Minority Press Releases

March 16, 2016

Shelby Delivers Speech at American Bankers Association Summit

WASHINGTON, DC - Wednesday, March 16, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, delivered the following remarks at the American Bankers Association Summit this morning: "It is a pleasure to be with you this morning and to have the opportunity to discuss the impact of our current regulatory framework on the future of banking in the U.S. As Chairman of the Senate Banking Committee, I have made the oversight… Continue Reading


March 15, 2016

Shelby Opening Remarks at Hearing on U.S. Mint, SEC Nominations

WASHINGTON, DC - Tuesday, March 15, 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 the nomination of Mr. Matthew Rhett Jeppson, of Florida, to be Director of the United States Mint; Ms. Lisa M. Fairfax, of Maryland, to be a Member of the Securities and Exchange Commission; and Ms. Hester Maria Peirce, of Ohio, to be a Member of th… Continue Reading


March 10, 2016

Shelby Statement on Banking Committee Vote on Mr. Adam J. Szubin’s Nomination

WASHINGTON, DC - Thursday, May 10, 2016 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today released a statement following the Committee's Executive Session to consider the nomination of Mr. Adam J. Szubin, of the District of Columbia, to be Under Secretary for Terrorism and Financial Crimes, U. S. Department of the Treasury. Mr. Szubin's nomination secured approval by a vote of 14-8. "Mr. Szubin's role at the Tre… Continue Reading


March 9, 2016

Senate Chairmen: Consumer Bureau Response to Broken Retirement Tool “Inadequate and Unresponsive”

WASHINGTON D.C. - Wednesday, March 9, 2016 - Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, called a response from the Consumer Financial Protection Bureau (CFPB) "inadequate and unresponsive" after the agency acknowledged problems with its online Social Security retirement calculator, but failed to fully address the problems or adequately fix them. The Chairmen note … Continue Reading


February 11, 2016

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

WASHINGTON, DC - Thursday, February 11, 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." Chairman Shelby's remarks, as prepared, are below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen. The semi-annual Monetary Policy Report to the Congress is a… Continue Reading


December 16, 2015

Senate Chairmen: Consumer Protection Bureau Retirement Calculator Broken

WASHINGTON D.C. - Wednesday, December 16, 2015 - Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, today blasted the Consumer Financial Protection Bureau (CFPB) for carelessly spending government resources on a duplicative and wasteful retirement calculator that produces flawed results for Americans looking for clear and accurate information before making important financi… Continue Reading


November 3, 2015

Shelby: “Independence and Accountability Are Not Mutually Exclusive Concepts”

WASHINGTON, DC - Tuesday, November 3, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today spoke at an event hosted by the Federal Reserve for its year-end meeting of the Conference of Chairs of the Reserve Banks. Excerpt of Chairman Shelby's remarks: "Since its birth, the Federal Reserve has been at the center of a debate that pits a Central Bank's need for independence against the public demand for accountab… Continue Reading


October 14, 2015

Shelby Delivers Speech on “The Trouble with Dodd-Frank” at Harvard Law School

WASHINGTON, DC - Wednesday, October 14, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered a speech, "The Trouble with Dodd-Frank," at Harvard Law School. Excerpt of Chairman Shelby's speech: "The trouble with Dodd-Frank is that it has not only vested more authority in unelected, unaccountable bureaucrats, but also in unaccountable international bodies. Five years after Dodd-Frank's enactmen… Continue Reading


October 1, 2015

Shelby Opening Remarks at American Crude Oil Export Equality Act Mark Up

WASHINGTON, DC - Thursday, October 01, 2015 - 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 executive session to mark up the "American Crude Oil Export Equality Act." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will consider for mark up the 'American Crude Oil Export Equality Act,' which represents a bipartis… Continue Reading


September 30, 2015

Shelby Presses Treasury Secretary, Fed Chair, & SEC Chair on FSB Influence, Transparency

