Getting to the Bottom of the Silicon Valley Bank Failure
Last week we saw the first Twitter fueled bank run. As Chairman of the House Financial Services Committee, it is my responsibility to get to the bottom of the failures of Silicon Valley Bank and Signature Bank. While some in Washington are busy advancing their personal agendas, I'm focused on getting the facts to guide Congress' response. Click here or on the image below to watch the interview I did last week with CNN in response to the Silicon Valley Bank collapse.
On Friday, I announced the House Financial Services Committee will hold a hearing with federal financial regulators in response to the failures of these two banks which willbe held on March 29, 2023. This will be the first of multiple hearings the Committee expects to hold on this issue. Click here to learn more about the upcoming hearing. Read my full statement on the hearing below.