Silicon Valley Bank Donations in Question Amid Bank Failures and Legislation Exploration

1 min read
Source: Fox Business
Silicon Valley Bank Donations in Question Amid Bank Failures and Legislation Exploration
Photo: Fox Business
TL;DR Summary

Senator Mark Warner has said he will return donations he received from Silicon Valley Bank if there is evidence of "malfeasance" uncovered at Tuesday's hearing by the Senate Banking Committee. Warner was one of 16 Democrats who voted for a 2018 law that rolled Dodd-Frank banking regulations put in place after the 2008 financial crisis. In the wake of Silicon Valley Bank collapsing, the rollbacks have received fresh scrutiny. Democratic lawmakers Chuck Schumer, Maxine Waters, and Ro Khanna have returned those donations.

Share this article

Reading Insights

Total Reads

0

Unique Readers

5

Time Saved

1 min

vs 2 min read

Condensed

78%

37682 words

Want the full story? Read the original article

Read on Fox Business