Minority Press Releases

June 8, 2017

Crapo Statement at Economic Growth Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks at a hearing entitled: "Fostering Economic Growth: The Role of Financial Institutions in Local Communities." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will receive testimony on the role financial institutions play in fostering economic growth in local communities. "Community financial instituti… Continue Reading


June 6, 2017

Crapo Statement at Nominations Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a full committee hearing on the nominations of Mr. Kevin Allen Hassett, of Massachusetts, to be Chairman of the Council of Economic Advisers, and the Honorable Pamela Hughes Patenaude, of New Hampshire, to be Deputy Secretary of Housing and Urban Development. The text of Chairman Crapo's remarks, as prepared, is below… Continue Reading


June 1, 2017

Crapo, Brown Plan to Strengthen Russia Sanctions

WASHINGTON, D.C. - Today, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) announced a bipartisan agreement on legislation to strengthen and expand current U.S. sanctions on Russia. The Banking Committee has held hearings to assess the effects of U.S. sanctions imposed three years ago against the Russian Federation for its invasion and illegal annexation of Crimea. The hearings also assessed the prospects for imp… Continue Reading


May 18, 2017

Crapo Statement at Domestic and International Policy Update

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a hearing entitled, "Domestic and International Policy Update" with U.S. Treasury Secretary Steven Mnuchin. The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will receive testimony from the Secretary of the United States Department of Treasury on domestic and international policy issues. "Thank… Continue Reading


May 16, 2017

Crapo Statement at Nominations Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a full committee hearing on the nominations of Sigal Mandelker, of New York, to be Under Secretary of Treasury for Terrorism and Financial Crimes; Marshall Billingslea, of Virginia, to be Assistant Secretary of the Treasury for Terrorist Financing; Heath P. Tarbert, of Maryland, to be Assistant Secretary of the Treasury… Continue Reading


May 11, 2017

Crapo Statement at Housing Finance Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing entitled: "The Status of the Housing Finance System After 9 Years of Conservatorship." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will receive testimony from Federal Housing Finance Agency (FHFA) Director Mel Watt on the status of the housing finance system… Continue Reading


May 4, 2017

Crapo Statement at Hearing on National Flood Insurance Program, Part II

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing entitled: "Reauthorization of the National Flood Insurance Program, Part II." The text of Chairman Crapo's remarks, as prepared, is below. "During our last flood insurance hearing, Mr. Wright outlined FEMA's four core principles for reauthorization, including: "An on-time, multi-year … Continue Reading


May 2, 2017

Crapo Statement at Hearing on U.S.-E.U. Covered Agreement

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing entitled: "Examining the U.S. - E.U. Covered Agreement." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we are joined by a panel of witnesses who will provide the Committee with a comprehensive discussion on the U.S. - E.U. covered agreement. "These witnesses rep… Continue Reading


April 27, 2017

Chairman Crapo Statement at Hearing on Russia Sanctions

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing entitled: "Countering Russia: Further Assessing Options for Sanctions." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, the Committee will receive testimony on the smart use of sanctions to counter Kremlin military incursions in Ukraine, Syria, and its incre… Continue Reading


March 28, 2017

Crapo Statement at Economic Growth Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing on "Fostering Economic Growth: The Role of Financial Companies." The text of Chairman Crapo's remarks, as prepared, is below. "A strong and vibrant economy is important for American consumers, businesses, and the stability of the financial sector. "Financial companies of all sizes and… Continue Reading


March 23, 2017

Crapo Remarks at Nomination Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing on the nomination of Jay Clayton to be a member of the Securities and Exchange Commission. The text of Chairman Crapo's remarks, as prepared, is below. "This hearing will come to order. "This morning, we will hear testimony on the nomination of Jay Clayton to be the Chairman of the Un… Continue Reading


March 20, 2017

Crapo, Brown Request Proposals to Foster Economic Growth

WASHINGTON - Today, United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) announced a process for soliciting legislative proposals to increase economic growth. "Ranking Member Brown and I have designed an orderly process for consideration of proposals that will help consumers, market participants, and financial companies responsibly participate in the economy in a more effective and efficient manner," said Ch… Continue Reading


March 15, 2017

Crapo Opening Remarks at Hearing on Russia Sanctions

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing on "Assessing U.S. Sanctions on Russia: Next Steps." The text of Chairman Crapo's remarks, as prepared, is below. "This hearing will come to order. "Today, we will examine the existing Russian sanctions architecture in terms of its effectiveness and economic impact and assess what cor… Continue Reading


March 14, 2017

Crapo Statement at Hearing on National Flood Insurance Program

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing on "Reauthorization of the National Flood Insurance Program, Part I." The text of Chairman Crapo's remarks, as prepared, is below. "This hearing will come to order. "We are joined by Roy Wright, Deputy Associate Administrator of Insurance and Mitigation at the Federal Emergency Mana… Continue Reading


March 9, 2017

Senate Banking Committee Advances Securities Bills

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, issued the following statement on the passage of several bipartisan securities bills out of committee: "Today, the Banking Committee advanced a number of securities bills that will improve economic growth and investor protections," said Chairman Crapo. "These bills were introduced with bipartisan support in previous Congresses, and we continued that course today b… Continue Reading


February 14, 2017

Crapo Statement at Hearing on the Fed's Semiannual Monetary Policy Report

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening remarks during a full committee hearing on "The Semiannual Monetary Policy Report to the Congress." The text of Chairman Crapo's remarks, as prepared, is below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen regarding the Fed's semiannual report to Congress on monetary policy and the state of the ec… Continue Reading


February 3, 2017

Chairman Crapo Statement on Administration Financial Reforms

WASHINGTON - Senate Banking Committee Chairman Mike Crapo (R-Idaho) issued the following statement regarding reforms to the U.S. financial system announced by the Trump Administration today: "I fully support the core principles for regulating the United States financial system that were outlined in the President's executive order today. Directing the Secretary of Treasury to consult with the heads of the member agencies of the Financial Stability Oversight Council and reporting to the Presid… Continue Reading


January 24, 2017

Banking Committee Approves HUD Nominee

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, released the following statement on the Committee's approval of Dr. Benjamin Carson, of Michigan, to be Secretary of the U.S. Department of Housing and Urban Development (HUD). "Dr. Carson has achieved a great deal of success during his impressive and accomplished career, and I was encouraged by his recent testimony before the Committee. He is committed to carr… Continue Reading


January 17, 2017

Chairman Crapo and Ranking Member Brown Announce Banking Subcommittee Assignments for 115th Congress

WASHINGTON - Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) announced the panel's subcommittee assignments for the 115th Congress today. "The Banking Committee has a strong history of bipartisanship, and I intend to continue that tradition in the 115th Congress," said Chairman Crapo. "I am confident in the leadership of our subcommittee chairs and look forward to working with them as we address the critical issue… Continue Reading


January 12, 2017

Crapo Statement at Nomination Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following opening statement during a full committee hearing on the nomination of Secretary-Designate Dr. Benjamin Carson, of Michigan, to be Secretary of the U.S. Department of Housing and Urban Development (HUD). The text of Chairman Crapo's remarks, as prepared, is below. "First this morning, I would like to welcome the new members to t… Continue Reading

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