Daines, Banking Committee Republicans, Probe Federal Reserve Supervision of SVB
March 24, 2023
Washington, D.C. – U.S. Senator Daines joined Banking Committee Republicans, including Ranking Member Tim Scott (R-SC) today in demanding answers and seeking records from the Federal Reserve Board of Governors and the Federal Reserve Bank of San Francisco regarding their supervision of Silicon Valley Bank (SVB) in the leadup to its failure. Daines and his fellow Banking Committee Republicans are striving to deliver transparency and accountability for the American people, an effort they will continue on Tuesday as regulators testify before the Senate Banking Committee. In a letter to Jerome Powell, Chairman of the Federal Reserve and Mary Daly, President and CEO of the Federal Reserve Bank