Minority Press Releases
Crapo Statement at Money Laundering 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 during a full committee hearing entitled, “Combating Money Laundering and Other Forms of Illicit Finance: Regulatory and Law Enforcement Perspectiveson Reform.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “This morning marks the fourth time this year that members of the Banking C… Continue Reading
November 29, 2018
Crapo Statement at Hearing with Federal Reserve Vice Chairman for 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 during a full committee hearing entitled, “The Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.” The text of Chairman Crapo’s remarks, as prepared, is below.“Today we will receive testimony from Federal Reserve Vice Chairman for Supervision Randy Quarles regarding the efforts, activities, obje… Continue Reading
October 12, 2018
Crapo, Brown Applaud Passage of Hezbollah Sanctions Bill
WASHINGTON- The U.S. Senate passed the bipartisan Hezbollah InternationalFinancing Prevention Amendments Act (S. 1595), backed by Senate Banking Committee ChairmanMike Crapo (R-Idaho) and Ranking MemberSherrod Brown (D-Ohio), Senators Marco Rubio (R-Florida) and Jeanne Shaheen(D-New Hampshire), and House Foreign Affairs Committee Chairman Ed Royce (R-California)and Ranking Member Eliot Engel (D-New York). The bill now heads to thePresident to be signed into law. AsChairman and Ranking Member of… Continue Reading
October 11, 2018
Crapo Statement at Hearing on Cryptocurrency
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 “Exploring the Cryptocurrency and Blockchain Ecosystem.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will continue its exploration of the opportunities and challenges surrounding the cryptocurrency and blockchain ecosystem. “Prior to the introduction of … Continue Reading
October 2, 2018
Crapo Statement at Hearing on Implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155)
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 “Implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will hear from four agencies responsible for the supervision and regulation of banks or credit unions. “Each will provide an overview … Continue Reading
September 26, 2018
TRIP Act Passes Senate by Unanimous Consent
WASHINGTON, D.C. - Today, Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), along with Senator Tammy Duckworth (D-Illinois), lauded passage of the Transit Rail Inspection Practices Act, or "TRIP" Act, a bipartisan bill that ensures State safety programs are providing sufficient oversight of rail transit systems through inspections. Introduced in June, the legislation stems from the Committee's ongoing oversight work and recommendations from a Government … Continue Reading
September 21, 2018
Crapo Bill Allows Consumers to Freeze and Unfreeze Credit for Free
WASHINGTON, D.C. - Today, the Federal Trade Commission announced that a provision in Senator Crapo’s Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) will go into effect, providing consumers who are concerned about identity theft or data breaches the option to freeze their credit and place one-year fraud alerts for free. Prior to the enactment of the bill, Idahoans had to pay up to $6 to place or remove freezes. The bipartisan Economic Growth, Regulatory Relief … Continue Reading
September 18, 2018
Crapo Statement at Fintech 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 during a full committee hearing entitled ““Fintech: Examining Digitization, Data, and Technology.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will hear four very unique perspectives on a segment of financial technology, or ‘fintech.’ “Almost exactly one year ago, the committee held a hearing to explore the … Continue Reading
September 13, 2018
Crapo Statement at Russia Sanctions 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 during a full committee hearing entitled “Countering Russia: Assessing New Tools.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “Let me begin by thanking our witnesses for agreeing to testify this afternoon, and to help the committee gain a better understanding on what might motivate th… Continue Reading
September 6, 2018
Crapo Statement at Russia Sanctions 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 during a full committee hearing entitled “Outside Perspectives on Russia Sanctions: Current Effectiveness and Potential for Next Steps." The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “The Committee meets today for its second of three hearings on sanctions against the Russian Federation… Continue Reading
August 23, 2018
Crapo Statement at Nomination Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks at a nomination hearing for nominees to the Bureau of Consumer Financial Protection, or the Bureau; Export-Import Bank; Securities and Exchange Commission; Government National Mortgage Association, or Ginnie Mae; Department of Housing and Urban Development; and Office of Financial Research. “I call this Committee to ord… Continue Reading
August 21, 2018
Crapo Statement at Hearing on Russia Sanctions
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing entitled: “Russia Sanctions: Current Effectiveness and Potential for Next Steps." "The hearing will come to order. "This morning the Committee will receive testimony from senior administration officials from the Departments of Treasury, State and Homeland Security on the implemen… Continue Reading
July 24, 2018
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. Elad L. Roisman, of Maine, to be a Member of the Securities and Exchange Commission; Mr. Michael R. Bright, of the District of Columbia, to be President of the Government National Mortgage Association (Ginnie Mae); Ms. Rae Oliver Davis, of Virginia, to be Inspector General, U.S. Departme… Continue Reading
July 19, 2018
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 Ms. Kathleen Laura Kraninger, of Ohio, to be Director of the Bureau of Consumer Financial Protection, and Ms. Kimberly A. Reed, of West Virginia, to be President of the Export-Import Bank. The text of Chairman Crapo’s remarks, as prepared, is below. “This morning, we will consider the nomina… Continue Reading
July 17, 2018
Crapo Statement at Federal Reserve’s 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 a hearing entitled “The Semiannual Monetary Policy Report to Congress.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome Chairman Powell back to the Committee for the Federal Reserve’s Semiannual Monetary Policy Report to Congress. “This hearing provides the Committee an opportunity to explore the cu… Continue Reading
July 12, 2018
Crapo Statement at Hearing on Credit Bureaus
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 “An Overview of the Credit Bureaus and the Fair Credit Reporting Act.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing is entitled ‘An Overview of the Credit Bureaus and the Fair Credit Reporting Act.’ “Credit bureaus play a valuable role in our financial system by helping financial … Continue Reading
June 28, 2018
Crapo Statement at Corporate Governance 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 “Legislative Proposals to Examine Corporate Governance.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on several legislative proposals to improve corporate governance. “As with Tuesday’s hearing on capital formation proposals, I intend to work with Ranking Member Brown … Continue Reading
June 26, 2018
Crapo, Brown, Duckworth Introduce TRIP 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), along with Senator Tammy Duckworth (D-Illinois), today introduced legislation to enhance rail transit safety. The Transit Rail Inspection Practices Act, or “TRIP” Act, ensures State safety programs are providing sufficient oversight of rail transit systems through inspections. The legislation stems from the Committee’s ongoing oversight wo… Continue Reading
June 26, 2018
Crapo Statement at Hearing on Proposals to Increase Access to Capital
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 “Legislative Proposals to Increase Access to Capital.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on several legislative proposals that will encourage capital formation and reduce burdens for smaller businesses and communities. “My goal is to work with Senator Brow… Continue Reading
June 14, 2018
Crapo Statement at OCC 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 receive an update from the Comptroller of the Currency. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will hear from Comptroller of the Currency Joseph Otting. “Since being sworn in last November, Comptroller Otting has been focused on right-sizing regulations and furthering the mission of the… Continue Reading
