News Releases
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
January 03, 2018
Crapo: Monson's life of service was powerful example
WASHINGTON- Idaho Senator Mike Crapo this morning praised the life of the late Thomas S. Monson as a powerful example of service to others. Monson, the former President of the Church of Jesus Christ of Latter-day Saints, died late Tuesday evening in Salt Lake City. "Today I join those of the LDS faith and others who mourn the passing of LDS Church President Thomas S. Monson. He was a great leader, a kind man who spent more than half a century in service to others through his responsibilities … Continue Reading
December 19, 2017
Crapo Votes to Pass Tax Cuts and Jobs Act
WASHINGTON - To grow the nation's economy and to provide a tax code that is more simple, fair and less costly to comply with for all Americans, Idaho Senator Mike Crapo, a senior member of the Senate Finance Committee, today voted in favor of the Tax Cuts and Jobs Act. "The tax reform legislation passed by Congress will produce growth not seen in generations, giving Americans access to higher wages, greater job opportunities and a more vibrant economy," said Crapo. "Idahoans in every income g… Continue Reading
December 18, 2017
Crapo Announces Military Academy Nominations
WASHINGTON, D.C. - Idaho Senator Mike Crapo today announced the nomination of 44 Idaho students to the nation's military academies. The students' applications are now being considered by four of the U.S. academies, where final selections will be made. "One of the honors of my role as Idaho's U.S. Senator is nominating distinguished students to the U.S. military service academies," said Crapo. "By pursuing higher education in one of these academies, these students demonstrate their strong comm… Continue Reading
December 12, 2017
Idaho delegation says BEA extension at Idaho National Laboratory is well-deserved
Washington, D.C. - Members of Idaho's Congressional Delegation praise the announcement by the U.S. Department of Energy to extend the operations contract of the Battelle Energy Alliance (BEA) at the Idaho National Laboratory as well-deserved reflection of their outstanding work and contributions to U.S. energy security. "I appreciate the commitment shown by DOE in announcing the contract extension for management at the Idaho National Laboratory," said Idaho Senator Mike Crapo. "As the nation'… Continue Reading
December 05, 2017
Crapo, Risch, Simpson Applaud Department of Interior's Decision On Craters of the Moon Monument
Washington, D.C. - After a nearly eight-month review of National Monument designations under the Antiquities Act, U.S. Senators Jim Risch and Mike Crapo and U.S. Representative Mike Simpson today applauded the Department of Interior's (DOI) decision to follow the delegation's recommendation to make no modifications to Craters of the Moon National Monument. "The monument review was about hearing local voices and the people of Idaho, along with Senator Risch, Senator Crapo and Congressman Simpson… Continue Reading
December 05, 2017
Banking Committee Advances the "Economic Growth, Regulatory Relief and Consumer Protection Act.”
WASHINGTON - Today, the Senate Banking Committee, led by Chairman Mike Crapo, advanced the bipartisan "Economic Growth, Regulatory Relief and Consumer Protection Act," S. 2155, with 16 committee members supporting the measure. The bill will modernize regulations in a way that makes sense for small financial institutions, benefiting consumers and encouraging economic growth. S. 2155 primarily benefits credit unions, community banks, midsize banks, smaller regional banks and custody banks. It al… Continue Reading
December 05, 2017
What They’re Saying About the “Economic Growth, Regulatory Relief and Consumer Protection Act”
WASHINGTON - Today, the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Chairman Mike Crapo (R - Idaho), will mark up S. 2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act." Co-sponsored by 10 Republican and 10 Democrat senators, this bipartisan legislation right-sizes regulation for smaller financial institutions and includes important consumer protections for veterans, senior citizens and victims of fraud. It will improve our nation's financial regula… Continue Reading
December 02, 2017
Crapo, Risch Laud Senate Passage of Tax Reform Measure
WASHINGTON- Idaho Senators Mike Crapo and Jim Risch today applauded the Senate's passage of the Tax Cuts and Jobs Act. Crapo and Risch both voted in favor of the legislation which will provide tax relief for Idaho families and all Americans. "For the first time in over three decades, Congress has finally taken an imperative step forward in reforming our tax code to allow Idaho's women and men the ability to keep more of their hard-earned money, while the bill's dramatic simplification of the t… Continue Reading
November 28, 2017
Crapo Convenes Hearing on Nomination of Jerome Powell to be Federal Reserve Chair
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 on the nomination of the Honorable Jerome H. Powell, of Maryland, to be Chairman of the Board of Governors of the Federal Reserve System. The text of Chairman Crapo's remarks, as prepared, is below. "This morning we will consider the nomination of the Honorable Jerome or 'Jay' Powell to be … Continue Reading
November 17, 2017
Crapo, Risch Introduce Economic Growth, Regulatory Relief and Consumer Protection Act
WASHINGTON - U.S. Senator Mike Crapo (R-Idaho), Chairman of the Senate Banking Committee, and Senator Jim Risch (R-Idaho), Chairman of the Small Business Committee, introduced S.2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act." This bipartisan legislation right-sizes regulation for smaller financial institutions and includes important consumer protections for veterans, senior citizens and victims of fraud. Importantly, it will improve our nation's financial regulatory f… Continue Reading
November 16, 2017
Crapo Supports Senate Tax Reform Proposal
WASHINGTON - Hailing it as a rare opportunity to provide tax relief for Idaho families, Idaho Senator Mike Crapo today voted in favor of the Tax Cuts and Jobs Act. Crapo is a senior member of the Senate Finance Committee where the legislation was debated this week. It will now go to the full Senate floor for amendment and debate. "For the first time in more than 31 years, Congress is seizing upon the rare opportunity to reform our tax code and allow Idaho's hard working women and men the abi… Continue Reading
November 13, 2017
Crapo Says Tax Reform Bill Will Benefit Low and Middle-Income Taxpayers
WASHINGTON - Saying that now is precisely the time that Congress needs to focus on dynamic opportunities for growth in our economy, Idaho Senator Mike Crapo, a senior member of the Senate Finance Committee, today said that tax reform being considered in the Senate will help middle and lower-income taxpayers. The Senate Finance Committee today began consideration of its proposed tax reform bill, the Tax Cuts and Jobs Act, providing members of the Committee an opportunity to deliver an opening st… Continue Reading
