Minority Press Releases

July 12, 2018

Crapo Statement at Hearing on Credit Bureaus

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “An Overview of the Credit Bureaus and the Fair Credit Reporting Act.” The text of Chairman Crapo’s remarks, as prepared, is below.  “Today’s hearing is entitled ‘An Overview of the Credit Bureaus and the Fair Credit Reporting Act.’ “Credit bureaus play a valuable role in our financial system by helping financial … Continue Reading


June 28, 2018

Crapo Statement at Corporate Governance Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Legislative Proposals to Examine Corporate Governance.” The text of Chairman Crapo’s remarks, as prepared, is below.  “Today’s hearing will focus on several legislative proposals to improve corporate governance.  “As with Tuesday’s hearing on capital formation proposals, I intend to work with Ranking Member Brown … Continue Reading


June 26, 2018

Crapo, Brown, Duckworth Introduce TRIP Act

WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), along with Senator Tammy Duckworth (D-Illinois), today introduced legislation to enhance rail transit safety. The Transit Rail Inspection Practices Act, or “TRIP” Act, ensures State safety programs are providing sufficient oversight of rail transit systems through inspections. The legislation stems from the Committee’s ongoing oversight wo… Continue Reading


June 26, 2018

Crapo Statement at Hearing on Proposals to Increase Access to Capital

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Legislative Proposals to Increase Access to Capital.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on several legislative proposals that will encourage capital formation and reduce burdens for smaller businesses and communities. “My goal is to work with Senator Brow… Continue Reading


June 14, 2018

Crapo Statement at OCC Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to receive an update from the Comptroller of the Currency. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will hear from Comptroller of the Currency Joseph Otting. “Since being sworn in last November, Comptroller Otting has been focused on right-sizing regulations and furthering the mission of the… Continue Reading


June 1, 2018

Crapo Commends Nomination of Chief Counsel Elad Roisman to SEC

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued the following statement on the White House's intention to nominate Chief Counsel Elad Roisman to serve as a Republican commissioner on the U.S. Securities and Exchange Commission (SEC): “Elad is exceptionally well-qualified for this important position at the SEC, and I congratulate him on this announcement. I value his advice and counsel and am grateful for h… Continue Reading


May 25, 2018

Crapo Statement at Cybersecurity Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Cybersecurity: Risks to the Financial Services Industry and Its Preparedness.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will hear about cybersecurity in the financial sector. “Today’s witnesses come from a wide range of organizations, and can provide us with insight on the threats f… Continue Reading


May 24, 2018

President Signs Crapo Banking Bill Into Law

WASHINGTON - Community banks and credit unions across the country will soon receive regulatory relief from onerous regulations thanks to Idaho Senator Mike Crapo’s Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), which was signed into law today. As Chairman of the Senate Banking Committee, Senator Crapo worked with his colleagues in the Senate, House, and outside groups and stakeholders to craft and usher this bipartisan banking legislation through Congress and to … Continue Reading


May 23, 2018

Crapo Statement at FHFA Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Ten Years of Conservatorship: The Status of the Housing Finance System.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will receive testimony from Federal Housing Finance Agency Director Mel Watt on the status of Fannie Mae, Freddie Mac, and the broader housing finance system. “The Ban… Continue Reading


May 22, 2018

Banking Committee Advances CFIUS Legislation

WASHINGTON - Today, the U.S. Senate Committee on Banking, Housing and Urban Affairs advanced the “the Foreign Investment Risk Review Modernization Act of 2017 (FIRRMA).”  The bill, as amended, was voted out unanimously 25-0 by the Banking Committee. Access the amended bill text here.  “Today’s action represents a very serious, bipartisan effort to address steps by China and other nations to acquire technologies and know-how key to U.S. national security,” said Chairman Crapo. “I thank all … Continue Reading


May 22, 2018

Crapo Statement on House Passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155)

WASHINGTON - Idaho Senator Mike Crapo, Chairman of the Senate Banking Committee, issued the following statement upon House passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155):  “This is a moment years in the making, and I thank my colleagues in the Senate and the House of Representatives for their partnership and contributions to this effort over the years,” said Chairman Crapo. “This step toward right-sizing regulation will allow local banks and credi… Continue Reading


May 22, 2018

Crapo Statement at Markup of the “Foreign Investment Risk Review Act of 2017”

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at an executive session to mark up the Foreign Investment Risk Review Act of 2017, S. 2098. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will mark up and vote on S.2098, the ‘Foreign Investment Risk Review Modernization Act of 2017,’ or simply, ‘FIRRMA,’ together with a Crapo-Brown substitute amendment and i… Continue Reading


May 15, 2018

Crapo Statement at Federal Reserve Nomination Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to consider the nominations of the Honorable Richard Clarida, of Connecticut, to be a member and Vice Chairman of the Board of Governors of the Federal Reserve System, and Commissioner Michelle Bowman, of Kansas, to be a member of the Board of Governors of the Federal Reserve System. The text of Chairman Crapo’s remarks, a… Continue Reading


May 11, 2018

Banking Committee Releases Discussion Draft on CFIUS Reform

WASHINGTON - Today, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) released a discussion draft of the Committee’s amendment to Senators Cornyn and Feinstein’s legislation to reform the Committee on Foreign Investment in the United States (CFIUS), S. 2098, the Foreign Investment Risk Review Modernization Act of 2017 (FIRRMA). “I thank Senator Brown for his partnership on this bipartisan discussion draft t… Continue Reading


April 19, 2018

Crapo Statement at Federal Reserve Oversight Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “The Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.”  The text of Chairman Crapo’s remarks, as prepared, is below.  “Today we will receive testimony from Federal Reserve Vice Chairman of Supervision Randy Quarles regarding the efforts, activities, objectives, and p… Continue Reading


April 18, 2018

Chairman Crapo on the CFPB Auto Lending CRA

WASHINGTON - Idaho Senator Mike Crapo, Chairman of the Senate Banking Committee, delivered remarks on the Senate Floor today, encouraging his colleagues to support S.J. Res. 57, a Congressional Review Act Resolution to disapprove the CFPB's 2013 Auto Bulletin. Senator Crapo's remarks, as prepared, are below. “Mr. President, I rise today to offer my support for Senator Moran’s and Toomey’s resolution using the Congressional Review Act to disapprove the CFPB’s 2013 auto finance guidance. “It is… Continue Reading


April 17, 2018

Crapo Statement at Nominations Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a nomination hearing for nominees to the Federal Transit Administration, the Department of Commerce, and the Department of Housing and Urban Development. The text of Chairman Crapo’s remarks, as prepared, is below. “This morning, we will consider the nominations of three more individuals to serve in key leadership posts within the … Continue Reading


April 12, 2018

Crapo Statement at CFPB Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at the Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.  The text of Chairman Crapo’s remarks, as prepared, is below.  “Today, we will hear from CFPB Acting Director Mick Mulvaney on the most recent Semi-Annual Report of the Consumer Financial Protection Bureau, and the Bureau’s activities since his appointment i… Continue Reading


March 22, 2018

Crapo Statement at HUD Oversight Hearing

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks during a full committee hearing with Housing and Urban Development Secretary Ben Carson. The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will receive testimony from Dr. Ben Carson, the 17th Secretary of Housing and Urban Development. Welcome back, Mr. Secretary. "Over the past year, Secretary Carson has … Continue Reading


March 15, 2018

Relief for Main Street

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