Crapo Announces Committee Assignments for the 116th Congress
Senator again elected to Chair the Banking, Housing and Urban Affairs Committee
Washington, D.C. – As the newly-reelected Chairman of the Senate Banking, Housing and Urban Affairs Committee, Idaho Senator Mike Crapo will maintain the bipartisan push he began in the previous Congress into the 116th Congress. As head of the Committee, Crapo will play a crucial role in ensuring Idahoans can bank with confidence, protect their investments for retirement and other purposes, maintain access to financial services and products, and prevent unwarranted data collection by both government and non-government entities. Crapo will also take a strong stance on moving legislation that will prevent consumer fraud and identity theft, and reducing regulations that slow economic growth.
Crapo was elected as Chairman by his Republican colleagues on the Committee and the appointment was confirmed by the full Senate.
"In the 115th Congress, we ushered dozens of bills through the Committee and into law, from legislation to right-size regulation for Main Street financial institutions and encourage economic growth, to laws that will hold foreign countries accountable and protect our national security interests,” said Chairman Crapo. “We also exercised important oversight of the financial sector and confirmed qualified nominees for positions to govern our nation’s fiscal systems. I thank my colleagues for their trust to again lead this important Committee in the new Congress, and look forward to working with members on both sides of the aisle to deliver further results for our country and all of Idaho’s communities.”
The Banking Committee has broad jurisdiction over matters regarding financial services, capital markets, mortgages, urban development, transit, international sanctions, and reviewing foreign investment activity.
In addition to chairing the Banking, Housing and Urban Affairs Committee, Crapo will remain a member of the Finance, Judiciary, and Budget Committees, each of which promotes pro-growth economic policies and prioritizes constitutional principles.
The Finance Committee is considered one of the most powerful committees in Congress because of its wide-reaching range of jurisdiction, including the federal tax code, revenue generation, foreign trade and social and health care service programs.
Senator Crapo will serve his second term on the Judiciary Committee, which is responsible for nominations to the Supreme Court and other federal judgeships, including the Ninth Circuit Court of Appeals, which has oversight of Idaho. Additionally, it conducts oversight and related legislative activities over the U.S. Department of Justice and Homeland Security and associated agencies, including the Federal Bureau of Investigations (FBI).
As a member of the Budget Committee, Senator Crapo will again work to develop a budget framework for congressional action on spending, revenue and the debt-limit.
Senator Crapo will also continue to serve as the Chief Deputy Whip among Senate Republicans, a leadership position that assists Senate Republican Whip John Thune (R-SD) in the primary legislative messaging role among his peers for the 116th Congress.
“I look forward to advancing bipartisan solutions that will benefit Idahoans and the American people,” said Crapo.
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