News Releases
Crapo Convenes Hearing on the Consumer Finance Protection Bureau
Senator Mike Crapo, Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at the Consumer Financial Protection Bureau's Semi-Annual Report to Congress. The text of Chairman Crapo's remarks, as prepared, is below. "Today, we will hear from CFPB Acting Director Mick Mulvaney on the most recent Semi-Annual Report of the Consumer Financial Protection Bureau, and the Bureau's activities since his appointment in November 2017. "On April 2nd,… Continue Reading
March 23, 2018
Crapo Announces Additional Unincorporated Town Meetings
WASHINGTON - During the March state work period, Idaho Senator Mike Crapo, Chairman of the Senate Banking, Housing and Urban Affairs Committee, will host a series of town meetings around Southeast Idaho. In February, Crapo hosted meetings in Gardena, Sweet, and Ola. After holding more than 200 town meeting in all of Idaho's incorporated cities between 2014-2016, Crapo is now embarking on hosting town meetings in Idaho's unincorporated cities and communities. Details of Crapo's events follow. N… Continue Reading
March 21, 2018
Bipartisan Senate, House Efforts Secure Fire Funding Provisions in Government Funding Bill
WASHINGTON - Federal agencies struggling to combat record-breaking wildfires using current budgeting guidelines will receive relief thanks to a provision in a government funding bill introduced this evening. Securing this legislative proposal is the result of bipartisan, bicameral efforts undertaken by Senators Mike Crapo (R-Idaho), Ron Wyden (D-Oregon), Jim Risch (R-Idaho), Jeff Merkley (D-Oregon) and Idaho Congressmen Mike Simpson (R-Idaho-2) and Kurt Schrader (D-OR-5) in response to concern… Continue Reading
March 21, 2018
Crapo Supports Legislation to Strengthen Enforcement Against Facilitators of Sex Trafficking
WASHINGTON, D.C. - Idaho Senator Mike Crapo, who has served as the lead Republican sponsor of the Violence Against Women Act (VAWA), today reiterated his support for justice for trafficking victims and voted in favor of H.R. 1865, the Stop Enabling Sex Traffickers Act (SESTA), which passed in the Senate on a 97-2 vote. "Human trafficking, foreign or domestic, is an abhorrent practice that should not be tolerated," said Crapo. "Too many children and women are still being victimized by the preda… Continue Reading
March 20, 2018
Crapo Highlights Idaho's Successful Model for Aiding Victims of Domestic Violence
WASHINGTON - Highlighting how Idaho consolidates services to meet the needs of domestic violence victims, Idaho Senator Mike Crapo today questioned Katharine Sullivan, Principal Director of the U.S. Department of Justice Office of Violence Against Women (OVW) about how the agency can follow Idaho's model and help states and other local agencies across the nation bring under one roof the services and support needed to assist victims of domestic violence. A member of the Senate Judiciary Committe… Continue Reading
March 14, 2018
Senate Passes Crapo’s Economic Growth, Regulatory Relief and Consumer Protection Act
WASHINGTON - Today, the United States Senate, under the leadership of Idaho Senator Mike Crapo, Chairman of the Senate Banking Committee, passed the most significant piece of regulatory reform legislation for community financial institutions in nearly a decade. Crapo's Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) passed the Senate by a strong, bipartisan vote of 67 to 31. Before the final vote on passage, Chairman Crapo remarked that America was about to witness a "… Continue Reading
March 13, 2018
Crapo, Tester Hold Health Net Accountable for 'Poor Performance'
(U.S. Senate) - U.S. Senators Mike Crapo (R-Idaho) and Jon Tester (D-Mont.) are leading a group of bipartisan Senators to demand the VA take action to hold Health Net, the contractor that helps run the Choice Program, accountable for its "frustrating and completely avoidable" customer service problems and late payments to community providers. Following years of Health Net's poor performance and empty promises to improve its customer service, the Senators wrote to VA Secretary David Shulkin to … Continue Reading
March 12, 2018
Video - Crapo Reform Bill Eases Regulatory Burden on Small Banks & Community Credit Unions
WASHINGTON - Idaho Senator Mike Crapo, Chairman of the Senate Banking Committee, is leading a bipartisan effort to right-size regulations for small and community financial institutions in Idaho and across the nation. The Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) will allow Main Street financial institutions to better serve the needs of customers and businesses within the community, rather than comply with unnecessary, overly burdensome regulations. The bill also ma… Continue Reading
March 08, 2018
Crapo: Regulatory Burden Directly Impacts Our States
WASHINGTON - This week, Senator Crapo has been highlighting the benefits of his Economic Growth, Regulatory Relief and Consumer Protection Act, S. 2155. After joining with colleagues from the Senate Banking Committee to discuss the legislation, Senator Crapo returned to the Senate Floor to talk about the regulatory burden on small institutions and how his regulatory relief bill can help. In July 20, 2016, the American Action Forum attempted to estimate the number of paperwork hours and final c… Continue Reading
March 08, 2018
Crapo, Risch Welcome Idaho Delegates For U.S. Senate Youth Program
Washington, D.C. - Idaho Senators Mike Crapo and Jim Risch Wednesday welcomed Idaho's delegates to the 56th annual United States Senate Youth Program (USSYP) that will be held March 3-10, 2018, in Washington, D.C. Patricia Swenson of Jerome and Keegan Wolfe of Saint Anthony were chosen from students across Idaho to be part of the 104 student delegation who will attend the program's annual Washington Week. Patricia Swenson currently attends Jerome High School where she has served in student go… Continue Reading
