Minority Press Releases
Crapo Statement at Hearing on Threats Posed by State-Owned Enterprises to Public Transportation
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Threats Posed by State-Owned and State-Supported Enterprises to Public Transportation.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on the threats posed by state-owned and state-supported enterprises on public transportation. “Last year, Ranking Member Brown and I … Continue Reading
February 25, 2020
Crapo Statement at Transit Reauthorization Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Surface Transportation Reauthorization: Public Transportation Stakeholders’ Perspectives.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on the reauthorization of the FAST Act, the nation’s current surface transportation bill, which expires on September 30.“We will h… Continue Reading
February 13, 2020
Crapo Statement at Nomination Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing for nominees to the Federal Reserve Board of Governors. The text of Chairman Crapo’s remarks, as prepared, is below. “This morning, we will consider the nominations of the Honorable Judy Shelton to be a Member of the Board of Governors of the Federal Reserve System and Dr. Christopher Waller to be a Member of the Board … Continue Reading
February 12, 2020
Crapo Statement at Hearing on Semiannual Monetary Policy Report to Congress
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “The Semiannual Monetary Policy Report to the Congress.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, Federal Reserve Chairman Jerome Powell will update the Committee on monetary policy developments and the state of the U.S. economy. “The U.S. economy continued to expand in 2019, exceedin… Continue Reading
December 18, 2019
Chairman Crapo Outlines Concerns with Cannabis Banking Legislation
WASHINGTON - Senate Banking Committee Chairman Mike Crapo (R-Idaho) is inviting public feedback on ways to address public health and money laundering concerns with cannabis banking. Input is also requested on “Operation Choke Point,” an Obama-era initiative in which federal agencies devised and relied upon a list of politically disfavored merchant categories (e.g., firearm manufacturers, payday lenders, etc.) with the intent of “choking off” these merchants’ access to payment systems and… Continue Reading
December 10, 2019
Crapo Statement at SEC Oversight Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Oversight of the Securities and Exchange Commission.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today we will receive testimony from Securities and Exchange Commission Chairman Jay Clayton regarding the work and agenda of the SEC. “I thank you for your willingness to appear before the Com… Continue Reading
December 5, 2019
Crapo Statement at Hearing with Prudential Regulators
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Oversight of Financial Regulators.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today we will receive testimony from: the Honorable Randal Quarles, Federal Reserve Vice Chairman for Supervision; the Honorable Jelena McWilliams, Chairman of the FDIC; and the Honorable Rodney Hood, Chairman of t… Continue Reading
November 20, 2019
Crapo Statement at Nomination Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a nomination hearing for individuals nominated to the Department of the Treasury, the Department of Housing and Urban Development, and the Export-Import Bank. The text of Chairman Crapo’s remarks, as prepared, is below. “This morning, the Committee will receive testimony from five nominees who have been selected to serve in key ro… Continue Reading
November 20, 2019
Crapo Statement at TRIA Markup
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to mark up S. 2877, the “Terrorism Risk Insurance Program Reauthorization Act of 2019.” The text of Chairman Crapo’s remarks, as prepared, is below. “The Terrorism Risk Insurance Act of 2002, or TRIA, established the Terrorism Risk Insurance Program in response to widespread unavailability of terrorism risk insurance in … Continue Reading
November 20, 2019
Banking Committee Advances Bipartisan Terrorism Risk Insurance Program Reauthorization
WASHINGTON - Today, the U.S. Senate Committee on Banking, Housing and Urban Affairs advanced S. 2877, the “Terrorism Risk Insurance Program Reauthorization Act of 2019” out of committee with unanimous support. This legislation extends the existing TRIA program for seven years while taking steps to further protect taxpayers. “The terrorist attacks on September 11, 2001 devastated U.S. citizens, households and businesses, and a lack of insurance coverage had a destabilizing effect on our… Continue Reading
November 7, 2019
Crapo Statement at Hearing on Affordable, Safe Housing Legislation
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Examining Bipartisan Bills to Promote Affordable Housing Access and Safety.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will receive testimony from leaders in the housing community on bipartisan opportunities this Congress to expand access to affordable housing, to improv… Continue Reading
October 24, 2019
Crapo Statement at Hearing on Data Ownership
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Data Ownership: Exploring Implications for Data Privacy Rights and Data Valuation.” The text of Chairman Crapo’s remarks, as prepared, is below. “We welcome to the Committee four witnesses with extensive experience and a range of perspectives on issues related to data ownership, valuation and privacy, includin… Continue Reading
October 22, 2019
Crapo Statement at Hearing on the Consolidated Audit Trail
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Oversight of the Status of the Consolidated Audit Trail.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on oversight of the status of the Consolidated Audit Trail, commonly referred to as the ‘CAT.’ “In 2010, in response to the Flash Crash and a number of other market… Continue Reading
October 17, 2019
Crapo Statement at CFPB Semi-Annual Report
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will receive testimony from CFPB Director Kathy Kraninger on the CFPB’s semiannual report. “On October 07, the CFPB issued its Spring 2019 Semiannual Report, whic… Continue Reading
October 10, 2019
Crapo Statement on Federal Reserve’s Vote to Right-Size Regulation
WASHINGTON - Today, consistent with the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), and additional efforts by the Federal Reserve, the Federal Reserve finalized the framework for applying prudential standards to institutions based on their risk profiles. Appropriately tailoring regulatory capital, stress testing, and liquidity regulations not only ensures proper behavior and safety for our markets, but makes sure that the burden on financial institutions is n… Continue Reading
September 25, 2019
Crapo Statement at Faster Payments Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Facilitating Faster Payments in the U.S.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will turn its focus to facilitating faster payments in the United States. “Faster payments are important and yield economic benefits for both consumers and businesses by providing the… Continue Reading
September 12, 2019
Crapo Statement at Hearing on International Insurance
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Developments in Global Insurance Supervisory and Regulatory Forums.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome to the Committee the three members of ‘Team USA’ representing the U.S. in international insurance supervisory and regulatory forums, including: Steven Seitz, Dire… Continue Reading
September 10, 2019
Crapo Statement at Housing Finance Reform Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Housing Finance Reform: Next Steps.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we are joined by the leading voices within the Administration on reforming and strengthening our housing finance system: the Secretary of the Treasury and the Secretary of Housing and Urban Development, bo… Continue Reading
September 5, 2019
Crapo Statement on Administration Housing Reform Plans
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued the following statement on the housing reform reports issued today by the Administration: “Earlier this year, I released a housing finance reform outline that would fix our flawed housing finance system by establishing stronger levels of taxpayer protection, preserving the 30-year fixed rate mortgage, increasing competition among mortgage guarantors an… Continue Reading
July 30, 2019
Crapo Statement at Hearing on Digital Currencies and Blockchain
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, ““Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The text of Chairman Crapo’s remarks, as prepared, is below. “Last Congress, this Committee held two hearings examining the digital currency ecosystem. “In those hearings, we heard about some of the developments that have occurred within… Continue Reading
