Majority Press Releases
Ranking Member Brown, Chairwoman Waters Call on Administration to Stabilize the Housing Market During the Coronavirus pandemic
Today, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin urging them to ensure the stability of the housing market in the face of the Coronavirus pandemic. The lawmakers called on the Federal Reserve and Treasury to use the authority provided to them… Continue Reading
April 10, 2020
Brown, Schatz, Warren Urge Fed To End Capital Distributions Like Stock Buybacks, Dividends, And Executive Bonuses
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sen. Brian Schatz (D-HI), and Sen. Elizabeth Warren (D-MA) yesterday sent a letter to Jerome Powell, Chairman of the Federal Reserve, calling for the Fed to end capital distributions like stock buybacks, dividends, and executive bonuses as the economy recovers from the Coronavirus pandemic. The Senators urged the Fed to do more to help small business owners and hardworking f… Continue Reading
April 9, 2020
Brown, Hawley Call On Mnuchin To Ensure That Direct Payments Go To Hardworking Americans Not To Predatory Debt Collectors
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Senator Josh Hawley (R-MO) today sent a letter to Secretary Mnuchin urging him to act immediately to ensure that Americans receive the full amount of their direct payments, provided for by Congress in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Senators in their letter made clear that Treasury must use every available tool to ensure that hardworki… Continue Reading
April 9, 2020
ICYMI: Brown, Reed Seek to Create $75 Billion Housing Assistance Fund
WASHINGTON, DC - In an effort to prevent the novel coronavirus (COVID-19) pandemic from sparking a full-blown housing, eviction, and foreclosure crisis, U.S. Senators Sherrod Brown (D-OH), ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, and Jack Reed (D-RI), are offering legislation to provide a new $75 billion Housing Assistance Fund to help households struggling to make ends meet.The Housing Assistance Fund would build off of the success of the Hardest … Continue Reading
April 9, 2020
RANKING MEMBER BROWN, CHAIRWOMAN WATERS CALL ON ADMINISTRATION OFFICIALS TO STEP UP EFFORTS TO IMPLEMENT DEFENSE PRODUCTION ACT
WASHINGTON, D.C. - Today, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Mark Esper, Secretary of Defense, and Alex Azar, Secretary of Health and Human Services, urging them to focus the use of resources provided by Congress in H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to bolster the prod… Continue Reading
April 9, 2020
Brown, Senate Dems Urge Regulators to End Attempts to Weaken the Community Reinvestment Act
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today led 42 Senate Democrats in calling for the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to rescind their Community Reinvestment Act (CRA) proposed rule, which would weaken this critical civil rights law. In their letter to regulators, the Senators called for the FDIC and OCC to listen to the input of community organ… Continue Reading
April 9, 2020
Brown, Senate Dems Urge Regulators to End Attempts to Weaken the Community Reinvestment Act
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today led 42 Senate Democrats in calling for the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to rescind their Community Reinvestment Act (CRA) proposed rule, which would weaken this critical civil rights law. In their letter to regulators, the Senators called for the FDIC and OCC to listen to the input of community organ… Continue Reading
April 8, 2020
Brown Statement Regarding The Fed’s Decision To Lift Wells Fargo’s Asset Cap
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 following the news that the Federal Reserve intends to lift the cap on growth placed on Wells Fargo after their fake account scandal:“The Federal Reserve’s decision to lift Wells Fargo’s asset cap is troubling. Wells Fargo has demonstrated it is too large to manage, and time and time again that it can’t be trusted to do right by their custom… Continue Reading
April 7, 2020
Brown Statement Regarding The Trump Administration’s Decision To Oust Glenn Fine As Chair Of The Pandemic Response Accountability Committee
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 following the news that the Trump Administration has removed Glenn Fine from his post as Chair of Pandemic Response Accountability Committee: “In another erratic move by the President, the Inspector General he appointed two weeks ago to oversee the pandemic response has now been removed. This inexplicable action raises even more ques… Continue Reading
April 7, 2020
Brown, Senate Dems Blast Consumer Financial Protection Bureau (CFPB) Director For Not Doing More to Protect Consumers During the Coronavirus Pandemic
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sen. Brian Schatz (D-HI), Sen. Chris Van Hollen (D-MD), Sen. Elizabeth Warren (D-MA) and Sen. Jack Reed (D-RI) today sent a letter to the Director of the Consumer Financial Protection Bureau (CFPB) urging her to cease carrying out the Trump Administration’s deregulatory agenda and instead focus on providing relief for hardworking Americans during this economic crisis. “In t… Continue Reading
April 6, 2020
BROWN, DURBIN TO FINANCIAL REGULATORS: PROTECT CONSUMERS FROM PREDATORY LENDING PRACTICES DURING COVID-19 PANDEMIC
WASHINGTON, D.C. - Amid the COVID-19 pandemic, U.S. Senators Sherrod Brown (D-OH) and Dick Durbin (D-IL) today pressed the nation’s top financial regulators to issue guidance and lending principles that include a heightened emphasis on protecting our nation’s ailing small businesses and consumers from predatory lending practices. In a letter to Jerome Powell, Chair of the Board of Governors of the Federal Reserve System; Kathleen Kraninger, Director of the Consumer Financial Protection Bu… Continue Reading
