09/15/2015
https://www.congress.gov...
"Regulators need to strengthen bank oversight, and Congress must reinstate stronger rules."
"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 ..."
"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 Silic..."
"Congress needs to put in place tough rules that make sure that executives pay up when their actions lead directly to a bank failure."