Majority Press Releases
Brown: Our Fellow Americans, The People of Puerto Rico, Deserved Better
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 U.S. Department of Housing and Urban Development Office of Inspector General (HUDOIG) released its long-awaited report on the Trump’s Administration obstruction and delays in providing funding to the people of Puerto Rico following Hurricane Maria:“It should be no surprise that an Administration that fired so many Inspectors G… Continue Reading
April 22, 2021
Brown: We Must Invest In Clean Energy and Jobs
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 “21st Century Communities: Capitalizing on Opportunities in the Clean Energy Economy.”Sen. Brown’s remarks, as prepared for delivery, follow:First, I want to take a moment to acknowledge the verdict in Minnesota Tuesday, and the tragic shooting that same day, in Columbus in my state.While Tuesday’s g… Continue Reading
April 20, 2021
Brown: We Must Invest In Rural And Native Communities
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 “An Economy that Works For Everyone: Investing in Rural Communities.”Sen. Brown’s remarks, as prepared for delivery, follow:For years, the work of the Committee on Banking, Housing, and Urban Affairs has been far too much about Wall Street, far too little about housing, and almost nothing about peopl… Continue Reading
April 15, 2021
Brown Applauds Biden Administration’s New Russia Sanctions
U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after the Biden Administration announced new sanctions against Russia:“These tough, targeted sanctions in response to Russia’s interference in our elections, its cyber attacks, and other malign activity will hold Putin accountable by imposing real economic costs, and hopefully help deter future Russian aggression,” said Brown. “I applaud President B… Continue Reading
April 15, 2021
Brown: Equitable Investment in Public Transit Will Create Jobs and Improve Our Communities
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 “21st Century Communities: Public Transportation Infrastructure Investment and FAST Act Reauthorization.”Sen. Brown’s remarks, as prepared for delivery, follow:Shortly before the pandemic, Chairman Crapo and our Committee held a well-attended hearing on the reauthorization of federal transit programs… Continue Reading
April 14, 2021
Brown and Rubio Re-Introduce Legislation to Protect Small Businesses from Predatory Lenders
WASHINGTON, D.C. - Today, U.S. Senators Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Marco Rubio (R-FL) re-introduced legislation to protect small businesses from fly-by-night predatory lenders.“When we let financial predators harm hardworking Americans through scams like confessions of judgment, we undermine the dignity of work,” said Brown. “This bipartisan bill would protect consumers and small business owners from predatory lenders t… Continue Reading
April 14, 2021
Brown Applauds Gary Gensler’s Confirmation
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 Senate confirmed Gary Gensler to be chairman of the Securities and Exchange Commission (SEC):“I applaud Mr. Gensler on his confirmation as chairman of the Securities and Exchange Commission (SEC). Mr. Gensler will lead the SEC at a time when it’s become more and more obvious to most people that the stock market is detached fro… Continue Reading
April 13, 2021
Brown Takes to Senate Floor to Urge Colleagues to Support Gary Gensler’s Nomination to Lead SEC
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 Gary Gensler as chair of the Securities and Exchange Commission (SEC).Video of the remarks can be found here.Brown’s remarks on the Senate Floor, as prepared for delivery, are below:Mr./Mme. President,I urge my colleagues to support President Biden’s nominee to be Chair of the Securities and Exchange C… Continue Reading
April 13, 2021
At Hearing, Warren Delivers Remarks on Student Debt Crisis
Washington, D.C. - Today, during her first hearing as chair of the Senate Banking, Housing, and Urban Affairs Committee's Subcommittee on Economic Policy, U.S. Senator Elizabeth Warren (D-Mass.) delivered remarks on the student loan debt crisis in our country and its impact on racial justice, borrowers and the economy. Senator Warren continued her calls for President Biden to use his existing authority to cancel $50,000 in student debt. The senator also highlighted new data that she obtained fro… Continue Reading
April 13, 2021
Brown: We Must Address the Legacy of Housing Discrimination
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 “Separate and Unequal: The Legacy of Racial Discrimination in Housing” Sen. Brown’s remarks, as prepared for delivery, follow:On Sunday, we marked the 53rd anniversary of the passage of the Fair Housing Act.53 years ago, jarred by the assassination of the Reverend Dr. Martin Luther King, our country … Continue Reading
April 9, 2021
Brown Calls Attention to Tenant Screening Inaccuracies That can Lock Tenants Out of the Housing Market
