Minority Press Releases

November 19, 2014

BANKING COMMITTEE APPROVES TWO NOMINEES

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Committee's approval of two nominations. The Committee approved the nominations of Ms. Lourdes Maria Castro Ramirez, of California, to be an Assistant Secretary of Housing and Urban Development by voice vote; and Ms. Therese W. McMillan, of California, to be the Federal Transit Administrator at the U.S. Department of Transportation by voice vote. "Ms. Ramirez has the understanding and e… Continue Reading


November 19, 2014

JOHNSON HOLDS FHFA OVERSIGHT HEARING

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a Federal Housing Finance Agency (FHFA) hearing titled "The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Welcome back to the Committee, Director Watt. Since this is likely my last hearing regarding the GSEs, I would like to urge my colleagues to continue our … Continue Reading


November 13, 2014

JOHNSON HOLDS CONFIRMATION HEARING

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a confirmation hearing to consider the nominations of Ms. Lourdes Maria Castro Ramirez, of California, to be an Assistant Secretary of Housing and Urban Development; and Ms. Therese W. McMillan, of California, to be Federal Transit Administrator, U.S. Department of Transportation. Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Today we consider the nominations of … Continue Reading


November 3, 2014

Johnson, Crapo Seek Information on SEC Electronic Filing Disparities

Senate Committee on Banking, Housing, and Urban Affairs For Immediate Release Monday, November 3, 2014 Contact: Chris Kelly (Johnson) 202-224-7391 Mandi Critchfield (Crapo) 202-224-1576 Johnson, Crapo Seek Information on SEC Electronic Filing Disparities WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) sent a letter to U.S. Securities and Exchange Commission (SEC) Chair Mary Jo White to express concern over reports that co… Continue Reading


October 21, 2014

Johnson, Crapo Seek Information on Cybersecurity

Senate Committee on Banking, Housing, and Urban Affairs For Immediate Release Tuesday, October 21, 2014 Contact: Chris Kelly (Johnson) 202-224-7391 Mandi Critchfield (Crapo) 202-224-1576 Johnson, Crapo Seek Information on Cybersecurity Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) sent a letter to federal financial regulators and the Treasury Department highlighting the threat cyberattacks pose to our financial sy… Continue Reading


September 18, 2014

JOHNSON HOLDS HEARING ON CONSUMER PROTECTIONS

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Assessing and Enhancing Protections in Consumer Financial Services." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Six years ago this week, the collapse of Lehman Brothers sparked a financial panic more severe than most of us have seen in our lifetimes. The crisis exposed many failures in the financial system, including a failure to adequately p… Continue Reading


September 16, 2014

JOHNSON HOLDS HEARING ON SMALL DEPOSITORY INSTITUTIONS

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Examining the State of Small Depository Institutions." Below is Chairman Johnson's statement as prepared for delivery: "Good Morning. I call this hearing to order. "Today, we have two thoughtful panels that will help us explore the current state of our nation's small depository institutions. "For many years, it has been a priority of mine to support efforts that tailor supervision and … Continue Reading


September 9, 2014

JOHNSON HOLDS WALL STREET REFORM HEARING

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Wall Street Reform: Assessing and Enhancing the Financial Regulatory System." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. Today I welcome back the financial regulators for another one of our many Wall Street Reform oversight hearings in this Committee since the enactment of the law. You all have been busy over August as you continued to make p… Continue Reading


September 8, 2014

CBO SCORES BIPARTISAN HOUSING FINANCE REFORM LEGISLATION

Washington, DC - Last week, the Congressional Budget Office (CBO) released a score for S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013, which estimates a cost savings to the government of $60 billion over a ten-year period. This legislation, drafted by Chairman Johnson and Ranking Member Crapo to stabilize the housing finance market and strengthen the economy, passed the Senate Banking Committee in May. "After the housing crisis we experienced, it is clear that our ho… Continue Reading


July 31, 2014

JOHNSON ON INTRODUCTION OF EX-IM REATHORIZATION

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) today released the following statement on the introduction of the Export-Import Bank Reauthorization. Yesterday evening, Chairman Johnson along with Senators Joe Manchin (D-WV), Mark Kirk (R-IL), Roy Blunt (R-MO), Joe Donnelly (D-IN), Mark Warner (D-VA), Maria Cantwell (D-WA), and Tim Kaine (D-VA) introduced a 5-year reauthorization of the Bank. "As Chairman of the Banking Committee, I am proud to have come together with a bip… Continue Reading


