Majority Press Releases
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
December 15, 2020
Brown Blasts FDIC For Endangering the Economy
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 Deposit Insurance Corporation (FDIC) announced changes to rules around brokered deposits and industrial loan companies: “The FDIC and OCC have spent the last several months undermining what it means to be a bank in this country - putting the hard-earned money of millions of Americans at even more risk during a global p… Continue Reading
December 15, 2020
Brown Statement On The Selection Of Pete Buttigieg To Be Secretary of the Department of Transportation
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, which has jurisdiction over public transportation, released a statement after President-Elect Biden announced the nomination of Pete Buttigieg to be Secretary of the Department of Transportation. If confirmed, Buttigieg would be the first LGBTQ Cabinet secretary in our nation’s history: “Pete Buttigieg is more than ready to finally address our nation’… Continue Reading
December 11, 2020
BROWN APPLAUDS SENATE PASSAGE OF DEFENSE BILL WHICH INCLUDES BROWN’S ANTI-MONEY LAUNDERING ACT AND CORPORATE TRANSPARENCY ACT LEGISLATION
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 final version of the National Defense Authorization Act (NDAA), which included Brown’s historic comprehensive anti-money laundering and corporate transparency reforms, passed the United States Senate and was cleared for Presidential action: “These anti-money laundering and corporate transparency reforms were … Continue Reading
December 10, 2020
Brown Statement On The Selection Of Representative Marcia Fudge To Be Secretary Of Housing And Urban Development
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 a statement after President-Elect Biden announced the nomination of Representative Marcia Fudge to be Secretary of Housing and Urban Development (HUD): “Representative Fudge is a talented lawyer, successful mayor, and effective legislator. She has shown time and time again, that there is nothing she can’t accomplish. I am confident that as Secr… Continue Reading
December 8, 2020
Readout Of Ranking Member Brown’s Meeting With Wally Adeyemo Nominee For Deputy Treasury 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 Wally Adeyemo Nominee for Deputy Treasury Secretary by President-elect Biden, if confirmed Adeyemo would be the first African American Deputy Secretary of Treasury: “I spoke with Mr. Adeyemo about a wide range of issues. Mr. Adeyemo and I agree that Treasury will be essential to addressing this public hea… Continue Reading
December 8, 2020
Readout Of Ranking Member Brown’s Meeting With Dr. Cecilia Rouse, Nominee To Be Chair Of The Council Of Economic Advisers (CEA) 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 Dr. Celia Rouse Nominee for Chair of the Council of Economic Advisers by President-elect Biden: “I could not think of a more qualified person to lead the Council of Economic Advisers- Dr. Rouse’s career has been focused on workers and economic security. She will bring that expertise to the CEA and help the … Continue Reading
December 8, 2020
Readout of Ranking Member Brown’s Meeting with Dr. Janet Yellen, Nominee To Be Treasury 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 Dr. Janet Yellen Nominee for US Treasury Secretary by President-elect Biden. If confirmed Yellen would be the first woman to lead Treasury: “I spoke with Dr. Yellen about tax policy, climate change, economic inequality, unbanked and underbanked communities, as well as how best to address the current publi… Continue Reading
December 7, 2020
Brown Honors The Life Of Former Senator Paul Sarbanes
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 passing of former Senator Paul Sarbanes: “Today we mourn the passing of former Senator Paul Sarbanes, a distinguished statesman, a voice for consumers and working families, and former Chairman of the Senate Banking, Housing, and Urban Affairs Committee. Senator Sarbanes’ life of public service centered on workers a… Continue Reading
December 3, 2020
Brown Hails Inclusion of the Anti-Money Laundering Act and Corporate Transparency Act in NDAA Conference Report
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 hailing the inclusion of historic comprehensive anti-money laundering and corporate transparency reforms into the final version of the National Defense Authorization Act (NDAA), soon to be voted on in the House and Senate: “We need to strengthen, reform, and update our nation’s anti-money laundering laws, and put an e… Continue Reading
December 1, 2020
Brown: We Need Bold Action To Restore People’s Faith In Our Government
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member 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: Thank you, Chairman Crapo. Welcome Secretary Mnuchin and Chairman Powell. I’d first like to take a moment to thank Senator Jones and Senator McSally for their service on the… Continue Reading
November 30, 2020
Brown Statement on the Biden’s Economic Team
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 a statement after President-Elect Biden announced his historic economic team: “These are excellent choices by President-elect Biden. Janet Yellen is the kind of public servant we need. She, along with the rest of the economic team will restore American’s faith in their government and prioritize workers over Wall Street. They are all experienced… Continue Reading
November 24, 2020
Brown, Colleagues Press FHFA to Ensure Access for Low-Income and Minority Borrowers
U.S. Sen. Sherrod Brown (D-OH), ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today sent a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabria, urging the Enterprises to renew their focus on facilitating safe, affordable refinance loans to all, including low-income borrowers. The lawmakers stressed that it is more important now than ever that the Enterprises are dedicated to serving the entire housing market, including low-income ho… Continue Reading
November 20, 2020
Brown Blasts Mnuchin For Cutting off Economic Help
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 Secretary Mnuchin requested the Federal Reserve return CARES Act money to Treasury: “There can be no doubt, the Trump administration and their congressional toadies are actively trying to tank the U.S. economy. For months, they have refused to take the steps necessary to support workers, small businesses, and res… Continue Reading
November 19, 2020
Brown Statement on FHFA’s Enterprise Capital Rule
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 Housing Finance Agency (FHFA) released their final capital rule for Fannie Mae and Freddie Mac.“The GSEs help millions fulfill the dream of homeownership - especially those living in underserved rural and urban areas. Director Calabria’s rush to finish this rule without addressing concerns raised about i… Continue Reading
November 18, 2020
Brown To Senate Colleagues: Shelton Failed, It Is Time to Focus On Fighting COVID and Save Lives
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 took to the Senate Floor to urge his colleagues to move on from Judy Shelton’s nomination, and instead get to work to empower Americans with a real plan to fight the Coronavirus, as cases surge around the country. The Majority Leader needs to work with Senate Democrats to extend direct support for families while we fight this virus and get our country… Continue Reading
November 18, 2020
Brown Statement on the Nomination of Brian Brooks
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 President Trump announced his intent to nominate Brian Brooks to be Comptroller of the Currency (OCC):“The American people sent a clear message in this election: they voted for stability, and they rejected an administration that has failed them in the middle of a public health and economic crisis. President Trump cont… Continue Reading
November 17, 2020
Brown to SEC: Put Investors First
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled ‘Oversight of the Securities and Exchange Commission’ Sen. Brown’s remarks, as prepared for delivery, follow: Thank you, Chairman Crapo, and welcome Chair Clayton. Thank you for your service. In this election, voters rejected this Administration and its Wall Street first attitud… Continue Reading
November 16, 2020
Brown to Senate Colleagues: A Vote For Judy Shelton is a Vote for President Trump's Failed Economic policies
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 continued to press his colleagues to vote against Judy Shelton’s nomination to the Federal Reserve Board of Governors. Brown highlighted Dr. Shelton’s record including her decades-long advocacy for the Gold Standard. Brown made clear that Dr. Shelton is a highly troubling and destabilizing choice for the Federal Reserve Board at a critical time for th… Continue Reading
November 12, 2020
Brown Lays Out How Financial Regulators Have Left Workers And Their Families Behind
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled ‘Oversight of Financial Regulators.’Sen. Brown’s remarks, as prepared for delivery, follow: The American people sent a clear message in this election: they rejected an administration where Wall Street and corporations run the economy - people want a government that’s on their side. F… Continue Reading
