Minority Press Releases

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


June 23, 2015

Shelby Opening Statement on Oversight Review of the National Flood Insurance Program

WASHINGTON, DC - Tuesday, June 23, 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 briefing by the Majority investigative staff of the Committee to discuss the findings of their oversight review of the National Flood Insurance Program. The text of Chairman Shelby's remarks, as prepared, is below. "Hurricane Sandy was the deadliest and most destructive Hurricane o… Continue Reading


June 4, 2015

Shelby Opening Statement on Oversight of the Export-Import Bank of the United States

WASHINGTON, DC - Thursday, June 4, 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 "Oversight of the Export-Import Bank of the United States." The text of Chairman Shelby's remarks, as prepared, is below. "On Tuesday, the Committee heard a range of perspectives from a panel of experts and industry representatives who testified on the fu… Continue Reading


June 2, 2015

Shelby Opening Statement on Perspectives on the Export-Import Bank of the United States

WASHINGTON, DC - Tuesday, June 2, 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 "Perspectives on the Export-Import Bank of the United States." The text of Chairman Shelby's remarks, as prepared, is below. "This is the first of our oversight hearings on the Export-Import Bank of the United States, which is currently authorized through … Continue Reading


May 21, 2015

Shelby Opening Statement on “The Financial Regulatory Improvement Act of 2015”

WASHINGTON, DC - Thursday, May 21, 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 mark-up of "The Financial Regulatory Improvement Act of 2015." The text of Chairman Shelby's remarks, as prepared, is below. "The Committee meets today to consider and report to the Senate 'The Financial Regulatory Improvement Act of 2015.' "I understand that… Continue Reading


May 20, 2015

In Case You Missed It: What They’re Saying About “The Financial Regulatory Improvement Act of 2015”

HABITAT FOR HUMANITY: "The Dodd-Frank reforms were passed with the good intentions of protecting consumers and taxpayers and of stopping predatory lending that targeted lower-income families and contributed to the foreclosure crisis, but provisions in the law, including appraisal independence regulations, created unintended consequences for Habitat for Humanity and other nonprofit organizations providing responsible homeownership opportunities to families without access to bank mortgages." "H… Continue Reading


May 18, 2015

MYTH VS. REALITY: "The Financial Regulatory Improvement Act of 2015"

MYTH VS. REALITY: "The Financial Regulatory Improvement Act of 2015"… Continue Reading


May 12, 2015

Shelby Releases Discussion Draft of “The Financial Regulatory Improvement Act of 2015”

WASHINGTON, DC - Tuesday, May 12, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today released the text of the discussion draft of "The Financial Regulatory Improvement Act of 2015." Chairman Shelby released the following statement regarding the discussion draft: "This discussion draft is a working document intended to initiate a conversation with all members of the Committee who are interested in reaching… Continue Reading


April 28, 2015

Shelby Opening Statement at Hearing on the State of the Insurance Industry and Insurance Regulation

WASHINGTON, DC - Tuesday, April 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 "The State of the Insurance Industry and Insurance Regulation." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will examine several issues of importance to the insurance industry both domestically and in… Continue Reading


April 23, 2015

Shelby Opening Statement at Hearing on Surface Transportation Reauthorization

WASHINGTON, DC - Thursday, April 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 "Surface Transportation Reauthorization: Building on the Successes of MAP-21 to Deliver Safe, Efficient and Effective Public Transportation Services and Projects." The text of Chairman Shelby's remarks, as prepared, is below. "On Tuesday, A… Continue Reading


April 21, 2015

Shelby Opening Statement at Hearing on Surface Transportation Reauthorization

WASHINGTON, DC - Tuesday, April 21, 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 "Surface Transportation Reauthorization: Building on the Successes of MAP-21 to Deliver Safe, Efficient and Effective Public Transportation Services and Projects." The text of Chairman Shelby's remarks, as prepared, is below. "This is the first o… Continue Reading


April 16, 2015

Shelby Opening Statement at Hearing on Regulatory Burdens to Obtaining Mortgage Credit

WASHINGTON, DC - Thursday, April 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 "Regulatory Burdens to Obtaining Mortgage Credit." The text of Chairman Shelby's remarks, as prepared, is below. "Months ago, this Committee began an examination of the regulatory landscape facing consumers, lenders and other financial mark… Continue Reading


April 15, 2015

Shelby Announces Upcoming Banking Committee Schedule

WASHINGTON, DC - Wednesday, April 15, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced the tentative Committee hearing schedule for the months of April, May, and June. APRIL Thursday, April 16, 2015 Full Committee Hearing: Regulatory Burdens to Obtaining Mortgage Credit (Outside Witnesses) Time and Location: 10:00 a.m. in room 538 of the Dirksen Senate Office Building Tuesday, April … Continue Reading


March 25, 2015

Shelby Statement at Hearing on FSOC Accountability

WASHINGTON, DC - Wednesday, March 25, 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 "FSOC Accountability: Nonbank Designations." The text of Chairman Shelby's remarks, as prepared, is below. "Today, the Committee will examine how the Financial Stability Oversight Council, or FSOC, designates certain nonbank companies as syst… Continue Reading

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