Majority Press Releases
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
January 7, 2021
BROWN STATEMENT ON GEORGIA RUNOFF AND THE INCOMING DEMOCRATIC MAJORITY
WASHINGTON, D.C. —U.S. Senator Sherrod Brown (D-OH) incoming Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today released a statement following the news that Senate Democrats have clinched the majority by winning two historic Senate races in Georgia:“I welcome my future colleagues Senator-elect Raphael Warnock and Senator-elect Jon Ossoff, who will bring valuable experience and empathy to the Senate, and allow us to deliver the change Americans demanded with … Continue Reading
January 5, 2021
Brown Blasts CFPB For Allowing Lobbyists To Weaken Consumer Protections; Urges Congress To Reject The Taskforce’s Findings
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the CFPB’s Taskforce on Federal Consumer Law released its findings:“From the outset, it was clear that the CFPB’s Taskforce on Federal Consumer Law was just a pretext to gut regulations and protections for consumers. The Taskforce members have a history of undermining the CFPB and work at law firms representing payda… Continue Reading
January 2, 2021
Brown Hails Overwhelming Senate Vote to Override Trump Veto of NDAA: Promises to Work Closely with Incoming Biden Officials to Implement New Landmark Anti-Corruption Law
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today hailed the Senate’s overwhelming 81-13 vote to override President Trump's veto of the National Defense Authorization Act (NDAA), which included Brown’s historic comprehensive anti-money laundering and corporate transparency reforms."This veto override is the final step by Congress to enact this landmark measure; now incoming Biden Administration of… Continue Reading
December 23, 2020
Waters and Brown to Mnuchin: Listen to Stakeholders, Halt Any Significant Changes to the Housing Finance System
WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Mr. Steven Mnuchin, Secretary of the Treasury, urging him to listen to concerns from all stakeholders and halt any significant changes to our housing finance system during the current crisis. The letter also requests that Mr. Mnuchin brief the… Continue Reading
December 22, 2020
Readout Of Ranking Member Brown’s Meeting with Pete Buttigieg Nominee To Be Secretary of the Department of Transportation (DOT)
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released the following readout after he met with Pete Buttigieg Nominee To Be Secretary of the Department of Transportation by President-elect Biden. If confirmed, Buttigieg would be the first LGBTQ Cabinet secretary in our nation’s history: “The Department of Transportation will play a pivotal role in getting the COVID-19 crisis under control and r… Continue Reading
December 22, 2020
SENATE PASSES GOVERNMENT FUNDING MEASURE WITH KEY WINS FOR OHIO SECURED BY BROWN
WASHINGTON, D.C. - Today, the Senate passed a government funding measure that included key wins for Ohio secured by U.S. Senator Sherrod Brown (D-OH). The package, which includes badly needed COVID-19 relief for Ohio, passed the Senate by a bipartisan margin of 91-7. The House also passed the package, which now heads to the President’s desk to be signed into law.Brown fought to include key provisions for Ohio in the final package, including language to end surprise medical bills, provisio… Continue Reading
December 22, 2020
Brown’s Bipartisan Stable Housing for Foster Youth Bill Included In Omnibus Bill
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that his bipartisan legislation, the Fostering Stable Housing Opportunities Act of 2019, was included in the omnibus. The legislation which Brown introduced with Senator Charles Grassley (R-IA), Chairman of the Senate Finance Committee would provide Family Unification Vouchers (FUP) “on-demand” to foster youth who are at risk of homelessness as … Continue Reading
December 21, 2020
BROWN VOTES FOR COVID RELIEF BILL TO SEND IMMEDIATE ASSISTANCE TO WORKERS, RENTERS, SMALL BUSINESSES, VOWS TO FIGHT FOR ADDITIONAL HELP OHIOANS NEED
WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH) voted to pass the combined omnibus and COVID-19 relief bill that will send desperately needed assistance to Ohioans and small businesses, as well as our health care system in order to support vaccine procurement and distribution.For months, Brown has fought to put assistance directly in the pockets of workers, extend unemployment insurance, prevent evictions, provide rental assistance to help keep families stably housed, secure nece… Continue Reading
December 21, 2020
Brown Applauds The Inclusion Of Rental Assistance, Eviction Moratorium, And Other Key Priorities In The COVID Relief Package
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today released the following statement on the newly announced COVID-19 relief bill, which includes $25 billion rental and utility assistance for renters:“Finally families, small businesses, and communities will get much-needed help. As ranking member of the Senate Banking and Housing Committee, I fought for key priorities, including rental assistance, an … Continue Reading
December 18, 2020
Brown Statement on The Fed Allowing Wall Street Dividends and CEO Bonuses
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Federal Reserve announced it would allow buybacks next quarter:“This public health and economic crisis is getting worse, not better,” said Brown. “The Fed’s decision allows billions in dividends and bonuses for a select few while millions of Americans are reeling from this crisis. It is wrong. The Fed should be… Continue Reading
December 18, 2020
Brown: Combatting Climate Change an Opportunity to Create a Sustainable Economy that Makes People’s Lives Better
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today delivered the following remarks at the Center For American Progress (CAP) event called, “The Financial System & Climate Change: A Regulatory Imperative.” Sen. Brown’s remarks, as prepared for delivery, follow: Thank you, Marilyn Waite, CAP for hosting, Senator Schatz, John Podesta, Governor Brainard, and all the panelists for your leadership… Continue Reading
December 18, 2020
Brown to Senate Republicans: The American People Need Relief Now
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement on the current state of Covid Relief negotiations: “The American people need relief now. Democrats are fighting to help Americans pay their bills, to provide enhanced unemployment benefits, and to deliver the resources necessary to fight the pandemic. While Democrats have been advocating for working families, Republic… Continue Reading
December 16, 2020
Readout Of Ranking Member Brown’s Meeting with Representative Marcia Fudge, Nominee for HUD Secretary By President-Elect Biden
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following readout after he met with Representative Marcia Fudge, nominee to be Secretary of the Department of Housing and Urban Development (HUD): “At a time when millions of people are one crisis away from losing their homes or being evicted- it is clear that Representative Fudge is the right person for the job. During our meeting, we disc… Continue Reading
December 15, 2020
BROWN, WYDEN PRESS FOR ANSWERS FOLLOWING TREASURY DEPARTMENT CYBERSECURITY BREACH
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, and Senate Finance Committee ranking member, Sen. Ron Wyden (D-OR), are pressing for answers from the U.S. Treasury Department after recent reports indicate the department suffered a serious cyber-attack by actors widely suspected to be working for or on behalf of Russian intelligence services. In a letter sent to Treasury Secretary Steven Mnuchin, the senators… Continue Reading
