Majority Press Releases

May 11, 2021

Van Hollen, Brown, Schumer Applaud Bipartisan Senate Passage of Congressional Review Act Legislation to Repeal Trump-era “Rent-A-Bank” Rule

Today, U.S. Senator Chris Van Hollen (D-Md.), a member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Committee Chairman Sherrod Brown (D-Ohio), and Majority Leader Chuck Schumer (D-N.Y.) applauded the bipartisan Senate passage of a resolution to repeal the Trump Administration’s so-called True Lender Rule through the use of the Congressional Review Act. This regulation, finalized in the last months of the prior Administration, allows predatory lenders to skirt state laws m… Continue Reading


May 11, 2021

Brown Urges Senate Colleagues to Support Overturning OCC's Trump-era Rule Encouraging Predatory Rent-a-Bank Schemes

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today headed to the Senate floor to urge his colleagues to support his legislation to repeal the Trump Administration’s so-called True Lender Rule through the Congressional Review Act. The OCC’s rule allows predatory lenders to evade state interest rate caps and charge consumers outrageous interest on payday and other loans. Senator Brown introduced the legislation wit… Continue Reading


May 11, 2021

Brown: As We Invest In Infrastructure, Let’s Ensure Todman and Fernandez Can Get To Work

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s nominations hearing for Ms. Adrianne Todman to be Deputy Secretary of Housing and Urban Development (HUD) and Ms. Nuria Fernandez to be Federal Transit Administrator (FTA).Sen. Brown’s remarks, as prepared for delivery, follow:Today we’ll consider the nominations of two distinguished public servants: Adrianne Todman … Continue Reading


May 4, 2021

Majority Leader Schumer And Chairman Brown Unveil New Clean Transit For America Plan To Replace Nation’s Polluting Buses With Clean Buses

Washington, D.C. - Today, Tuesday, May 4, 2021, Senate Majority Leader Chuck Schumer (D-NY) and Chairman of the Senate Committee on Banking, Housing and Urban Affairs Sherrod Brown (D-OH) unveiled their new Clean Transit for America plan to help protect our planet by providing $73 billion to move our country’s public transit systems to zero-emission fleets. This announcement comes on the heels of President Biden’s American Jobs Plan and will help combat climate change, improve air quality, and e… Continue Reading


May 4, 2021

Majority Leader Schumer And Chairman Brown Unveil New Clean Transit For America Plan To Replace Nation’s Polluting Buses With Clean Buses

Washington, D.C. - Today, Tuesday, May 4, 2021, Senate Majority Leader Chuck Schumer (D-NY) and Chairman of the Senate Committee on Banking, Housing and Urban Affairs Sherrod Brown (D-OH) unveiled their new Clean Transit for America plan to help protect our planet by providing $73 billion to move our country’s public transit systems to zero-emission fleets. This announcement comes on the heels of President Biden’s American Jobs Plan and will help combat climate change, improve air quality, and e… Continue Reading


April 29, 2021

Brown: When Work Has Dignity, It Pays Off for Workers – Not Wall Street

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled “The Dignity of Work.”Today’s hearing follows Tuesday’s “Dignity of Work” worker listening session,  which was the Committee’s first-ever listening session of its kind. At the event, workers shared their stories about how the economy is set up to ensure Wall Street and big corporations profit - at ev… Continue Reading


April 28, 2021

Brown: It Is Time to Crack Down on Predatory Lenders

U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled ‘The Reemergence of Rent-a-Bank?’Sen. Brown’s remarks, as prepared for delivery, follow:Emerson teaches us that history is a battle between what he called “the innovators” and “the conservators.” The innovators work to find new ways to make government work for the people it serves, and deliver results for everyone.But … Continue Reading


April 27, 2021

Brown Hosts Workers from Ohio and across the Country for Committee’s First-Ever Worker Listening Session

WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, hosted workers from Ohio and across the country for the committee’s first-ever listening session, to share their stories about how the economy is set up to ensure Wall Street and big corporations profit - at everyone else’s expense. The workers, including those from retail and warehousing jobs, distribution centers, banks, and other sectors, detailed how the Wal… Continue Reading


April 27, 2021

Readout of Chairman Brown’s Meeting With Adrianne Todman, Nominee to be Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD)

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following readout after he met with Adrianne Todman, nominee to be Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD):“Adrianne Todman’s entire career has been about creating and preserving affordable housing. As Deputy Secretary of HUD, she will work to help build back better by addressing the coronavirus pandemic and expanding… Continue Reading


April 23, 2021

Readout Of Chairman Brown’s Meeting With Nuria Fernandez, Nominee To Be FTA Administrator

