Minority Press Releases

April 5, 2016

Sen. Brown Opening Statement at Banking Committee's Hearing on Consumer Finance Regulation

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing entitled, "Assessing the Effects of Consumer Finance Regulations." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening StatementHearing: "Assessing the Effects of Consumer Finance Regulations"April 5, 2016 Thank you, Chairman Shelby for holdi… Continue Reading


March 15, 2016

Sen. Brown Opening Statement at Banking Committee's Hearing on SEC, U.S. Mint Nominations

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing on the nominations of Lisa M. Fairfax to be a Member of the Securities and Exchange Commission, Hester M. Peirce to be a Member of the Securities and Exchange Commission, and Matthew Rhett Jeppson to be Director of the U.S. Mint. Brown's remarks, as prepared for delivery, fo… Continue Reading


March 15, 2016

Senate Banking Committee’s Stalling on Nominations Unprecedented Since 2001

The Senate Banking Committee has acted on just one of the 19 nominees it has received since the start of 2015, a record of obstruction that is unparalleled over the last 15 years. The following spreadsheets show actions on Banking Committee nominees since 2001. The tables list the names, positions, and agencies for each nominee, as well as the status of the nominations at each stage of the confirmation process, according to the Legislative Information Service. Status of Banking Committee Nomin… Continue Reading


March 10, 2016

Brown Statement on Banking Committee's Approval of Treasury Nominee for Counterterrorism Post

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the committee approved Adam J. Szubin's nomination to be the U.S. Treasury Department's Under Secretary for Terrorism and Financial Crimes. Szubin's nomination now goes to the full Senate for a confirmation vote. "Adam Szubin has proven to be a tough and effective enforcer of U.S. sanctions and terrorism financing laws ag… Continue Reading


February 22, 2016

Banking Committee Democrats Urge Chairman Shelby to Clear Nominations Backlog

WASHINGTON, D.C. - Democrats on the U.S. Senate Committee on Banking, Housing, and Urban Affairs today urged Chairman Richard Shelby to stop obstructing President Obama's nominees for critical Administration positions related to financial oversight, national security, export financing, and public transportation safety. In a letter to Chairman Shelby (R-AL), all 10 of the panel's Democrats expressed concern that the Banking Committee has not yet voted on any of the President's nominees in this Co… Continue Reading


February 11, 2016

Sen. Brown's Opening Statement at Banking Committee's Hearing on Semiannual Monetary Policy Report

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing titled, "The Semiannual Monetary Policy Report to the Congress." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement:Hearing on "The Semiannual Monetary Policy Report to the Congress" Feb. 11, 2016 Thank you, Chairman Shelby. I… Continue Reading


February 4, 2016

Brown Urges Fed to Curb Big Banks' Commodity Trading

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today called on the Federal Reserve to propose rules to address the risks posed by Wall Street banks' involvement in physical commodities. In a letter to Federal Reserve Chair Janet Yellen, Brown said the Federal Reserve's Board of Governors has so far "failed" to fulfill its commitment to impose new rules to rein in banks' trading of physical commodities and … Continue Reading


January 21, 2016

Brown Commends Extension of Exam Cycles for Small Banks

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today commended federal regulators for taking swift action to reduce the regulatory burden for small banks. The new rule allows well-managed banks with up to $1 billion in assets to qualify for an on-site exam cycle of 18 rather than 12 months. The previous threshold was $500 million. The provision was one of several bipartisan measures included in last year's… Continue Reading


January 12, 2016

Brown Praises Defeat of Bid to Undermine the Federal Reserve's Independence and Inject Politics into Monetary Policy

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today praised the Senate's action to defeat an attempt to politicize the Federal Reserve's monetary policy deliberations. While the Government Accountability Office, a nonpartisan and independent agency, is required to conduct regular and appropriate audits of the Fed's activities, narrow exceptions were crafted to shield the Fed from political interference in … Continue Reading


January 11, 2016

Brown: Partisan Stalling on Export-Import Bank Board Threatens U.S. Jobs

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today urged his Republican colleagues to restore the full authority of the U.S. Export-Import Bank's board of directors. Today, Patricia M. Loui-Schmicker, a Democrat who was nominated in March of 2015, withdrew her nomination to a second term on the Ex-Im board. President Obama nominated Mark McWatters, a Republican, to another seat on the bank's board. With t… Continue Reading


