Majority Press Releases
Brown Opening Statement at Banking Committee Hearing on CFIUS
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 opening statement at today's hearing on "CFIUS Reform: Examining the Essential Elements." Sen. Brown's remarks, as prepared for delivery, follow: Thank you, Chairman Crapo. And thanks to our witnesses for joining us today to share their insights on this important topic. I commend Senators Cornyn and Feinstein for their work on th… Continue Reading
January 16, 2018
Brown Opening Statement at Banking Committee Hearing on HUD Nominations
Opening Statement of Ranking Member Sherrod Brown Executive Session of the Committee on Banking, Housing, and Urban Affairs HUD Nominations The Committee will vote today on three of President Trump's nominees to serve in the U.S. Department of Housing and Urban Development. I want to congratulate each of the nominees once again, and thank them for their willingness to serve our country. If confirmed, the nominees before us today would: oversee rental assistance for over 4.5 mill… Continue Reading
January 16, 2018
Brown Stands Up for Working Families During Consideration of Bill to Roll Back Wall Street Reform Law
BROWN stands up for working families during Consideration of bill to roll back WALL STREET REFROM LAW Ranking Member Voted for over 30 Amendments to Improve S.2155 for Taxpayers, Homeowners, Consumers in Banking Committee Markup WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - supported over 30 amendments today during the Committee's consideration of S. 2155, the "Economic Growth, Regulatory Relief and C… Continue Reading
January 9, 2018
Brown Opening Statement At Banking Committee Hearing On Opportunities To Reform And Strengthen BSA Enforcement
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 opening statement at today's hearing on "Combating Money Laundering and Other Illicit Finance: Opportunities to Reform and Strengthen BSA Enforcement." Sen. Brown's remarks, as prepared for delivery, follow: Thank you, Mr. Chairman, for this important hearing, the first of two this month in which the Committee will look at ideas f… Continue Reading
December 19, 2017
Brown Opening Statement at Banking Committee Executive Session On Export-Import Bank Nominations
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 opening statement at today's executive session on the nominations to the Export-Import Bank of the United States. Sen. Brown's remarks, as prepared for delivery, follow Mr. Chairman, thank you for scheduling today's votes. To put it plainly, we have lost American jobs because of the games that have been played with the Export-Import Ba… Continue Reading
December 12, 2017
Brown Leads Amicus Brief Supporting CFPB Independence Under Dodd-Frank Law
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), ranking member of the Senate Banking, Housing, and Urban Affairs Committee, along with 36 current and former Members of Congress including Sen. Chris Dodd and Rep. Barney Frank, filed an amicus brief in support of the Consumer Financial Protection Bureau (CFPB) Deputy Director Leandra English's motion to obtain a preliminary injunction in order to be reinstated as acting Director of the CFPB. "The Dodd-Frank law is clear that Deputy Director En… Continue Reading
December 12, 2017
Waters, Brown and Green Statement on GAO Report on Management Representation of Minorities and Women and Diversity Practices in the Financial Services Industry
Waters, Brown and Green Statement on GAO Report on Management Representation of Minorities and Women and Diversity Practices in the Financial Services Industry WASHINGTON, D.C. - Today, following the public release of a Government Accountability Office (GAO) report entitled "Financial Services Industry: Trends in Management Representation of Minorities and Women and Diversity Practices, 2007-2015," Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, … Continue Reading
December 5, 2017
BROWN OPENING STATEMENT AT BANKING COMMITTEE MARKUP OF S.2155
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 opening statement at today's executive session on S.2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act." Brown's remarks, as prepared for delivery, follow Thank you, Mr. Chairman. Mr. Chairman, I was hopeful we could have reached an agreement on a bill to provide meaningful relief to consumers, small banks … Continue Reading
December 5, 2017
Brown Opening Statement at Banking Committee Executive Session On Federal Reserve Nomination
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 opening statement at today's executive session on the nomination of Jerome H. Powell to be Chair of the Federal Reserve. Brown's remarks, as prepared for delivery, follow Thank you, Mr. Chairman. I congratulate Governor Powell once again on his nomination, and I look forward to having the same good relationship I had with both Chair Be… Continue Reading
December 4, 2017
Brown Floor Speech Opposing Dodd Frank Roll Back 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 - delivered the following speech on the Senate floor tonight in opposition to S.2155, The Economic Growth, Regulatory Relief and Consumer Protection Act. The Banking Committee is scheduled to consider the bill tomorrow. Brown's remarks, as prepared for delivery, follow. Mr./Madame President, Last week, the Senate gave tax handouts to millionaires and multinati… Continue Reading
