Majority Press Releases
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
February 3, 2021
Brown Meets with President Biden and Senate Chairmen at White House to Discuss Covid Relief Package
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH) met with President Biden and other key Senate Chairmen at the White House to discuss efforts to move forward on the COVID relief package proposed by President Biden. As incoming Chair of the Senate Banking, Housing and Urban Affairs Committee, Brown will help shepherd key provisions of the package through the Committee and through the Senate. "President Biden and Senate Democrats are committed to getting critical COVID relief to the Am… Continue Reading
February 3, 2021
Brown Announces Democratic Banking, Housing, and Urban Affairs Membership for the 117th Congress
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - incoming chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - issued the following statement regarding the Banking and Housing Committee membership for the 117th Congress: “For too long, the Senate Banking, Housing, and Urban Affairs Committee has only delivered for Wall Street - under new Democratic leadership, we’re going to get to work for everyone else, and put workers, and their families, and what matters to thei… Continue Reading
February 2, 2021
Brown Statement on the Confirmation of Pete Buttigieg to be Secretary of the Department of Transportation
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 statement after the Senate confirmed Pete Buttigieg to be Secretary of the U.S. Department of Transportation (USDOT):“Mr. Buttigieg understands the dignity of work and I am confident that as Secretary of USDOT he will work to make our transportation systems more equitable and sustainable,” said Brown. “As Chairman of the Banking & Hous… Continue Reading
January 28, 2021
Brown: Wall Street Only Cares About Rules When Hedge Funds Get Hurt
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, announced today he intends to hold a hearing on the current state of the stock market: “People on Wall Street only care about the rules when they’re the ones getting hurt. American workers have known for years the Wall Street system is broken - they’ve been paying the price. It’s time for the SEC and Congress to make the economy work for everyone not … Continue Reading
January 28, 2021
Brown Opening Statement at Nomination Hearing for HUD Secretary and CEA Chair
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - presumed incoming 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 Department of Housing and Urban Development (HUD) and the Council of Economic Advisers (CEA):Sen. Brown’s remarks, as prepared for delivery, follow: Today we consider the nominations of two distinguished public servants, my Congresswoman - Marcia Fudge to lead the Dep… Continue Reading
January 26, 2021
Brown Applauds Biden Administration’s Commitment to Combat Housing Discrimination, Enforce Fair Housing Act
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - presumed incoming chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after President Biden signed four executive orders, including one that would direct the Department of Housing and Urban Development (HUD) to fully implement our fair housing laws:“More than 50 years after Congress passed the Fair Housing Act, access to housing remains unequal,” said Senator Brown. “The inequities we … Continue Reading
January 26, 2021
Brown Congratulates Todd Harper on His Designation as Chairman of the NCUA
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released a statement after President Biden announced that Todd Harper was designated as Chair of the National Credit Union Administration (NCUA):“Todd Harper has spent his career in public service and has a deep understanding of credit union issues. As a Board Member, he has fought for strong consumer protections and capital requirements. I look for… Continue Reading
January 25, 2021
Brown to Senate Colleagues: Yellen Understands the Dignity of Work
WASHINGTON, D.C. — Today, U.S. Sen. Sherrod Brown (D-OH), presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs, took to the Senate Floor to urge his colleagues to confirm Janet Yellen as Secretary of the Treasury Department. Yellen has broad bipartisan support and if confirmed, will be the first woman to hold the position.Video of the remarks can be found here.Brown’s remarks on the Senate Floor, as prepared for delivery, are below: Mr./Mdme. President,A few da… Continue Reading
January 20, 2021
Brown: DACA Recipients are Fully Eligible for FHA Loans
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released a statement after the Trump Administration announced today that it would extend federally backed mortgages to DACA recipients:“After spending years confusing borrowers and lenders, at the eleventh hour the Trump Administration finally reversed its discriminatory policy and confirmed what we all know should have been true all along - that DAC… Continue Reading
January 20, 2021
Brown, Reed Press FHFA for Information on Loan Sales Made During Covid-19 Pandemic
Washington D.C. - Today, U.S. Sen. Sherrod Brown (D-OH), presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs and Jack Reed (D-RI), sent a letter to the Federal Housing Finance Agency (FHFA) requesting clarification on the FHFA’s policy regarding loan sales by Fannie Mae and Freddie Mac (the Enterprises) during the COVID-19 pandemic. The lawmakers requested clarity on the FHFA’s and the Enterprises’ policies and urged them to do more to ensure that borrowers ar… Continue Reading
