Katie Porter

If Dodd-Frank had been kept intact for banks of this size, Silicon Valley Bank would not have had the choice to choose to prioritize its profits over stability.

But we agreed the Fed's obligation is to the American people, not to banks.

The problem is that the Members of Congress who are loudest about the failure are often the ones most terrified of legislating to address it.

Whether it is intentional or not, the Federal Reserve has a pattern here of prioritizing banks' profits.

We regulated after the 2008 financial crisis. We deregulated with bipartisan support under President Trump, and now we are back at bank failure.

Bank stability happens when we have strong clear rules in place, and bank failures increase when we take these rules away.

After the failure of Silicon Valley Bank, I introduced two bills.

It sounds like Congress is not the only entity bowing to pressure from big banks.

If the Federal Reserve consistently prioritizes banks' profits over the stability of the banking system--if that is, in fact, what they do, who does it seem like they are working for?

Bank regulators needed to better manage Silicon Valley Bank's vulnerability and hold their management accountable more quickly.

We do not have the right regulations.

I publicly warned my future congressional colleagues not to pass S. 2155, a bill that rolled back Dodd-Frank regulations.

In fact, in my, maybe third, hearing in Congress, in the early spring of 2019, I asked Chairman Jerome Powell about the weakening of the capital liquidity risk requirements, and he claimed that there, in fact, was no weakening of those…

Let us roll back the worst part of the bank lobbyist bill that Congress passed in 2018.

We deregulated with bipartisan support under President Trump, and now we are back at bank failure.

There's no question that Congress bowed to political pressure and pursued a deregulatory agenda when it passed Dodd Frank rollbacks in 2018. Congress put profits over people.

``I pledge my head to clearer thinking, my heart to greater loyalty, my hands to larger service, and my health to better living for my club, my community, my country, and my world.'' If it wasn't clear, I am a 4-H'er. A few weeks ago, I…

Blaming SVB's collapse on environmental social governance investing or diversity equity and inclusion initiatives is nonsense.

My Republican colleagues' continued focus on wokeness in banking also suggests that they see improving economic opportunities for people of color and investing in minority-owned businesses as a bad thing, and that is truly a shame.

I would like to invite any of my colleagues to join me in that legislation.

Since my first term in Congress, I have introduced legislation to get full pricing information to patients without them having to ask.

We don't have to let politics stand in the way of delivering water to our constituents.

I introduced a bill, H.R. 3027, to reauthorize, to extend the existence of the Bureau of Reclamation's Basin Study Program.

Is there anything here that is going to change policy, anything controversial, anything that is trying to lean one way or the other on water policy?

Americans' confidence in the Supreme Court is at a record low. That is no surprise when Justices hide that billionaires take them on luxurious yachts and private jet trips, buy land from them, and pay their dependents' private boarding…