Majority Press Releases
CHAIRMAN JOHNSON LAUDS SENATE CONFIRMATION OF MARY JO WHITE
Senate Committee on Banking, Housing, and Urban Affairs For Immediate Release Contact: Sean Oblack/Sam Gilford, 202-224-7391 Chairman Johnson Lauds Senate Confirmation of Mary Jo White WASHINGTON - Senate Banking Committee Chairman Tim Johnson released the following statement after the Senate confirmed Mary Jo White to be a commissioner of the Securities and Exchange Commission. Ms. White was approved by the Senate by unanimous consent, and President Obama has said he will name her C… Continue Reading
March 28, 2013
JOHNSON HIGHLIGHTS PUBLIC TRANSIT IN SOUTH DAKOTA FIELD HEARING
Senate Committee on Banking, Housing, and Urban Affairs For Immediate Release Thursday, March, 28, 2013 Contact: Sean Oblack/Sam Gilford, 202-224-7391 Senator Johnson Highlights Importance of Public Transportation and Federal Transportation Investment at Field Hearing in South Dakota Sioux Falls, SD - Today, Senator Tim Johnson, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, held a field hearing in Sioux Falls to discuss the importance of public transportation… Continue Reading
March 19, 2013
JOHNSON STATEMENT ON HOUSING FINANCE REFORM HEARING
WASHINGTON - Today, Senate Banking, Housing and Urban Affairs Committee Chairman Tim Johnson (D-SD) held a hearing titled "Bipartisan Solutions for Housing Finance Reform?" The hearing was an opportunity for the Committee to hear from housing finance experts to explore potential areas of bipartisan agreement. Below is Chairman Johnson's statement as prepared for delivery: "Last Congress, the Banking Committee held 18 hearings regarding housing finance reform and suggestions for improving… Continue Reading
March 12, 2013
JOHNSON STATEMENT ON CONFIRMATION HEARING FOR RICHARD CORDRAY & MARY JO WHITE
Johnson Statement on Confirmation Hearing for Richard Cordray and Mary Jo White WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the nominations of Richard Cordray, to be Director of the Consumer Financial Protection Bureau, and Mary Jo White, to be a member of the Securities and Exchange Commission. A vote on the nominees will be scheduled for a later date. Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing … Continue Reading
March 7, 2013
JOHNSON STATEMENT ON ANTI-MONEY LAUNDERING HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement." The hearing continued the Committee's oversight of the administration of the Bank Secrecy Act and its anti-money laundering rules ("BSA/AML"). Illicit flows of money through the financial system have been linked to international drug trafficking organizations, terrorist groups, and sanctioned nations such as Iran and Nort… Continue Reading
February 28, 2013
JOHNSON STATEMENT ON CONFIRMATION OF JACK LEW TO BE TREASURY SECRETARY
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) issued the following statement after the Senate confirmed Jack Lew to be Treasury Secretary. "I congratulate Jack on his confirmation and I have no doubt that we will work well together during this critical time for our nation's economy," said Chairman Johnson. "Jack is a dedicated public servant who is well-qualified and has the right temperament to succeed as Treasury Secretary. I look forward to Secretary Lew coming before… Continue Reading
February 26, 2013
JOHNSON STATEMENT ON SEMIANNUAL MONETARY POLICY REPORT
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Federal Reserve Bank's Semiannual Monetary Report to the Congress. The Committee heard from Federal Reserve Chairman Ben Bernanke. Below is Chairman Johnson's statement as prepared for delivery: "The Committee will come to order. "Today's hearing is with Chairman Bernanke on the Federal Reserve's Monetary Policy Report to Congress. While progress toward maximum employment has been slow, it… Continue Reading
February 14, 2013
DEMOCRATS STAND WITH PRESIDENT OBAMA ON CORDRAY NOMINATION
Democrats Stand with President Obama on Cordray Nomination WASHINGTON, DC - Today, Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Tim Johnson (D-SD) spearheaded a letter to President Obama, signed by 54 Senate Democrats and Independents, commending him for his support for the Consumer Financial Protection Bureau (CFPB) and for renominating Richard Cordray to be Director. The letter informs the President that a majority in the Senate supports the nomination of Richar… Continue Reading
February 14, 2013
JOHNSON STATEMENT ON WALL STREET REFORM OVERSIGHT HEARING
Johnson Statement on Wall Street Reform Oversight Hearing WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Wall Street Reform: Oversight of Financial Stability and Consumer and Investor Protections." The Committee heard from representatives of the nation's financial regulators and the Department of Treasury, and discussed the state of Wall Street Reform implementation. Below is Chairman Johnson's statement as prepared for delivery: "The… Continue Reading
February 13, 2013
JOHNSON AND CRAPO URGE REGULATORS TO ADDRESS CONCERNS ON BASEL III
Johnson and Crapo Urge Regulators to Address Concerns on Basel III WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) sent a letter to the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, regarding recent proposals to strengthen capital standards and implement the Basel III framework. The letter urged the regulators to carefully consider the impact of the proposals on community b… Continue Reading
February 12, 2013
CHAIRMAN JOHNSON UNVEILS BANKING COMMITTEE AGENDA FOR THE 113TH CONGRESS
