Minority Press Releases

October 29, 2013

CRAPO STATEMENT ON HOUSING FINANCE REFORM FOR CONSUMERS

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, "Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers:" "Thank you, Mr. Chairman. "Today's hearing will focus on the consumer experience in a reformed housing finance system. "Homeownership is central to our nation's economy, of… Continue Reading


October 10, 2013

CRAPO STATEMENT AT HEARING ON THE ECONOMIC IMPACT OF DEFAULT

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 impact of a default on financial stability and economic growth: "Thank you, Mr. Chairman. "I would like to thank our witnesses for appearing today to present their thoughts on this important topic. "While there has been a lot of recent attention on what happens if the… Continue Reading


September 25, 2013

CRAPO STATEMENT AT TERRORISM RISK INSURANCE 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": "Thank you, Mr. Chairman. "I welcome each of our witnesses today to this important hearing on the federal Terrorism Risk Insurance Act (TRIA). "The program's initial passage was in large part d… Continue Reading


September 12, 2013

CRAPO STATEMENT AT HEARING ON HOUSING FINANCE 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 on housing finance reform: "Thank you, Mr. Chairman. "There seems to be more traction toward moving forward with housing finance reform than there has been at any point during the five-year conservatorships of Fannie Mae and Freddie Mac. "Mr. Chairman, thank you for making th… Continue Reading


July 30, 2013

CRAPO STATEMENT ON SYSTEMIC RISK IN FINANCIAL MARKETS 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 "Mitigating Systemic Risk in Financial Markets through Wall Street Reforms": "Thank you, Mr. Chairman. "Today, we will hear from Securities and Exchange Commission SEC Chair White and U.S. Commodities Futures Trading Commission CFTC Chairman Gensler on their implementation of … Continue Reading


July 24, 2013

CRAPO STATEMENT ON FHA SOLVENCY HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing on "The FHA Solvency Act of 2013": "Thank you, Mr. Chairman. "The Federal Housing Administration (or FHA) has helped millions of Americans achieve the dream of owning a home. "Unfortunately, the FHA has also experienced higher than expected default rates over the last several y… Continue Reading


July 22, 2013

CRAPO STATEMENT AT MONETARY POLICY HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, delivered the following remarks during the Federal Reserve Bank's semi-annual monetary policy report to the Congress. The Committee heard from Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System: "Thank you, Mr. Chairman. "I welcome Federal Reserve Chairman Bernanke back to the Banking Committee to testify at the semi-annual Hum… Continue Reading


July 16, 2013

CRAPO STATEMENT AT HEARING ON DEFENSE PRODUCTION ACT OVERSIGHT

WASHINGTON- U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, delivered the following remarks during a Banking Committee hearing on oversight of the Defense Production Act (DPA): "Thank you, Mr. Chairman. "As the United States continues to face conflicts overseas, as well as terrorist threats and natural disasters at home, it is again time to consider reauthorization of the Defense Production Act, commonly referred t… Continue Reading


July 11, 2013

CRAPO STATEMENT AT HEARING ON SYSTEMIC RISK

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 Dodd-Frank implementation entitled "Mitigating Systemic Risk through Wall Street Reforms": "Thank you, Mr. Chairman. "Today, we have asked the regulators to discuss the implementation of Titles I and II of the Dodd-Frank Act. "Title I of Dodd-Frank brought us the Financial Stabi… Continue Reading


June 27, 2013

CRAPO STATEMENT AT HEARING TO CONSIDER SEVERAL NOMINATIONS

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing to consider the following nominees: Representative Mel Watt, of North Carolina, to be Director of the Federal Housing Finance Agency; Dr. Jason Furman, of New York, to be a Member and Chairman of the Council of Economic Advisers; Ms. Kara M. Stein, of Maryland, to be a Member of the Securities and Exchange… Continue Reading


June 25, 2013

CRAPO STATEMENT AT PRIVATE STUDENT LOANS HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing on private student loans focusing on regulatory challenges and a path forward: "Thank you, Mr. Chairman, for holding this hearing today. "Student loans play a vital role in the lives of many students and their families across our country. "The loans help maintain a strong and edu… Continue Reading


