Majority Press Releases

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


January 18, 2021

Brown Statement On The Selection Of Rohit Chopra to be Director of the Consumer Financial Protection Bureau (CFPB)

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-Elect Biden announced the nomination of Rohit Chopra to be Director of the Consumer Financial Protection  Bureau (CFPB).“Rohit Chopra is a bold and experienced choice to serve as the next Director of the Consumer Financial Protection Bureau. In his current role as FTC Commissioner, Mr. Chopra has taken on big te… Continue Reading


January 15, 2021

Brown, Reed, Tester Object to the VA’s Covid-19 Veterans Assistance Partial Claim Payment Program Proposal

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, Jack Reed (D-RI), presumed incoming chair of the U.S. Senate Committee on Armed Services, and Jon Tester (D-MT), presumed incoming chair of the U.S. Senate Committee on Veterans’ Affairs, sent a letter to the Department of Veterans Affairs (VA) expressing concern about the proposed COVID-19 Veterans Assistance Partial Claim Payment (COVID-VAPCP) program… Continue Reading


January 14, 2021

Brown Applauds Biden Economic Rescue Package, Proposal Includes Several Key Provisions Brown Has Long Fought For

WASHINGTON, D.C. — U.S. Senator Sherrod Brown (D-OH), expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after President-elect Biden announced his COVID-19 economic rescue package. The proposal includes several key priorities for which Brown has long fought:“President-elect Biden’s bold plan would deliver the results Americans voted for by increasing stimulus checks to $2,000, dramatically expanding the Child Tax… Continue Reading


January 14, 2021

Brown Blasts Trump Administration’s Changes to GSE Legal Agreements on the Way Out the Door

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - presumed incoming chair of U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Trump Administration announced significant changes to the senior preferred stock purchase agreements (PSPAs), the legal agreements between the Treasury Department and Fannie Mae and Freddie Mac (the GSEs):“At the 11th hour, the Trump administration has decided it’s time to jam through changes to the GSEs and leave… Continue Reading


January 7, 2021

Brown Statement Condemning Mass Arrests in Hong Kong

WASHINGTON, D.C. —U.S. Senator Sherrod Brown (D-OH) expected incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released a statement in light of the major crackdown on opposition figures in Hong Kong: “I condemn the sweeping crackdown and mass arrests of innocent opposition figures by Hong Kong’s Chinese-backed security forces. These gross abuses of the internationally-recognized human rights and democratic freedoms of the people of Hong Kong mu… Continue Reading

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