John,

Community banks – comprised of hardworking Hoosiers’ checking accounts and smaller depositors – should not be on the hook for bailing out Silicon Valley Bank (SVB) and Signature Bank for their risky financial decisions.

Joe Biden created this chaos with his inflation-bomb spending agenda, and now he wants Hoosiers to pay for his coastal elite bailout through increased fees at their banks. This leftist logic makes ZERO SENSE – this is precisely why I’ve co-sponsored the Protecting Consumers from Bailouts Act with Senator Hawley >>

The President is trying to pass the buck of these irresponsible bank failures onto the American people through ‘additional fees’, subsidizing bad behavior.

The Protecting Consumers from Bailouts Act will:

✔️ Bar banks from passing to their customers the cost of any “special assessment” fees from the FDIC to bail out these coastal elite banks

✔️ Enable the FDIC to recover bonuses paid to executives of failed banks

I’m fighting tooth and nail to defend Hoosiers from this financial fraud. THAT you can guarantee!

– Mike Braun

Paid for by Mike Braun for Indiana, Inc.