Minority Press Releases
CRAPO ON BEST STRUCTURE FOR A STRONG REGULATOR IN NEW HOUSING FINANCE MARKET
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 on how best to structure a strong and effective regulatory entity for taxpayer-guaranteed mortgages: "Thank you, Mr. Chairman. "Today, the Committee will discuss how best to structure a strong, independent regulator-with appropriate checks and balances-as part of the new housing fina… Continue Reading
November 21, 2013
CRAPO STATEMENT ON FED CHAIR NOMINATION
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today issued the following statement during a Banking Committee executive session held to consider the nomination of Janet L. Yellen to be Chairman of the Board of Governors of the Federal Reserve System: "Thank you, Mr. Chairman. "The nomination hearing of Vice Chair Yellen was another opportunity to discuss the risks of the Federal Reserve's prolonged ea… Continue Reading
November 14, 2013
CRAPO STATEMENT AT JANET YELLEN NOMINATION 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 on the nomination of Janet L. Yellen to be Chairman of the Board of Governors of the Federal Reserve System: "Thank you, Mr. Chairman, for holding today's hearing on the nomination of Dr. Yellen to be the next Chair of the Federal Reserve Board. Today's hearing is an opportunity not only to e… Continue Reading
November 12, 2013
CRAPO ON CFPB SEMI-ANNUAL REPORT TO CONGRESS
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 on the Consumer Financial Protection Bureau's semi-annual report to Congress: "Thank you, Mr. Chairman. "Today we will hear from Director Cordray on the Consumer Financial Protection Bureau (CFPB) Semi-Annual Report. This hearing provides an opportunity to discuss the future of the a… Continue Reading
November 7, 2013
CRAPO ON OPTIONS FOR AFFORDABLE HOUSING
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 essential elements to provide affordable options for housing: "Thank you, Mr. Chairman. "Today, we continue our important work examining essential elements of a new housing finance system. Thank you to our witnesses for appearing today to present their thoughts … Continue Reading
November 5, 2013
CRAPO ON SMALL LENDER ACCESS TO SECONDARY MORTGAGE MARKET
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 on housing finance reform held to examine small lender access to the secondary market: "Thank you, Mr. Chairman. "Today, the Committee will hear about how we can protect small lenders' access to the secondary mortgage market. "It is my understanding that key issues for smal… Continue Reading
October 31, 2013
CRAPO STATEMENT AT HEARING ON A GOVERNMENT GUARANTEE FOR MORTGAGE-BACKED SECURITIES
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 "Housing Finance Reform: Essential Elements of a Government Guarantee for Mortgage-Backed Securities:" "Thank you, Mr. Chairman. "Today's hearing is another important opportunity to discuss the role of private capital in the context of housing finance reform. "Tod… Continue Reading
October 29, 2013
CRAPO STATEMENT ON HOUSING FINANCE REFORM FOR CONSUMERS
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, "Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers:" "Thank you, Mr. Chairman. "Today's hearing will focus on the consumer experience in a reformed housing finance system. "Homeownership is central to our nation's economy, of… Continue Reading
October 10, 2013
CRAPO STATEMENT AT HEARING ON THE ECONOMIC IMPACT OF DEFAULT
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 on the impact of a default on financial stability and economic growth: "Thank you, Mr. Chairman. "I would like to thank our witnesses for appearing today to present their thoughts on this important topic. "While there has been a lot of recent attention on what happens if the… Continue Reading
September 25, 2013
CRAPO STATEMENT AT TERRORISM RISK INSURANCE 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 "Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market": "Thank you, Mr. Chairman. "I welcome each of our witnesses today to this important hearing on the federal Terrorism Risk Insurance Act (TRIA). "The program's initial passage was in large part d… Continue Reading
September 12, 2013
CRAPO STATEMENT AT HEARING ON HOUSING FINANCE 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 on housing finance reform: "Thank you, Mr. Chairman. "There seems to be more traction toward moving forward with housing finance reform than there has been at any point during the five-year conservatorships of Fannie Mae and Freddie Mac. "Mr. Chairman, thank you for making th… Continue Reading
July 30, 2013
CRAPO STATEMENT ON SYSTEMIC RISK IN FINANCIAL MARKETS 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 "Mitigating Systemic Risk in Financial Markets through Wall Street Reforms": "Thank you, Mr. Chairman. "Today, we will hear from Securities and Exchange Commission SEC Chair White and U.S. Commodities Futures Trading Commission CFTC Chairman Gensler on their implementation of … Continue Reading
July 24, 2013
CRAPO STATEMENT ON FHA SOLVENCY HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing on "The FHA Solvency Act of 2013": "Thank you, Mr. Chairman. "The Federal Housing Administration (or FHA) has helped millions of Americans achieve the dream of owning a home. "Unfortunately, the FHA has also experienced higher than expected default rates over the last several y… Continue Reading
July 22, 2013
CRAPO STATEMENT AT MONETARY POLICY HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, delivered the following remarks during the Federal Reserve Bank's semi-annual monetary policy report to the Congress. The Committee heard from Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System: "Thank you, Mr. Chairman. "I welcome Federal Reserve Chairman Bernanke back to the Banking Committee to testify at the semi-annual Hum… Continue Reading
July 16, 2013
CRAPO STATEMENT AT HEARING ON DEFENSE PRODUCTION ACT OVERSIGHT
WASHINGTON- U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, delivered the following remarks during a Banking Committee hearing on oversight of the Defense Production Act (DPA): "Thank you, Mr. Chairman. "As the United States continues to face conflicts overseas, as well as terrorist threats and natural disasters at home, it is again time to consider reauthorization of the Defense Production Act, commonly referred t… Continue Reading
July 11, 2013
CRAPO STATEMENT AT HEARING ON SYSTEMIC RISK
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 on Dodd-Frank implementation entitled "Mitigating Systemic Risk through Wall Street Reforms": "Thank you, Mr. Chairman. "Today, we have asked the regulators to discuss the implementation of Titles I and II of the Dodd-Frank Act. "Title I of Dodd-Frank brought us the Financial Stabi… Continue Reading
June 27, 2013
CRAPO STATEMENT AT HEARING TO CONSIDER SEVERAL NOMINATIONS
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing to consider the following nominees: Representative Mel Watt, of North Carolina, to be Director of the Federal Housing Finance Agency; Dr. Jason Furman, of New York, to be a Member and Chairman of the Council of Economic Advisers; Ms. Kara M. Stein, of Maryland, to be a Member of the Securities and Exchange… Continue Reading
June 25, 2013
CRAPO STATEMENT AT PRIVATE STUDENT LOANS HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing on private student loans focusing on regulatory challenges and a path forward: "Thank you, Mr. Chairman, for holding this hearing today. "Student loans play a vital role in the lives of many students and their families across our country. "The loans help maintain a strong and edu… Continue Reading
June 11, 2013
CRAPO STATEMENT AT HEARING ON COMMUNITY BANKS
WASHINGTON- U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "Lessons Learned from the Financial Crisis Regarding Community Banks": "Thank you, Mr. Chairman. "Today, the Committee will hear about lessons learned from the financial crisis regarding community banks. "Thank you to the Federal Deposit Insurance Corporation (FDIC) and … Continue Reading
June 4, 2013
CRAPO STATEMENT AT IRAN SANCTIONS HEARING
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "Iran Sanctions: Ensuring Robust Enforcement, and Assessing Next Steps": "Thank you, Mr. Chairman. "Ten days from now, Iranians will vote in an election stage-managed by the ruling Guardian Council for a president who, once selected, is destined to continue the longstanding poli… Continue Reading
