Minority Press Releases
Shelby Presses Treasury Secretary, Fed Chair, & SEC Chair on FSB Influence, Transparency
WASHINGTON, DC - Wednesday, September 30, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Treasury Secretary Lew, Federal Reserve Chair Yellen, and SEC Chair White regarding the influence and transparency of the Financial Stability Board (FSB). In the letter, Chairman Shelby detailed several concerns regarding the FSB and requested detailed responses to questions regarding the international … Continue Reading
September 29, 2015
Shelby Opening Remarks at Nominations Hearing
WASHINGTON, DC - Tuesday, September 29, 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 hearing on the nomination of Mr. Adewale Adeyemo, of California, to be an Assistant Secretary for International Markets and Development, U.S. Department of the Treasury; Mr. Amias Moore Gerety, of Connecticut, to be an Assistant Secretary for Financial Ins… Continue Reading
September 17, 2015
Shelby Opening Remarks on the Nomination of Mr. Adam J. Szubin
WASHINGTON, DC - Thursday, September 17, 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 hearing on the nomination of Mr. Adam J. Szubin to be Under Secretary of the Treasury for Terrorism and Financial Crimes. The text of Chairman Shelby's remarks, as prepared, is below. "This morning we will hear testimony on the nomination of Mr… Continue Reading
August 5, 2015
Shelby Statement on the Implications of Sanctions Relief under the Iran Agreement
WASHINGTON, DC - Wednesday, August 5, 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 remarks during a full committee hearing on "The Implications of Sanctions Relief under the Iran Agreement." The text of Chairman Shelby's remarks, as prepared, is below. "Much has changed since the Committee held its hearing on Iran and marked-up an economic sanctions bill drafted … Continue Reading
July 28, 2015
Shelby Statement at Hearing on Lifting the Crude Oil Export Ban
WASHINGTON, DC - Tuesday, July 28, 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 remarks during a full committee hearing on "Lifting the Crude Oil Export Ban." The text of Chairman Shelby's remarks, as prepared, is below. "The Committee convenes today to receive testimony regarding the prospect of lifting the ban on U.S. crude oil exports. "Approximately for… Continue Reading
July 23, 2015
Shelby Statement on Measuring the Systemic Importance of U.S. Bank Holding Companies
WASHINGTON, DC - Thursday, July 23, 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 remarks during a full committee hearing on "Measuring the Systemic Importance of U.S. Bank Holding Companies." The text of Chairman Shelby's remarks, as prepared, is below. "Today we will hear from experts on the best criteria and methods to determine the systemic importance of U.S.… Continue Reading
July 21, 2015
Shelby Delivers Speech at The Heritage Foundation
WASHINGTON, DC - Tuesday, July 21, 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 on regulatory reform and too-big-to-fail at The Heritage Foundation. The text of Chairman Shelby's remarks, as prepared, is below. "Thank you for inviting me to speak today on regulatory reform and more specifically, whether too-big-to-fail is a thing of the past. "I have long held and publicly stated … Continue Reading
July 16, 2015
Shelby Statement at Hearing on the Fed’s Semiannual Monetary Policy Report
WASHINGTON, DC - Thursday, July 16, 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 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. These semi-annual hearings are an important part of … Continue Reading
July 15, 2015
Shelby Opening Statement on the CFPB’s Semi-Annual Report to Congress
WASHINGTON, DC - Wednesday, July 15, 2015 - 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. "Today, the Committee will hear from Richard Cordray, the Director of the Bureau of Consumer Financial Protection.… Continue Reading
July 8, 2015
Shelby Opening Statement on the Role of the FSB in the U.S. Regulatory Framework
WASHINGTON, DC - Wednesday, July 8, 2015 - 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 Role of the Financial Stability Board in the U.S. Regulatory Framework." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will examine the role of the Financial Stability Board, or the FSB, in our domestic regulato… Continue Reading
June 26, 2015
Shelby Announces Upcoming Banking Committee Schedule