April 4, 2020
Brown Statement On President Trump’s Intention To Nominate Brian Miller For Special Inspector General For Pandemic Recovery (SIGPR)
“Inspectors General have historically been apolitical- the White House’s decision to nominate Brian Miller, a White House Lawyer, is troubling. I fought for increased oversight in the CARES Act because Congress must hold the Trump administration accountable for how they administer these programs and guarantee that corporations getting taxpayer money put their workers first. I question whether Mr. Miller is able to do that. Mr. Miller will be called upon to answer how he will ensure he is i… Continue Reading
April 4, 2020
Brown Blasts Zoom Video Communications For Inaccurately Advertising Their End-To-End Encryption Capabilities; Calls For The Federal Trade Commission (FTC) To Investigate
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - yesterday sent letters to Zoom Video Communications, Inc. and the Federal Trade Commission (FTC) about the company’s virtual meeting technology, including concerns that Zoom may have engaged in deceptive practices by inaccurately advertising end-to-end encryption of its virtual meetings, putting consumers’ information and privacy at risk. Brown called for the FTC to init… Continue Reading
April 3, 2020
Brown Statement On The Fed’s Decision to Relax Leverage Ratio Requirements
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 today following news that the Federal Reserve intends to further relax leverage ratio requirements: “The leverage ratio was put in place because regulators proved time and time again they were bad at estimating banks’ risks, and leverage ratios don’t require making complicated predictions. Right now as we deal with the economic fallo… Continue Reading
April 3, 2020
Brown, Senate Democrats Call On Mnuchin To Ensure That Direct Payments Go To Hardworking Americans Not To Predatory Debt Collectors
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, Urban Affairs, Sen. Ron Wyden (D-OR), Ranking Member of the U.S. Senate Committee on Finance, and Senator Elizabeth Warren (D-MA), Ranking Member of the Financial Institutions And Consumer Protection Subcommittee, today called for Secretary Mnuchin to act immediately to ensure that Americans receive the full amount of their direct payments, provided for by Congress in the Coronavirus Aid, Relie… Continue Reading
April 1, 2020
As Americans Get Their Rent And Mortgage Bills, Brown Pushes For More Help For Homeowners And Renters During Coronavirus Pandemic
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 today (April 1st) when rent and mortgage payments are due for millions of households whose jobs have been affected by the COVID-19 (coronavirus) pandemic.“Many Americans have their rent and mortgage payments due today. Too many won’t have the income to pay them. This pandemic is a painful reminder of how vulnerable millions of workers are t… Continue Reading
March 31, 2020
Brown, Senate Democrats Call On Mnuchin To Defend The Creation Of A Special Inspector General For Pandemic Recovery (SIGPR) From Being Undermined By The Trump Administration
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, Urban Affairs, Sen. Ron Wyden (D-OR), Ranking Member of the U.S. Senate Committee on Finance, and Senate Democratic Leader Charles Schumer (D-NY) today sent a letter to Secretary Mnuchin raising the alarm regarding President Trump’s signing statement for the “Coronavirus Aid, Relief, and Economic Security Act” (the CARES Act). The President’s signing statement indicated that the administration … Continue Reading
March 31, 2020
Menendez, Colleagues Urge Google Subsidiary Verily to Protect User Data, Expand Access to COVID-19 Screening Websites
WASHINGTON, D.C. - U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee that sets national health policy, today led a group of colleagues in sending a follow-up letter requesting more information from Google subsidiary Verily Life Sciences. The Trump Administration announced on March 13, 2020 that it was working with the company to create a coronavirus screening website.The Senator’s inquiry comes a day after Verily announced it was expanding its pilot prog… Continue Reading
March 27, 2020
Brown, Senate Democrats Press Trump Administration on Failure to Help States with Dire Medical Supply Shortages
(Washington, D.C.) - Yesterday, U.S. Senator Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, joinedU.S. Senator Patty Murray (D-WA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, Senator Ron Wyden (D-OR), ranking member of the Senate Finance Committee, Senator Gary Peters (D-MI), ranking member of the Senate Homeland Security and Governmental Affairs Committee, Senator Catherine Cortez Masto… Continue Reading
March 26, 2020
BROWN VOTES FOR CORONAVIRUS STIMULUS BILL TO SEND IMMEDIATE RELIEF TO WORKERS, VOWS TO FIGHT FOR OVERSIGHT & FURTHER PROTECTIONS FOR OHIOANS
WASHINGTON, D.C. - Today, U.S. Sen. Sherrod Brown (D-OH) voted to pass the Coronavirus stimulus bill that would send immediate relief to our health care system and to American workers struggling as a result of the pandemic. Brown has been fighting to put assistance directly in the pockets of workers, expand Unemployment Insurance, provide the resources and personal protective equipment (PPE) our frontline health care workers need, and more. After President Trump and the Senate GOP produce… Continue Reading
