Minority Press Releases
CRAPO STATEMENT AT TRIA 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, Part II." Thank you, Mr. Chairman. This is the Committee's second hearing on the reauthorization of the Terrorism Risk Insurance Act (TRIA). At the first hearing in September, we heard testimony about the difficulties as… Continue Reading
February 6, 2014
CRAPO STATEMENT AT HEARING ON FINANCIAL STABILITY AND DATA SECURITY
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 regulatory efforts to improve financial stability and explore data security regulatory standards: Thank you, Mr. Chairman. I have repeatedly stressed the need for the U.S. banking system and capital markets to remain the preferred destination for investors throughout the world. W… Continue Reading
January 28, 2014
CRAPO STATEMENT AT EXPORT-IMPORT BANK REAUTHORIZATION 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 "Oversight and Reauthorization of the Export-Import Bank of the United States:" Thank you, Mr. Chairman. Today, we will review the activities of the Export-Import Bank of the United States as the Banking Committee prepares to consider this year's reauthorization of the Bank's charter. … Continue Reading
January 16, 2014
CRAPO STATEMENT AT MAP-21 PROGRESS REPORT 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 "Progress Report on Public Transportation under MAP-21." "Thank you, Mr. Chairman. "In July 2012, Congress passed and President Obama signed into law the Moving Ahead for Progress in the 21st Century Act, also known as MAP-21, which authorized transportation programs through… Continue Reading
December 12, 2013
CRAPO STATEMENT AT HEARING TO EXAMINE "JOINT PLAN OF ACTION" WITH IRAN
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 in which members heard from administration officials regarding the P5+1 interim nuclear agreement with Iran: Thank you, Mr. Chairman, for holding today's hearing on the nuclear agreement with Iran. This hearing provides us the opportunity to consider the administration's perspective on negotiation… Continue Reading
December 10, 2013
CRAPO STATEMENT ON APPROVAL OF VOLCKER RULE
WASHINGTON - Senate Banking, Housing and Urban Affairs Committee Ranking Member Mike Crapo (R-Idaho) released the following statement regarding the final Volcker Rule approved by regulators today pursuant to a Dodd-Frank requirement to ban proprietary trading by banks. "I am disappointed that the agencies chose not to re-propose the Volcker Rule before today's final vote," said Crapo. "The rulemaking process surrounding this extremely complex rule lacked transparency and meaningful, robust … Continue Reading
December 10, 2013
CRAPO STATEMENT ON RISK SHARING IN 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 held to examine the fundamentals of transferring credit risk in a future housing finance system: Thank you, Mr. Chairman. As the Committee continues to consider broad reform of the housing finance system, I am encouraged by the progress we have made over the last few months. Since … Continue Reading
November 22, 2013
CRAPO STATEMENT ON THE TRANSITION TO A NEW HOUSING FINANCE SYSTEM
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 best plan for a smooth transition into a new housing finance reform system: "Thank you, Mr. Chairman. "The issue of how we transition into a future system is one of the most important topics we will cover in this series of housing finance reform hearings. Numerous… Continue Reading
November 21, 2013
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
