
May 3, 2017
Brown Blasts Trump's Decision to Remove Top Wall Street Watchdog
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - today issued the following statement regarding President Trump's decision to replace Comptroller of the Currency Thomas Curry as chief watchdog of the nation's largest banks. The President's decision to name an acting appointee to lead the Office of the Comptroller of the Currency comes as the Administration seeks to dismantle key Wall Street reforms enacted after the … Continue Reading
May 2, 2017
Brown Takes Senate Floor to Oppose SEC Nominee Clayton
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - today took to the Senate floor to oppose Jay Clayton's nomination as chairman of the Securities and Exchange Commission, emphasizing the need for a strong, independent watchdog to police Wall Street. Brown noted that Clayton faces a host of conflicts of interest due to the long list of giant banks and corporations that he has represented as one of Wall Street's top la… Continue Reading
