Bank executives who take on too much risk and crash their banks because of their own hubris and greed should not get to ride off into the sunset with their ill-gotten gains.

The lessons, I think, are clear. Regulators need to strengthen bank oversight, and Congress must reinstate stronger rules.

We need to strengthen our financial watchdogs' ability to impose fines, ban bad actors from the banking industry, and claw back compensation.

SVB, Signature Bank, and First Republic all lobbied Congress to weaken the guardrails, preventing them from making risky bets with depositors' money.

There is kind of a tale of two pandemics here, with 250 people a day still dying.

Yes, I think that is a very important signal because it is a tale of two pandemics.

For those--for that cohort, people over 65 people, with preexisting conditions, immunocompromised, they still have to act as though the pandemic is still going on, in terms of protecting themselves.

The lessons, I think, are clear. Regulators need to strengthen bank oversight, and Congress must reinstate stronger rules.

Yes, I think that is a very important signal because it is a tale of two pandemics.

There is kind of a tale of two pandemics here, with 250 people a day still dying.

For those--for that cohort, people over 65 people, with preexisting conditions, immunocompromised, they still have to act as though the pandemic is still going on, in terms of protecting themselves.

Bank executives who take on too much risk and crash their banks because of their own hubris and greed should not get to ride off into the sunset with their ill-gotten gains.

You know, it is clear that giving regulators power to do something is not always enough. Congress needs to force regulators to use it, which is what Senators Cortez Masto, Hawley, Braun's and my bill does.

So in its postmortem of the Silicon Valley Bank collapse, the Fed found that legislation passed out of this Committee in 2018, led to weakened rules for big banks that were major contributors to Silicon Valley Bank's failure.

Thank you. And thank you all for the historically great work which you did to have our Country respond the way it did.

That is why Senator Cortez Masto, Senator Hawley, Senator Braun, and I introduced a bipartisan bill to ensure that when executives crash their banks and threaten the banking system, those executives are forced to give up their fancy…

Thank you. And thank you all for the historically great work which you did to have our Country respond the way it did.

SVB, Signature Bank, and First Republic all lobbied Congress to weaken the guardrails, preventing them from making risky bets with depositors' money.