Minority Press Releases

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


June 4, 2014

JOHNSON STATEMENT ON CFTC CONFIRMATIONS

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the below statement on the Senate voting to confirm three U.S. Commodity Futures Trading Commission (CFTC) members: Chairman Timothy Massad, Commissioner J. Christopher Giancarlo and Commissioner Sharon Bowen. "I would like to congratulate Tim Massad, Sharon Bowen and Chris Giancarlo on being confirmed today by the Senate to serve on the Commodity Futures Trading Commission, and I am glad the CFTC once again has a ful… Continue Reading


June 3, 2014

SENATE BANKING COMMITTEE PASSES TRIA REAUTHORIZATION

Washington, DC - Today, the Senate Banking Committee approved S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, by a unanimous vote of 22-0. This bill extends the existing TRIA program for seven years while taking steps to further protect taxpayers. "I am pleased today that the Banking Committee unanimously supported this important bipartisan bill," said Johnson. "This seven year extension of TRIA will continue to help promote economic growth and provide certainty fo… Continue Reading


June 3, 2014

CHAIRMAN JOHNSON STATEMENT AT THE TRIA MARKUP

Washington, DC - Today, Chairman Tim Johnson (D-SD) held a markup on S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014. This bill extends the current TRIA program for seven years while taking steps to further protect taxpayers. Below is Chairman Johnson's Statement as Prepared for Delivery. "I call the Committee to order and move to executive session. "We will now consider S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, offered by Se… Continue Reading


May 15, 2014

SENATE BANKING COMMITTEE PASSES BIPARTISAN HOUSING FINANCE REFORM LEGISLATION

Washington, DC - Today, the Senate Banking Committee approved S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013, by a bipartisan vote of 13-9. The legislation included a bipartisan agreement drafted by Chairman Johnson and Ranking Member Crapo and is designed to stabilize the housing finance market and strengthen the American economy. It will create greater competition in the housing finance system and reduce risk to the taxpayer while ensuring affordable, fair access to al… Continue Reading


May 15, 2014

JOHNSON STATEMENT AT THE HOUSING FINANCE REFORM MARKUP

Washington, DC - Today, Chairman Tim Johnson (D-SD) resumed consideration of S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013. The legislation being marked up included a bipartisan agreement drafted by Chairman Johnson and Ranking Member Crapo and is designed to stabilize the housing finance market and strengthen the American economy. It will create greater competition in the housing finance system and reduce risk to the taxpayer while ensuring affordable, fair access to a… Continue Reading


April 29, 2014

BANKING COMMITTEE CONFIRMS KEY NOMINEES

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement on the Committee's approval of several key nominations. The Committee approved the nominations of Dr. Stanley Fischer, to be a Member and Vice Chairman of the Board of Governors of the Federal Reserve System by voice vote; The Honorable Jerome H. Powell, to be a Member of the Board of Governors of the Federal Reserve System by voice vote; The Honorable Lael Brainard, to be a Member of the Board of … Continue Reading


April 29, 2014

JOHNSON STATEMENT AT THE START OF THE HOUSING FINANCE REFORM MARKUP

Washington, DC - Today, Chairman Tim Johnson (D-SD) kicked off consideration of bipartisan Housing Finance Reform. However, at the request of some of the Members of the Committee for more time Chairman Johnson agreed to recess the markup for a short period while Members continue to work on finding additional common ground. Below is Chairman Chairman Johnson's Statement as Prepared for Delivery. "We will now move to the consideration of S. 1217, the Housing Finance Reform and Taxpayer Pro… Continue Reading


March 28, 2014

JOHNSON, CRAPO ANNOUNCE HOUSING FINANCE REFORM MARKUP

Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) announced the Committee will markup bipartisan housing finance reform on Tuesday, April 29, 2014 at 10:00 A.M. "After canvassing other Members of the Committee, we plan to schedule a markup of our bipartisan housing finance reform proposal on Tuesday, April 29th," said Chairman Johnson. "From the start, Members of the Committee have been extremely engaged on the issue and have de… Continue Reading


March 16, 2014

JOHNSON, CRAPO RELEASE HOUSING FINANCE REFORM TEXT

Washington, DC - Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) released the legislative text of the bipartisan housing finance reform agreement that they announced last Tuesday. That announcement sparked enthusiasm from the White House, Senators, Members of Congress and key stakeholders recognizing the agreement as a positive step forward in reforming our housing finance system. Chairman Johnson and Ranking Member Crapo plan to hold a committee … Continue Reading

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