March 07, 2018
Senator Crapo Discusses Regulatory Relief Bill on Fox Business
WASHINGTON - Idaho Senator Mike Crapo, Chairman of the Senate Banking, Housing, and Urban Affairs Committee spoke with Charles Payne on Fox Business's Making Money about Dodd-Frank's impact on Idaho's Main Street financial institutions, and how his legislation can alleviate some of the regulatory burden so that they can better serve their communities. Click here to watch or click the image above. "There haven't been any startup community banks all year. We're losing community banks at a r… Continue Reading
March 07, 2018
Crapo, Risch Support Measure to Improve Nuclear Research, Drive Innovation
Washington, D.C. - Bipartisan legislation led by Sens. Mike Crapo (R-Idaho) and Sheldon Whitehouse (D-Rhode Island) and cosponsored by Sen. Risch, cleared the Senate today by voice vote. The measure, S.97, known as the Nuclear Energy Innovation Capabilities Act, (NEICA), would create partnerships between private-sector innovators in nuclear energy with government researchers to create the next generation of clean, advanced nuclear power. The measure would direct the U.S. Department of Energy… Continue Reading
March 07, 2018
Crapo Speaks on Senate Floor about Bipartisan Regulatory Relief Package
Idaho Senator Mike Crapo, Chairman of the Senate Banking Committee, joined several of his colleagues from the Committee to discuss his bill, the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), which is being debated on the Senate Floor this week. Each of the senators highlighted why this bill is important for their states, sharing stories about access to capital, the benefits of relationship banking, Dodd-Frank's unintended consequences, and consumer protection, among o… Continue Reading
March 01, 2018
Crapo Statement at Monetary Policy Hearing
U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a full committee hearing on the Semiannual Monetary Policy Report to the Congress with Federal Reserve Chairman Jerome Powell. The text of Chairman Crapo's remarks, as prepared, is below. "Welcome, Chairman Powell, for your first appearance before this committee as Chairman of the Federal Reserve Board of Governors, and congratu… Continue Reading
February 26, 2018
Idaho Delegation Announces 2018 Military Service Academy Information Days
The Idaho Congressional Delegation today announced its 2018 Service Academy Days across Idaho. Each Service Academy Day session offers students, parents, and counselors the opportunity to meet with liaisons, cadets, and midshipmen from each of the nation's respective service academies and provides an opportunity for questions. Staff from Idaho's four Congressional delegation offices will be on hand to answer questions about the application process for students who are seeking a nomination to o… Continue Reading
February 14, 2018
Crapo to address legislature, hold town meetings week of February 19
WASHINGTON - During the February state work period, Idaho Senator Mike Crapo, Chairman of the Senate Banking, Housing and Urban Affairs Committee, will address both chambers of the Idaho State legislature and host three town meetings in unincorporated Idaho communities. A former member of the Idaho State Senate, Crapo previously represented Bonneville County (District 32) during which he served as assistant majority leader and later as Senate President Pro-Tempore. In addition to his remarks … Continue Reading
February 06, 2018
Crapo Convenes Hearing on Virtual Currencies
Idaho Senator Mike Crapo, Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a full committee hearing entitled "Virtual Currencies: The Oversight Role of the SEC and CFTC." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, we will receive testimony from SEC Chairman Jay Clayton and CFTC Chairman Chris Giancarlo on the growing world of virtual currencies and the oversight conducted by the… Continue Reading
January 30, 2018
Crapo: President Outlined Ambitious Agenda to Move Nation Forward
WASHINGTON -Idaho Senator Mike Crapo, Chairman of the Senate Banking, Housing, and Urban Affairs Committee, and a senior member of the Senate Finance Committee reacted to the policy proposals outlined in President Trump's first State of the Union address: "This evening, the President outlined an optimistic and ambitious agenda. It will build on the momentum of the tax reform measure passed by Congress in December, which is already providing relief for all taxpayers, with the greatest relief go… Continue Reading
January 17, 2018
Crapo Convenes Hearing on Reforming and Strengthening Bank Secrecy Act Enforcement
Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a full committee hearing entitled "Combating Money Laundering and Other Forms of Illicit Finance: Administration Perspectives on Reforming and Strengthening BSA Enforcement." The text of Chairman Crapo's remarks, as prepared, is below. "This morning, the Committee will receive testimony from Treasury and Justice Department witnesses … Continue Reading
January 09, 2018
Crapo Leads Hearing on Money Laundering and Illicit Finance
Crapo Statement at Money Laundering Hearing WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the United States Senate Committee on Banking, Housing and Urban Affairs, today delivered the following remarks during a full committee hearing entitled "Combating Money Laundering and Other Forms of Illicit Finance: Opportunities to Reform and Strengthen BSA Enforcement." The text of Chairman Crapo's remarks, as prepared, is below. "Today's hearing is the first of two currently planned … Continue Reading
