Minority Press Releases

February 10, 2015

Shelby Statement at Hearing on Regulatory Relief for Community Banks and Credit Unions

WASHINGTON, DC - Tuesday, February 10, 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 remarks during a full committee hearing on "Regulatory Relief for Community Banks and Credit Unions." The text of Chairman Shelby's remarks, as prepared, is below. "This week, the Committee begins an examination of potential changes to the current regulatory structure. "Today we will… Continue Reading


January 29, 2015

Banking Committee Approves Iran Sanctions Bill

WASHINGTON, DC - Thursday, January 29, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced committee approval of the "Nuclear Weapon Free Iran Act of 2015" by a vote of 18-4. The measure will now be reported to the full Senate for consideration. "I am pleased that the Banking Committee has approved legislation in a bipartisan manner that would impose additional sanctions should Iran fail to reach an… Continue Reading


January 29, 2015

Shelby Statement at Iran Sanctions Markup

WASHINGTON, DC - Thursday, January 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 remarks during a full committee markup of the "Nuclear Free Iran Act of 2015." The text of Chairman Shelby's remarks, as prepared, is below. "I'd like to commend Senators Kirk and Menendez for their tireless efforts over so many months in putting this legislation together. "Ear… Continue Reading


January 27, 2015

Shelby Statement at Iran Sanctions Hearing

WASHINGTON, DC - Tuesday, January 27, 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 remarks during a full committee hearing on "Perspectives on the Strategic Necessity of Iran Sanctions." The text of Chairman Shelby's remarks, as prepared, is below. "Today, we will hear from our witnesses on the role that economic sanctions have played in influencing Iran's illegal nuclea… Continue Reading


January 23, 2015

Shelby Announces Banking Subcommittees for 114th Congress

WASHINGTON, DC - Thursday, January 22, 2015 - U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today announced subcommittee chairmen and subcommittee membership for the 114th Congress. "Subcommittees play an important role in ensuring that the Banking Committee is productive," said Chairman Shelby. "I am confident in the leadership of our subcommittees and look forward to working them in the 114th Congress." Subcom… Continue Reading


December 10, 2014

CRAPO STATEMENT AT CYBERSECURITY HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing Thank you, Mr. Chairman. This morning, we are holding what may be the final Banking Committee hearing chaired by Chairman Johnson. Mr. Chairman, let me reiterate what a pleasure it has been to work with you. You and I have had a great working relationship for many years. It has been a privil… Continue Reading


November 19, 2014

CRAPO STATEMENT AT FHFA OVERSIGHT HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market": Thank you, Mr. Chairman. Today is an important hearing. It is the first time that Director Watt has been before this Committee for an oversight hearing since he became Director of… Continue Reading


September 18, 2014

CRAPO STATEMENT AT CONSUMER FINANCIAL SERVICES HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing titled "Assessing and Enhancing Protections in Consumer Financial Services": Thank you, Mr. Chairman. Consumer protection is an important part of a well- functioning and safe financial marketplace. However, consumer protection cannot happen in a vacuum. Our regulators must consider the impact of r… Continue Reading


September 16, 2014

CRAPO STATEMENT AT SMALL DEPOSITORY INSTITUTIONS HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing held to examine the state of small depository institutions: Thank you, Mr. Chairman. This hearing is important because small depository institutions represent the lifeblood of many communities across America, and especially in rural Idaho. Yet, small financial institutions are disappearing f… Continue Reading


September 9, 2014

CRAPO STATEMENT AT HEARING ON WALL STREET REFORM

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled: "Wall Street Reform: Assessing and Enhancing the Financial Regulatory System." Thank you, Mr. Chairman. Dodd-Frank requires approximately 400 new rules to be written and approved by the federal financial regulators. To date, slightly more than 50 percent of these rules have been finalized … Continue Reading