July 31, 2014

JOHNSON HOLDS HEARING ON FINANCIAL PRODUCTS FOR STUDENTS

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "Financial Products for Students: Issues and Challenges." Below is Chairman Johnson's statement as prepared for delivery: "Good morning. I call this hearing to order. "Financial institutions play a role in higher education in many ways, from private student loans to student loan servicing, debt collection, and campus banking. Student loan debt is currently $1.2 trillion and continues to be … Continue Reading


July 17, 2014

BANKING COMMITTEE LEADERS LAUD SENATE TRIA PASSAGE

Washington, DC - Today, the United States Senate approved S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014 (TRIA), by a strong bipartisan vote of 93-4. This bill extends the existing TRIA program for seven years while taking steps to further protect taxpayers. "I am pleased that my colleagues on both sides of the aisle in the Senate came together today to pass this critical, bipartisan reauthorization, which passed out of the Banking Committee unanimously," said Sena… Continue Reading


July 15, 2014

JOHNSON STATEMENT AT MONETARY POLICY HEARING

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Federal Reserve's Semiannual Monetary Policy Report to Congress. Below is Chairman Johnson's statement as prepared for delivery: "This morning we welcome Chair Yellen back to the Committee for testimony on the Federal Reserve's Semiannual Monetary Policy Report to the Congress. Since Chair Yellen was last before the Committee, Stanley Fischer, Lael Brainard and Jerome Powell were confirmed by t… Continue Reading


July 9, 2014

JOHNSON HOLDS EQUITY MARKET STRUCTURE HEARING

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "The Role of Regulation in Shaping Equity Market Structure and Electronic Trading." Below is Chairman Johnson's statement as prepared for delivery: "Good morning. Today the Committee will examine equity market structure. It is a complicated topic, and a whole new vocabulary is needed to understand market structure and electronic trading. Words like: dark pool, high-frequency trading, and data f… Continue Reading


June 25, 2014

JOHNSON HOLDS HEARING ON FINANCIAL STABILITY REPORT

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "The Financial Stability Oversight Council Annual Report to Congress." Below is Chairman Johnson's statement as prepared for delivery: "Good morning. I call this hearing to order. "Today we welcome Secretary of the Treasury Jack Lew back to the Committee for his testimony on the 2014 Financial Stability Oversight Council Annual Report to Congress. FSOC has played a critical role in coordina… Continue Reading


June 19, 2014

JOHNSON CONGRATULATES NEWLY CONFIRMED NCUA BOARD MEMBER

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Mr. Mark McWatters to serve as a Member of the National Credit Union Administration (NCUA) Board. "I congratulate Mark on being confirmed by the U.S. Senate. His legal background and experience in the financial services industry will serve him well on the NCUA board, and I look forward to working with him. I would also like to thank outgoing Board Member Michael Fr… Continue Reading


June 19, 2014

JOHNSON CONGRATULATES GUSTAVO VELASQUEZ AGUILAR

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Mr. Gustavo Velasquez Aguilar to be the Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development (HUD). "Mr. Velasquez is a well-qualified nominee to serve at the helm of HUD's Office of Fair Housing and Equal Opportunity, and I congratulate him on being confirmed. His direct experience in leading a fair hou… Continue Reading


June 17, 2014

JOHNSON HOLDS CONFIRMATION HEARING

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a confirmation hearing for Mayor Julián Castro, to be Secretary of the Department of Housing and Urban Development, and Ms. Laura Wertheimer, to be Inspector General of the Federal Housing Finance Agency. Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. "Today we consider the nominations of Mayor Julián Castro, to be Secretary of the Department of … Continue Reading


June 12, 2014

JOHNSON CONGRATULATES FISCHER, POWELL AND BRAINARD

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Senate confirmation of Dr. Stanley Fischer, Vice Chairman of the Federal Reserve; and the Honorable Jerome H. Powell and the Honorable Lael Brainard, Members of the Federal Reserve. "I would like to congratulate Stan Fischer, Jerome Powell, and Lael Brainard on being confirmed. Each of these individuals has a unique set of skills and experience to provide the Board of Governors a diverse… Continue Reading


June 10, 2014

JOHNSON ON CFPB’S SEMI-ANNUAL REPORT TO CONGRESS

WASHINGTON - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress." Below is Chairman Johnson's statement as prepared for delivery: "I call this hearing to order. "Director Cordray, welcome back to the committee. Today, we continue our regular oversight of the CFPB. In the three years since the CFPB opened its doors, it has had a noticeable impact on nearly every aspect of the cons… Continue Reading

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