Majority Press Releases

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


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

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