June 11, 2013

CRAPO STATEMENT AT HEARING ON COMMUNITY BANKS

WASHINGTON- U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "Lessons Learned from the Financial Crisis Regarding Community Banks": "Thank you, Mr. Chairman. "Today, the Committee will hear about lessons learned from the financial crisis regarding community banks. "Thank you to the Federal Deposit Insurance Corporation (FDIC) and … Continue Reading


June 4, 2013

CRAPO STATEMENT AT IRAN SANCTIONS HEARING

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "Iran Sanctions: Ensuring Robust Enforcement, and Assessing Next Steps": "Thank you, Mr. Chairman. "Ten days from now, Iranians will vote in an election stage-managed by the ruling Guardian Council for a president who, once selected, is destined to continue the longstanding poli… Continue Reading


May 21, 2013

CRAPO STATEMENT AT FSOC ANNUAL REPORT

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing in which Treasury Secretary Jack Lew testified regarding the Financial Stability Oversight Council's Annual Report to Congress: "Thank you, Mr. Chairman. "Today, Secretary Lew comes before the Committee to testify in his first hearing as Treasury Secretary. "The Secretary wears … Continue Reading


May 7, 2013

CRAPO STATEMENT AT SENATE BANKING HEARING ON EXPORT-IMPORT BANK NOMINATION

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing on the nomination of the Honorable Fred P. Hochberg to be the President of the Export-Import Bank of the United States: "Thank you, Mr. Chairman, for holding today's hearing on the re-nomination of Mr. Hochberg to head the Export-Import Bank. "Mr. Hochberg is no stranger to the Senate co… Continue Reading


May 6, 2013

CRAPO SEEKS ANSWERS ON LEGALITY OF CFPB BIG DATA COLLECTION

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today sent a letter to Mr. Richard Cordray, the President's nominee to head the Consumer Financial Protection Bureau (CFPB), requesting prompt answers to legal concerns surrounding the massive data collection effort undertaken by the agency on consumer spending habits. Following Mr. Cordray's nomination hearing in March, Crapo requested more information regarding CFPB's d… Continue Reading


May 1, 2013

CRAPO ON NOMINATION OF MEL WATT TO HEAD FHFA

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, issued the following statement regarding the Administration's nomination of Representative Mel Watt to be the Director of the Federal Housing Finance Agency: "We must end the five-year conservatorships of Fannie Mae and Freddie Mac and resolve the threat to taxpayers and our housing market created by these government sponsored entities. The Administration must provide a l… Continue Reading


April 23, 2013

CRAPO STATEMENT AT CFPB SEMI-ANNUAL REPORT TO CONGRESS

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Senate Banking Committee hearing in which the Consumer Financial Protection Bureau (CFPB) delivered its semi-annual report to Congress: "Mr. Chairman, the semi-annual briefing by the Consumer Financial Protection Bureau is very important for us to gain insight into what the agency is doing. "As I have consistentl… Continue Reading


April 18, 2013

CRAPO STATEMENT AT BANKING HEARING TO EVALUATE FHFA

WASHINGTON - U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today delivered the following remarks during a Banking Committee hearing entitled "Oversight of Federal Housing Finance Agency: Evaluating FHFA as Regulator and Conservator." "Thank you, Mr. Chairman. "This September will mark the five-year anniversary of the Federal Housing Finance Agency (FHFA) taking Fannie Mae and Freddie Mac into conservatorship. &qu… Continue Reading


March 19, 2013

CRAPO STATEMENT AT MARKUP OF SEC, CFPB NOMINATIONS

WASHINGTON - At an Executive Session to markup the nominations of Mary Jo White to be Chairman of the Securities and Exchanges Commission (SEC) and Richard Cordray to be Director of the Consumer Financial Protection Bureau (CFPB), U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, made the following remarks: "Mr. Chairman, I believe that we had a very good hearing last week regarding the nominations. "The hearing gave t… Continue Reading

Showing page   of 21