Minority Press Releases
Crapo Statement at Hearing on National Flood Insurance Program, 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 opening remarks during a full committee hearing entitled: "Reauthorization of the National Flood Insurance Program, Part II." The text of Chairman Crapo's remarks, as prepared, is below. "During our last flood insurance hearing, Mr. Wright outlined FEMA's four core principles for reauthorization, including: "An on-time, multi-year … Continue Reading
May 2, 2017
Crapo Statement at Hearing on U.S.-E.U. Covered Agreement
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: "Examining the U.S. - E.U. Covered Agreement." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we are joined by a panel of witnesses who will provide the Committee with a comprehensive discussion on the U.S. - E.U. covered agreement. "These witnesses rep… Continue Reading
April 27, 2017
Chairman 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: "Countering Russia: Further Assessing Options for Sanctions." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, the Committee will receive testimony on the smart use of sanctions to counter Kremlin military incursions in Ukraine, Syria, and its incre… Continue Reading
March 28, 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 opening remarks during a full committee hearing on "Fostering Economic Growth: The Role of Financial Companies." The text of Chairman Crapo's remarks, as prepared, is below. "A strong and vibrant economy is important for American consumers, businesses, and the stability of the financial sector. "Financial companies of all sizes and… Continue Reading
March 23, 2017
Crapo Remarks 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 opening remarks during a full committee hearing on the nomination of Jay Clayton to be a member of the Securities and Exchange Commission. The text of Chairman Crapo's remarks, as prepared, is below. "This hearing will come to order. "This morning, we will hear testimony on the nomination of Jay Clayton to be the Chairman of the Un… Continue Reading
March 20, 2017
Crapo, Brown Request Proposals to Foster Economic Growth
WASHINGTON - Today, United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) announced a process for soliciting legislative proposals to increase economic growth. "Ranking Member Brown and I have designed an orderly process for consideration of proposals that will help consumers, market participants, and financial companies responsibly participate in the economy in a more effective and efficient manner," said Ch… Continue Reading
March 15, 2017
Crapo Opening Remarks 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 on "Assessing U.S. Sanctions on Russia: Next Steps." The text of Chairman Crapo's remarks, as prepared, is below. "This hearing will come to order. "Today, we will examine the existing Russian sanctions architecture in terms of its effectiveness and economic impact and assess what cor… Continue Reading
March 14, 2017
Crapo Statement at Hearing on National Flood Insurance Program
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 "Reauthorization of the National Flood Insurance Program, Part I." The text of Chairman Crapo's remarks, as prepared, is below. "This hearing will come to order. "We are joined by Roy Wright, Deputy Associate Administrator of Insurance and Mitigation at the Federal Emergency Mana… Continue Reading
March 9, 2017
Senate Banking Committee Advances Securities Bills
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, issued the following statement on the passage of several bipartisan securities bills out of committee: "Today, the Banking Committee advanced a number of securities bills that will improve economic growth and investor protections," said Chairman Crapo. "These bills were introduced with bipartisan support in previous Congresses, and we continued that course today b… Continue Reading
February 14, 2017
Crapo Statement at Hearing on the Fed's Semiannual Monetary Policy 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 opening remarks during a full committee hearing on "The Semiannual Monetary Policy Report to the 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 ec… Continue Reading
February 3, 2017
Chairman Crapo Statement on Administration Financial Reforms
WASHINGTON - Senate Banking Committee Chairman Mike Crapo (R-Idaho) issued the following statement regarding reforms to the U.S. financial system announced by the Trump Administration today: "I fully support the core principles for regulating the United States financial system that were outlined in the President's executive order today. Directing the Secretary of Treasury to consult with the heads of the member agencies of the Financial Stability Oversight Council and reporting to the Presid… Continue Reading
January 24, 2017
Banking Committee Approves HUD Nominee
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, released the following statement on the Committee's approval of Dr. Benjamin Carson, of Michigan, to be Secretary of the U.S. Department of Housing and Urban Development (HUD). "Dr. Carson has achieved a great deal of success during his impressive and accomplished career, and I was encouraged by his recent testimony before the Committee. He is committed to carr… Continue Reading
January 17, 2017
Chairman Crapo and Ranking Member Brown Announce Banking Subcommittee Assignments for 115th 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 115th Congress today. "The Banking Committee has a strong history of bipartisanship, and I intend to continue that tradition in the 115th Congress," said Chairman Crapo. "I am confident in the leadership of our subcommittee chairs and look forward to working with them as we address the critical issue… Continue Reading
January 12, 2017
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 opening statement during a full committee hearing on the nomination of Secretary-Designate Dr. Benjamin Carson, of Michigan, to be Secretary of the U.S. Department of Housing and Urban Development (HUD). The text of Chairman Crapo's remarks, as prepared, is below. "First this morning, I would like to welcome the new members to t… Continue Reading
December 5, 2016
SHELBY, BROWN BILL TO CRACK DOWN ON MONEY LAUNDERING AND TERRORIST-FINANCING CLEARS SENATE
WASHINGTON, D.C. - Today, U.S. Sens. Richard Shelby (R-AL) and Sherrod Brown (D-OH) - chair and ranking member of the Senate Banking, Housing, and Urban Affairs Committee - announced Senate passage of their bill to improve the U.S.'s ability to prevent, detect, and stop illicit finance by expanding the ability of the Treasury Department to target money laundering. In addition to cracking down on money laundering, the bill would also direct the President to oversee the creation of a comprehensive… Continue Reading
October 11, 2016
Shelby Statement on the CFPB’s Unconstitutional Structure
WASHINGTON D.C. - Tuesday, October 11, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after a U.S. Court of Appeals for the District of Columbia Circuit ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional: "For years I have argued that supporters of Dodd-Frank sacrificed our Constitution in the name of bureaucratic independence. While the cour… Continue Reading
September 20, 2016
Shelby Opening Remarks at Wells Fargo Hearing
WASHINGTON, DC - Tuesday, September 20, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing on "An Examination of Wells Fargo's Unauthorized Accounts and the Regulatory Response." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will learn more about the events and circumstances that led to the enforcement act… Continue Reading
September 13, 2016
Shelby Reacts to Comments by Head of NFIP in Senate Banking Hearing
WASHINGTON D.C. - Tuesday, September 13, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after a full committee hearing that set the stage for reforming the National Flood Insurance Program (NFIP): "For years I have worked to reform the flood insurance program to more accurately reflect the risk to homeowners, which in turn results in actuarially sound flood insurance premiums. Dur… Continue Reading
September 13, 2016
Shelby Opening Statement in Hearing On Setting the Stage For Flood Insurance Reauthorization
WASHINGTON, DC - Tuesday, September 13, 2016 - U.S. Senator Richard Shelby (R-Ala.), 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 National Flood Insurance Program: Reviewing the Recommendations of the Technical Mapping Advisory Council's 2015 Annual Report." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will hear testimony related to the… Continue Reading
July 14, 2016
Shelby Opening Statement at Hearing on Evaluating the Financial Risks of China
WASHINGTON, DC - Thursday, July 14, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing entitled, "Evaluating the Financial Risks of China." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will hear testimony on the Chinese economy and the risks it may pose to the United States. "This hearing comes… Continue Reading
