Majority Press Releases

March 4, 2021

Brown: Workers Must Be at the Center of Our Economic Recovery

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 “Wall Street vs. Workers: How the Financial System Hurts Workers and Widens the Racial Wealth Gap.”Sen. Brown’s remarks, as prepared for delivery, follow:The economy isn’t physics - it’s not governed by scientific laws outside our control. It’s made up of people making choices about our values and … Continue Reading


March 2, 2021

Brown Urges Senate Colleagues to Confirm Dr. Rouse

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 Dr. Cecilia Rouse as chair of the Council Economic Advisors (CEA). Rouse has broad bipartisan support and if confirmed, she will help direct our nation’s economic policy to put Americans back to work, at better jobs with higher wages. Brown’s remarks on the Senate Floor, as prepared for delivery, are … Continue Reading


March 2, 2021

Brown Opening Statement at Nomination Hearing for SEC Chair and CFPB Director

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 on nominations to the Securities and Exchange Commission (SEC) and Bureau of Consumer Financial Protection (CFPB)Sen. Brown’s remarks, as prepared for delivery, follow:Today we consider the nominations of two distinguished public servants: Rohit Chopra to serve as Director of the Consumer Financial Protectio… Continue Reading


March 2, 2021

Warren and Brown to Regulators: It Would be a Grave Error to Extend Capital Exemptions for the Nation's Large Banks and Holding Companies

Letter Text (PDF)Washington, DC - United States Senator Elizabeth Warren (D-Mass.), member of the Senate Banking Committee, and Senator Sherrod Brown (D-Ohio), Chairman of the Senate Banking Committee, sent letters on Friday, February 26, 2021, to Federal Reserve Chairman Jerome Powell, Vice Chair Randal Quarles, Federal Deposit Insurance Corporation Chairman Jelena McWilliams, and Acting Comptroller Blake Paulson calling on the regulators to end the temporary reduction in banks' capital require… Continue Reading


March 1, 2021

Chairman Brown and Ranking Member Toomey Announce Banking Subcommittee Assignments for the 117th Congress

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and Ranking Member Pat Toomey (R-PA) today announced the panel’s subcommittee assignments for the 117th Congress. “One of the most important things we can do on this committee is to give a voice to all the people who haven’t had enough of one in their government,” said Chairman Brown. “I am confident these subcommittee chairs will get to work and deliver for workers, a… Continue Reading


February 26, 2021

Readout of Chairman Brown’s Meeting with Gary Gensler Nominee to be Chair of the Securities and Exchange Commission (SEC)

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 Gary Gensler, President Biden’s nominee to lead the Securities and Exchange Commission (SEC):“I spoke with Gary Gensler about a broad range of issues affecting working families saving and investing for the future. We discussed the importance of strengthening investor protection and ensuring confidence and faith in our … Continue Reading


February 25, 2021

Brown: It Is Time to Invest in Workers and Main 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 Coronavirus Crisis: Next Steps for Rebuilding Main Street.”Sen. Brown’s remarks, as prepared for delivery, follow:One of the most important things we can do on this committee is give a voice to all the people who haven’t had enough of one in their government.Last week we began by hearing from O… Continue Reading


February 24, 2021

Sens. Menendez, Brown Introduce Housing Counseling Bill to Support Homeowners, Renters Struggling to Stay in Homes Amid Continuing COVID-19 Crisis and Economic Fallout

WASHINGTON, D.C. - U.S. Senators Bob Menendez (D- N.J.), senior member of the Banking Committee, and Sherrod Brown (D-Ohio), Chairman of the Banking Committee, today introduced legislation to expand access to housing counseling and assistance services for millions of families still struggling to remain in their homes because of the economic crisis created by the COVID-19 pandemic. According to an analysis by the Center on Budget and Policy Priorities, 23 million Americans are behind on mortgage … Continue Reading


February 23, 2021

Menendez Introduces Bill to Promote Corporate Diversity

WASHINGTON, D.C. - U.S. Senator Bob Menendez (D-N.J.), the highest ranking Latino in Congress, today introduced legislation that would require public companies to disclose information related to the racial, gender, ethnic makeup and veteran status of corporate boards and senior management. The Improving Corporate Governance Through Diversity Act of 2020 addresses shortcomings in the U.S. Securities and Exchange Commission’s (SEC) diversity disclosure rule. Congressman Gregory Meeks (N.Y.-05) is … Continue Reading


February 23, 2021

Brown Opening Statement at Banking Committee Hearing on The Federal Reserve's Semiannual Monetary Policy Report

