Minority Press Releases
Shelby Opening Statement at Hearing on Bank Capital and Liquidity Regulation
WASHINGTON, DC - Thursday, June 23, 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, "Bank Capital and Liquidity Regulation Part II: Industry Perspectives." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will continue the Committee's examination of one of the most critical areas under its jurisdict… Continue Reading
June 21, 2016
Shelby Statement at Hearing on the Fed’s Semiannual Monetary Policy Report
WASHINGTON, DC - Tuesday, June 21, 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 Semiannual Monetary Policy Report to the Congress." The text of Chairman Shelby's remarks, as prepared, is below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen regarding the Fed's semiannual report on monetary policy… Continue Reading
June 14, 2016
Shelby Opening Statement at SEC Oversight Hearing
WASHINGTON, DC - Tuesday, June 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 "Oversight of the U.S. Securities and Exchange Commission." The text of Chairman Shelby's remarks, as prepared, is below. "This morning we will receive testimony from Securities and Exchange Commission Chair Mary Jo White. Oversight of the C… Continue Reading
June 7, 2016
Shelby Opening Statement at Hearing on Bank Capital and Liquidity Regulation
WASHINGTON, DC - Tuesday, June 7, 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, "Bank Capital and Liquidity Regulation." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will hear testimony regarding one of the most critical areas of this Committee's jurisdiction: the regulation of the U.S. bankin… Continue Reading
May 25, 2016
Shelby Opening Statement at Hearing on Understanding the Role of Sanctions Under the Iran Deal
WASHINGTON, DC - Wednesday, May 25, 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 "Understanding the Role of Sanctions Under the Iran Deal: Administration Perspectives." The text of Chairman Shelby's remarks, as prepared, is below. "Yesterday, the Committee received testimony from a panel of experts on the challenges and … Continue Reading
May 24, 2016
Shelby Remarks at Hearing on Understanding the Role of Sanctions Under the Iran Deal
WASHINGTON, DC - Tuesday, May 24, 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 "Understanding the Role of Sanctions Under the Iran Deal." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will receive testimony on the repercussions of lifting economic sanctions from the world's leading state … Continue Reading
May 19, 2016
Shelby Remarks on the Senate Floor Regarding the Affirmatively Furthering Fair Housing Rule
WASHINGTON D.C. - Thursday, May 19, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today spoke on the Collins-Reed amendment to the Transportation, Housing and Urban Development Appropriations bill. The text of Senator Shelby's remarks, as prepared, is below. "Mr. President, I rise to support the Collins amendment, but not as an alternative to the Lee amendment. "Senators should be aware that the Collins-Reed amendment pro… Continue Reading
May 19, 2016
Shelby Statement on Senator Lee’s Amendment to Prevent Implementation of HUD’s Affirmatively Furthering Fair Housing
WASHINGTON D.C. - Thursday, May 19, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today spoke on the Senate floor in favor of Senator Mike Lee's amendment to the Transportation, Housing and Urban Development Appropriations bill. The text of Senator Shelby's remarks, as prepared, is below. "Mr. President, I rise in support of Senator Lee's amendment to prevent the implementation of HUD's Affirmatively Furthering Fair Housing… Continue Reading
April 18, 2016
Shelby Requests GAO & CBO Reports on FHFA, GSEs
WASHINGTON D.C. - Monday, April 18, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today sent letters to the Government Accountability Office (GAO) and the Congressional Budget Office (CBO) requesting that the nonpartisan agencies provide reports to Congress on matters relating to the Federal Housing Finance Agency (FHFA) and Fannie Mae and Freddie Mac ("the GSEs"). Chairman Shelby released a statement following his request: "… Continue Reading
April 7, 2016
Shelby Opening Statement on the CFPB’s Semi-Annual Report to Congress
WASHINGTON, DC - Thursday, April 7, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered opening remarks during a full committee hearing on "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress." The text of Chairman Shelby's remarks, as prepared, is below. "On Tuesday, the Committee heard testimony from private-sector experts on consumer finance regulation. We heard a number o… Continue Reading
April 5, 2016
