Majority Press Releases
JOHNSON HOLDS EQUITY MARKET STRUCTURE HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "The Role of Regulation in Shaping Equity Market Structure and Electronic Trading." Below is Chairman Johnson's statement as prepared for delivery: "Good morning. Today the Committee will examine equity market structure. It is a complicated topic, and a whole new vocabulary is needed to understand market structure and electronic trading. Words like: dark pool, high-frequency trading, and data f… Continue Reading
June 25, 2014
JOHNSON HOLDS HEARING ON FINANCIAL STABILITY REPORT
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "The Financial Stability Oversight Council Annual Report to Congress." Below is Chairman Johnson's statement as prepared for delivery: "Good morning. I call this hearing to order. "Today we welcome Secretary of the Treasury Jack Lew back to the Committee for his testimony on the 2014 Financial Stability Oversight Council Annual Report to Congress. FSOC has played a critical role in coordina… Continue Reading
June 19, 2014
JOHNSON CONGRATULATES NEWLY CONFIRMED NCUA BOARD MEMBER
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Mr. Mark McWatters to serve as a Member of the National Credit Union Administration (NCUA) Board. "I congratulate Mark on being confirmed by the U.S. Senate. His legal background and experience in the financial services industry will serve him well on the NCUA board, and I look forward to working with him. I would also like to thank outgoing Board Member Michael Fr… Continue Reading
June 19, 2014
JOHNSON CONGRATULATES GUSTAVO VELASQUEZ AGUILAR
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Mr. Gustavo Velasquez Aguilar to be the Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development (HUD). "Mr. Velasquez is a well-qualified nominee to serve at the helm of HUD's Office of Fair Housing and Equal Opportunity, and I congratulate him on being confirmed. His direct experience in leading a fair hou… Continue Reading
June 17, 2014
JOHNSON HOLDS CONFIRMATION HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a confirmation hearing for Mayor Julián Castro, to be Secretary of the Department of Housing and Urban Development, and Ms. Laura Wertheimer, to be Inspector General of the Federal Housing Finance Agency. Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. "Today we consider the nominations of Mayor Julián Castro, to be Secretary of the Department of … Continue Reading
June 12, 2014
JOHNSON CONGRATULATES FISCHER, POWELL AND BRAINARD
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Dr. Stanley Fischer, Vice Chairman of the Federal Reserve; and the Honorable Jerome H. Powell and the Honorable Lael Brainard, Members of the Federal Reserve. "I would like to congratulate Stan Fischer, Jerome Powell, and Lael Brainard on being confirmed. Each of these individuals has a unique set of skills and experience to provide the Board of Governors a diverse… Continue Reading
June 10, 2014
JOHNSON ON CFPB’S SEMI-ANNUAL REPORT TO CONGRESS
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. "Director Cordray, welcome back to the committee. Today, we continue our regular oversight of the CFPB. In the three years since the CFPB opened its doors, it has had a noticeable impact on nearly every aspect of the cons… Continue Reading
June 4, 2014
JOHNSON STATEMENT ON CFTC CONFIRMATIONS
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the below statement on the Senate voting to confirm three U.S. Commodity Futures Trading Commission (CFTC) members: Chairman Timothy Massad, Commissioner J. Christopher Giancarlo and Commissioner Sharon Bowen. "I would like to congratulate Tim Massad, Sharon Bowen and Chris Giancarlo on being confirmed today by the Senate to serve on the Commodity Futures Trading Commission, and I am glad the CFTC once again has a ful… Continue Reading
June 3, 2014
SENATE BANKING COMMITTEE PASSES TRIA REAUTHORIZATION
Washington, DC - Today, the Senate Banking Committee approved S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, by a unanimous vote of 22-0. This bill extends the existing TRIA program for seven years while taking steps to further protect taxpayers. "I am pleased today that the Banking Committee unanimously supported this important bipartisan bill," said Johnson. "This seven year extension of TRIA will continue to help promote economic growth and provide certainty fo… Continue Reading
June 3, 2014
CHAIRMAN JOHNSON STATEMENT AT THE TRIA MARKUP
Washington, DC - Today, Chairman Tim Johnson (D-SD) held a markup on S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014. This bill extends the current TRIA program for seven years while taking steps to further protect taxpayers. Below is Chairman Johnson's Statement as Prepared for Delivery. "I call the Committee to order and move to executive session. "We will now consider S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, offered by Se… Continue Reading
May 15, 2014
SENATE BANKING COMMITTEE PASSES BIPARTISAN HOUSING FINANCE REFORM LEGISLATION