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 Semiannual Monetary Policy Report to Congress.”Sen. Brown’s remarks, as prepared for delivery, follow:At this Committee’s first hearing, we heard from our witnesses the challenges and struggles Americans have faced over the past year. Anyone who has been doing their jobs has heard these stories… Continue Reading


February 18, 2021

Brown: The Days of a Wall Street First Recovery Are Over

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 Coronavirus Crisis: Paving the Way to An Equitable Recovery’Sen. Brown’s remarks, as prepared for delivery, follow:It should not be a surprise that our first hearing is about the coronavirus—it has affected every American’s health, home, family, workplace, and the entire economy for nearly th… Continue Reading


February 16, 2021

Brown Applauds Federal Agencies’ Expansion, Extension of COVID-19 Homeowner Relief

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 Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA), and the U.S. Department of Agriculture (USDA) announced they would extend foreclosure and forbearance protections and improve options available to help borrowers exit forbearance and stay in their homes:“The pandemic isn’t over, and o… Continue Reading


February 12, 2021

Senators Warren, Brown, and Van Hollen Urge SEC to Strengthen and Enforce Insider Trading Rule

Text of Letter (PDF)Washington, DC - United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), and Chris Van Hollen (D-Md.), members of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to the Securities and Exchange Commission (SEC) urging the agency to review and consider reforming policies regarding 10b5-1 plans, which are designed to prevent insider trading. Their letter raises new evidence indicating that executives are abusing these plans to obtain… Continue Reading


February 11, 2021

Brown’s Statement on Military Coup in Burma

“I applaud President Biden’s swift action to sanction Burma’s military authorities responsible for last week’s coup, impose new export controls, cut off key American aid, and freeze certain assets of Burma’s military. We must continue to work with our regional allies to strengthen civil society in Burma and show solidarity with protesters exercising their rights,” said Brown. “By these actions, President Biden has made clear America will not turn a blind eye to this coup and human rights violati… Continue Reading


February 11, 2021

Brown: Discrimination Has No Place in Our Housing System

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 Department of Housing and Urban Development (HUD) announced it would immediately ensure that people are protected from housing discrimination based on sexual orientation or gender identity in compliance with the Supreme Court’s Bostock v. Clayton County decision:“No one should be excluded from housing based on who they are … Continue Reading


February 5, 2021

Leading U.S. Senators: Homeowner Assistance Fund is Critical to Pandemic Emergency Response

WASHINGTON, DC - In an effort to help keep people in their homes and address the health and economic impact of COVID-19, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, joined with U.S. Senator Jack Reed (D-RI) and Patrick Leahy (D-VT), Chairman of the Appropriations Committee to reintroduce the $75 billion Homeowner Assistance Fund bill.  The Reed-Brown-Leahy bill (S. 254) would help protect struggling homeowners and communities by prevent… Continue Reading


February 4, 2021

Banking Committee Advances Fudge, Rouse Nominations

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - in his first markup as Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - advanced two historic nominations: The Honorable Marcia Fudge to be Secretary of the U.S. Department of Housing and Urban Development (HUD), and The Honorable Cecilia Rouse to be Chair of the Council of Economic Advisers. Ms. Fudge was advanced by a vote of 17-7, and Dr. Rouse was advanced by a vote of 24-0: “These historic nominees are ready t… Continue Reading


February 4, 2021

Brown’s Remarks During Executive Session on the Nominations of Congresswoman Marcia Fudge and Dr. Cecilia Rouse

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today delivered remarks during an Executive Session to vote on the following nominations: The Honorable Marcia Fudge to be Secretary of the U.S. Department of Housing and Urban Development (HUD), and The Honorable Cecilia Rouse to be Chair of the Council of Economic Advisers. Video can be found here. Sen. Brown's remarks, as prepared for delivery, follow: Today we… Continue Reading


February 3, 2021

Brown to His Senate Colleagues: Let’s Deliver for the People We Serve

WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH), incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs, took to the Senate Floor to urge his colleagues to pass a budget resolution and provide real relief for working families. Brown's remarks on the Senate Floor, as prepared for delivery, are below: Mr./Mdme. President, This debate is really about one simple question: are we going to do whatever it takes to get our country through a once-in-a-generation cris… Continue Reading


February 3, 2021

Readout of Incoming Chair Brown’s Meeting with Rohit Chopra to be Director of the Consumer Financial Protection Bureau (CFPB)

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - incoming chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following readout after he met with FTC Commissioner Rohit Chopra, President Biden's nominee for Director of the Consumer Financial Protection Bureau (CFPB): "Rohit Chopra is the kind of bold and experienced person we need to serve as the next Director of the Consumer Financial Protection Bureau. During our meeting, we discussed his plans to re… Continue Reading

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