When Congress passed legislation in 2018 that repealed key pieces of the Dodd-Frank reforms enacted after the global financial crisis only a decade earlier, many experts warned what would happen.
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. 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of California have introduced the Secure Viable Banking Act that would restore the rules on mid-size banks that were repealed in 2018.
Add your name to urge your Senators and Representative to sign on as co-sponsors of the Secure Viable Banking Act now. [[link removed]] ADD MY NAME >>> [[link removed]]
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