July 31, 2014

CRAPO STATEMENT ON ROLE OF FINANCIAL PRODUCTS FOR STUDENTS

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing on the role of financial institutions in higher education: Thank you, Mr. Chairman. Beginning the path to higher education is filled with great excitement and opportunity for students across the country. However, students are faced with financial questions they might not have considered until thi… Continue Reading


July 15, 2014

CRAPO STATEMENT AT MONETARY POLICY HEARING

Washington, D.C. - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks at the Federal Reserve's semiannual monetary policy report to Congress: Thank you, Mr. Chairman. Welcome, Chair Yellen. During Dr. Yellen's nomination hearing, I noted the need to fill additional vacancies at the Federal Reserve Board with individuals bringing balanced viewpoints. The President should nominate someon… Continue Reading


July 8, 2014

CRAPO AT HEARING ON EQUITY MARKET STRUCTURE

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "The Role of Regulation in Shaping Equity Market Structure and Electronic Trading": Thank you, Mr. Chairman. The U.S. capital markets are vital to the continued growth of the economy. I have repeatedly stressed the need for the U.S. financial system and markets to remain the preferred de… Continue Reading


June 25, 2014

CRAPO STATEMENT AT FSOC REPORT TO CONGRESS

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during the Financial Stability Oversight Council's annual report to Congress: Thank you, Mr. Chairman. I look forward to Secretary Lew's testimony on FSOC's 2014 annual report. This year's report covers many areas of the Council's activities and lists a number of potential emerging threats to the financial stability of the United … Continue Reading


June 17, 2014

CRAPO STATEMENT AT NOMINATIONS HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing to consider the nominations of The Honorable Julian Castro to be Secretary of the U.S. Department of Housing and Urban Development, and Ms. Laura Wertheimer to be Inspector General of the Federal Housing Finance Agency: Thank you, Mr. Chairman. Before us today are nominees for two important positi… Continue Reading


June 10, 2014

CRAPO ON CFPB'S SEMI-ANNUAL REPORT TO CONGRESS

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during the Consumer Financial Protection Bureau's semi-annual report to Congress: Thank you, Mr. Chairman. Today, we welcome back Director Cordray to discuss the most recent Semi-Annual Report of the Consumer Financial Protection Bureau. In recent months, the CFPB has laid out a broad and ambitious rulemaking agenda that will… Continue Reading


June 3, 2014

CRAPO STATEMENT AT TERRORISM RISK INSURANCE PROGRAM MARKUP

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee executive session to mark up the Terrorism Risk Insurance Program Reauthorization Act of 2014: Thank you Mr. Chairman. Since the last hearing on the Terrorism Risk Insurance Act, we have worked together to develop a bipartisan approach to reauthorizing this program. As a co-sponsor of this legislation,… Continue Reading


May 15, 2014

CRAPO STATEMENT AT HOUSING FINANCE REFORM MARKUP

Washington, D.C. - Today, the Senate Banking, Housing and Urban Affairs Committee resumed consideration of S. 127, the Housing Finance Reform and Taxpayer Protection Act of 2013. The legislation being marked up included a bipartisan agreement drafted by Chairman Tim Johnson (D-South Dakota) and Ranking Member Crapo, and is designed to stabilize the housing finance market and strengthen the American economy. The legislation will end the government domination of the U.S. housing market and re-es… Continue Reading


April 29, 2014

CRAPO ON HOUSING FINANCE REFORM MARKUP

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks after agreeing to recess a markup of S.1217, the Housing Finance Reform and Taxpayer Protection Act of 2013, for a short period of time to broaden bipartisan support: As prepared for delivery: "Thank you, Mr. Chairman, for making housing finance reform the Committee's top priority. You have been a great partner to work wi… Continue Reading


March 13, 2014

CRAPO STATEMENT AT CONFIRMATION HEARING

WASHINGTON- U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing to consider several nominations to the Federal Reserve Board, the U.S. Department of Housing and Urban Development, and the National Credit Union Administration Board. Thank you, Mr. Chairman, and I join in your introductory comments on housing finance reform, and I particularly appreciate the relat… Continue Reading

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