Minority Press Releases

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


June 18, 2019

Crapo Statement at TRIA Reauthorization 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 “The Reauthorization of the Terrorism Risk Insurance Program.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we are joined by three witnesses who have evaluated and written extensively on the Terrorism Risk Insurance Program, including Mr. Tarique Nageer, Terrorism Placement and Advisory L… Continue Reading


June 11, 2019

Crapo Statement at Data Privacy 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 “Data Brokers and the Impact on Financial Data Privacy, Credit, Insurance, Employment and Housing.” The text of Chairman Crapo’s remarks, as prepared, is below.  “Providing testimony to the Committee today are experts who have researched and written extensively on big data: Dr. Alicia Cackley, Director of Financi… Continue Reading


June 5, 2019

Crapo Statement at Nomination 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 to consider the nominations of Mr. Thomas Peter Feddo, of Virginia, to be an Assistant Secretary of the Treasury for Investment Security; The Honorable Nazak Nikakhtar, of Maryland, to be Under Secretary of Commerce for Industry and Security; Mr. Ian Paul Steff, of Indiana, to be Assistant Secretary of Commerce and Direct… Continue Reading


June 4, 2019

Crapo Statement at Hearing on Confronting Threats from China

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: “Confronting Threats From China: Assessing Controls on Technology and Investment, and Measures to Combat Opioid Trafficking.” The text of Chairman Crapo’s remarks, as prepared, is below. “Today, June 4, marks the 30th anniversary of China’s brutal Communist government crackdown on unarmed, civilian protestors… Continue Reading


May 21, 2019

Crapo Statement at Hearing on Beneficial 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: “Combating Illicit Financing by Anonymous Shell Companies Through the Collection of Beneficial Ownership Information.” The text of Chairman Crapo’s remarks, as prepared, is below. “The hearing will come to order. Welcome back to our panel of witnesses from our last hearing in November. “The committee will hear… Continue Reading


May 17, 2019

Crapo Statement at Hearing with Financial Regulators

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 Financial Regulators.”   The text of Chairman Crapo’s remarks, as prepared, is below.  “Today we will receive testimony from Randy Quarles, Federal Reserve Vice Chairman for Supervision; Joseph Otting, OCC Comptroller of the Currency; Jelena McWilliams, Chairman of the FDIC; and Rodney Hood, Cha… Continue Reading


May 10, 2019

Crapo, Brown Request Information from Facebook on Data Collection

WASHINGTON - United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) have requested information from Facebook regarding how it makes data available that can be used in ways that have big implications for consumers’ financial lives. The Banking Committee has been examining approaches to data privacy, including the impact on the financial services industry and how companies collect and use information in ma… Continue Reading


May 7, 2019

Crapo Statement at Data Privacy 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: “Privacy Rights and Data Collection in a Digital Economy Hearing.” The text of Chairman Crapo’s remarks, as prepared, is below. “On February 13, Senator Brown and I invited feedback from the public on the collection, use and protection of sensitive information by financial regulators and private companies in li… Continue Reading


May 2, 2019

Crapo Statement at Hearing on Guidance and Supervision

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: “Guidance, Supervisory Expectations, and the Rule of Law: How do the Banking Agencies Regulate and Supervise Institutions?”  The text of Chairman Crapo’s remarks, as prepared, is below.  “Today, the Committee will turn its focus to guidance, supervisory expectations, the rule of law, and how banking agencies reg… Continue Reading


April 5, 2019

Crapo Statement at Hearing on the Application of Environmental, Social and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors and Other Intermediaries

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 Application of Environmental, Social, and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors, and Other Intermediaries.”The text of Chairman Crapo’s remarks, as prepared, is below. “Today’s hearing will focus on the role of asset managers, proxy advisers and retail investors … Continue Reading


March 27, 2019

Crapo Statement at Housing Finance Reform Hearing, Part Two

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 the second of two hearings on his housing finance reform outline. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, the Committee continues the conversation about the state of our housing finance system, and how we can set it on a permanent, sustainable course that protects taxpayers and fosters greater compet… Continue Reading


March 26, 2019

Crapo Statement at Housing Finance Reform Hearing, Part One

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 the first of two hearings on his housing finance reform outline. The text of Chairman Crapo’s remarks, as prepared, is below. "Today, the Committee returns its focus to the state of our housing finance system. “It has now been a full decade since the government asserted control of the government-sponsored enterprises, or GSEs, F… Continue Reading


March 14, 2019

Crapo Statement at Hearing on Financial Stability Oversight Council Nonbank Designations

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 on the Financial Stability Oversight Council’s nonbank designation process. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we welcome to the Committee three witnesses to testify on the Financial Stability Oversight Council, or FSOC, nonbank designation process: Douglas Holtz-Eakin, President of the… Continue Reading


March 12, 2019

Crapo Statement at The Consumer Financial Protection Bureau’s Semiannual 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 to receive The Consumer Financial Protection Bureau’s semiannual report to congress. The text of Chairman Crapo’s remarks, as prepared, is below. “Today, we will receive testimony from Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger on the CFPB’s most recent semiannual report. “On February 12, the C… Continue Reading


February 28, 2019

Crapo Statement at Legislative Hearing on Capital Formation and Corporate Governance

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 hearing on “Legislative Proposals on Capital Formation and Corporate Governance.”   The text of Chairman Crapo’s remarks, as prepared, is below.  “Today’s hearing will focus on a number of legislative proposals that encourage capital formation and improve corporate governance.  “It is my intent to collaborate with Senator Brown and… Continue Reading


February 26, 2019

Crapo Statement at Semiannual Monetary Policy 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 the Federal Reserve’s Semiannual Monetary Policy Report to the Congress. The text of Chairman Crapo’s remarks, as prepared, is below.  “We welcome Chairman Powell to the Committee for the Federal Reserve’s Semiannual Monetary Policy Report to Congress. “This hearing provides the Committee an opportunity to examine the current state… Continue Reading


February 14, 2019

Crapo Statement at Nomination 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 to consider the nominations of Mr. Bimal Patel, of Georgia, to be Assistant Secretary of the Treasury for Financial Institutions; Mr. Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; The Honorable Rodney Hood, of North Carolina, to be a Member of the National Credit Union Admi… Continue Reading


February 13, 2019

Crapo, Brown Invite Feedback on Data Privacy, Protection and Collection

WASHINGTON - United States Senate Committee on Banking, Housing and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) are inviting feedback from interested stakeholders on the collection, use and protection of sensitive information by financial regulators and private companies. “Given the exponential growth and use of data, and corresponding data breaches, it is worth examining how the Fair Credit Reporting Act should work in a digital economy, and whet… Continue Reading


February 1, 2019

Chairman Crapo Releases Outline for Housing Finance Reform

WASHINGTON - Today, Senate Banking Committee Chairman Mike Crapo (R-Idaho) released an outline for housing finance reform legislation.  The outline incorporates elements of many plans and principles for housing finance reform legislation that have been discussed by legislators, analysts, stakeholders and thought leaders. “We must expeditiously fix our flawed housing finance system,” said Chairman Crapo.  “My priorities are to establish stronger levels of taxpayer protection, preserve the … Continue Reading

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