Lawmakers propose bill to reverse Dodd-Frank rollback after Silicon Valley Bank collapse.

1 min read
Source: The Hill
Lawmakers propose bill to reverse Dodd-Frank rollback after Silicon Valley Bank collapse.
Photo: The Hill
TL;DR Summary

Senators Elizabeth Warren and Katie Porter have introduced a bill to repeal part of a Trump-era bank regulation rollback law in response to the collapse of Silicon Valley Bank. The Secure Viable Banking Act would put banks with at least $50 billion in assets back under strict Federal Reserve oversight and Dodd-Frank Act stress tests. The 2018 bill raised the threshold to $250 billion, exempting Silicon Valley Bank and dozens of other banks from the strictest federal oversight. The bill faces little chance of clearing the GOP-controlled House or a Republican filibuster in the Senate.

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