Minority Press Releases

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


March 6, 2014

CRAPO STATEMENT AT HEARING ON MAP-21 REAUTHORIZATION

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 reauthorization of the Moving Ahead for Progress in the 21st Century Act, or MAP-21: Thank you Mr. Chairman. It was just over a month ago that we held a hearing on the ongoing implementation of the transportation authorizing legislation, "Moving Ahead for Progress in the 21st Century," or M… Continue Reading


February 27, 2014

CRAPO STATEMENT ON SEMIANNUAL MONETARY POLICY REPORT

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 Federal Reserve Bank's Semiannual Monetary Report to the Congress. The Committee heard from Federal Reserve Chair Janet Yellen: Thank you, Mr. Chairman. Welcome, Chair Yellen, on your first appearance before this committee as Chair of the Federal Reserve Board of Governors. Today's he… Continue Reading


February 25, 2014

CRAPO STATEMENT AT TRIA 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 "Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market, Part II." Thank you, Mr. Chairman. This is the Committee's second hearing on the reauthorization of the Terrorism Risk Insurance Act (TRIA). At the first hearing in September, we heard testimony about the difficulties as… Continue Reading


February 6, 2014

CRAPO STATEMENT AT HEARING ON FINANCIAL STABILITY AND DATA SECURITY

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 regulatory efforts to improve financial stability and explore data security regulatory standards: Thank you, Mr. Chairman. I have repeatedly stressed the need for the U.S. banking system and capital markets to remain the preferred destination for investors throughout the world. W… Continue Reading


January 28, 2014

CRAPO STATEMENT AT EXPORT-IMPORT BANK REAUTHORIZATION 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 "Oversight and Reauthorization of the Export-Import Bank of the United States:" Thank you, Mr. Chairman. Today, we will review the activities of the Export-Import Bank of the United States as the Banking Committee prepares to consider this year's reauthorization of the Bank's charter. … Continue Reading


January 16, 2014

CRAPO STATEMENT AT MAP-21 PROGRESS REPORT 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 "Progress Report on Public Transportation under MAP-21." "Thank you, Mr. Chairman. "In July 2012, Congress passed and President Obama signed into law the Moving Ahead for Progress in the 21st Century Act, also known as MAP-21, which authorized transportation programs through… Continue Reading


December 12, 2013

CRAPO STATEMENT AT HEARING TO EXAMINE "JOINT PLAN OF ACTION" WITH IRAN

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 in which members heard from administration officials regarding the P5+1 interim nuclear agreement with Iran: Thank you, Mr. Chairman, for holding today's hearing on the nuclear agreement with Iran. This hearing provides us the opportunity to consider the administration's perspective on negotiation… Continue Reading


December 10, 2013

CRAPO STATEMENT ON APPROVAL OF VOLCKER RULE

WASHINGTON - Senate Banking, Housing and Urban Affairs Committee Ranking Member Mike Crapo (R-Idaho) released the following statement regarding the final Volcker Rule approved by regulators today pursuant to a Dodd-Frank requirement to ban proprietary trading by banks. "I am disappointed that the agencies chose not to re-propose the Volcker Rule before today's final vote," said Crapo. "The rulemaking process surrounding this extremely complex rule lacked transparency and meaningful, robust … Continue Reading


December 10, 2013

CRAPO STATEMENT ON RISK SHARING IN HOUSING FINANCE MARKET

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 fundamentals of transferring credit risk in a future housing finance system: Thank you, Mr. Chairman. As the Committee continues to consider broad reform of the housing finance system, I am encouraged by the progress we have made over the last few months. Since … Continue Reading


November 22, 2013

CRAPO STATEMENT ON THE TRANSITION TO A NEW HOUSING FINANCE SYSTEM

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 best plan for a smooth transition into a new housing finance reform system: "Thank you, Mr. Chairman. "The issue of how we transition into a future system is one of the most important topics we will cover in this series of housing finance reform hearings. Numerous… Continue Reading


November 21, 2013

CRAPO ON BEST STRUCTURE FOR A STRONG REGULATOR IN NEW HOUSING FINANCE MARKET

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 how best to structure a strong and effective regulatory entity for taxpayer-guaranteed mortgages: "Thank you, Mr. Chairman. "Today, the Committee will discuss how best to structure a strong, independent regulator-with appropriate checks and balances-as part of the new housing fina… Continue Reading


November 21, 2013

CRAPO STATEMENT ON FED CHAIR NOMINATION

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today issued the following statement during a Banking Committee executive session held to consider the nomination of Janet L. Yellen to be Chairman of the Board of Governors of the Federal Reserve System: "Thank you, Mr. Chairman. "The nomination hearing of Vice Chair Yellen was another opportunity to discuss the risks of the Federal Reserve's prolonged ea… Continue Reading

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