Minority Press Releases
Crapo Statement at Hearing on Beneficial 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: “Combating Illicit Financing by Anonymous Shell Companies Through the Collection of Beneficial Ownership Information.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. Welcome back to our panel of witnesses from our last hearing in November. “The committee will hear… Continue Reading
May 17, 2019
Crapo Statement at Hearing with Financial 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 the Financial Regulators.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today we will receive testimony from Randy Quarles, Federal Reserve Vice Chairman for Supervision; Joseph Otting, OCC Comptroller of the Currency; Jelena McWilliams, Chairman of the FDIC; and Rodney Hood, Cha… Continue Reading
May 10, 2019
Crapo, Brown Request Information from Facebook on Data Collection
WASHINGTON - United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) have requested information from Facebook regarding how it makes data available that can be used in ways that have big implications for consumers’ financial lives. The Banking Committee has been examining approaches to data privacy, including the impact on the financial services industry and how companies collect and use information in ma… Continue Reading
May 7, 2019
Crapo Statement at Data Privacy 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: “Privacy Rights and Data Collection in a Digital Economy Hearing.” The text of Chairman Crapo’s remarks, as prepared, is below. “On February 13, Senator Brown and I invited feedback from the public on the collection, use and protection of sensitive information by financial regulators and private companies in li… Continue Reading
May 2, 2019
Crapo Statement at Hearing on Guidance and Supervision
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: “Guidance, Supervisory Expectations, and the Rule of Law: How do the Banking Agencies Regulate and Supervise Institutions?” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will turn its focus to guidance, supervisory expectations, the rule of law, and how banking agencies reg… Continue Reading
April 5, 2019
Crapo Statement at Hearing on the Application of Environmental, Social and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors and Other Intermediaries
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 Application of Environmental, Social, and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors, and Other Intermediaries.”The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on the role of asset managers, proxy advisers and retail investors … Continue Reading
March 27, 2019
Crapo Statement at Housing Finance Reform Hearing, Part Two
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 the second of two hearings on his housing finance reform outline. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee continues the conversation about the state of our housing finance system, and how we can set it on a permanent, sustainable course that protects taxpayers and fosters greater compet… Continue Reading
March 26, 2019
Crapo Statement at Housing Finance Reform Hearing, Part One
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 the first of two hearings on his housing finance reform outline. The text of Chairman Crapo’s remarks, as prepared, is below. "Today, the Committee returns its focus to the state of our housing finance system. “It has now been a full decade since the government asserted control of the government-sponsored enterprises, or GSEs, F… Continue Reading
March 14, 2019
Crapo Statement at Hearing on Financial Stability Oversight Council Nonbank Designations
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 on the Financial Stability Oversight Council’s nonbank designation process. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome to the Committee three witnesses to testify on the Financial Stability Oversight Council, or FSOC, nonbank designation process: Douglas Holtz-Eakin, President of the… Continue Reading
March 12, 2019
Crapo Statement at The Consumer Financial Protection Bureau’s Semiannual 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 to receive The Consumer Financial Protection Bureau’s semiannual report to congress. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will receive testimony from Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger on the CFPB’s most recent semiannual report. “On February 12, the C… Continue Reading
February 28, 2019
Crapo Statement at Legislative Hearing on Capital Formation and Corporate Governance
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 hearing on “Legislative Proposals on Capital Formation and Corporate Governance.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on a number of legislative proposals that encourage capital formation and improve corporate governance. “It is my intent to collaborate with Senator Brown and… Continue Reading
February 26, 2019
Crapo Statement at Semiannual Monetary Policy 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 the Federal Reserve’s Semiannual Monetary Policy Report to the Congress. The text of Chairman Crapo’s remarks, as prepared, is below. “We welcome Chairman Powell to the Committee for the Federal Reserve’s Semiannual Monetary Policy Report to Congress. “This hearing provides the Committee an opportunity to examine the current state… Continue Reading
February 14, 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 hearing to consider the nominations of Mr. Bimal Patel, of Georgia, to be Assistant Secretary of the Treasury for Financial Institutions; Mr. Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; The Honorable Rodney Hood, of North Carolina, to be a Member of the National Credit Union Admi… Continue Reading
February 13, 2019
Crapo, Brown Invite Feedback on Data Privacy, Protection and Collection
WASHINGTON - United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) are inviting feedback from interested stakeholders on the collection, use and protection of sensitive information by financial regulators and private companies. “Given the exponential growth and use of data, and corresponding data breaches, it is worth examining how the Fair Credit Reporting Act should work in a digital economy, and whet… Continue Reading
February 1, 2019
Chairman Crapo Releases Outline for Housing Finance Reform
WASHINGTON - Today, Senate Banking Committee Chairman Mike Crapo (R-Idaho) released an outline for housing finance reform legislation. The outline incorporates elements of many plans and principles for housing finance reform legislation that have been discussed by legislators, analysts, stakeholders and thought leaders. “We must expeditiously fix our flawed housing finance system,” said Chairman Crapo. “My priorities are to establish stronger levels of taxpayer protection, preserve the … Continue Reading
January 29, 2019
Crapo Outlines Banking Committee Agenda for 116th Congress
WASHINGTON - Banking Committee Chairman Mike Crapo (R-Idaho) has outlined his committee agenda for the 116th Congress. The Committee will continue to identify and move bipartisan legislative solutions that promote economic growth; build a record for legislative action on the collection, use and protection of personally identifiable information by financial regulators and financial companies; advance presidentially-appointed nominees; and ensure federal agencies implement the Economic Growt… Continue Reading
January 18, 2019
Chairman Crapo and Ranking Member Brown Announce Banking Subcommittee Assignments for the 116th Congress
WASHINGTON - Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) announced the panel’s subcommittee assignments for the 116th Congress today. “I am confident in the leadership of our subcommittee chairs, who will play a critical role in promoting the Committee’s agenda in the 116th Congress,” said Chairman Crapo. “I also welcome the new members of the Committee: Senators Cramer and McSally, and Senators Sinema and … Continue Reading
January 18, 2019
Crapo Statement on Treasury Sanctions Agreement
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 on the Senate Floor regarding a resolution disapproving the Treasury Department's planned removal of sanctions on several Russian companies. As prepared for delivery: "Mr. President, I rise to speak against the resolution to disapprove the Administration’s agreement to delist Rusal, the Russian Aluminum giant, from the SDN list. "I will … Continue Reading
December 12, 2018
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 on oversight hearing with Securities and Exchange Commission (SEC) Chairman Jay Clayton. 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. “Your appearance before the committee is ess… Continue Reading
December 6, 2018
Crapo Statement at Hearing on Proxy Process and Rules
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 during a full committee hearing entitled “Proxy Process and Rules: Examining Current Practices and Potential Changes.”The text of Chairman Crapo’s remarks, as prepared, is below.“Today’s hearing will focus on several aspects of our proxy voting system, including the role of proxy advisory firms, the shareholder proposal process and retail sh… Continue Reading