WASHINGTON, DC - Wednesday, September 30, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Treasury Secretary Lew, Federal Reserve Chair Yellen, and SEC Chair White regarding the influence and transparency of the Financial Stability Board (FSB). In the letter, Chairman Shelby detailed several concerns regarding the FSB and requested detailed responses to questions regarding the international … Continue Reading


September 29, 2015

Shelby Opening Remarks at Nominations Hearing

WASHINGTON, DC - Tuesday, September 29, 2015 - 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 the nomination of Mr. Adewale Adeyemo, of California, to be an Assistant Secretary for International Markets and Development, U.S. Department of the Treasury; Mr. Amias Moore Gerety, of Connecticut, to be an Assistant Secretary for Financial Ins… Continue Reading


September 17, 2015

Shelby Opening Remarks on the Nomination of Mr. Adam J. Szubin

WASHINGTON, DC - Thursday, September 17, 2015 - 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 the nomination of Mr. Adam J. Szubin to be Under Secretary of the Treasury for Terrorism and Financial Crimes. The text of Chairman Shelby's remarks, as prepared, is below. "This morning we will hear testimony on the nomination of Mr… Continue Reading


August 5, 2015

Shelby Statement on the Implications of Sanctions Relief under the Iran Agreement

WASHINGTON, DC - Wednesday, August 5, 2015 - 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 Implications of Sanctions Relief under the Iran Agreement." The text of Chairman Shelby's remarks, as prepared, is below. "Much has changed since the Committee held its hearing on Iran and marked-up an economic sanctions bill drafted … Continue Reading


July 28, 2015

Shelby Statement at Hearing on Lifting the Crude Oil Export Ban

WASHINGTON, DC - Tuesday, July 28, 2015 - 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 "Lifting the Crude Oil Export Ban." The text of Chairman Shelby's remarks, as prepared, is below. "The Committee convenes today to receive testimony regarding the prospect of lifting the ban on U.S. crude oil exports. "Approximately for… Continue Reading


July 23, 2015

Shelby Statement on Measuring the Systemic Importance of U.S. Bank Holding Companies

WASHINGTON, DC - Thursday, July 23, 2015 - 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 "Measuring the Systemic Importance of U.S. Bank Holding Companies." The text of Chairman Shelby's remarks, as prepared, is below. "Today we will hear from experts on the best criteria and methods to determine the systemic importance of U.S.… Continue Reading


July 21, 2015

Shelby Delivers Speech at The Heritage Foundation

WASHINGTON, DC - Tuesday, July 21, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered a speech on regulatory reform and too-big-to-fail at The Heritage Foundation. The text of Chairman Shelby's remarks, as prepared, is below. "Thank you for inviting me to speak today on regulatory reform and more specifically, whether too-big-to-fail is a thing of the past. "I have long held and publicly stated … Continue Reading


July 16, 2015

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

WASHINGTON, DC - Thursday, July 16, 2015 - 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. These semi-annual hearings are an important part of … Continue Reading


July 15, 2015

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

WASHINGTON, DC - Wednesday, July 15, 2015 - 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. "Today, the Committee will hear from Richard Cordray, the Director of the Bureau of Consumer Financial Protection.… Continue Reading


July 8, 2015

Shelby Opening Statement on the Role of the FSB in the U.S. Regulatory Framework

WASHINGTON, DC - Wednesday, July 8, 2015 - 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 Role of the Financial Stability Board in the U.S. Regulatory Framework." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will examine the role of the Financial Stability Board, or the FSB, in our domestic regulato… Continue Reading


June 26, 2015

Shelby Announces Upcoming Banking Committee Schedule

WASHINGTON, DC - Friday, June 26, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced the Committee hearing schedule for the weeks of July 6th and July 13th. Wednesday, July 8, 2015 Full Committee Hearing: "The Role of the Financial Stability Board in the U.S. Regulatory Framework" Witnesses: The Honorable Dirk Kempthorne, President and CEO, American Council of Life Insurers (ACLI); Mr. Eugene Sc… Continue Reading

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