Minority Press Releases

September 7, 2017

Crapo Statement at Hearing on North Korea 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 remarks during a full committee hearing entitled: "Evaluating Sanctions Enforcement and Policy Options on North Korea." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will receive testimony from three sanctions experts on how to intelligently and effectively use the various tools of sanctions and… Continue Reading


July 27, 2017

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 Mr. Joseph Otting, of Nevada, to be Comptroller of the Currency; and The Honorable Randal Quarles, of Colorado, to be a Member of the Board of Governors of the Federal Reserve System; Reappointment as a Member of the Board of Governors of the Federal Reserve System; and Vic… Continue Reading


July 20, 2017

Crapo Statement at Small Lender Housing 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 "Housing Finance Reform: Maintaining Access for Small Lenders." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will continue its series of hearings on housing finance reform. "In May, Treasury Secretary Mnuchin and FHFA Director Watt both appear… Continue Reading


July 20, 2017

Senators File Resolution Disapproving of CFPB Arbitration Rule

WASHINGTON, D.C. - Today, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Republican colleagues will file a Congressional Review Act (CRA) Joint Resolution of Disapproval in the Senate against the Consumer Financial Protection Bureau's (CFPB) arbitration rule. "Members of Congress previously expressed concerns with the proposed version of the rulemaking - concerns that were not addressed in the final rule," said Chairman Crapo. "The rule is based on… Continue Reading


July 18, 2017

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 Mr. J. Paul Compton, Jr., of Alabama, to be General Counsel, U.S. Department of Housing and Urban Development; Ms. Anna M. Farias, of Texas, to be Assistant Secretary for Fair Housing and Equal Opportunity, U.S. Department of Housing and Urban Development; Mr. Neal J. Rackl… Continue Reading


July 17, 2017

Crapo, Brown Introduce Bill to Reauthorize and Reform National Flood Insurance Program

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) introduced the National Flood Insurance Program Reauthorization Act of 2017, a bill to reauthorize and reform the National Flood Insurance Program (NFIP), which expires on September 30, 2017. The legislation, which serves as a base text, would extend the existing national flood insurance program for six years and includes many important r… Continue Reading


July 13, 2017

Crapo Statement at Semiannual Monetary Policy Report 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 opening remarks during a full committee hearing on the Semiannual Monetary Policy Report to Congress. The text of Chairman Crapo's remarks, as prepared, is below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen regarding the Fed's semiannual report to Congress on monetary policy and the state of the econom… Continue Reading


June 29, 2017

Crapo Statement at Housing Finance 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 opening remarks during a full committee hearing entitled: "Principles of Housing Finance Reform." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will discuss and receive testimony on important principles of housing finance reform. "Reforming the housing finance system is one of my key priorities… Continue Reading


June 22, 2017

Crapo Statement at Economic Growth Hearing with Regulators

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 hearing entitled: "Fostering Economic Growth: Regulator Perspective." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will hear from financial regulators to receive legislative and regulatory recommendations that would foster economic growth. "Based on conversations I have had with current and … Continue Reading


June 16, 2017

Crapo Secures Passage of Russia Sanctions Bill

WASHINGTON, D.C. - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, secured passage of the Countering Russian Aggression and Cyberattacks Act of 2017 today, legislation introduced yesterday as an amendment to the underlying Iran sanctions bill. The amendment passed 97-2. "This legislation signals to the world the United States' unflagging commitment to the sanctity of territorial integrity, human rights, and good governanc… Continue Reading


June 15, 2017

Crapo Statement at Economic Growth Hearing, Part 3

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 hearing entitled: "Fostering Economic Growth: The Role of Financial Institutions in Local Communities: Midsized, Regional, and Large Institution Perspective." The text of Chairman Crapo's remarks, as prepared, is below. "Last week, we received testimony on the role financial institutions play in fostering economic growt… Continue Reading


June 13, 2017

Crapo Statement on Russia Sanctions Amendment

U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, took to the Senate Floor today to discuss his legislation to expand and strengthen sanctions on the Russian Federation. The amendment to the underlying Iran sanctions bill represents a bipartisan agreement among Banking Committee Chairman Crapo, Ranking Member Sherrod Brown (D-Ohio), Senate Foreign Relations Committee Chairman Bob Corker (R-Tennessee) and Ranking Member Ben Ca… Continue Reading


June 12, 2017

Senators Announce Agreement on Russia Sanctions

WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho), Ranking Member Sherrod Brown (D-Ohio), Foreign Relations Committee Chairman Bob Corker (R-Tennessee) and Ranking Member Ben Cardin (D-Maryland) today announced a bipartisan agreement on legislation to strengthen and expand current U.S. sanctions on Russia. The amendment to the underlying Iran sanctions bill maintains and substantially expands sanctions against the government of Russia i… Continue Reading


June 8, 2017

Economic Growth Proposals


June 8, 2017

Crapo Statement at Economic Growth 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 hearing entitled: "Fostering Economic Growth: The Role of Financial Institutions in Local Communities." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will receive testimony on the role financial institutions play in fostering economic growth in local communities. "Community financial instituti… Continue Reading


June 6, 2017

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 Mr. Kevin Allen Hassett, of Massachusetts, to be Chairman of the Council of Economic Advisers, and the Honorable Pamela Hughes Patenaude, of New Hampshire, to be Deputy Secretary of Housing and Urban Development. The text of Chairman Crapo's remarks, as prepared, is below… Continue Reading


June 1, 2017

Crapo, Brown Plan to Strengthen Russia Sanctions

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) announced a bipartisan agreement on legislation to strengthen and expand current U.S. sanctions on Russia. The Banking Committee has held hearings to assess the effects of U.S. sanctions imposed three years ago against the Russian Federation for its invasion and illegal annexation of Crimea. The hearings also assessed the prospects for imp… Continue Reading


May 18, 2017

Crapo Statement at Domestic and International Policy Update

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 hearing entitled, "Domestic and International Policy Update" with U.S. Treasury Secretary Steven Mnuchin. The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will receive testimony from the Secretary of the United States Department of Treasury on domestic and international policy issues. "Thank… Continue Reading


May 16, 2017

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 Sigal Mandelker, of New York, to be Under Secretary of Treasury for Terrorism and Financial Crimes; Marshall Billingslea, of Virginia, to be Assistant Secretary of the Treasury for Terrorist Financing; Heath P. Tarbert, of Maryland, to be Assistant Secretary of the Treasury… Continue Reading


May 11, 2017

Crapo Statement at Housing Finance 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 opening remarks during a full committee hearing entitled: "The Status of the Housing Finance System After 9 Years of Conservatorship." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will receive testimony from Federal Housing Finance Agency (FHFA) Director Mel Watt on the status of the housing finance system… Continue Reading

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