Minority Press Releases
Crapo Statement at Hearing on Virtual Currency
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 during a full committee hearing entitled "Virtual Currencies: The Oversight Role of the SEC and CFTC." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, we will receive testimony from SEC Chairman Jay Clayton and CFTC Chairman Chris Giancarlo on the growing world of virtual currencies and the oversi… Continue Reading
January 30, 2018
Crapo Statement at Hearing on FSOC Annual Report
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 during a full committee hearing entitled "The Financial Stability Oversight Council Annual Report to Congress." The text of Chairman Crapo's remarks, as prepared, is below. "Today, Treasury Secretary Steven Mnuchin will testify on the Financial Stability Oversight Council's 2017 annual report and the operations and actions o… Continue Reading
January 26, 2018
Crapo Encourages Colleagues to Support Powell Nomination
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 as the Senate voted on the confirmation of Jerome Powell to be Chairman of the Board of Governors of the Federal Reserve System. Powell was confirmed by the full Senate, 84-13. "Mr. President, I rise in support of the nomination of The Honorable Jerome, or 'Jay,' Powell to be Chairman of the Board of Governors of the Federal… Continue Reading
January 25, 2018
Crapo Statement at Nominations 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 during a full committee hearing on the nominations of Ms. Jelena McWilliams, of Ohio, to be Chairperson and a Member of the Board of Directors of the Federal Deposit Insurance Corporation; Dr. Marvin Goodfriend, of Pennsylvania, to be a Member of the Board of Governors of the Federal Reserve System; and Mr. Thomas E. Workman, … Continue Reading
January 25, 2018
Crapo Statement at CFIUS Reform Hearing, Part II
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 during a full committee hearing entitled "CFIUS Reform: Administration Perspectives on the Essential Elements." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, we will receive testimony for a third time this Congress on the role of the Committee on Foreign Investment in the United States, or 'CFI… Continue Reading
January 19, 2018
Crapo Statement at Hearing on CFIUS Reform
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 during a full committee hearing entitled "CFIUS Reform: Examining the Essential Elements." The text of Chairman Crapo's remarks, as prepared, is below. "Today the Committee will begin to evaluate the essential national security elements underlying a comprehensive proposal to reform the review process used by the Committee on… Continue Reading
January 17, 2018
Crapo Statement at Money Laundering Hearing, Administration Perspective
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 during a full committee hearing entitled "Combating Money Laundering and Other Forms of Illicit Finance: Administration Perspectives on Reforming and Strengthening BSA Enforcement." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, the Committee will receive testimony from Treasury and Justice Depar… Continue Reading
January 9, 2018
Crapo Statement at Money Laundering 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 during a full committee hearing entitled "Combating Money Laundering and Other Forms of Illicit Finance: Opportunities to Reform and Strengthen BSA Enforcement." The text of Chairman Crapo's remarks, as prepared, is below. "Today's hearing is the first of two currently planned hearings to explore the difficult issues underly… Continue Reading
December 5, 2017
Banking Committee Advances S. 2155, the “Economic Growth, Regulatory Relief and Consumer Protection Act.”
WASHINGTON - Today, the Senate Banking Committee advanced the bipartisan "Economic Growth, Regulatory Relief and Consumer Protection Act," S. 2155, with 16 committee members supporting the measure. The bill will modernize regulations in a way that makes sense for small financial institutions, benefitting consumers and encouraging economic growth. S. 2155 primarily benefits credit unions, community banks, midsize banks, smaller regional banks and custody banks. It also includes important, signif… Continue Reading
December 5, 2017
Crapo Statement at Markup of S. 2155, the “Economic Growth, Regulatory Relief and Consumer Protection Act.”
