Majority Press Releases

April 5, 2019

Crapo Statement at Hearing on the Application of Environmental, Social and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors and Other Intermediaries

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 Application of Environmental, Social, and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors, and Other Intermediaries.”The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on the role of asset managers, proxy advisers and retail investors … Continue Reading


March 27, 2019

Crapo Statement at Housing Finance Reform Hearing, Part Two

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 the second of two hearings on his housing finance reform outline. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee continues the conversation about the state of our housing finance system, and how we can set it on a permanent, sustainable course that protects taxpayers and fosters greater compet… Continue Reading


March 26, 2019

Crapo Statement at Housing Finance Reform Hearing, Part One

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 the first of two hearings on his housing finance reform outline. The text of Chairman Crapo’s remarks, as prepared, is below. "Today, the Committee returns its focus to the state of our housing finance system. “It has now been a full decade since the government asserted control of the government-sponsored enterprises, or GSEs, F… Continue Reading


March 14, 2019

Crapo Statement at Hearing on Financial Stability Oversight Council Nonbank Designations

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 on the Financial Stability Oversight Council’s nonbank designation process. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome to the Committee three witnesses to testify on the Financial Stability Oversight Council, or FSOC, nonbank designation process: Douglas Holtz-Eakin, President of the… Continue Reading


March 12, 2019

Crapo Statement at The Consumer Financial Protection Bureau’s Semiannual Report to Congress

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 receive The Consumer Financial Protection Bureau’s semiannual report to congress. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will receive testimony from Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger on the CFPB’s most recent semiannual report. “On February 12, the C… Continue Reading


February 28, 2019

Crapo Statement at Legislative Hearing on Capital Formation and Corporate Governance

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 hearing on “Legislative Proposals on Capital Formation and Corporate Governance.”   The text of Chairman Crapo’s remarks, as prepared, is below.  “Today’s hearing will focus on a number of legislative proposals that encourage capital formation and improve corporate governance.  “It is my intent to collaborate with Senator Brown and… Continue Reading


February 26, 2019

Crapo Statement at 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 the Federal Reserve’s Semiannual Monetary Policy Report to the Congress. The text of Chairman Crapo’s remarks, as prepared, is below.  “We welcome Chairman Powell to the Committee for the Federal Reserve’s Semiannual Monetary Policy Report to Congress. “This hearing provides the Committee an opportunity to examine the current state… Continue Reading


February 14, 2019

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. Bimal Patel, of Georgia, to be Assistant Secretary of the Treasury for Financial Institutions; Mr. Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; The Honorable Rodney Hood, of North Carolina, to be a Member of the National Credit Union Admi… Continue Reading


February 13, 2019

Crapo, Brown Invite Feedback on Data Privacy, Protection and Collection

WASHINGTON - United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) are inviting feedback from interested stakeholders on the collection, use and protection of sensitive information by financial regulators and private companies. “Given the exponential growth and use of data, and corresponding data breaches, it is worth examining how the Fair Credit Reporting Act should work in a digital economy, and whet… Continue Reading


February 1, 2019

Chairman Crapo Releases Outline for Housing Finance Reform

WASHINGTON - Today, Senate Banking Committee Chairman Mike Crapo (R-Idaho) released an outline for housing finance reform legislation. The outline incorporates elements of many plans and principles for housing finance reform legislation that have been discussed by legislators, analysts, stakeholders and thought leaders. “We must expeditiously fix our flawed housing finance system,” said Chairman Crapo. “My priorities are to establish stronger levels of taxpayer protection, preserve the … Continue Reading


January 29, 2019

Crapo Outlines Banking Committee Agenda for 116th Congress

WASHINGTON - Banking Committee Chairman Mike Crapo (R-Idaho) has outlined his committee agenda for the 116th Congress. The Committee will continue to identify and move bipartisan legislative solutions that promote economic growth; build a record for legislative action on the collection, use and protection of personally identifiable information by financial regulators and financial companies; advance presidentially-appointed nominees; and ensure federal agencies implement the Economic Growt… Continue Reading


January 18, 2019

Chairman Crapo and Ranking Member Brown Announce Banking Subcommittee Assignments for the 116th Congress

WASHINGTON - Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) announced the panel’s subcommittee assignments for the 116th Congress today.  “I am confident in the leadership of our subcommittee chairs, who will play a critical role in promoting the Committee’s agenda in the 116th Congress,” said Chairman Crapo. “I also welcome the new members of the Committee: Senators Cramer and McSally, and Senators Sinema and … Continue Reading


January 18, 2019

Crapo Statement on Treasury Sanctions Agreement

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 on the Senate Floor regarding a resolution disapproving the Treasury Department's planned removal of sanctions on several Russian companies. As prepared for delivery: "Mr. President, I rise to speak against the resolution to disapprove the Administration’s agreement to delist Rusal, the Russian Aluminum giant, from the SDN list. "I will … Continue Reading


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

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