Majority Press Releases

June 18, 2021

Brown Applauds Federal Housing Administration on Steps to Remove Barriers to Homeownership for Those With Student Loan Debt

Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, applauded the Federal Housing Administration (FHA) for taking steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color. The updated policy more closely aligns FHA student loan debt calculation policies with other housing age… Continue Reading


June 17, 2021

Gillibrand Introduces New and Improved Consumer Watchdog Agency to Give Americans Control Over Their Data

U.S. Senator Kirsten Gillibrand today announced her renewed legislation, the Data Protection Act of 2021, which would create the Data Protection Agency (DPA), an independent federal agency that would protect Americans’ data, safeguard their privacy, and ensure data practices are fair and transparent. First introduced in 2020, the updated legislation has undergone significant improvements, including updated provisions to protect against privacy harms and discrimination, oversee the use of high-ri… Continue Reading


June 17, 2021

Brown: To Make Our Communities More Resilient, We Must Strengthen Flood Insurance

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 “Reauthorization of the National Flood Insurance Program, Part II.”Sen. Brown’s remarks, as prepared for delivery, follow:Today’s hearing is the second in our effort to enact a long-term reauthorization of the National Flood Insurance Program this Congress.In May, we heard from a panel of experts who emphasized that we… Continue Reading


June 15, 2021

Sens. Brown, Blunt, Durbin and Reps. Beatty, Wagner Introduce Bipartisan Bill to Improve Housing Services for Survivors of Human Trafficking

Today, U.S. Senators Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Roy Blunt (R-MO), and Dick Durbin (D-IL), as well as U.S. Representatives Joyce Beatty (D-OH) and Ann Wagner (R-MO), introduced legislation that would commission a study reviewing current homelessness and housing services for survivors of trafficking. The bill was previously introduced in 2019 and 2018.“To fight back against human trafficking, we have to address the affordable… Continue Reading


June 15, 2021

Brown: Local Leaders Are Calling for Transformative Infrastructure Investments, and We Must Listen

U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following remarks during a Committee hearing entitled, “21st Century Communities: Local Leaders on the Infrastructure Needs Facing America’s States, Cities, and Towns.” The witnesses testifying at today’s hearing include Mayor Daniel Horrigan of Akron, Ohio, Mayor Corey Woods of Tempe, Arizona, and Mayor Cyndy Andrus of Bozeman, Montana.Sen. Brown’s remarks, as prepared for… Continue Reading


June 10, 2021

Brown Applauds the Confirmations of Ms. Adrianne Todman, to be Deputy Secretary of Housing and Urban Development and Ms. Nuria Fernandez, to be Administrator of the Federal Transit Administration

Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, applauded the confirmations of Ms. Adrianne Todman of the Virgin Islands to be Deputy Secretary of Housing and Urban Development (HUD); and Ms. Nuria Fernandez of California to be Administrator of the Federal Transit Administration (FTA). Both historic nominees have broad bipartisan support. Fernandez is the first Senate-confirmed woman of color to lead the agency, and Todman is t… Continue Reading


June 10, 2021

Brown Presses Private Equity Firm on Evictions Filed During Moratorium

Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - requested a briefing from Pretium Partners, LLC about reports that the company has attempted to evict over a thousand tenants for unpaid rent despite the federal eviction moratorium. In his letter to Pretium Partners CEO Don Mullen, Senator Brown expresses particular concern that the company has reportedly filed eviction notices at higher rates in majority-Black counties.“While e… Continue Reading


June 9, 2021

Brown On Digital Currency: Our Banking System Should Work For Everyone

U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, delivered the following remarks during a Subcommittee on Economic Policy hearing entitled, “Building A Stronger Financial System: Opportunities of a Central Bank Digital Currency.”Video of the remarks can be found here.Sen. Brown’s remarks, as prepared for delivery: Thank you to Chair Warren and Ranking Member Kennedy for holding this important hearing, and thank you to our witnesses. I’… Continue Reading


June 9, 2021

At Hearing, Warren Delivers Remarks on Digital Currency

Today, chairing a hearing of the Senate Banking, Housing, and Urban Affairs Committee's Subcommittee on Economic Policy, United States Senator Elizabeth Warren (D-Mass.) delivered remarks on the opportunities and risks that digital currencies present. Following Senator Warren's remarks the following will testify: Dr. Neha Narula, Director of the Digital Currency Initiative at MIT; Lev Menand, Academic Fellow And Lecturer In Law at Columbia Law School; J. Christopher Giancarlo, Senior Counsel at… Continue Reading


June 9, 2021

Brown Applauds Biden-Harris Administration’s First Step to Restoring Fair Housing Act

Today, 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 U.S. Department of Housing and Urban Development (HUD) released an interim final rule restoring key provisions of HUD’s Affirmatively Furthering Fair Housing (AFFH) rule, which implements a critical element of the Fair Housing Act but had been gutted by the Trump Administration:“More than 50 years ago, we made a commitment to promote fair… Continue Reading