November 28, 2017
Brown Opening Statement at Banking Committee Hearing on Federal Reserve Nomination
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 opening statement at today's hearing on the nomination of Jerome H. Powell to be Chair of the Federal Reserve. Brown's remarks, as prepared for delivery, follow Thank you, Mr. Chairman. I want to start off by thanking Chair Yellen. She has done an excellent job leading the Federal Reserve. During her tenure as Chair and Vice Chair… Continue Reading
November 13, 2017
Brown Opposes Legislation to Roll Back Dodd-Frank Protections
BROWN OPPOSES LEGISLATION TO ROLL BACK DODD-FRANK PROTECTIONS Banking Committee members move to give big banks an even bigger payday, while working families are left empty handed 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 opposing legislation that would roll back Dodd-Frank, less than a decade after the financial crises. "I understand my colleagues' interest … Continue Reading
November 1, 2017
Brown Opening Statement at Banking Committee Hearing on Nominations to the Export-Import Bank
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 opening statement at today's hearing on the nominations to the Export-Import Bank of the United States. Brown's remarks, as prepared for delivery, follow. Mr. Chairman, today we will hear from the six nominees whom President Trump has put forward to lead the Export-Import Bank. I applaud the President for recognizing the need to have … Continue Reading
October 24, 2017
Brown Opening Statement at Banking Committee Hearing On Nominations to The SEC and The U.S. Mint
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 opening statement at today's full committee hearing on the nominations to the U.S. Securities and Exchange Commission and the U.S. Mint. Brown's remarks, as prepared for delivery, follow. Thank you, Chairman Crapo, for holding today's nomination hearing. Welcome to today's nominees. Congratulations to the three of you. Mr. David J. … Continue Reading
October 17, 2017
Brown Opening Statement at Banking Committee Hearing on Consumer Data Security and the Credit Bureaus
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 opening statement at today's hearing entitled, "Consumer Data Security and the Credit Bureaus." Brown's remarks, as prepared for delivery, follow. Thank you, Mr. Chairman. Under current law, whether we like it or not, companies like Equifax can collect vast troves of personal information. That includes information plucked from our … Continue Reading
October 4, 2017
Brown Opening Statement at Banking Committee Hearing on Equifax
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 opening statement at today's hearing entitled, "An Examination of the Equifax Cybersecurity Breach." Brown's remarks, as prepared for delivery, follow. The story of this data breach is a familiar one. A big financial institution screws up. Executives walk away with millions of dollars. Tens of millions of Americans end up holding the… Continue Reading
October 3, 2017
Brown Opening Statement at Banking Committee Hearing on Wells Fargo
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 opening statement at today's hearing entitled, "Wells Fargo: One Year Later." Brown's remarks, as prepared for delivery, follow. Thank you Chairman Crapo for holding this hearing. A year ago, then-Wells Fargo CEO John Stumpf sat in this hearing room attempting to explain the inexplicable. The bank's punitive sales goals had pressured… Continue Reading
September 28, 2017
Brown Opening Statement at Banking Committee Hearing on North Korea Sanctions
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 opening statement at today's hearing entitled, "Evaluating Sanctions Enforcement and Policy Options on North Korea: Administration Perspectives." The text of Brown's remarks, as prepared and submitted to the record, is below. Thank you, Mr. Chairman, for following up with this timely hearing on an issue so important to our nation… Continue Reading
September 26, 2017
Brown Opening Statement at Banking Committee Hearing on Oversight of The SEC
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 opening statement at today's hearing entitled, "Oversight of the U.S. Securities and Exchange Commission." Brown's remarks, as prepared for delivery, follow. Thank you Chairman Crapo, and welcome to Chair Clayton. Last week, as just about every adult in America was trying to comprehend the risks they or someone in their family face … Continue Reading
September 14, 2017
Brown Opening Statement at Banking Committee Hearing on The Committee on Foreign Investment (CFIUS)
BROWN OPENING STATEMENT AT BANKING COMMITTEE HEARING on THE Committee on foreign investment (CFIUS) 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 opening statement at today's hearing entitled, "Examining the Committee on Foreign Investment for the United States." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown U.S. Senate Committee on Banking, Housi… Continue Reading