If mid-sized banks are going to endanger financial stability, they must
be held to strict standards
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ACTION NEEDED

Friend,

Tell Congress: Repeal the Trump-era Rollbacks. Co-Sponsor the Secure
Viable Banking Act!
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SIGN THE PETITION
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When Congress passed legislation in 2018 that repealed key pieces of the
Dodd-Frank reforms enacted after the global financial crisis only a
decade earlier, many experts warned what would happen.  

The bipartisan 2018 bill that Trump signed deregulating mid-sized banks
and removed strict requirements designed to ensure their solvency and
protect consumers.

Now, with the failures of Silicon Valley Bank and Signature Bank, the
predictions proved true. Banking regulators quickly had to step in with
decisive actions to guarantee deposits and stop contagion from spreading
across the banking system.

If mid-sized banks are going to endanger financial stability, they must
be held to strict standards otherwise the public pays the price for
risky behavior, while fat-cat bank executives rake in the profits and
get off scot-free.

In response to this crisis, Senator Elizabeth Warren of Massachusetts
and Representative Katie Porter of California have introduced the Secure
Viable Banking Act that would restore the rules on mid-size banks that
were repealed in 2018.

Click 'SIGN THE PETITION
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to sign and send your message to Congress urging your Senators and
Representative to sign on as co-sponsors of the Secure Viable Banking
Act.

SIGN THE PETITION
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Thank you for your attention,
The whole Common Dreams team

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