Shelby Statement at Hearing on Consumer Finance Regulations
WASHINGTON, DC - Tuesday, April 5, 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 "Assessing the Effects of Consumer Finance Regulations." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will hear from private-sector experts on consumer finance regulation. This Thursday, we will hear from Dir… Continue Reading
March 16, 2016
Shelby Delivers Speech at American Bankers Association Summit
WASHINGTON, DC - Wednesday, March 16, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, delivered the following remarks at the American Bankers Association Summit this morning: "It is a pleasure to be with you this morning and to have the opportunity to discuss the impact of our current regulatory framework on the future of banking in the U.S. As Chairman of the Senate Banking Committee, I have made the oversight… Continue Reading
March 15, 2016
Shelby Opening Remarks at Hearing on U.S. Mint, SEC Nominations
WASHINGTON, DC - Tuesday, March 15, 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 the nomination of Mr. Matthew Rhett Jeppson, of Florida, to be Director of the United States Mint; Ms. Lisa M. Fairfax, of Maryland, to be a Member of the Securities and Exchange Commission; and Ms. Hester Maria Peirce, of Ohio, to be a Member of th… Continue Reading
March 10, 2016
Shelby Statement on Banking Committee Vote on Mr. Adam J. Szubin’s Nomination
WASHINGTON, DC - Thursday, May 10, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today released a statement following the Committee's Executive Session to consider the nomination of Mr. Adam J. Szubin, of the District of Columbia, to be Under Secretary for Terrorism and Financial Crimes, U. S. Department of the Treasury. Mr. Szubin's nomination secured approval by a vote of 14-8. "Mr. Szubin's role at the Tre… Continue Reading
March 9, 2016
Senate Chairmen: Consumer Bureau Response to Broken Retirement Tool “Inadequate and Unresponsive”
WASHINGTON D.C. - Wednesday, March 9, 2016 - Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, called a response from the Consumer Financial Protection Bureau (CFPB) "inadequate and unresponsive" after the agency acknowledged problems with its online Social Security retirement calculator, but failed to fully address the problems or adequately fix them. The Chairmen note … Continue Reading
February 11, 2016
Shelby Statement at Hearing on the Fed’s Semiannual Monetary Policy Report
WASHINGTON, DC - Thursday, February 11, 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 Semiannual Monetary Policy Report to the Congress." Chairman Shelby's remarks, as prepared, are below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen. The semi-annual Monetary Policy Report to the Congress is a… Continue Reading
December 16, 2015
Senate Chairmen: Consumer Protection Bureau Retirement Calculator Broken
WASHINGTON D.C. - Wednesday, December 16, 2015 - Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, today blasted the Consumer Financial Protection Bureau (CFPB) for carelessly spending government resources on a duplicative and wasteful retirement calculator that produces flawed results for Americans looking for clear and accurate information before making important financi… Continue Reading
November 3, 2015
Shelby: “Independence and Accountability Are Not Mutually Exclusive Concepts”
WASHINGTON, DC - Tuesday, November 3, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today spoke at an event hosted by the Federal Reserve for its year-end meeting of the Conference of Chairs of the Reserve Banks. Excerpt of Chairman Shelby's remarks: "Since its birth, the Federal Reserve has been at the center of a debate that pits a Central Bank's need for independence against the public demand for accountab… Continue Reading
October 14, 2015
Shelby Delivers Speech on “The Trouble with Dodd-Frank” at Harvard Law School
WASHINGTON, DC - Wednesday, October 14, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered a speech, "The Trouble with Dodd-Frank," at Harvard Law School. Excerpt of Chairman Shelby's speech: "The trouble with Dodd-Frank is that it has not only vested more authority in unelected, unaccountable bureaucrats, but also in unaccountable international bodies. Five years after Dodd-Frank's enactmen… Continue Reading
October 1, 2015
Shelby Opening Remarks at American Crude Oil Export Equality Act Mark Up
WASHINGTON, DC - Thursday, October 01, 2015 - 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 executive session to mark up the "American Crude Oil Export Equality Act." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will consider for mark up the 'American Crude Oil Export Equality Act,' which represents a bipartis… Continue Reading
