Majority Press Releases
Brown Announces Subcommittee Leadership For Senate Committee On Banking, Housing, and Urban Affairs
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown - Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs - today announced the Committee's subcommittee leadership assignments for the 114th Congress. The subcommittee leadership assignments are as follows: Housing, Transportation, and Community Development Chair: Senator Tim Scott (R-SC) Ranking Member: Senator Robert Menendez (D-NJ) Financial Institutions and Consumer Protections Chair: Senator Patrick J. Toomey… Continue Reading
December 18, 2014
JOHNSON URGES DEPT OF EDUCATION, TREASURY, AND CFPB COORDINATION TO ADDRESS ISSUES IN THE STUDENT LOAN MARKET
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) sent letters on Wednesday to U.S. Department of Education Secretary Arne Duncan, U.S. Department of the Treasury Secretary Jack Lew, and Consumer Financial Protection Bureau (CFPB) Director Richard Cordray calling for coordinated action between the agencies to address issues in the student loan market, including student loan servicing and debt collection. "While college still represents one of the surest paths to the middle cl… Continue Reading
December 12, 2014
JOHNSON CONGRATULATES BROWN
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement congratulating Senator Sherrod Brown (D-OH) on being named Ranking Member for the Banking Committee next Congress. "Sen. Brown has been a hardworking, fair-minded, and active member of the Banking Committee who possesses a keen understanding of the Committee's issues. I've enjoyed working with him over the years and I know he'll do a great job as Ranking Member. As a lifelong Dodgers fan, … Continue Reading
December 11, 2014
JOHNSON STATEMENT ON FHFA ANNOUNCEMENT TO FUND HOUSING TRUST FUND AND CAPITAL MAGNET FUND
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement regarding today's announcement by the Federal Housing Finance Agency to direct Fannie Mae and Freddie Mac to allocate funding for the Housing Trust Fund and the Capital Magnet Fund. "Today's announcement by the Federal Housing Finance Agency to fund the Housing Trust Fund and the Capital Magnet Fund is good news for millions of Americans seeking affordable and permanent housing. These Fund… Continue Reading
December 10, 2014
JOHNSON HOLDS HEARING ON CYBERSECURITY
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Cybersecurity: Enhancing Coordination to Protect the Financial Sector." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. "For my last hearing as Banking Committee Chairman, I am focusing on an issue that will require action in the next Congress and beyond. "Responsible management of cyber risks by financial institutions is important for … Continue Reading
December 2, 2014
JOHNSON CONGRATULATES NANI COLORETTI ON SENATE CONFIRMATION
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Ms. Nani Coloretti to be Deputy Secretary at the U.S. Department of Housing and Urban Development (HUD). "I congratulate Nani Coloretti on being confirmed by the U.S. Senate to serve as HUD Deputy Secretary. In her new role, Coloretti will help oversee critical HUD programs that provide affordable rental housing, community and economic development opportunities, an… Continue Reading
November 24, 2014
JOHNSON STATEMENT ON IRAN NEGOTIATIONS EXTENSION
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on today's announcement by Secretary of State John Kerry in Vienna that the P5+1 and Iran have agreed to extend the Iran nuclear negotiations. This extension will maintain the current freeze of Iran's nuclear program in return for limited sanctions relief as negotiations toward a final agreement continue. "I support this interim agreement to continue to freeze Iran's nuclear program in return f… Continue Reading
November 19, 2014
BANKING COMMITTEE APPROVES TWO NOMINEES
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Committee's approval of two nominations. The Committee approved the nominations of Ms. Lourdes Maria Castro Ramirez, of California, to be an Assistant Secretary of Housing and Urban Development by voice vote; and Ms. Therese W. McMillan, of California, to be the Federal Transit Administrator at the U.S. Department of Transportation by voice vote. "Ms. Ramirez has the understanding and e… Continue Reading
November 19, 2014
JOHNSON HOLDS FHFA OVERSIGHT HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a Federal Housing Finance Agency (FHFA) hearing titled "The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Welcome back to the Committee, Director Watt. Since this is likely my last hearing regarding the GSEs, I would like to urge my colleagues to continue our … Continue Reading
November 13, 2014
JOHNSON HOLDS CONFIRMATION HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a confirmation hearing to consider the nominations of Ms. Lourdes Maria Castro Ramirez, of California, to be an Assistant Secretary of Housing and Urban Development; and Ms. Therese W. McMillan, of California, to be Federal Transit Administrator, U.S. Department of Transportation. Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Today we consider the nominations of … Continue Reading
November 3, 2014
