Majority Press Releases

April 14, 2022

Brown Applauds EXIM Bank For Its Continued Commitment to Domestic Manufacturers

WASHINGTON, D.C. - Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the board of the Export-Import Bank (EXIM) voted unanimously and with bipartisan support to establish a new financing tool for domestic manufacturers. The creation of a domestic financing facility will help expand American manufacturing and improve domestic supply chains. “EXIM is doing exactly what Congress told the Bank to do when we re… Continue Reading


April 11, 2022

Biden Admin Heeds Brown's Calls to Ease Medical Debt

WASHINGTON, D.C. - Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Biden Administration announced it will take action to address consumer medical debt. In a hearing and a letter to the CFPB last month, Sen. Brown called on the Administration to take greater action to ease the growing burden of medical debt on consumers.“No one should have their financial future ruined because they get sick. These a… Continue Reading


April 7, 2022

Brown Urges Fed and OCC to Scrutinize Bank Mergers

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Federal Reserve Chair Pro Tempore Jay Powell and Acting Comptroller of the Currency Michael Hsu urging them to join the Federal Deposit Insurance Corporation (FDIC) in ensuring that bank mergers, if approved, serve American families, small businesses, and communities - not Wall Street and big corporations.“Enabled by rubber-stamp merger oversight, the … Continue Reading


April 6, 2022

Brown Chairs Nomination Hearing For Key Treasury and Mint Nominees

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 nomination hearing for Ms. Ventris C. Gibson, nominee to be Director of the Mint, and Mr. Paul M. Rosen, nominee to be Assistant Secretary of the Treasury for Investment Security.Sen. Brown’s remarks, as prepared for delivery, follow:The Committee meets today to consider the nominations of:Ms. Ventris C. Gibson to be… Continue Reading


April 5, 2022

Brown: New Insider Trading Legislation Will Ensure Everyone Plays By the Same Rules

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 “Keeping Markets Fair: Considering Insider Trading Legislation.”Sen. Brown’s remarks, as prepared for delivery, follow:The tragedy and uncertainty of the coronavirus pandemic taught us a lot about the economy and the stock market.At first, for a brief period at the beginning of the pandemic, the stoc… Continue Reading


March 31, 2022

Brown: To Ensure Seniors Can Age With Dignity, We Need More Affordable, Accessible Housing

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 “Affordability and Accessibility: Addressing the Housing Needs of America’s Seniors.”Sen. Brown’s remarks, as prepared for delivery, follow:No matter who you are, no matter where you live, at some point you’ve probably watched as an aging parent or grandparent has found it harder and harder to move a… Continue Reading


March 30, 2022

Brown, Colleagues Call on Regulators to Focus on Lending to 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, led his colleagues in a letter to the Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency, urging them to work with banks and credit unions to ensure small businesses have access to safe and sound credit as Main Street recovers from COVID-19.“Recent research by the Federal Res… Continue Reading


March 30, 2022

Ahead of the Final Confirmation Vote, Brown Urges Colleagues to Support Judith Pryor For First Vice President of the Export-Import Bank

WASHINGTON, D.C. - Today on the Senate Floor, U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, called on his colleagues to support the nomination of Judith Pryor for First Vice President of the Export-Import Bank of the United States. As First Vice President, Ms. Pryor will help lead the nation’s official export credit agency as it supports U.S. workers and manufacturers throughout our country.  Video of Senator Brown’s remarks is a… Continue Reading


March 29, 2022

On the Senate Floor, Brown Urges Colleagues to Support Dr. Lisa Cook's Nomination to the Federal Reserve

WASHINGTON, D.C. - Today on the Senate Floor, U.S. Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, called on his colleagues to support the nomination of Dr. Lisa Cook to be a Member of the Board of Governors of the Federal Reserve System.Video of Senator Brown’s remarks is available here.Sen. Brown’s remarks, as prepared for delivery, follow:Mr./Madame President, I urge my colleagues to join me in confirming Lisa Cook to the Board of Go… Continue Reading


March 29, 2022

Brown: We Must Address the Growing Crisis of Medical Debt Burdening American Families

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 “Economic Impact of the Growing Burden of Medical Debt.” This morning, Sen. Brown led his colleagues in a letter urging the Consumer Financial Protection Bureau (CFPB) to address the growing medical debt burden faced by American families.Sen. Brown’s remarks, as prepared for delivery, follow:Think ab… Continue Reading


March 29, 2022

Brown, Colleagues Urge CFPB to Address Medical Debt

U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, led his colleagues in a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra highlighting the growing medical debt burden faced by consumers. Specifically, the letter urges the CFPB to use its authority to address the growing medical debt burden faced by U.S. consumers, and establish an ombudsman position for consumer medical debt. The ombudsman would help to facil… Continue Reading


