Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) and Signature Bank to be held at 10:00 AM ET on March 29, 2023. This will be the first of multiple hearings the Committee expects to hold on this issue. Witnesses: The Honorable Martin J. Gruenberg, C...
The Chairman of the House Financial Services Committee, Patrick McHenry (R-N.C.), and the Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Tim Scott (R-S.C.), are formally demanding information from the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) regarding their regulatory activities with respect to Silicon Valley Bank (SVB) and Signature Bank for the two years leading up to the collapse of these two banks. The pair of lawmakers are also req...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Member of the House Financial Services Committee, Maxine Waters (CA-43), announced a bipartisan hearing with federal financial regulators in response to the failures of Silicon Valley Bank (SVB) and Signature Bank to be held on March 29, 2023. The Committee will hold additional hearings as appropriate. Witnesses: The Honorable Martin J. Gruenberg, Chairman, Board of Directors of the Federal De...
Today, Congressman Patrick McHenry (R-NC), Chair of the House Financial Services Committee, and Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services sent a letter to the Government and Accountability Office (GAO) calling on the office to begin a study and an investigation into the recent collapse of Silicon Valley Bank and Signature Bank. Specifically, the lawmakers urge the office to examine the factors that led to mismanagement of both banks, including any regul...