WASHINGTON, DC - Friday, June 26, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced the Committee hearing schedule for the weeks of July 6th and July 13th. Wednesday, July 8, 2015 Full Committee Hearing: "The Role of the Financial Stability Board in the U.S. Regulatory Framework" Witnesses: The Honorable Dirk Kempthorne, President and CEO, American Council of Life Insurers (ACLI); Mr. Eugene Sc… Continue Reading
June 23, 2015
Shelby Opening Statement on Oversight Review of the National Flood Insurance Program
WASHINGTON, DC - Tuesday, June 23, 2015 - 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 briefing by the Majority investigative staff of the Committee to discuss the findings of their oversight review of the National Flood Insurance Program. The text of Chairman Shelby's remarks, as prepared, is below. "Hurricane Sandy was the deadliest and most destructive Hurricane o… Continue Reading
June 4, 2015
Shelby Opening Statement on Oversight of the Export-Import Bank of the United States
WASHINGTON, DC - Thursday, June 4, 2015 - 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 "Oversight of the Export-Import Bank of the United States." The text of Chairman Shelby's remarks, as prepared, is below. "On Tuesday, the Committee heard a range of perspectives from a panel of experts and industry representatives who testified on the fu… Continue Reading
June 2, 2015
Shelby Opening Statement on Perspectives on the Export-Import Bank of the United States
WASHINGTON, DC - Tuesday, June 2, 2015 - 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 "Perspectives on the Export-Import Bank of the United States." The text of Chairman Shelby's remarks, as prepared, is below. "This is the first of our oversight hearings on the Export-Import Bank of the United States, which is currently authorized through … Continue Reading
May 21, 2015
Shelby Opening Statement on “The Financial Regulatory Improvement Act of 2015”
WASHINGTON, DC - Thursday, May 21, 2015 - 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 mark-up of "The Financial Regulatory Improvement Act of 2015." The text of Chairman Shelby's remarks, as prepared, is below. "The Committee meets today to consider and report to the Senate 'The Financial Regulatory Improvement Act of 2015.' "I understand that… Continue Reading
May 20, 2015
In Case You Missed It: What They’re Saying About “The Financial Regulatory Improvement Act of 2015”
HABITAT FOR HUMANITY: "The Dodd-Frank reforms were passed with the good intentions of protecting consumers and taxpayers and of stopping predatory lending that targeted lower-income families and contributed to the foreclosure crisis, but provisions in the law, including appraisal independence regulations, created unintended consequences for Habitat for Humanity and other nonprofit organizations providing responsible homeownership opportunities to families without access to bank mortgages." "H… Continue Reading
May 18, 2015
MYTH VS. REALITY: "The Financial Regulatory Improvement Act of 2015"
MYTH VS. REALITY: "The Financial Regulatory Improvement Act of 2015"… Continue Reading
May 12, 2015
Shelby Releases Discussion Draft of “The Financial Regulatory Improvement Act of 2015”
WASHINGTON, DC - Tuesday, May 12, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today released the text of the discussion draft of "The Financial Regulatory Improvement Act of 2015." Chairman Shelby released the following statement regarding the discussion draft: "This discussion draft is a working document intended to initiate a conversation with all members of the Committee who are interested in reaching… Continue Reading
April 28, 2015
Shelby Opening Statement at Hearing on the State of the Insurance Industry and Insurance Regulation
WASHINGTON, DC - Tuesday, April 28, 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 remarks during a full committee hearing on "The State of the Insurance Industry and Insurance Regulation." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will examine several issues of importance to the insurance industry both domestically and in… Continue Reading
April 23, 2015
Shelby Opening Statement at Hearing on Surface Transportation Reauthorization
WASHINGTON, DC - Thursday, April 23, 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 remarks during a full committee hearing on "Surface Transportation Reauthorization: Building on the Successes of MAP-21 to Deliver Safe, Efficient and Effective Public Transportation Services and Projects." The text of Chairman Shelby's remarks, as prepared, is below. "On Tuesday, A… Continue Reading