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following readout after he met with Nuria Fernandez, nominee to be Administrator of the Federal Transit Administration (FTA). If confirmed, Fernandez would be the first Senate-confirmed woman of color to lead the agency:“Ms. Fernandez is the right fit for this moment and this agency. As FTA Administrator she will play a key role in ensuring that our public… Continue Reading


April 22, 2021

Brown Applauds HUD for Halting Dangerous Anti-Trans Trump Rule

Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement regarding the Department of Housing and Urban Development’s (HUD) announcement of the withdrawal of a rule proposed by the Trump Administration to impede transgender individuals’ access to shelters.“In Ohio and across the country, transgender people face discrimination and violence, and instead of offering support, the Trump Administration advance… Continue Reading


April 22, 2021

Brown: Our Fellow Americans, The People of Puerto Rico, Deserved Better

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the U.S. Department of Housing and Urban Development Office of Inspector General (HUDOIG) released its long-awaited report on the Trump’s Administration obstruction and delays in providing funding to the people of Puerto Rico following Hurricane Maria:“It should be no surprise that an Administration that fired so many Inspectors G… Continue Reading


April 22, 2021

Brown: We Must Invest In Clean Energy and Jobs

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled “21st Century Communities: Capitalizing on Opportunities in the Clean Energy Economy.”Sen. Brown’s remarks, as prepared for delivery, follow:First, I want to take a moment to acknowledge the verdict in Minnesota Tuesday, and the tragic shooting that same day, in Columbus in my state.While Tuesday’s g… Continue Reading


April 20, 2021

Brown: We Must Invest In Rural And Native Communities

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled “An Economy that Works For Everyone: Investing in Rural Communities.”Sen. Brown’s remarks, as prepared for delivery, follow:For years, the work of the Committee on Banking, Housing, and Urban Affairs has been far too much about Wall Street, far too little about housing, and almost nothing about peopl… Continue Reading


April 15, 2021

Brown Applauds Biden Administration’s New Russia Sanctions

U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after the Biden Administration announced new sanctions against Russia:“These tough, targeted sanctions in response to Russia’s interference in our elections, its cyber attacks, and other malign activity will hold Putin accountable by imposing real economic costs, and hopefully help deter future Russian aggression,” said Brown. “I applaud President B… Continue Reading


April 15, 2021

Brown: Equitable Investment in Public Transit Will Create Jobs and Improve Our Communities

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled “21st Century Communities: Public Transportation Infrastructure Investment and FAST Act Reauthorization.”Sen. Brown’s remarks, as prepared for delivery, follow:Shortly before the pandemic, Chairman Crapo and our Committee held a well-attended hearing on the reauthorization of federal transit programs… Continue Reading


April 14, 2021

Brown and Rubio Re-Introduce Legislation to Protect Small Businesses from Predatory Lenders

WASHINGTON, D.C. - Today, U.S. Senators Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Marco Rubio (R-FL) re-introduced legislation to protect small businesses from fly-by-night predatory lenders.“When we let financial predators harm hardworking Americans through scams like confessions of judgment, we undermine the dignity of work,” said Brown. “This bipartisan bill would protect consumers and small business owners from predatory lenders t… Continue Reading


April 14, 2021

Brown Applauds Gary Gensler’s Confirmation

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Senate confirmed Gary Gensler to be chairman of the Securities and Exchange Commission (SEC):“I applaud Mr. Gensler on his confirmation as chairman of the Securities and Exchange Commission (SEC). Mr. Gensler will lead the SEC at a time when it’s become more and more obvious to most people that the stock market is detached fro… Continue Reading


April 13, 2021

Brown Takes to Senate Floor to Urge Colleagues to Support Gary Gensler’s Nomination to Lead SEC

WASHINGTON, D.C. — Today, U.S. Sen. Sherrod Brown (D-OH) - Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - took to the Senate Floor to urge his colleagues to confirm Gary Gensler as chair of the Securities and Exchange Commission (SEC).Video of the remarks can be found here.Brown’s remarks on the Senate Floor, as prepared for delivery, are below:Mr./Mme. President,I urge my colleagues to support President Biden’s nominee to be Chair of the Securities and Exchange C… Continue Reading


April 13, 2021

At Hearing, Warren Delivers Remarks on Student Debt Crisis

Washington, D.C. - Today, during her first hearing as chair of the Senate Banking, Housing, and Urban Affairs Committee's Subcommittee on Economic Policy, U.S. Senator Elizabeth Warren (D-Mass.) delivered remarks on the student loan debt crisis in our country and its impact on racial justice, borrowers and the economy. Senator Warren continued her calls for President Biden to use his existing authority to cancel $50,000 in student debt. The senator also highlighted new data that she obtained fro… Continue Reading

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