Minority Press Releases

June 29, 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: "Principles of Housing Finance Reform." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will discuss and receive testimony on important principles of housing finance reform. "Reforming the housing finance system is one of my key priorities… Continue Reading


June 22, 2017

Crapo Statement at Economic Growth Hearing with Regulators

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: Regulator Perspective." The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will hear from financial regulators to receive legislative and regulatory recommendations that would foster economic growth. "Based on conversations I have had with current and … Continue Reading


June 16, 2017

Crapo Secures Passage of Russia Sanctions Bill

WASHINGTON, D.C. - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, secured passage of the Countering Russian Aggression and Cyberattacks Act of 2017 today, legislation introduced yesterday as an amendment to the underlying Iran sanctions bill. The amendment passed 97-2. "This legislation signals to the world the United States' unflagging commitment to the sanctity of territorial integrity, human rights, and good governanc… Continue Reading


June 15, 2017

Crapo Statement at Economic Growth Hearing, Part 3

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: Midsized, Regional, and Large Institution Perspective." The text of Chairman Crapo's remarks, as prepared, is below. "Last week, we received testimony on the role financial institutions play in fostering economic growt… Continue Reading


June 13, 2017

Crapo Statement on Russia Sanctions Amendment

U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, took to the Senate Floor today to discuss his legislation to expand and strengthen sanctions on the Russian Federation. The amendment to the underlying Iran sanctions bill represents a bipartisan agreement among Banking Committee Chairman Crapo, Ranking Member Sherrod Brown (D-Ohio), Senate Foreign Relations Committee Chairman Bob Corker (R-Tennessee) and Ranking Member Ben Ca… Continue Reading


June 12, 2017

Senators Announce Agreement on Russia Sanctions

WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho), Ranking Member Sherrod Brown (D-Ohio), Foreign Relations Committee Chairman Bob Corker (R-Tennessee) and Ranking Member Ben Cardin (D-Maryland) today announced a bipartisan agreement on legislation to strengthen and expand current U.S. sanctions on Russia. The amendment to the underlying Iran sanctions bill maintains and substantially expands sanctions against the government of Russia i… Continue Reading


June 8, 2017

Economic Growth Proposals


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

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