{"database": "press", "table": "releases", "rows": [["https://www.brown.senate.gov/newsroom/press/release/brown-waters-and-meeks-lead-house-and-senate-committee-democrats-in-letter-to-regulators-on-proposed-cra-changes", "Brown, Waters, and Meeks Lead House and Senate Committee Democrats in Letter to Regulators on Proposed CRA Changes", "2019-12-11", "2019", "2019-12", "Democrat", "House", "OH", "Sherrod Brown", "B000944", "www.brown.senate.gov", null, null, "legacy", "Wednesday, December 11, 2019\n            \n\t\n\t\t\t\n\t\t\tWASHINGTON -- Today, Senator Sherrod Brown (D-OH), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congressman Gregory Meeks (D-NY), Chairman of the House Subcommittee on Consumer Protection and Financial Institutions, led a letter to Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve System, Joseph M. Otting, Comptroller of the Currency, and Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation, demanding that regulators provide the public, Members of Congress, and all interested parties with adequate time to thoroughly review and offer input on proposed changes to the framework of the Community Reinvestment Act (CRA). The letter was signed by every Democratic Member of the House Financial Services Committee and Senate Committee on Banking, Housing and Urban Affairs.\r\nThe CRA is a critical tool to combat redlining, a practice that still exists by which banks discriminate against prospective customers based primarily on where they lived, or their racial or ethnic background, rather than creditworthiness, the lawmakers wrote. Many of us have shared our views and concerns with you regarding your proposed changes to implementation of the CRA. Based on your past responses and statements, as well as the feedback we have received from interested stakeholders, we remain extremely concerned about the direction any proposed rule is likely to take and efforts to arbitrarily rush to finalize a rule in the near future.\r\nSee the full text of the letter below.\r\nThe Honorable Jerome H. Powell\r\nChairman\r\nBoard of Governors of the Federal Reserve System\r\n20th Street & Constitution Avenue, NW\r\nWashington DC 20219 The Honorable Joseph M. Otting\r\nComptroller\r\nOffice of the Comptroller of the Currency\r\n400 7th Street SW\r\nWashington, DC 20551 The Honorable Jelena McWilliams\r\nChairman\r\nFederal Deposit Insurance Corporation\r\n550 17th Street, NW\r\nWashington, DC 20429\r\nDear Chairman Powell, Comptroller Otting, and Chairman McWilliams:\r\nWe are writing regarding recent testimony and news that one or more of your agencies may soon issue a proposed rule to revise regulations implementing the Community Reinvestment Act (CRA).[1] As you know, the law directs your agencies to hold banks accountable in fulfilling their continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered.[2] The CRA is a critical tool to combat redlining, a practice that still exists by which banks discriminate against prospective customers based primarily on where they live, or their racial or ethnic background, rather than creditworthiness.[3]\r\nMany of us have shared our views and concerns with you regarding your proposed changes to implementation of the CRA. Based on your past responses and statements, as well as the feedback we have received from interested stakeholders, we remain extremely concerned about the direction any proposed rule is likely to take and efforts to arbitrarily rush to finalize a rule in the near future.\r\nTo the extent one or more of your agencies decides to proceed with a proposed rule, we request that you provide a public comment period of no less than 120 days for substantive review and comment on the proposal. Given the complexity of this rulemaking and the impact of the CRA, particularly within communities of color and for those who have been historically underserved by our financial system, it is essential that your agencies provide adequate time for thorough review by all interested parties.\r\nWe look forward to your prompt attention to this request.\r\nSincerely,\r\nRep. Maxine Waters\r\nSenator Sherrod Brown\r\nRep. Gregory W. Meeks\r\nSenator Jack Reed\r\nSenator Robert Menendez\r\nSenator Jon Tester\r\nSenator Mark R. Warner\r\nSenator Elizabeth Warren\r\nSenator Brian Schatz\r\nSenator Chris Van Hollen\r\nSenator Catherine Cortez Masto\r\nSenator Doug Jones\r\nSenator Tina Smith\r\nSenator Kyrsten Sinema\r\nRep. Carolyn B. Maloney\r\nRep. Nydia M. Velzquez\r\nRep. Brad Sherman\r\nRep. Wm. Lacy Clay\r\nRep. David Scott\r\nRep. Al Green\r\nRep. Emanuel Cleaver\r\nRep. Ed Perlmutter\r\nRep. Jim A. Himes\r\nRep. Bill Foster\r\nRep. Joyce Beatty\r\nRep. Denny Heck\r\nRep. Juan Vargas\r\nRep. Josh Gottheimer\r\nRep. Vicente Gonzalez\r\nRep. Al Lawson\r\nRep. Michael San Nicolas\r\nRep. Rashida Tlaib\r\nRep. Katie Porter\r\nRep. Cindy Axne\r\nRep. Sean Casten\r\nRep. Ayanna Pressley\r\nRep. Ben McAdams\r\nRep. Alexandria Ocasio-Cortez\r\nRep. Jennifer Wexton\r\nRep. Stephen F. Lynch\r\nRep. Tulsi Gabbard\r\nRep. Alma Adams\r\nRep. Madeleine Dean\r\nRep. Jess Chuy Garca\r\nRep. Sylvia Garcia\r\nRep. Dean Phillips\r\ncc: The Honorable Kathy Kraninger, Director, Consumer Financial Protection Bureau\r\nThe Honorable Martin Gruenberg, Board Member, Federal Deposit Insurance Corporation\r\nThe Honorable Richard Clarida, Vice Chair, Board of Governors of the Federal Reserve System\r\nThe Honorable Randal Quarles, Vice Chair for Supervision, Board of Governors of the Federal Reserve System\r\nThe Honorable Lael Brainard, Governors, Board of Governors of the Federal Reserve System\r\nThe Honorable Michelle Bowman, Governors, Board of Governors of the Federal Reserve System", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.brown.senate.gov/newsroom/press/release/brown-waters-and-meeks-lead-house-and-senate-committee-democrats-in-letter-to-regulators-on-proposed-cra-changes"], "units": {}, "query_ms": 1.854486996307969, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}