Washington, DC - Today, the Senate Banking Committee approved S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013, by a bipartisan vote of 13-9. The legislation included a bipartisan agreement drafted by Chairman Johnson and Ranking Member Crapo and is designed to stabilize the housing finance market and strengthen the American economy. It will create greater competition in the housing finance system and reduce risk to the taxpayer while ensuring affordable, fair access to al… Continue Reading
May 15, 2014
JOHNSON STATEMENT AT THE HOUSING FINANCE REFORM MARKUP
Washington, DC - Today, Chairman Tim Johnson (D-SD) resumed consideration of S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013. The legislation being marked up included a bipartisan agreement drafted by Chairman Johnson and Ranking Member Crapo and is designed to stabilize the housing finance market and strengthen the American economy. It will create greater competition in the housing finance system and reduce risk to the taxpayer while ensuring affordable, fair access to a… Continue Reading
April 29, 2014
BANKING COMMITTEE CONFIRMS KEY NOMINEES
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Committee's approval of several key nominations. The Committee approved the nominations of Dr. Stanley Fischer, to be a Member and Vice Chairman of the Board of Governors of the Federal Reserve System by voice vote; The Honorable Jerome H. Powell, to be a Member of the Board of Governors of the Federal Reserve System by voice vote; The Honorable Lael Brainard, to be a Member of the Board of … Continue Reading
April 29, 2014
JOHNSON STATEMENT AT THE START OF THE HOUSING FINANCE REFORM MARKUP
Washington, DC - Today, Chairman Tim Johnson (D-SD) kicked off consideration of bipartisan Housing Finance Reform. However, at the request of some of the Members of the Committee for more time Chairman Johnson agreed to recess the markup for a short period while Members continue to work on finding additional common ground. Below is Chairman Chairman Johnson's Statement as Prepared for Delivery. "We will now move to the consideration of S. 1217, the Housing Finance Reform and Taxpayer Pro… Continue Reading
March 28, 2014
JOHNSON, CRAPO ANNOUNCE HOUSING FINANCE REFORM MARKUP
Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) announced the Committee will markup bipartisan housing finance reform on Tuesday, April 29, 2014 at 10:00 A.M. "After canvassing other Members of the Committee, we plan to schedule a markup of our bipartisan housing finance reform proposal on Tuesday, April 29th," said Chairman Johnson. "From the start, Members of the Committee have been extremely engaged on the issue and have de… Continue Reading
March 16, 2014
JOHNSON, CRAPO RELEASE HOUSING FINANCE REFORM TEXT
Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) released the legislative text of the bipartisan housing finance reform agreement that they announced last Tuesday. That announcement sparked enthusiasm from the White House, Senators, Members of Congress and key stakeholders recognizing the agreement as a positive step forward in reforming our housing finance system. Chairman Johnson and Ranking Member Crapo plan to hold a committee … Continue Reading
March 13, 2014
JOHNSON HOLDS CONFIRMATION HEARING FOR FIVE NOMINATIONS
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a confirmation hearing for Dr. Stanley Fischer, to be a Member and Vice Chairman of the Fed Board of Governors; The Honorable Jerome H. Powell and the Honorable Lael Brainard, to be Members of the Fed Board of Governors; Mr. Gustavo Velasquez Aguilar, to be an Assistant Secretary of the Department of Housing and Urban Development; and Mr. J. Mark McWatters, to be a Member of the National Credit Union Administration Boa… Continue Reading
March 11, 2014
JOHNSON, CRAPO ANNOUNCE AGREEMENT ON HOUSING FINANCE REFORM
Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) announced that they have reached an agreement on a housing finance reform proposal. Last fall, the Senate Banking Committee hosted an in-depth series of hearings exploring essential elements necessary for reform and over the past few months they have been negotiating and drafting the reform proposal. The bipartisan agreement includes measures from Committee Members on both sides of t… Continue Reading
February 27, 2014
JOHNSON STATEMENT ON 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: "I call this hearing to order. We welcome Dr. Janet Yellen as Chair to deliver the Federal Reserve's semiannual Monetary Policy Report. Chair Yellen, I would like to congratulate you on your nomination and confirmation. In fact, this month's hearings are historic-the… Continue Reading
February 25, 2014
JOHNSON HOLDS HEARING ON THE STATE OF THE TERRORISM RISK INSURANCE MARKET
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market, Part II." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Today, we hold our second hearing on reauthorizing TRIA and the state of the terrorism risk insurance market. "At our first hearing last Fall, we heard testimony from experts who reminded the Committee of the history … Continue Reading