October 22, 2015

Top Committee Democrats Oppose Bid to Gut Wall Street Reform Via Funding Bills

Sen. Brown, Rep. Waters Urge Congress to Reject Policy Riders Aimed at Weakening Financial and Consumer Protections WASHINGTON, D.C. - The leading Democrats on the Senate Banking and House Financial Services Committees today voiced their strong objections to Republican efforts to use must-pass government funding legislation to repeal, undermine, or delay financial reforms and consumer protections. In a letter to Congressional leaders, Sen. Sherrod Brown (D-OH) and Rep. Maxine Waters (D-CA) sai… Continue Reading


October 1, 2015

Brown Opening Statement at Markup of Bill to End Crude Oil Export Ban

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's markup of legislation that would lift the ban on U.S. exports of crude oil. Brown's remarks, as prepared for delivery, follow. Sen. Sherrod Brown - Opening Statement Markup of Bill to Lift Crude Oil Export Ban Oct. 1, 2015 Thank you, Mr. Chairman. Today we'll act on a bill to… Continue Reading


September 29, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on FDIC, Treasury Nominations

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing on the nominations of Adewale Adeyemo to be an Assistant Secretary for International Markets and Development, U.S. Department of the Treasury; Amias Moore Gerety to be an Assistant Secretary for Financial Institutions, U.S. Department of the Treasury; and Jay Neal Lerner to b… Continue Reading


September 17, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on Treasury Nominee for Counterterrorism Post

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing on the nomination of Adam J. Szubin to be Under Secretary for Terrorism and Financial Crimes, U.S. Department of the Treasury. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Nomination Hearing: "Adam J. Szubin to be Under Secr… Continue Reading


August 5, 2015

Brown Applauds SEC Approval of CEO Pay-Ratio Disclosure

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement today after the Securities and Exchange Commission approved a final rule requiring publicly-traded companies to disclose the pay gap between chief executives and their workers. The rule was mandated by the Dodd-Frank Wall Street Reform Act of 2010. "For decades, CEOs' pay packages have soared to astronomical heights while the a… Continue Reading


August 5, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on the Implications of Sanctions Relief Under the Iran Agreement

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing titled, "The Implications of Sanctions Relief Under the Iran Agreement." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The Implications of Sanctions Relief Under the Iran Agreement" August 5, 2015 Thank you, Mr. … Continue Reading


July 28, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on Lifting the Crude Oil Export Ban

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing titled, "Lifting the Crude Oil Export Ban." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Lifting the Crude Oil Export Ban" July 28, 2015 Thank you, Mr. Chairman, for holding today's hearing, and to Senator Murkow… Continue Reading


July 23, 2015

Brown Restores Millions for Transit Funding in Transportation Bill

WASHINGTON, D.C. - As the Senate debates a transportation bill this week, U.S. Sen. Sherrod Brown (D-OH) led a successful push to restore funding to public transportation, quadrupling new spending from what was first proposed. In its original form, the transportation bill would have steered $3.2 billion in new revenue to roads and $200 million to transit, shortchanging Ohio commuters who depend on public transportation. Brown rallied Senate Democrats to urge the Republican majority to increase … Continue Reading


July 23, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on U.S. Bank Holding Companies

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following opening statement, as prepared for delivery, at today's hearing titled, "Measuring the Systemic Importance of U.S. Bank Holding Companies." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Measuring the Systemic Importance of U.S. Bank Holding Companies" July 23, 2015 Thank you, … Continue Reading


July 20, 2015

Brown Statement on Nomination of Kathryn M. Dominguez to Board of Governors of the Federal Reserve System

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today released the following statement after President Obama announced his intention to nominate Dr. Kathryn M. Dominguez to the Board of Governors of the Federal Reserve System. "Dr. Dominguez has a distinguished academic record. I look forward to hearing her views on how the Federal Reserve can continue to maintain and strengthen the policies that have stabi… Continue Reading

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