June 8, 2021

Senate Passes Bipartisan Legislation With Key Brown Provisions to Make Historic Investments in Science, Technology & Innovation, Allow U.S. To Better Compete With China

Today, the U.S. Senate passed the U.S. Innovation and Competition Act, which included key provisions from U.S. Senator Brown (D-OH) to make a once-in-a-generation investment in American science, technology and innovation to help the U.S. preserve its competitive edge.“Our competitors like China spend billions propping up state-owned enterprises and subsidizing research and development, and they also take our ideas and use them to compete - and sometimes cheat - against American workers and busin… Continue Reading


June 8, 2021

Chair Tina Smith Leads Hearing on Rural Transit, Brings Transit Leaders Together to Discuss Connecting Rural Communities

Today, U.S. Senator Tina Smith (D-Minn.), Chair of a key Senate transportation subcommittee, led a hearing to gather input from rural transit leaders from across the country—including Brandon Nurmi from Arrowhead Transit in Virginia, Minnesota. The local transit officials shared the challenges they face each day in managing transit services in rural areas, as well as innovative solutions to connect rural communities.Chair Smith, who was joined at the bipartisan hearing by the Subcommittee’s Rank… Continue Reading


June 4, 2021

Brown, Reed, Tester Applaud Fixes to VA’s Assistance for Military Borrowers

Today, U.S. Sens. Sherrod Brown (D-OH), Chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Jack Reed (D-RI), Chair of the U.S. Senate Committee on Armed Services, and Jon Tester (D-MT), Chair of the U.S. Senate Committee on Veterans’ Affairs, applauded the Department of Veterans Affairs (VA) for making changes to the agency’s proposed COVID-19 Veterans Assistance Partial Claim Payment (COVID-VAPCP) program in response to concerns raised by the Senators and other stakehold… Continue Reading


May 27, 2021

U.S. Senator Tina Smith Highlights Urgent Need to Invest in Housing for Native Americans at First Hearing as Chair of Key Senate Panel

U.S. Senator Tina Smith (D-Minn.) - in her first hearing as Chair of a key Senate housing panel - said there is an urgent need for investment in housing for Native Americans in Minnesota and across the country, and promised to continue efforts to knock down the systemic barriers that have kept generations of Native Americans from having a safe, stable, and affordable place to live.Chair Smith, who was joined at the bipartisan hearing by the Subcommittee’s Ranking Member Sen. Mike Rounds (R-SD), … Continue Reading


May 26, 2021

Brown Statement on Big Bank Hearing

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 a historic hearing with the CEOs of JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley.“Wall Street is on notice. The days of these banks and their allies controlling this committee are over,” said Brown. “The CEOs that came before us are the most powerful economic actors in the country and the signals they se… Continue Reading


May 26, 2021

Brown to Wall Street CEOs: Prove to Us You’ll Change the System to Make the Economy Work for Everyone

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 “Annual Oversight of Wall Street Firms.”Sen. Brown’s remarks, as prepared for delivery, follow:Today is the first time we have ever had the CEOs of the nation’s six largest banks together before the Committee.Over a century ago, Louis Brandeis wrote about the concentration of corporate power and how it distorts the mar… Continue Reading


May 25, 2021

Brown: Regulators Need to Stand Up for the Workers Who Make Up the Real Economy

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 Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.”Sen. Brown’s remarks, as prepared for delivery, follow:A year ago today, we watched for eight minutes and 46 seconds as police murdered George Floyd, and across the country, we saw Americans demand justice for the kil… Continue Reading


May 20, 2021

Brown: Investing in Infrastructure Will Help Communities Thrive

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 “21st Century Communities: Expanding Opportunity Through Infrastructure Investments.”Sen. Brown’s remarks, as prepared for delivery, follow:We are honored today to welcome Secretary Marcia Fudge of the Department of Housing and Urban Development and Secretary Pete Buttigieg of the Department of Transportation. Presiden… Continue Reading


May 20, 2021

Brown Calls on OCC Acting Comptroller Hsu to Review Cryptocurrency Bank Charters

U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, urged Acting Comptroller Michael Hsu to review charters granted to several cryptocurrency exchanges by the Trump Administration. In his letter, he highlighted the risk of granting charters to non-banks and the need to ensure consumers and the banking system are protected. “I am concerned about a number of national trust charters granted by the prior leadership of the OCC. Shortly after f… Continue Reading


May 19, 2021

Senate Banking and Housing Committee Advances Todman, Fernandez Nominations

Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, advanced two nominations: Ms. Adrianne Todman, of the Virgin Islands, to be Deputy Secretary of Housing and Urban Development (HUD); and Ms. Nuria Fernandez, of California, to be Administrator of the Federal Transit Administration (FTA). Both nominees were approved by a voice vote.Sen. Brown’s remarks at today’s markup, as prepared for delivery, follow:Today, we are approving the … Continue Reading

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