I urge all of my colleagues to cosponsor my Secure Viable Banking, SVB Act, and to roll back Title IV of S. 2155.
The Federal Reserve's autopsy lays a lot of blame at Congress' feet because of changes that were enacted to Dodd-Frank in 2018.
The lack of self-awareness or accountability knows no bounds with this crew.
But yet again, Federal bureaucrats fail at their jobs and escape any accountability.
there is zero accountability and zero heads roll when there is a crisis.
Evidence that has surfaced since then has shown exactly that. Absolutely, there was incompetence at the top of the bank.
However, I am amazed in my short two and a half years here in Congress to see we have government agency on top of government agency with reg...
Banks fail. That is a fact. But on March 10, Silicon Valley Bank failed nearly overnight.
In fact, am I to understand it correctly, that it moved it from $250, but at $250 it was mandated that you do X.
In my first few years in Washington, one thing has been clear, government agencies are not good at taking accountability for their failures.
My Republican colleagues' continued focus on wokeness in banking also suggests that they see improving economic opportunities for people of ...