Minority Press Releases
Shelby Opening Statement at Hearing on Surface Transportation Reauthorization
WASHINGTON, DC - Tuesday, April 21, 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. "This is the first o… Continue Reading
April 16, 2015
Shelby Opening Statement at Hearing on Regulatory Burdens to Obtaining Mortgage Credit
WASHINGTON, DC - Thursday, April 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 "Regulatory Burdens to Obtaining Mortgage Credit." The text of Chairman Shelby's remarks, as prepared, is below. "Months ago, this Committee began an examination of the regulatory landscape facing consumers, lenders and other financial mark… Continue Reading
April 15, 2015
Shelby Announces Upcoming Banking Committee Schedule
WASHINGTON, DC - Wednesday, April 15, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced the tentative Committee hearing schedule for the months of April, May, and June. APRIL Thursday, April 16, 2015 Full Committee Hearing: Regulatory Burdens to Obtaining Mortgage Credit (Outside Witnesses) Time and Location: 10:00 a.m. in room 538 of the Dirksen Senate Office Building Tuesday, April … Continue Reading
March 25, 2015
Shelby Statement at Hearing on FSOC Accountability
WASHINGTON, DC - Wednesday, March 25, 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 "FSOC Accountability: Nonbank Designations." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will examine how the Financial Stability Oversight Council, or FSOC, designates certain nonbank companies as syst… Continue Reading
March 24, 2015
Shelby Opening Remarks at Hearing on Examining the Regulatory Regime for Regional Banks
WASHINGTON, DC - Tuesday, March 24, 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 "Examining the Regulatory Regime for Regional Banks." The text of Chairman Shelby's remarks, as prepared, is below. "Last week, the Committee continued its examination of the existing regulatory framework for regional banks by hearing from t… Continue Reading
March 19, 2015
Shelby Statement at Hearing on Examining the Regulatory Regime for Regional Banks
WASHINGTON, DC - Thursday, March 19, 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 "Examining the Regulatory Regime for Regional Banks." The text of Chairman Shelby's remarks, as prepared, is below. "This week and next, the Committee will examine the impact of the existing regulatory framework on regional banks. Today we wi… Continue Reading
March 3, 2015
Shelby Statement at Hearing on Federal Reserve Accountability and Reform
WASHINGTON, DC - Tuesday, March 3, 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 "Federal Reserve Accountability and Reform." The text of Chairman Shelby's remarks, as prepared, is below. "Last week, the Committee began examining potential reforms to the Federal Reserve System. We heard the views of Federal Reserve Chair Janet… Continue Reading
February 24, 2015
Shelby Statement at Hearing on the Semiannual Monetary Policy Report
WASHINGTON, DC - Tuesday, February 24, 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 Federal Reserve's Semiannual Monetary Policy Report to Congress. The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will receive testimony from Federal Reserve Chair Yellen, as has been required by stat… Continue Reading
February 23, 2015
Shelby Announces March Banking Committee Schedule
WASHINGTON, DC - Monday, February 23, 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 month of March. "The role of the executive branch in regulating the financial sector has grown significantly over the past several years. In light of this growth, the Banking Committee will closely examine several areas of the government that demand proper oversig… Continue Reading
February 12, 2015
Shelby Opening Remarks at Hearing on Regulatory Relief for Community Banks and Credit Unions
WASHINGTON, DC - Thursday, February 12, 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 "Regulatory Relief for Community Banks and Credit Unions." The text of Chairman Shelby's remarks, as prepared, is below. "This week, the Committee began an examination of potential changes to the current regulatory regime. "On Tuesday we h… Continue Reading
February 10, 2015
Shelby Statement at Hearing on Regulatory Relief for Community Banks and Credit Unions
WASHINGTON, DC - Tuesday, February 10, 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 remarks during a full committee hearing on "Regulatory Relief for Community Banks and Credit Unions." The text of Chairman Shelby's remarks, as prepared, is below. "This week, the Committee begins an examination of potential changes to the current regulatory structure. "Today we will… Continue Reading
January 29, 2015
Banking Committee Approves Iran Sanctions Bill
WASHINGTON, DC - Thursday, January 29, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced committee approval of the "Nuclear Weapon Free Iran Act of 2015" by a vote of 18-4. The measure will now be reported to the full Senate for consideration. "I am pleased that the Banking Committee has approved legislation in a bipartisan manner that would impose additional sanctions should Iran fail to reach an… Continue Reading
January 29, 2015
Shelby Statement at Iran Sanctions Markup
WASHINGTON, DC - Thursday, January 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 remarks during a full committee markup of the "Nuclear Free Iran Act of 2015." The text of Chairman Shelby's remarks, as prepared, is below. "I'd like to commend Senators Kirk and Menendez for their tireless efforts over so many months in putting this legislation together. "Ear… Continue Reading
January 27, 2015
Shelby Statement at Iran Sanctions Hearing
WASHINGTON, DC - Tuesday, January 27, 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 remarks during a full committee hearing on "Perspectives on the Strategic Necessity of Iran Sanctions." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will hear from our witnesses on the role that economic sanctions have played in influencing Iran's illegal nuclea… Continue Reading
January 23, 2015
Shelby Announces Banking Subcommittees for 114th Congress
WASHINGTON, DC - Thursday, January 22, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced subcommittee chairmen and subcommittee membership for the 114th Congress. "Subcommittees play an important role in ensuring that the Banking Committee is productive," said Chairman Shelby. "I am confident in the leadership of our subcommittees and look forward to working them in the 114th Congress." Subcom… Continue Reading
December 10, 2014
CRAPO STATEMENT AT CYBERSECURITY HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing Thank you, Mr. Chairman. This morning, we are holding what may be the final Banking Committee hearing chaired by Chairman Johnson. Mr. Chairman, let me reiterate what a pleasure it has been to work with you. You and I have had a great working relationship for many years. It has been a privil… Continue Reading
November 19, 2014
CRAPO STATEMENT AT FHFA OVERSIGHT HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market": Thank you, Mr. Chairman. Today is an important hearing. It is the first time that Director Watt has been before this Committee for an oversight hearing since he became Director of… Continue Reading
September 18, 2014
CRAPO STATEMENT AT CONSUMER FINANCIAL SERVICES HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing titled "Assessing and Enhancing Protections in Consumer Financial Services": Thank you, Mr. Chairman. Consumer protection is an important part of a well- functioning and safe financial marketplace. However, consumer protection cannot happen in a vacuum. Our regulators must consider the impact of r… Continue Reading
September 16, 2014
CRAPO STATEMENT AT SMALL DEPOSITORY INSTITUTIONS HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing held to examine the state of small depository institutions: Thank you, Mr. Chairman. This hearing is important because small depository institutions represent the lifeblood of many communities across America, and especially in rural Idaho. Yet, small financial institutions are disappearing f… Continue Reading
September 9, 2014
CRAPO STATEMENT AT HEARING ON WALL STREET REFORM
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled: "Wall Street Reform: Assessing and Enhancing the Financial Regulatory System." Thank you, Mr. Chairman. Dodd-Frank requires approximately 400 new rules to be written and approved by the federal financial regulators. To date, slightly more than 50 percent of these rules have been finalized … Continue Reading
