[ [link removed] ]Katie Porter for Senate
Today marks thirteen years since the Dodd-Frank Act was enacted. This
landmark piece of legislation helped regulate and reform Wall Street
following the Great Recession.
Ever since, Wall Street has been working to reverse these consumer
protections, and this year we’ve seen the consequences. When Trump was
elected in 2016, a group of Senators pushed to allow medium-sized banks,
like Silicon Valley Bank, to hold onto less liquid cash. I wasn’t yet in
Congress, but as a consumer protection attorney, I sounded the alarm that
this was a dangerous move that put people’s money at risk. But in the end,
Congress—in a bipartisan vote—caved to Wall Street and loosened our
nation’s banking laws.
Following the bank collapses of this year, Senator Elizabeth Warren and I
introduced the Secure Viable Banking Act (get it, SVB), to repeal that law
and reign in Wall Street and Big Banks by reinstating guardrails that help
prevent collapses like the ones we just saw.
I'm the
only candidate in this race rejecting contributions from Wall Street
executives. That’s because I’m running to stand up to the big corporations
and their lobbyists who have rigged the rules against working people. I’d
be so honored to have you on our team so I can keep holding Big Banks
accountable. [ [link removed] ]Our average donation this month is $20—can you chip in $20
today?
[ [link removed] ]Donate $20 ›››
Thanks a ton!
Katie
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[PAID FOR BY KATIE PORTER FOR SENATE]