Chairman Johnson Unveils Banking Committee Agenda for the 113th Congress WASHINGTON, DC - Today, Senate Banking, Housing and Urban Affairs Committee Chairman Tim Johnson (D-SD) released his Committee agenda for the 113th Congress. Chairman Johnson's focus will be on strengthening and sustaining the nation's economic recovery, with top priorities including: continued oversight of Wall Street Reform implementation, building bipartisan consensus on the future of housing finance, reauthorizing e… Continue Reading
February 11, 2013
CHAIRMAN JOHNSON AND RANKING MEMBER CRAPO ANNOUNCE BANKING SUBCOMMITTEE ASSIGNMENTS
Chairman Johnson and Ranking Member Crapo Announce Banking Subcommittee Assignments WASHINGTON - Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) announced the panel's subcommittee assignments for the 113th Congress today. "I am looking forward to working with Ranking Member Crapo and all the members of the Banking Committee, to continue the Committee's tradition of bipartisanship and build on our productive record i… Continue Reading
February 7, 2013
JOHNSON WELCOMES BANKING SUBCOMMITTEE CHAIRS FOR 113TH CONGRESS
Johnson Welcomes Banking Subcommittee Chairs for 113th Congress WASHINGTON, DC - Today, Senate Banking, Housing and Urban Affairs Committee Chairman Tim Johnson (D-SD) announced the following chairmanships for the Committee's subcommittees in the 113th Congress: Senator Robert Menendez (D-NJ) - Housing, Transportation, and Community Development Senator Sherrod Brown (D-OH) - Financial Institutions and Consumer Protection Senator Jon Tester (D-MT) - Securities, Insurance,… Continue Reading
January 29, 2013
JOHNSON CALLS FOR CONFIRMATION OF JACK LEW TO BE TREASURY SECRETARY
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) issued the following statement after meeting with Treasury Secretary nominee Jack Lew. "This afternoon I had the opportunity to meet with Treasury Secretary nominee Jack Lew," said Chairman Johnson. "We had a very good conversation and I have no doubt he will be an outstanding Treasury Secretary. He shares my commitment to sustaining and strengthening the economic recovery and providing certainty through implementation of Wa… Continue Reading
January 24, 2013
JOHNSON WELCOMES PRESIDENT OBAMA'S NOMINATIONS FOR TOP SPOTS AT THE CFPB AND SEC
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) issued a statement following President Obama's announcement that he will re-nominate Richard Cordray to be the Director of the Consumer Financial Protection Bureau (CFPB) and nominate Mary Jo White to be Chairman of the Securities and Exchange Commission (SEC). "Through numerous hearings, meetings and a trip to South Dakota, I have come to know Director Cordray, and I have a tremendous amount of respect and admiration for the … Continue Reading
December 11, 2012
JOHNSON TAKES TO FLOOR TO SUPPORT TAG EXTENSION
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) spoke on the Senate floor today to urge his colleagues to support passage of S. 3637, a temporary extension of the Transaction Account Guarantee (TAG) Program. Below are Chairman Johnson's remarks as prepared for delivery: "Mr. President, I want to express my support for S. 3637, a temporary extension of the Transaction Account Guarantee or TAG program. "The TAG program, which is administered by the FDIC for insured de… Continue Reading
December 11, 2012
JOHNSON STATEMENT ON RENTAL HOUSING ASSISTANCE HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Department of Housing and Urban Development's rental housing assistance programs. The Committee heard from HUD Assistant Secretary for Public and Indian Housing Sandra B. Henriquez. Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. "I would like to welcome the Honorable Sandra Henriquez once again to the Committee for a hearing entitled 'Proposa… Continue Reading
November 14, 2012
JOHNSON STATEMENT ON BASEL III OVERSIGHT HEARING
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held an oversight hearing to discuss the proposed Basel III international banking rules. The Committee heard from representatives of the Federal Reserve, OCC, and FDIC. Below is Chairman Johnson's statement as prepared for delivery: "After the financial crisis, Congress passed Wall Street Reform into law, and asked our regulators to strengthen the financial sector by enhancing capital standards and prudential super… Continue Reading
August 1, 2012
JOHNSON HAILS PASSAGE OF TOUGH NEW IRAN SANCTIONS LEGISLATION
WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) praised Senate passage of the Iran Threat Reduction and Syria Human Rights Act. The bipartisan, bicameral bill he coauthored will increase the economic pressure on Iran's leaders to abandon their illicit nuclear weapons activities and support for international terrorism. The Senate passed the measure by unanimous consent tonight and earlier this evening the House passed the bill by a vote of 421-6. It will now be sent to President… Continue Reading
July 30, 2012
Johnson Announces Senate-House Agreement on Iran Sanctions Bill
WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) announced a bicameral, bipartisan agreement on tough new sanctions legislation to increase the economic pressure on Iran's leaders to abandon their illicit nuclear weapons activities and support for international terrorism. Chairman Johnson will work to help pass the bill in the Senate before Congress adjourns this week. "A nuclear-armed Iran would represent a grave threat to regional peace and international security," … Continue Reading