Johnson, Crapo Seek Information on SEC Electronic Filing Disparities
Senate Committee on Banking, Housing, and Urban Affairs For Immediate Release Monday, November 3, 2014 Contact: Chris Kelly (Johnson) 202-224-7391 Mandi Critchfield (Crapo) 202-224-1576 Johnson, Crapo Seek Information on SEC Electronic Filing Disparities WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) sent a letter to U.S. Securities and Exchange Commission (SEC) Chair Mary Jo White to express concern over reports that co… Continue Reading
October 21, 2014
Johnson, Crapo Seek Information on Cybersecurity
Senate Committee on Banking, Housing, and Urban Affairs For Immediate Release Tuesday, October 21, 2014 Contact: Chris Kelly (Johnson) 202-224-7391 Mandi Critchfield (Crapo) 202-224-1576 Johnson, Crapo Seek Information on Cybersecurity Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) sent a letter to federal financial regulators and the Treasury Department highlighting the threat cyberattacks pose to our financial sy… Continue Reading
September 18, 2014
JOHNSON HOLDS HEARING ON CONSUMER PROTECTIONS
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Assessing and Enhancing Protections in Consumer Financial Services." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Six years ago this week, the collapse of Lehman Brothers sparked a financial panic more severe than most of us have seen in our lifetimes. The crisis exposed many failures in the financial system, including a failure to adequately p… Continue Reading
September 16, 2014
JOHNSON HOLDS HEARING ON SMALL DEPOSITORY INSTITUTIONS
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Examining the State of Small Depository Institutions." Below is Chairman Johnson's statement as prepared for delivery: "Good Morning. I call this hearing to order. "Today, we have two thoughtful panels that will help us explore the current state of our nation's small depository institutions. "For many years, it has been a priority of mine to support efforts that tailor supervision and … Continue Reading
September 9, 2014
JOHNSON HOLDS WALL STREET REFORM HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Wall Street Reform: Assessing and Enhancing the Financial Regulatory System." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Today I welcome back the financial regulators for another one of our many Wall Street Reform oversight hearings in this Committee since the enactment of the law. You all have been busy over August as you continued to make p… Continue Reading
September 8, 2014
CBO SCORES BIPARTISAN HOUSING FINANCE REFORM LEGISLATION
Washington, DC - Last week, the Congressional Budget Office (CBO) released a score for S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013, which estimates a cost savings to the government of $60 billion over a ten-year period. This legislation, drafted by Chairman Johnson and Ranking Member Crapo to stabilize the housing finance market and strengthen the economy, passed the Senate Banking Committee in May. "After the housing crisis we experienced, it is clear that our ho… Continue Reading
July 31, 2014
JOHNSON ON INTRODUCTION OF EX-IM REATHORIZATION
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) today released the following statement on the introduction of the Export-Import Bank Reauthorization. Yesterday evening, Chairman Johnson along with Senators Joe Manchin (D-WV), Mark Kirk (R-IL), Roy Blunt (R-MO), Joe Donnelly (D-IN), Mark Warner (D-VA), Maria Cantwell (D-WA), and Tim Kaine (D-VA) introduced a 5-year reauthorization of the Bank. "As Chairman of the Banking Committee, I am proud to have come together with a bip… Continue Reading
July 31, 2014
JOHNSON HOLDS HEARING ON FINANCIAL PRODUCTS FOR STUDENTS
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Financial Products for Students: Issues and Challenges." Below is Chairman Johnson's statement as prepared for delivery: "Good morning. I call this hearing to order. "Financial institutions play a role in higher education in many ways, from private student loans to student loan servicing, debt collection, and campus banking. Student loan debt is currently $1.2 trillion and continues to be … Continue Reading
July 17, 2014
BANKING COMMITTEE LEADERS LAUD SENATE TRIA PASSAGE
Washington, DC - Today, the United States Senate approved S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014 (TRIA), by a strong bipartisan vote of 93-4. This bill extends the existing TRIA program for seven years while taking steps to further protect taxpayers. "I am pleased that my colleagues on both sides of the aisle in the Senate came together today to pass this critical, bipartisan reauthorization, which passed out of the Banking Committee unanimously," said Sena… Continue Reading
July 15, 2014
JOHNSON STATEMENT AT MONETARY POLICY HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Federal Reserve's Semiannual Monetary Policy Report to Congress. Below is Chairman Johnson's statement as prepared for delivery: "This morning we welcome Chair Yellen back to the Committee for testimony on the Federal Reserve's Semiannual Monetary Policy Report to the Congress. Since Chair Yellen was last before the Committee, Stanley Fischer, Lael Brainard and Jerome Powell were confirmed by t… Continue Reading
