Minority Press Releases

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


December 5, 2016

SHELBY, BROWN BILL TO CRACK DOWN ON MONEY LAUNDERING AND TERRORIST-FINANCING CLEARS SENATE

WASHINGTON, D.C. - Today, U.S. Sens. Richard Shelby (R-AL) and Sherrod Brown (D-OH) - chair and ranking member of the Senate Banking, Housing, and Urban Affairs Committee - announced Senate passage of their bill to improve the U.S.'s ability to prevent, detect, and stop illicit finance by expanding the ability of the Treasury Department to target money laundering. In addition to cracking down on money laundering, the bill would also direct the President to oversee the creation of a comprehensive… Continue Reading


October 11, 2016

Shelby Statement on the CFPB’s Unconstitutional Structure

WASHINGTON D.C. - Tuesday, October 11, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after a U.S. Court of Appeals for the District of Columbia Circuit ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional: "For years I have argued that supporters of Dodd-Frank sacrificed our Constitution in the name of bureaucratic independence. While the cour… Continue Reading


September 20, 2016

Shelby Opening Remarks at Wells Fargo Hearing

WASHINGTON, DC - Tuesday, September 20, 2016 - U.S. Senator Richard Shelby (R-Ala.), 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 "An Examination of Wells Fargo's Unauthorized Accounts and the Regulatory Response." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will learn more about the events and circumstances that led to the enforcement act… Continue Reading


September 13, 2016

Shelby Reacts to Comments by Head of NFIP in Senate Banking Hearing

WASHINGTON D.C. - Tuesday, September 13, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today released the following statement after a full committee hearing that set the stage for reforming the National Flood Insurance Program (NFIP): "For years I have worked to reform the flood insurance program ‎to more accurately reflect the risk to homeowners, which in turn results in actuarially sound flood insurance premiums. Dur… Continue Reading


September 13, 2016

Shelby Opening Statement in Hearing On Setting the Stage For Flood Insurance Reauthorization

WASHINGTON, DC - Tuesday, September 13, 2016 - U.S. Senator Richard Shelby (R-Ala.), 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 National Flood Insurance Program: Reviewing the Recommendations of the Technical Mapping Advisory Council's 2015 Annual Report." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will hear testimony related to the… Continue Reading


July 14, 2016

Shelby Opening Statement at Hearing on Evaluating the Financial Risks of China

WASHINGTON, DC - Thursday, July 14, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing entitled, "Evaluating the Financial Risks of China." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will hear testimony on the Chinese economy and the risks it may pose to the United States. "This hearing comes… Continue Reading


June 23, 2016

Shelby Opening Statement at Hearing on Bank Capital and Liquidity Regulation

WASHINGTON, DC - Thursday, June 23, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing entitled, "Bank Capital and Liquidity Regulation Part II: Industry Perspectives." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will continue the Committee's examination of one of the most critical areas under its jurisdict… Continue Reading


June 21, 2016

Shelby Statement at Hearing on the Fed’s Semiannual Monetary Policy Report

WASHINGTON, DC - Tuesday, June 21, 2016 - U.S. Senator Richard Shelby (R-Ala.), 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 Shelby's remarks, as prepared, is below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen regarding the Fed's semiannual report on monetary policy… Continue Reading


June 14, 2016

Shelby Opening Statement at SEC Oversight Hearing

WASHINGTON, DC - Tuesday, June 14, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing entitled "Oversight of the U.S. Securities and Exchange Commission." The text of Chairman Shelby's remarks, as prepared, is below. "This morning we will receive testimony from Securities and Exchange Commission Chair Mary Jo White. Oversight of the C… Continue Reading


June 7, 2016

Shelby Opening Statement at Hearing on Bank Capital and Liquidity Regulation

WASHINGTON, DC - Tuesday, June 7, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing entitled, "Bank Capital and Liquidity Regulation." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will hear testimony regarding one of the most critical areas of this Committee's jurisdiction: the regulation of the U.S. bankin… Continue Reading


May 25, 2016

Shelby Opening Statement at Hearing on Understanding the Role of Sanctions Under the Iran Deal

WASHINGTON, DC - Wednesday, May 25, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing entitled "Understanding the Role of Sanctions Under the Iran Deal: Administration Perspectives." The text of Chairman Shelby's remarks, as prepared, is below. "Yesterday, the Committee received testimony from a panel of experts on the challenges and … Continue Reading


May 24, 2016

Shelby Remarks at Hearing on Understanding the Role of Sanctions Under the Iran Deal

WASHINGTON, DC - Tuesday, May 24, 2016 - U.S. Senator Richard Shelby (R-Ala.), 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 "Understanding the Role of Sanctions Under the Iran Deal." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will receive testimony on the repercussions of lifting economic sanctions from the world's leading state … Continue Reading


May 19, 2016

Shelby Remarks on the Senate Floor Regarding the Affirmatively Furthering Fair Housing Rule

WASHINGTON D.C. - Thursday, May 19, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today spoke on the Collins-Reed amendment to the Transportation, Housing and Urban Development Appropriations bill. The text of Senator Shelby's remarks, as prepared, is below. "Mr. President, I rise to support the Collins amendment, but not as an alternative to the Lee amendment. "Senators should be aware that the Collins-Reed amendment pro… Continue Reading


May 19, 2016

Shelby Statement on Senator Lee’s Amendment to Prevent Implementation of HUD’s Affirmatively Furthering Fair Housing

WASHINGTON D.C. - Thursday, May 19, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today spoke on the Senate floor in favor of Senator Mike Lee's amendment to the Transportation, Housing and Urban Development Appropriations bill. The text of Senator Shelby's remarks, as prepared, is below. "Mr. President, I rise in support of Senator Lee's amendment to prevent the implementation of HUD's Affirmatively Furthering Fair Housing… Continue Reading


April 18, 2016

Shelby Requests GAO & CBO Reports on FHFA, GSEs

WASHINGTON D.C. - Monday, April 18, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs today sent letters to the Government Accountability Office (GAO) and the Congressional Budget Office (CBO) requesting that the nonpartisan agencies provide reports to Congress on matters relating to the Federal Housing Finance Agency (FHFA) and Fannie Mae and Freddie Mac ("the GSEs"). Chairman Shelby released a statement following his request: "… Continue Reading


April 7, 2016

Shelby Opening Statement on the CFPB’s Semi-Annual Report to Congress

WASHINGTON, DC - Thursday, April 7, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered opening remarks during a full committee hearing on "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress." The text of Chairman Shelby's remarks, as prepared, is below. "On Tuesday, the Committee heard testimony from private-sector experts on consumer finance regulation. We heard a number o… Continue Reading

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