Maxine Waters speaks out on Silicon Valley Bank failure and regulation.

Maxine Waters, the top Democrat on the House Financial Services Committee, plans to return the $2,500 campaign contribution she received from Silicon Valley Bank's political action committee in late 2020. The decision comes after federal investigators reportedly opened a probe into the largest bank failure since 2008. Waters opposed the 2018 bill that loosened up regulations of banks like SVB, which has come under renewed scrutiny since the California-based bank's collapse. Silicon Valley Bank's PAC gave more than $50,000 to the campaigns of nearly two dozen senators and representatives between 2017 and 2022, largely to members who served on relevant committees.