Minority Press Releases
Crapo Statement at TRIA Markup
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to mark up S. 2877, the “Terrorism Risk Insurance Program Reauthorization Act of 2019.” The text of Chairman Crapo’s remarks, as prepared, is below. “The Terrorism Risk Insurance Act of 2002, or TRIA, established the Terrorism Risk Insurance Program in response to widespread unavailability of terrorism risk insurance in … Continue Reading
November 20, 2019
Banking Committee Advances Bipartisan Terrorism Risk Insurance Program Reauthorization
WASHINGTON - Today, the U.S. Senate Committee on Banking, Housing and Urban Affairs advanced S. 2877, the “Terrorism Risk Insurance Program Reauthorization Act of 2019” out of committee with unanimous support. This legislation extends the existing TRIA program for seven years while taking steps to further protect taxpayers. “The terrorist attacks on September 11, 2001 devastated U.S. citizens, households and businesses, and a lack of insurance coverage had a destabilizing effect on our… Continue Reading
November 7, 2019
Crapo Statement at Hearing on Affordable, Safe Housing Legislation
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Examining Bipartisan Bills to Promote Affordable Housing Access and Safety.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will receive testimony from leaders in the housing community on bipartisan opportunities this Congress to expand access to affordable housing, to improv… Continue Reading
October 24, 2019
Crapo Statement at Hearing on Data Ownership
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Data Ownership: Exploring Implications for Data Privacy Rights and Data Valuation.” The text of Chairman Crapo’s remarks, as prepared, is below. “We welcome to the Committee four witnesses with extensive experience and a range of perspectives on issues related to data ownership, valuation and privacy, includin… Continue Reading
October 22, 2019
Crapo Statement at Hearing on the Consolidated Audit Trail
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Oversight of the Status of the Consolidated Audit Trail.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on oversight of the status of the Consolidated Audit Trail, commonly referred to as the ‘CAT.’ “In 2010, in response to the Flash Crash and a number of other market… Continue Reading
October 17, 2019
Crapo Statement at CFPB Semi-Annual Report
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will receive testimony from CFPB Director Kathy Kraninger on the CFPB’s semiannual report. “On October 07, the CFPB issued its Spring 2019 Semiannual Report, whic… Continue Reading
October 10, 2019
Crapo Statement on Federal Reserve’s Vote to Right-Size Regulation
WASHINGTON - Today, consistent with the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), and additional efforts by the Federal Reserve, the Federal Reserve finalized the framework for applying prudential standards to institutions based on their risk profiles. Appropriately tailoring regulatory capital, stress testing, and liquidity regulations not only ensures proper behavior and safety for our markets, but makes sure that the burden on financial institutions is n… Continue Reading
September 25, 2019
Crapo Statement at Faster Payments Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Facilitating Faster Payments in the U.S.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will turn its focus to facilitating faster payments in the United States. “Faster payments are important and yield economic benefits for both consumers and businesses by providing the… Continue Reading
September 12, 2019
Crapo Statement at Hearing on International Insurance
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Developments in Global Insurance Supervisory and Regulatory Forums.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome to the Committee the three members of ‘Team USA’ representing the U.S. in international insurance supervisory and regulatory forums, including: Steven Seitz, Dire… Continue Reading
September 10, 2019
Crapo Statement at Housing Finance Reform Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Housing Finance Reform: Next Steps.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we are joined by the leading voices within the Administration on reforming and strengthening our housing finance system: the Secretary of the Treasury and the Secretary of Housing and Urban Development, bo… Continue Reading
September 5, 2019
Crapo Statement on Administration Housing Reform Plans
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued the following statement on the housing reform reports issued today by the Administration: “Earlier this year, I released a housing finance reform outline that would fix our flawed housing finance system by establishing stronger levels of taxpayer protection, preserving the 30-year fixed rate mortgage, increasing competition among mortgage guarantors an… Continue Reading
July 30, 2019
Crapo Statement at Hearing on Digital Currencies and Blockchain
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, ““Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The text of Chairman Crapo’s remarks, as prepared, is below. “Last Congress, this Committee held two hearings examining the digital currency ecosystem. “In those hearings, we heard about some of the developments that have occurred within… Continue Reading
July 23, 2019
Crapo Statement at Hearing on Cannabis Banking
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, "Challenges for Cannabis and Banking: Outside Perspectives." The text of Chairman Crapo's remarks, as prepared, is below. "Today, the Committee will hear from witnesses about the challenges that state-sanctioned businesses in the cannabis-industry have when attempting to access mainstream financial services. "Und… Continue Reading
July 18, 2019
Crapo Statement at Hearing on Export Controls
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Export Control Reform Implementation: Outside Perspectives.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. “No one can dispute that technological advances are of vital importance to United States progress and development, where progress in knowledge and innovation… Continue Reading
July 16, 2019
Crapo Statement at Facebook Hearing
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled, “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today we will receive testimony from David Marcus, Head of Calibra at Facebook. “On May 9, Senator Brown and I sent a letter to Facebook shortly after it was reported… Continue Reading
July 11, 2019
Crapo Statement at Hearing on the Semiannual Monetary Policy Report to Congress
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled "The Semiannual Monetary Policy Report to the Congress." The text of Chairman Crapo's remarks, as prepared, is below. "We welcome Chairman Powell back to the Committee for the Federal Reserve's Semi-Annual Monetary Policy Report to Congress. "In this hearing, the Banking Committee will evaluate the current state o… Continue Reading
July 9, 2019
Banking Committee Schedules Hearing on Facebook’s Cryptocurrency
WASHINGTON - The United States Senate Committee on Banking, Housing and Urban Affairs has scheduled a hearing on Facebook’s proposed digital currency and data privacy concerns. Witnesses will be announced at a later date. TUESDAY, July 16, 2019 Full Committee Hearing: “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations.” Witness: Mr. David A. Marcus, Head of Calibra, Facebook. Time and Location: 10:00 a.m. in room 216 of the Hart Senate Office Building. Due… Continue Reading
June 27, 2019
Crapo Statement at Hearing on the Reauthorization of the Export-Import Bank
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Oversight and Reauthorization of the Export-Import Bank of the United States.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee turns its focus to the Export-Import (EXIM) Bank of the United States. “Just last month, the Senate confirmed Kimberly Reed to be President and Chairm… Continue Reading
June 25, 2019
Crapo Statement at Hearing on Fannie, Freddie SIFI Designation
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Should Fannie Mae and Freddie Mac be Designated as Systemically Important Financial Institutions?” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee returns its focus once again to the state of our housing finance system. “We are quickly approaching the eleven-year mark since th… Continue Reading
June 20, 2019
Crapo Statement at Beneficial Ownership Hearing: Outside Perspectives
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing entitled “Outside Perspectives on the Collection of Beneficial Ownership Information.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee will continue its discussion of how better collection of beneficial ownership information can deter such problems as money laundering, terrorist financi… Continue Reading
