Majority Press Releases
Brown Statement on Nomination of Kathryn M. Dominguez to Board of Governors of the Federal Reserve System
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 released the following statement after President Obama announced his intention to nominate Dr. Kathryn M. Dominguez to the Board of Governors of the Federal Reserve System. "Dr. Dominguez has a distinguished academic record. I look forward to hearing her views on how the Federal Reserve can continue to maintain and strengthen the policies that have stabi… Continue Reading
July 20, 2015
In Advance of Tomorrow's Five Year Anniversary, Brown Applauds Enactment of Wall Street 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 - today released the following statement on this week's fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. "Five years after Wall Street reform became law, our economy is getting stronger and we have a financial system that is safer, more stable, and works better for taxpayers, investors, and consumers," said Brown. "We've come t… Continue Reading
July 16, 2015
Sen. Brown Opening Statement at Banking Committee's Hearing on Semiannual Monetary Policy Report to Congress
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 titled, "The Semiannual Monetary Policy Report to the Congress." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The Semiannual Monetary Policy Report to the Congress" July 16, 2015 Thank you, Chairman Shelby. And… Continue Reading
July 15, 2015
Sen. Brown Opening Statement at Hearing on CFPB Semi-Annual Report to Congress
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 on the Consumer Financial Protection Bureau's semi-annual report to Congress. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress" July 15, 2015 … Continue Reading
July 8, 2015
Sen. Brown Opening Statement at Banking Committee's Hearing on the Financial Stability Board
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 "The Role of the Financial Stability Board in the U.S. Regulatory Framework." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The Role of the Financial Stability Board in the U.S. Regulatory Framework." July … Continue Reading
June 29, 2015
Brown Statement on Expiration of Export-Import Bank's Charter
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 statement on tomorrow's expiration of the Export-Import Bank's authority to issue new loans, insurance, and credit guarantees. Unless Congress renews the bank's charter, export-related American jobs will be put at risk, and businesses in Ohio and nationwide will lose a critical tool for selling their products in the global marketplace. "Th… Continue Reading
June 25, 2015
Brown Statement on Supreme Court Ruling to Uphold Protections Against Housing Discrimination
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 statement in response to the Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project. The ruling upheld a critical tool used for more than four decades to prevent discrimination in American housing. "Today's decision is a major victory for civil rights and equal opportunity in America," … Continue Reading
June 18, 2015
Brown Applauds Treasury's Move to Feature a Woman on New $10 Bill
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 issued the following statement after U.S. Treasury Secretary Jacob J. Lew's announced that a woman will be featured on the redesigned $10 bill. The new $10 bill will be issued in 2020 during the 100th anniversary of the Constitution's 19th Amendment, which gave women the right to vote. "America's currency is one of the most visible means we have for comm… Continue Reading
June 9, 2015
Brown Urges Vote to Reauthorize Export-Import Bank
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 issued the following statement urging Congress to reauthorize the Export-Import Bank before its charter expires on June 30, 2015. "The Export-Import Bank is vital to helping U.S. businesses grow, create jobs, and compete in the global economy. Congress should continue its bipartisan tradition of reauthorizing the Export-Import Bank now and avoid another … Continue Reading
June 5, 2015
Brown Urges Action to Stop Predatory Payday Lending
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) -- ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs -- urged the nation's top consumer agency to establish strong rules to combat predatory practices in the payday loan market. The Consumer Financial Protection Bureau (CFPB) is now considering new rules to address payday lending, a practice that often traps borrowers in a cycle of debt. In a letter yesterday to CFPB Director Richard Cordray, Brown joined more th… Continue Reading
June 4, 2015
Sen. Brown Opening Statement at Banking Committee's Hearing on Oversight of Export-Import Bank
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 "Oversight of the Export-Import Bank of the United States." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Oversight of the Export-Import Bank of the United States" June 4, 2015 Thank you, Mr. Chairman, fo… Continue Reading
June 3, 2015
Committee Democrats Announce Unanimous Support for Measure to Aid Main Street Banks, Protect Consumers
WASHINGTON, D.C. - Leading Democrats on the Senate Banking and House Financial Services Committees today announced the broad support of Democratic Members for legislation to provide targeted relief to small financial institutions and protect consumers. The measure, which was introduced in both the House of Representatives and the United States Senate, has the unanimous support of Democratic Members of the respective committees. Entitled the "Community Lender Regulatory Relief and Consumer Prote… Continue Reading
June 2, 2015
Sen. Brown Opening Statement at Banking Committee's Hearing on Export-Import Bank
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 "Perspectives on the Export-Import Bank of the United States." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Perspectives on the Export-Import Bank of the United States" June 2, 2015 Thank you, Mr. Chairm… Continue Reading
May 21, 2015
Brown Urges Action to Protect Consumers' Rights in Disputes with Financial Services Providers
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 urged the nation's top consumer agency to protect consumers' right to seek legal relief in disputes with financial services companies. Brown joined more than 50 members of Congress in calling on the Consumer Financial Protection Bureau (CFPB) to eliminate the use of mandatory arbitration clauses that are often buried in the fine print of checking accou… Continue Reading
May 21, 2015
Brown, Committee Democrats Oppose Sweeping Banking Overhaul That Rolls Back Wall Street 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 - today voted against a broad financial services deregulation package during a Banking Committee markup. The legislation, which the committee approved on a party-line vote, would undermine sensible consumer protections and rules for large banks and nonbanks under the guise of helping Main Street financial institutions. "There is strong bipartisan consensus to he… Continue Reading
May 21, 2015
Sen. Brown Opening Statement at Markup of Sweeping Financial Services Overhaul
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 markup of legislation entitled "The Financial Regulatory Improvement Act of 2015." Brown's remarks, as prepared for delivery, follow. Sen. Sherrod Brown - Opening Statement Markup of "The Financial Regulatory Improvement Act of 2015" May 21, 2015 Thank you, Senator Shelb… Continue Reading
May 21, 2015
ICYMI: Consumer Advocacy Groups Oppose "The Financial Regulatory Improvement Act of 2015"
AFL-CIO: "The 2008 financial crisis nearly brought down the world's financial system. Domestically, the crisis resulted in the loss of homes, jobs, and retirement savings for millions of Americans, including thousands of our members. Working people suffered the consequences of Wall Street greed and, in 2010, many in Congress worked to pass Dodd-Frank to prevent another crisis from doing the same. The AFL-CIO then and now strongly supports Dodd-Frank, and we have consistently spoken out in opposi… Continue Reading
May 19, 2015
Banking Committee Democrats Introduce Plan to Help Main Street Banks and Protect Consumers
WASHINGTON, D.C. - Democrats on the U.S. Senate Committee on Banking, Housing, and Urban Affairs today unveiled a proposal to provide targeted regulatory relief for America's smallest financial institutions, while strengthening consumer protections. All 10 of the committee's Democrats support the plan, which they will offer as an alternative when the committee considers "The Financial Regulatory Improvement Act of 2015." "The Banking Committee's hearings this year have demonstrated that Democra… Continue Reading
April 28, 2015
Sen. Brown Opening Statement at Banking Committee's Hearing on Insurance Regulation
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 "The State of the Insurance Industry and Insurance Regulation." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The State of the Insurance Industry and Insurance Regulation." April 28, 2015 Thank you… Continue Reading
April 23, 2015
Sen. Brown Opening Statement at Banking Committee’s Hearing on Surface Transportation Reauthorization
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 "Surface Transportation Reauthorization: Building on the Successes of MAP-21 to Deliver Safe, Efficient, and Effective Public Transportation Services and Projects." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearin… Continue Reading
