Minority Press Releases
Crapo Statement at Data Security 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: "Consumer Data Security and the Credit Bureaus." The text of Chairman Crapo's remarks, as prepared, is below. "The Committee will come to order. "As a follow-up to our hearing on the Equifax data breach, today we will receive testimony on the protection of consumer data at credit bu… Continue Reading
October 4, 2017
Crapo Statement at Equifax 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: "An Examination of the Equifax Cybersecurity Breach." The text of Chairman Crapo's remarks, as prepared, is below. "This morning we will hear testimony from Richard Smith, former Chairman and Chief Executive Officer of Equifax, who held those positions until last week. "I understand… Continue Reading
October 3, 2017
Crapo Statement at Wells Fargo 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: "Wells Fargo: One Year Later." The text of Chairman Crapo's remarks, as prepared, is below. "Before we begin today, let me acknowledge that our nation is still mourning and remembering the lives lost in Las Vegas. "Our condolences go out to the families affected by this heinous crim… Continue Reading
September 28, 2017
Crapo Statement at North Korea Sanctions 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: "Evaluating Sanctions Enforcement and Policy Options on North Korea: Administration Perspectives." The text of Chairman Crapo's remarks, as prepared and submitted to the record, is below. "This morning, the Committee will receive testimony from Administration witnesses on the effor… Continue Reading
September 26, 2017
Senate Passes FSOC Insurance Member Continuity Act
WASHINGTON - Today, United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) lauded the passage of the Financial Stability Oversight Council (FSOC) Insurance Member Continuity Act (H.R. 3110). "This simple fix will allow the FSOC to continue to benefit from the important insight and contributions of the independent member with insurance expertise if their replacement has not been confirmed," said Crapo. "I thank… Continue Reading
September 26, 2017
Crapo Statement at SEC Oversight 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: "Oversight of the U.S. 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. "Thank you, Chairman Clay… Continue Reading
September 15, 2017
Crapo Statement at CFIUS 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: "Examining the Committee on Foreign Investment in the United States (CFIUS)." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, the Committee is meeting to receive testimony on the role of the Committee on Foreign Investment in the United States, or CFIUS, a… Continue Reading
September 12, 2017
Crapo Statement at Fintech 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: "Evaluating the Fintech Landscape." The text of Chairman Crapo's remarks, as prepared, is below. "Last night, the Senate passed several bipartisan securities bills that we marked up earlier this year - bills that will improve economic growth and investor protections. "Thank you, Sen… Continue Reading
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
