Minority Press Releases

November 1, 2017

Senators Announce Bipartisan Agreement on North Korea Sanctions Bill

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), joined by Banking Committee members Pat Toomey (R-Pennsylvania) and Chris Van Hollen (D-Maryland), reached an agreement on bipartisan legislation to strengthen and expand current U.S. sanctions on North Korea. The legislation is scheduled to be acted on by the Banking Committee next week. The bill is titled the "Otto Warmbier Banking Rest… Continue Reading


November 1, 2017

Crapo Statement at Export-Import Bank 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 The Honorable Scott Garrett, of New Jersey, to be President of the Export-Import Bank; Ms. Kimberly A. Reed, of West Virginia, to be First Vice President of the Export-Import Bank; The Honorable Spencer Bachus III, of Alabama, to be a Member of the Board of Directors of the… Continue Reading


October 27, 2017

Chairman Crapo on CFPB Arbitration Rule

Washington, D.C. - Today, Senate Republicans, led by Banking Committee Chairman Mike Crapo (R - Idaho), voted to overturn a controversial rule that would ban certain financial contracts from including arbitration agreements that prevent consumers from filing or participating in class action lawsuits. Below are Chairman Crapo's comments on the Senate Floor delivered before the final vote. Chairman Crapo's remarks, as prepared for delivery: "Mr. President, I rise today to discuss the flawed an… Continue Reading


October 26, 2017

Crapo Statement at HUD 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 The Honorable Brian D. Montgomery, of Texas, to be Assistant Secretary for Housing - Federal Housing Commissioner, U.S. Department of Housing and Urban Development; Mr. Robert Hunter Kurtz, of Virginia, to be Assistant Secretary for Public and Indian Housing, U.S. Departmen… Continue Reading


October 24, 2017

Crapo Statement at SEC, Mint 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 The Honorable David J. Ryder to be the Director of the United States Mint; Ms. Hester M. Pierce to be a Member of the Securities and Exchange Commission; and Mr. Robert J. Jackson, Jr. to be a Member of the Securities and Exchange Commission. The text of Chairman Crapo's r… Continue Reading


October 17, 2017

Crapo Statement at Data Security 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 entitled: "Consumer Data Security and the Credit Bureaus." The text of Chairman Crapo's remarks, as prepared, is below. "The Committee will come to order. "As a follow-up to our hearing on the Equifax data breach, today we will receive testimony on the protection of consumer data at credit bu… Continue Reading


October 4, 2017

Crapo Statement at Equifax 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 entitled: "An Examination of the Equifax Cybersecurity Breach." The text of Chairman Crapo's remarks, as prepared, is below. "This morning we will hear testimony from Richard Smith, former Chairman and Chief Executive Officer of Equifax, who held those positions until last week. "I understand… Continue Reading


October 3, 2017

Crapo Statement at Wells Fargo 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 entitled: "Wells Fargo: One Year Later." The text of Chairman Crapo's remarks, as prepared, is below. "Before we begin today, let me acknowledge that our nation is still mourning and remembering the lives lost in Las Vegas. "Our condolences go out to the families affected by this heinous crim… Continue Reading


September 28, 2017

Crapo Statement at North Korea Sanctions 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 entitled: "Evaluating Sanctions Enforcement and Policy Options on North Korea: Administration Perspectives." The text of Chairman Crapo's remarks, as prepared and submitted to the record, is below. "This morning, the Committee will receive testimony from Administration witnesses on the effor… Continue Reading


September 26, 2017

Senate Passes FSOC Insurance Member Continuity Act

WASHINGTON - Today, United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) lauded the passage of the Financial Stability Oversight Council (FSOC) Insurance Member Continuity Act (H.R. 3110). "This simple fix will allow the FSOC to continue to benefit from the important insight and contributions of the independent member with insurance expertise if their replacement has not been confirmed," said Crapo. "I thank… Continue Reading


September 26, 2017

Crapo Statement at SEC Oversight 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 entitled: "Oversight of the U.S. Securities and Exchange Commission." The text of Chairman Crapo's remarks, as prepared, is below. "Today we will receive testimony from Securities and Exchange Commission Chairman Jay Clayton regarding the work and agenda of the SEC. "Thank you, Chairman Clay… Continue Reading


September 15, 2017

Crapo Statement at CFIUS 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 entitled: "Examining the Committee on Foreign Investment in the United States (CFIUS)." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, the Committee is meeting to receive testimony on the role of the Committee on Foreign Investment in the United States, or CFIUS, a… Continue Reading


September 12, 2017

Crapo Statement at Fintech 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 entitled: "Evaluating the Fintech Landscape." The text of Chairman Crapo's remarks, as prepared, is below. "Last night, the Senate passed several bipartisan securities bills that we marked up earlier this year - bills that will improve economic growth and investor protections. "Thank you, Sen… Continue Reading


September 7, 2017

Crapo Statement at Hearing on North Korea 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 remarks during a full committee hearing entitled: "Evaluating Sanctions Enforcement and Policy Options on North Korea." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will receive testimony from three sanctions experts on how to intelligently and effectively use the various tools of sanctions and… Continue Reading


July 27, 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. Joseph Otting, of Nevada, to be Comptroller of the Currency; and The Honorable Randal Quarles, of Colorado, to be a Member of the Board of Governors of the Federal Reserve System; Reappointment as a Member of the Board of Governors of the Federal Reserve System; and Vic… Continue Reading


July 20, 2017

Crapo Statement at Small Lender Housing 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 entitled "Housing Finance Reform: Maintaining Access for Small Lenders." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will continue its series of hearings on housing finance reform. "In May, Treasury Secretary Mnuchin and FHFA Director Watt both appear… Continue Reading


July 20, 2017

Senators File Resolution Disapproving of CFPB Arbitration Rule

WASHINGTON, D.C. - Today, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Republican colleagues will file a Congressional Review Act (CRA) Joint Resolution of Disapproval in the Senate against the Consumer Financial Protection Bureau's (CFPB) arbitration rule. "Members of Congress previously expressed concerns with the proposed version of the rulemaking - concerns that were not addressed in the final rule," said Chairman Crapo. "The rule is based on… Continue Reading


July 18, 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. J. Paul Compton, Jr., of Alabama, to be General Counsel, U.S. Department of Housing and Urban Development; Ms. Anna M. Farias, of Texas, to be Assistant Secretary for Fair Housing and Equal Opportunity, U.S. Department of Housing and Urban Development; Mr. Neal J. Rackl… Continue Reading


July 17, 2017

Crapo, Brown Introduce Bill to Reauthorize and Reform National Flood Insurance Program

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) introduced the National Flood Insurance Program Reauthorization Act of 2017, a bill to reauthorize and reform the National Flood Insurance Program (NFIP), which expires on September 30, 2017. The legislation, which serves as a base text, would extend the existing national flood insurance program for six years and includes many important r… Continue Reading


July 13, 2017

Crapo Statement at Semiannual Monetary Policy Report 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 Semiannual Monetary Policy Report to Congress. The text of Chairman Crapo's remarks, as prepared, is below. "Today we will receive testimony from Federal Reserve Chair Janet Yellen regarding the Fed's semiannual report to Congress on monetary policy and the state of the econom… Continue Reading

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