Minority Press Releases
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
May 21, 2013
CRAPO STATEMENT AT FSOC ANNUAL REPORT
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 in which Treasury Secretary Jack Lew testified regarding the Financial Stability Oversight Council's Annual Report to Congress: "Thank you, Mr. Chairman. "Today, Secretary Lew comes before the Committee to testify in his first hearing as Treasury Secretary. "The Secretary wears … Continue Reading
May 7, 2013
CRAPO STATEMENT AT SENATE BANKING HEARING ON EXPORT-IMPORT BANK NOMINATION
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 nomination of the Honorable Fred P. Hochberg to be the President of the Export-Import Bank of the United States: "Thank you, Mr. Chairman, for holding today's hearing on the re-nomination of Mr. Hochberg to head the Export-Import Bank. "Mr. Hochberg is no stranger to the Senate co… Continue Reading
May 6, 2013
CRAPO SEEKS ANSWERS ON LEGALITY OF CFPB BIG DATA COLLECTION
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today sent a letter to Mr. Richard Cordray, the President's nominee to head the Consumer Financial Protection Bureau (CFPB), requesting prompt answers to legal concerns surrounding the massive data collection effort undertaken by the agency on consumer spending habits. Following Mr. Cordray's nomination hearing in March, Crapo requested more information regarding CFPB's d… Continue Reading
May 1, 2013
CRAPO ON NOMINATION OF MEL WATT TO HEAD FHFA
WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, issued the following statement regarding the Administration's nomination of Representative Mel Watt to be the Director of the Federal Housing Finance Agency: "We must end the five-year conservatorships of Fannie Mae and Freddie Mac and resolve the threat to taxpayers and our housing market created by these government sponsored entities. The Administration must provide a l… Continue Reading
April 23, 2013
CRAPO STATEMENT AT CFPB SEMI-ANNUAL REPORT TO CONGRESS
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 Senate Banking Committee hearing in which the Consumer Financial Protection Bureau (CFPB) delivered its semi-annual report to Congress: "Mr. Chairman, the semi-annual briefing by the Consumer Financial Protection Bureau is very important for us to gain insight into what the agency is doing. "As I have consistentl… Continue Reading
April 18, 2013
CRAPO STATEMENT AT BANKING HEARING TO EVALUATE FHFA
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 "Oversight of Federal Housing Finance Agency: Evaluating FHFA as Regulator and Conservator." "Thank you, Mr. Chairman. "This September will mark the five-year anniversary of the Federal Housing Finance Agency (FHFA) taking Fannie Mae and Freddie Mac into conservatorship. &qu… Continue Reading
March 19, 2013
CRAPO STATEMENT AT MARKUP OF SEC, CFPB NOMINATIONS
WASHINGTON - At an Executive Session to markup the nominations of Mary Jo White to be Chairman of the Securities and Exchanges Commission (SEC) and Richard Cordray to be Director of the Consumer Financial Protection Bureau (CFPB), U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, made the following remarks: "Mr. Chairman, I believe that we had a very good hearing last week regarding the nominations. "The hearing gave t… Continue Reading
March 7, 2013
CRAPO STATEMENT AT HEARING ON BANK SECRECY ACT
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 assessing compliance and enforcement of the Bank Secrecy Act: "Thank you, Mr. Chairman. "Today, we will hear testimony from the Treasury Department, the Office of the Comptroller of the Currency (OCC) and the Federal Reserve about large bank compliance with the Bank Secrecy Act and econo… Continue Reading
February 28, 2013
CRAPO STATEMENT AT HEARING ON FHA'S SOLVENCY
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 addressing the Federal Housing Administration's (FHA) financial condition and program challenges: "Thank you, Mr. Chairman. "Since its creation in 1934, our nation has depended upon the Federal Housing Administration (FHA) to help first time homebuyers, as well as low- to moderate-incom… Continue Reading
February 26, 2013
CRAPO STATEMENT AT FEDERAL RESERVE'S SEMIANNUAL MONETARY REPORT
Washington, D.C. - 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 at which Federal Reserve Chairman Ben Bernanke delivered his semiannual testimony on monetary policy: "Thank you, Mr. Chairman. Today, we will hear Federal Reserve Chairman Bernanke testify on the Fed's monetary policy and the state of the economy. "Thank you for your ongoing init… Continue Reading
February 14, 2013
CRAPO STATEMENT AT HEARING ON WALL STREET REFORM
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 Wall Street Reform and Oversight: "Thank you, Mr. Chairman. You and I have had a personal friendship and good working relationship over the years, and I look forward to building on that as Chairman and Ranking Member of the Committee. "One of my objectives and hopes would be to wor… Continue Reading