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 during a full committee markup of S. 2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act." The text of Chairman Crapo's remarks, as prepared, is below. "In March, the Banking Committee issued a request for legislative proposals to help foster economic growth. "We received over 100 submissions from a br… Continue Reading
December 4, 2017
What They're Saying About S. 2155, the "Economic Growth, Regulatory Relief and Consumer Protection" Act
WASHINGTON - Tomorrow, the U.S. Senate Committee on Banking, Housing and Urban Affairs will mark up S. 2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act." Co-sponsored by 10 Republican and 10 Democrat senators, this bipartisan legislation right-sizes regulation for smaller financial institutions and includes important consumer protections for veterans, senior citizens and victims of fraud. It will improve our nation's financial regulatory framework for Main Street banks, … Continue Reading
November 28, 2017
Crapo Statement at Federal Reserve 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 during a full committee hearing on the nomination of the Honorable Jerome H. Powell, of Maryland, to be Chairman of the Board of Governors of the Federal Reserve System. The text of Chairman Crapo's remarks, as prepared, is below. "This morning we will consider the nomination of the Honorable Jerome or 'Jay' Powell to be Cha… Continue Reading
November 16, 2017
Banking Committee to Mark Up the “Economic Growth, Regulatory Relief and Consumer Protection Act” on December 5
WASHINGTON - Today, U.S. Senators released the text of the Economic Growth, Regulatory Relief and Consumer Protection Act. The bipartisan legislation right-sizes regulation for smaller financial institutions and includes important consumer protections for veterans, senior citizens and victims of fraud. Importantly, it will improve our nation's financial regulatory framework for Main Street banks, encouraging economic growth in local communities. Republican Co-Sponsors: Mike Crapo (R-Idaho), Bob… Continue Reading
November 13, 2017
Senators Announce Agreement on Economic Growth Legislation
Washington, D.C. - Today, Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Banking Committee members Joe Donnelly (D-Indiana), Heidi Heitkamp (D-North Dakota), Jon Tester (D-Montana) and Mark Warner (D-Virginia), along with other senators, announced an agreement on legislative proposals to improve our nation's financial regulatory framework and promote economic growth. Last spring, the Banking Committee issued a request for legislative proposals from stakeholders, companies and consume… Continue Reading
November 9, 2017
Banking Committee Advances North Korea Sanctions Bill
WASHINGTON, D.C. - Today, the U.S. Senate Committee on Banking, Housing and Urban Affairs advanced the "Otto Warmbier Banking Restrictions Involving North Korea Act of 2017." The bill is titled in honor of Ohioan Otto Warmbier, who lost his life after being held prisoner by the North Korean regime. The bill, as amended, was passed unanimously by the Banking Committee. A North Korea armed with nuclear weapons presents an existential threat to several of its Asian neighbors, as well as a great d… Continue Reading
November 1, 2017
Senators Announce Bipartisan Agreement on North Korea Sanctions Bill
WASHINGTON, D.C. - Today, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), joined by Banking Committee members Pat Toomey (R-Pennsylvania) and Chris Van Hollen (D-Maryland), reached an agreement on bipartisan legislation to strengthen and expand current U.S. sanctions on North Korea. The legislation is scheduled to be acted on by the Banking Committee next week. The bill is titled the "Otto Warmbier Banking Rest… Continue Reading
November 1, 2017
Crapo Statement at Export-Import Bank Nominations 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 during a full committee hearing on the nominations of The Honorable Scott Garrett, of New Jersey, to be President of the Export-Import Bank; Ms. Kimberly A. Reed, of West Virginia, to be First Vice President of the Export-Import Bank; The Honorable Spencer Bachus III, of Alabama, to be a Member of the Board of Directors of the… Continue Reading
October 27, 2017
Chairman Crapo on CFPB Arbitration Rule
Washington, D.C. - Today, Senate Republicans, led by Banking Committee Chairman Mike Crapo (R - Idaho), voted to overturn a controversial rule that would ban certain financial contracts from including arbitration agreements that prevent consumers from filing or participating in class action lawsuits. Below are Chairman Crapo's comments on the Senate Floor delivered before the final vote. Chairman Crapo's remarks, as prepared for delivery: "Mr. President, I rise today to discuss the flawed an… Continue Reading
October 26, 2017
Crapo Statement at HUD Nominations 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 during a full committee hearing on the nominations of The Honorable Brian D. Montgomery, of Texas, to be Assistant Secretary for Housing - Federal Housing Commissioner, U.S. Department of Housing and Urban Development; Mr. Robert Hunter Kurtz, of Virginia, to be Assistant Secretary for Public and Indian Housing, U.S. Departmen… Continue Reading
October 24, 2017
Crapo Statement at SEC, Mint Nominations 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 during a full committee hearing on the nominations of The Honorable David J. Ryder to be the Director of the United States Mint; Ms. Hester M. Pierce to be a Member of the Securities and Exchange Commission; and Mr. Robert J. Jackson, Jr. to be a Member of the Securities and Exchange Commission. The text of Chairman Crapo's r… Continue Reading