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, pressed several tenant screening companies about the impact of inaccuracies in screening reports and scores, which can lock tenants out of the mainstream housing market and exacerbate racial disparities in access to affordable housing.“With a growing number of lower-income renters competing for a limited number of housing units, the results of a tenant screening report… Continue Reading
April 8, 2021
Brown Presses Banks for Answers on Risky Trades and Recent Market Turmoil
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today pressed some of the world’s biggest banks, including Credit Suisse Securities LLC, Nomura Holding America Inc., Goldman Sachs, and Morgan Stanley for answers about the margin call and market activity connected to Archegos Capital Management.“I am troubled, but not surprised, by the news reports that Archegos entered into risky derivatives transactions facilitate… Continue Reading
March 31, 2021
Brown Applauds Biden ‘American Jobs Plan’ to Create Millions of Good Jobs While Making Historic Investments in U.S. Infrastructure & Helping Rebuild Economy
WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH) applauded President Biden’s newly released American Jobs Plan, which includes historic investments in improving our nation’s infrastructure, affordable housing, school facilities, manufacturing and skills training, and more - all while creating good-paying American jobs.This plan would be paid for by ensuring this country’s largest corporations pay their fair share in taxes and are encouraged to create jobs here at home. A recent study fou… Continue Reading
March 29, 2021
Brown: CDC Eviction Moratorium is “Essential”
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after Centers for Disease Control and Prevention (CDC) Director Walensky announced an extension of the CDC eviction moratorium through June 30th, 2021:“No one should be left without a home, especially during a pandemic. Director Walensky’s extension of the CDC’s eviction moratorium, which has provided a lifeline to millions of ren… Continue Reading
March 25, 2021
Van Hollen, Brown, Garcia Announce Congressional Review Act Legislation to Repeal Trump-era “Rent-A-Bank” Rule
WASHINGTON - Today, U.S. Senator Chris Van Hollen (D-Md.), a member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Committee Chairman Sherrod Brown (D-Ohio), and Congressman Chuy Garcia (D-IL4) announced legislation to repeal the Trump Administration’s so-called True Lender Rule through the use of the Congressional Review Act. This regulation, finalized in the last months of the prior Administration, allows predatory lenders to skirt state laws meant to curb interest rates … Continue Reading
March 25, 2021
Brown: The Economy Grows When We Invest in the People Who Make it Work
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 ‘American Rescue Plan: Shots in Arms and Money in Pockets.’Sen. Brown’s remarks, as prepared for delivery, follow:Yesterday in this committee, we heard from Treasury Secretary Yellen and Federal Reserve Chair Powell as they gave their quarterly CARES Act report to Congress.There was a clear message from their testimony… Continue Reading
March 24, 2021
Brown Statement on the Nomination of Adrianne Todman to be Deputy Secretary of U.S. Department of Housing and Urban Development (HUD)
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 President Biden announced the nomination of Adrianne Todman to be Deputy Secretary Of U.S. Department of Housing and Urban Development (HUD):“Adrianne Todman brings years of housing and community development experience from various perspectives - implementing national policy at HUD, running a large public housing agency, and worki… Continue Reading
March 24, 2021
Brown Statement at Quarterly CARES Act Hearing
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 Quarterly CARES Act Report to Congress.’Sen. Brown’s remarks, as prepared for delivery, follow:One year ago, we were weeks into this pandemic, and already the United States had the most confirmed infections in the world.By April, a million Americans had gotten the virus and 10 million were out of work. By the end … Continue Reading
March 19, 2021
Brown Applauds Bank Regulators for Standing Up to Wall Street
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 Federal Reserve and other banking agencies announced they would not extend regulatory exemptions for the nation’s biggest banks:“This is a victory for lending in communities hit hard by the pandemic, and for the stability of our financial system. I will continue to fight for regulators to prioritize the real economy over stock… Continue Reading
March 18, 2021
Brown Statement on HUD’s Homeless Assessment Report
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) released their 2020 Annual Homeless Assessment Report.“Today’s report is more proof that America was facing an affordable housing and homelessness crisis, and deep racial and ethnic disparities in access to housing, long before COVID- 19. Thankfully, the American Rescue Plan De… Continue Reading
