United States Senate Committee On Banking, Housing, And Urban Affairs News

Tim Scott discusses affordable housing challenges at HUD nomination hearing

In Washington, D.C., Chairman Tim Scott presided over a hearing on the nomination of Scott Turner for Secretary of the U.S. Department of Housing and Urban Development.

Senator Tim Scott outlines banking committee goals for 119th Congress

Chairman Tim Scott of South Carolina has announced the legislative and oversight priorities for the U.S. Senate Committee on Banking, Housing, and Urban Affairs for the 119th Congress.

Senator Tim Scott supports Paul Atkins for SEC chairman

U.S. Senator Tim Scott has issued a statement regarding his meeting with Paul Atkins, who has been nominated by President Trump to serve as the Chairman of the Securities and Exchange Commission (SEC).

Senator Scott criticizes CFPB's new medical debt rule

U.S. Senator Tim Scott has expressed criticism regarding the Consumer Financial Protection Bureau's (CFPB) final rule on medical debt.

Tim Scott comments on Michael Barr's resignation from Federal Reserve

U.S. Senator Tim Scott of South Carolina issued a statement regarding Michael Barr's decision to resign from his role as the Federal Reserve Board Vice Chair for Supervision.

Tim Scott becomes first Black chairman of a Senate standing committee

Today, U.S. Senator Tim Scott from South Carolina announced that he will make history as the first Black chairman of a Senate standing committee when he takes on the leadership role of the U.S. Senate Committee on Banking, Housing, and Urban...

Lawmakers seek answers on alleged China-backed cyberattack on U.S. Treasury

Ranking Member Tim Scott and House Financial Services Committee Vice Chair French Hill have expressed concerns over a cybersecurity breach at the U.S. Department of Treasury, allegedly sponsored by China.

Senators urge Federal Reserve action on private credit market risks

U.S. Senators Sherrod Brown and Jack Reed have expressed concerns over the risks associated with the expanding private credit market.

Senators urge FHFA action on renter issue reporting process

U.S. Senator Sherrod Brown, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with several other senators, has called on the Federal Housing Finance Agency (FHFA) to implement a clear process for renters and local...

Senator Sherrod Brown concludes tenure with focus on worker-centered policies

Today marked the final hearing for U.S. Senator Sherrod Brown (D-OH) as Chairman of the Senate Committee on Banking, Housing, and Urban Affairs.

Senator Brown seeks details on flood insurance funding after recent hurricanes

U.S. Senator Sherrod Brown has reached out to FEMA Administrator Deanne Criswell seeking detailed information about the National Flood Insurance Program's (NFIP) funding and resource requirements.

Senator Sherrod Brown mourns former colleague Tim Johnson

Today, U.S. Senator Sherrod Brown of Ohio expressed his condolences to the family of former Senator Tim Johnson following his passing. Johnson, who represented South Dakota, served as Chair of the Senate Banking, Housing and Urban Affairs Committee during part of Brown's tenure on the committee from 2007 to 2015.

Senator Sherrod Brown addresses increasing prevalence of scams targeting seniors

WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “Protecting Americans’ Money: Combatting Scams and Frauds Against Seniors and Savers.”

Senators urge Federal Reserve to expand bank transfer operations

U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Senators Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Tina Smith (D-MN), and John Fetterman (D-PA) have urged Federal Reserve Chair Jerome Powell to finalize a proposed rule expanding the Fed’s settlement services' operating hours to weekends and holidays. They also called for additional steps to enable 24/7/365 access.

Senator Brown comments on reopening of Huntington Buckeye-Shaker Branch in Cleveland

U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, issued a statement today regarding Huntington Bank’s decision to reopen its Buckeye-Shaker branch in Cleveland.

Senator Sherrod Brown calls for review amid rising home insurance premiums

U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, has called for a review of the home insurance market due to instability and rising premiums affecting many Americans. In letters addressed to Federal Insurance Office Director Steven Seitz and Comptroller General of the United States Gene Dodaro, Brown highlighted concerns over increasing home insurance rates, shrinking coverage, and unexpected non-renewals.

Sherrod Brown emphasizes benefits of bipartisan infrastructure investments

WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “Long-Term Economic Benefits and Impacts from Federal Infrastructure and Public Transportation Investment.”

Sherrod Brown urges thorough review of Capital One-Discover merger

WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, has urged federal banking regulators to thoroughly evaluate all aspects of the proposed merger between Capital One and Discover. In a letter to Federal Reserve Vice Chair for Supervision Michael Barr and Acting Comptroller Michael Hsu, Brown emphasized that this transaction should prioritize families, households, and businesses deserving of a fair financial system. He called on regulators to investigate how the merging banks plan to lower costs for...

Senator Brown addresses national security threats from misuse of U.S. innovations

On July 25, 2024, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “Advancing National Security through Export Controls, Investment Security, and the Defense Production.”