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

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.
Topics:business#banking-regulations#dodd-frank#elizabeth-warren#politics#silicon-valley-bank#trump-era-rollback
- Warren, Porter unveil bill to undo Trump-era Dodd-Frank rollback after Silicon Valley Bank collapse The Hill
- 'Repeal the law' that led to Silicon Valley Bank crisis, critics say USA TODAY
- Watch: Elizabeth Warren laughs out loud as CNBC host says banks can do their own stress testing msnNOW
- The Fed's Easy Regulatory Fix to Avert Another SVB Bloomberg
- PAUL J DAVIES: Fed does not need new rules to stop the next SVB BusinessLIVE
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