Silicon Valley Bank
Today marks thirteen years since the Dodd-Frank Act was enacted. This landmark piece of legislation helped regulate and reform Wall Street following the Great Recession.
Ever since, Wall Street has been working to reverse these consumer protections, and this year we've seen the consequences. When Trump was elected in 2016, a group of Senators pushed to allow medium-sized banks, like Silicon Valley Bank, to hold onto less liquid cash. I wasn't yet in Congress, but as a consumer protection attorney, I sounded the alarm that this was a dangerous move that put people's money at risk. But in the end, Congress—in a bipartisan vote—caved to Wall Street and loosened our nation's banking laws.
Following the bank collapses of this year, Senator Elizabeth Warren and I introduced the Secure Viable Banking Act (get it, SVB), to repeal that law and reign in Wall Street and Big Banks by reinstating guardrails that help prevent collapses like the ones we just saw.
I'm the only candidate in this race rejecting contributions from Wall Street executives. That's because I'm running to stand up to the big corporations and their lobbyists who have rigged the rules against working people. I'd be so honored to have you on our team so I can keep holding Big Banks accountable. Our average donation this month is $20—can you chip in $20 today?
Donate $20 ›››
Thanks a ton!
Katie
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