Minority Press Releases

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


November 14, 2013

CRAPO STATEMENT AT JANET YELLEN NOMINATION 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 on the nomination of Janet L. Yellen to be Chairman of the Board of Governors of the Federal Reserve System: "Thank you, Mr. Chairman, for holding today's hearing on the nomination of Dr. Yellen to be the next Chair of the Federal Reserve Board. Today's hearing is an opportunity not only to e… Continue Reading


November 12, 2013

CRAPO ON CFPB 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 a Banking Committee hearing on the Consumer Financial Protection Bureau's semi-annual report to Congress: "Thank you, Mr. Chairman. "Today we will hear from Director Cordray on the Consumer Financial Protection Bureau (CFPB) Semi-Annual Report. This hearing provides an opportunity to discuss the future of the a… Continue Reading


November 7, 2013

CRAPO ON OPTIONS FOR AFFORDABLE HOUSING

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 essential elements to provide affordable options for housing: "Thank you, Mr. Chairman. "Today, we continue our important work examining essential elements of a new housing finance system. Thank you to our witnesses for appearing today to present their thoughts … Continue Reading


November 5, 2013

CRAPO ON SMALL LENDER ACCESS TO SECONDARY MORTGAGE 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 housing finance reform held to examine small lender access to the secondary market: "Thank you, Mr. Chairman. "Today, the Committee will hear about how we can protect small lenders' access to the secondary mortgage market. "It is my understanding that key issues for smal… Continue Reading


October 31, 2013

CRAPO STATEMENT AT HEARING ON A GOVERNMENT GUARANTEE FOR MORTGAGE-BACKED SECURITIES

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: Essential Elements of a Government Guarantee for Mortgage-Backed Securities:" "Thank you, Mr. Chairman. "Today's hearing is another important opportunity to discuss the role of private capital in the context of housing finance reform. "Tod… Continue Reading


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

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