Minority Press Releases
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
June 23, 2016
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