March 25, 2022

Senators Reverend Warnock, Brown Pressure Banks to Provide Relief to Struggling Georgians, Eliminate Overdraft Fees

Today, U.S. Senator Reverend Raphael Warnock (D-GA), chair of the U.S. Senate Banking Subcommittee on Financial Institutions and Consumer Protection, joined Senator Sherrod Brown (D-OH), chair of the Senate Committee on Banking, Housing, and Urban Affairs, to send letters to major banks urging them to lower or fully eliminate their overdraft fees. The letters were sent to the Chief Executive Officers of Charles Schwab, JPMorgan Chase, PNC Financial Services Group, TD Group, Truist Financial Corp… Continue Reading


March 24, 2022

Brown Applauds New Sanctions on Putin Allies

WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement applauding President Biden’s announcement of new targeted sanctions on Duma members, Russian elites, and defense firms and others supporting Putin’s war effort.“These powerful new sanctions against hundreds of Putin allies are another critical step in U.S. leadership, bringing our allies together to ratchet up pressure on Russia to ha… Continue Reading


March 24, 2022

Brown: Biased Appraisals Hurt Homeowners, Communities, And 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, delivered the following opening statement at today’s hearing entitled “Strengthening Oversight and Equity in the Appraisal Process.” Yesterday, Sen. Brown applauded the Biden-Harris Administration’s Property Appraisal and Valuation Equity (PAVE) Interagency Task Force Action Plan to end biased appraisals.Sen. Brown’s remarks, as prepared for delivery, follow:A home is … Continue Reading


March 24, 2022

On The Senate Floor, Brown Urges Colleagues to Revoke Permanent Normal Trade Relations With Russia

WASHINGTON, D.C. - Today on the Senate Floor, U.S. Senator Sherrod Brown (D-OH) called for the U.S. Senate to act and vote to revoke Permanent Normal Trade Relations with Russia. A bill passed the House by a near unanimous and bipartisan vote and Brown is calling on his colleagues to pass this legislation in the Senate.“Russia should not have free and unlimited access to America’s economy. Even before this war, we knew that Russia cheats the rules on trade,” said Brown. “We need to do our part t… Continue Reading


March 23, 2022

Brown Applauds PAVE Interagency Action Plan on Equity in Appraisals

WASHINGTON, D.C. - Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement on the release of the Biden-Harris Administration’s Property Appraisal and Valuation Equity (PAVE) Interagency Task Force Action Plan. This week, Brown will hold a Committee hearing called: “Strengthening Oversight and Equity in the Appraisal Process.” “Black and brown families face greater barriers to homeownership at every turn - including i… Continue Reading


March 22, 2022

Brown: To Speed Up Supply Chains, We Must Reinvest in American Workers

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 “Building a Resilient Economy: Shoring Up Supply.”Sen. Brown’s remarks, as prepared for delivery, follow:For generations, manufacturing was the lifeblood of communities across Ohio and throughout the country. It was heavily unionized and the jobs paid well - and it’s not a coincidence that those thin… Continue Reading


March 21, 2022

Brown Applauds SEC's New Climate Disclosure Rule

WASHINGTON, D.C. - Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Securities and Exchange Commission (SEC) proposed new climate disclosures rules. The new disclosure requirements would require public companies to disclose climate-related information critical for investors to understand material risks to companies.“To protect Americans and our economy from climate change, we have to understand how cl… Continue Reading


March 18, 2022

Brown Statement on Removal of Medical Debt From Credit Reports

Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the nation’s largest credit-reporting firms: Equifax, Experian, and TransUnion announced they would remove most medical debt from credit reports; the changes came after the Consumer Financial Protection Bureau (CFPB) announced it would hold bureaus accountable for inaccurate reports:“Finally, millions of Americans will no longer have to worry about medical … Continue Reading


March 17, 2022

Brown, Colleagues Call For Review of Wells Fargo Refinancing Process

WASHINGTON, D.C. — Today, Senator Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Senators Dick Durbin (D-IL), Tina Smith (D-MN), Raphael Warnock (D-GA), Elizabeth Warren (D-MA), Ron Wyden (D-OR), Jon Ossoff (D-GA), Jeff Merkley (D-OR), Alex Padilla (D-CA), Bernie Sanders (D-VT), and Mark Warner (D-VA) sent a letter to the Department of Housing & Urban Development (HUD) and the Consumer Financial Protection Bureau (CFPB) to request a review… Continue Reading

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