Majority Press Releases

December 12, 2018

Crapo Statement at SEC Oversight Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at on oversight hearing with Securities and Exchange Commission (SEC) Chairman Jay Clayton. The text of Chairman Crapo’s remarks, as prepared, is below. “Today we will receive testimony from Securities and Exchange Commission Chairman Jay Clayton regarding the work and agenda of the SEC. “Your appearance before the committee is ess… Continue Reading


December 6, 2018

Crapo Statement at Hearing on Proxy Process and Rules

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled “Proxy Process and Rules: Examining Current Practices and Potential Changes.”The text of Chairman Crapo’s remarks, as prepared, is below.“Today’s hearing will focus on several aspects of our proxy voting system, including the role of proxy advisory firms, the shareholder proposal process and retail sh… Continue Reading


November 30, 2018

Crapo Statement at Money Laundering Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S.Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled, “Combating Money Laundering and Other Forms of Illicit Finance: Regulatory and Law Enforcement Perspectiveson Reform.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “This morning marks the fourth time this year that members of the Banking C… Continue Reading


November 29, 2018

Crapo Statement at Hearing with Federal Reserve Vice Chairman for Supervision

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled, “The Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.” The text of Chairman Crapo’s remarks, as prepared, is below.“Today we will receive testimony from Federal Reserve Vice Chairman for Supervision Randy Quarles regarding the efforts, activities, obje… Continue Reading


October 12, 2018

Crapo, Brown Applaud Passage of Hezbollah Sanctions Bill

WASHINGTON- The U.S. Senate passed the bipartisan Hezbollah InternationalFinancing Prevention Amendments Act (S. 1595), backed by Senate Banking Committee ChairmanMike Crapo (R-Idaho) and Ranking MemberSherrod Brown (D-Ohio), Senators Marco Rubio (R-Florida) and Jeanne Shaheen(D-New Hampshire), and House Foreign Affairs Committee Chairman Ed Royce (R-California)and Ranking Member Eliot Engel (D-New York). The bill now heads to thePresident to be signed into law. AsChairman and Ranking Member of… Continue Reading


October 11, 2018

Crapo Statement at Hearing on Cryptocurrency

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem.”  The text of Chairman Crapo’s remarks, as prepared, is below.  “Today, the Committee will continue its exploration of the opportunities and challenges surrounding the cryptocurrency and blockchain ecosystem.  “Prior to the introduction of … Continue Reading


October 2, 2018

Crapo Statement at Hearing on Implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155)

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled “Implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will hear from four agencies responsible for the supervision and regulation of banks or credit unions. “Each will provide an overview … Continue Reading


September 26, 2018

TRIP Act Passes Senate by Unanimous Consent

WASHINGTON, D.C. - Today, Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), along with Senator Tammy Duckworth (D-Illinois), lauded passage of the Transit Rail Inspection Practices Act, or "TRIP" Act, a bipartisan bill that ensures State safety programs are providing sufficient oversight of rail transit systems through inspections. Introduced in June, the legislation stems from the Committee's ongoing oversight work and recommendations from a Government … Continue Reading


September 21, 2018

Crapo Bill Allows Consumers to Freeze and Unfreeze Credit for Free

WASHINGTON, D.C. - Today, the Federal Trade Commission announced that a provision in Senator Crapo’s Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) will go into effect, providing consumers who are concerned about identity theft or data breaches the option to freeze their credit and place one-year fraud alerts for free. Prior to the enactment of the bill, Idahoans had to pay up to $6 to place or remove freezes. The bipartisan Economic Growth, Regulatory Relief … Continue Reading


September 18, 2018

Crapo Statement at Fintech Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled ““Fintech: Examining Digitization, Data, and Technology.” The text of Chairman Crapo’s remarks, as prepared, is below.  “Today, we will hear four very unique perspectives on a segment of financial technology, or ‘fintech.’ “Almost exactly one year ago, the committee held a hearing to explore the … Continue Reading


September 13, 2018

Crapo Statement at Russia Sanctions Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled “Countering Russia: Assessing New Tools.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “Let me begin by thanking our witnesses for agreeing to testify this afternoon, and to help the committee gain a better understanding on what might motivate th… Continue Reading


September 6, 2018

Crapo Statement at Russia Sanctions Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing entitled “Outside Perspectives on Russia Sanctions: Current Effectiveness and Potential for Next Steps." The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “The Committee meets today for its second of three hearings on sanctions against the Russian Federation… Continue Reading


August 23, 2018

Crapo Statement at Nomination Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks at a nomination hearing for nominees to the Bureau of Consumer Financial Protection, or the Bureau; Export-Import Bank; Securities and Exchange Commission; Government National Mortgage Association, or Ginnie Mae; Department of Housing and Urban Development; and Office of Financial Research. “I call this Committee to ord… Continue Reading


August 21, 2018

Crapo Statement at Hearing on Russia Sanctions

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing entitled: “Russia Sanctions: Current Effectiveness and Potential for Next Steps." "The hearing will come to order. "This morning the Committee will receive testimony from senior administration officials from the Departments of Treasury, State and Homeland Security on the implemen… Continue Reading


July 24, 2018

Crapo Statement at Nomination Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to consider the nominations of Mr. Elad L. Roisman, of Maine, to be a Member of the Securities and Exchange Commission; Mr. Michael R. Bright, of the District of Columbia, to be President of the Government National Mortgage Association (Ginnie Mae); Ms. Rae Oliver Davis, of Virginia, to be Inspector General, U.S. Departme… Continue Reading


July 19, 2018

Crapo Statement at Nomination Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to consider the nominations of Ms. Kathleen Laura Kraninger, of Ohio, to be Director of the Bureau of Consumer Financial Protection, and Ms. Kimberly A. Reed, of West Virginia, to be President of the Export-Import Bank. The text of Chairman Crapo’s remarks, as prepared, is below. “This morning, we will consider the nomina… Continue Reading


July 17, 2018

Crapo Statement at Federal Reserve’s Semiannual Monetary Policy Report

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “The Semiannual Monetary Policy Report to Congress.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome Chairman Powell back to the Committee for the Federal Reserve’s Semiannual Monetary Policy Report to Congress. “This hearing provides the Committee an opportunity to explore the cu… Continue Reading


July 12, 2018

Crapo Statement at Hearing on Credit Bureaus

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “An Overview of the Credit Bureaus and the Fair Credit Reporting Act.” The text of Chairman Crapo’s remarks, as prepared, is below.  “Today’s hearing is entitled ‘An Overview of the Credit Bureaus and the Fair Credit Reporting Act.’ “Credit bureaus play a valuable role in our financial system by helping financial … Continue Reading


June 28, 2018

Crapo Statement at Corporate Governance Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Legislative Proposals to Examine Corporate Governance.” The text of Chairman Crapo’s remarks, as prepared, is below.  “Today’s hearing will focus on several legislative proposals to improve corporate governance.  “As with Tuesday’s hearing on capital formation proposals, I intend to work with Ranking Member Brown … Continue Reading


June 26, 2018

Crapo, Brown, Duckworth Introduce TRIP Act

WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), along with Senator Tammy Duckworth (D-Illinois), today introduced legislation to enhance rail transit safety. The Transit Rail Inspection Practices Act, or “TRIP” Act, ensures State safety programs are providing sufficient oversight of rail transit systems through inspections. The legislation stems from the Committee’s ongoing oversight wo… Continue Reading

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