Democrats defend deregulation vote amid banking blame game

  • Democrats defend deregulation vote amid banking blame game

    Posted by Gatherer  on March 18, 2023 at 5:32 PM

    Democrats on Capitol Hill are defending their vote for a 2018 banking deregulation bill that President Biden and other members of the party are blaming for last week’s stunning collapse of Silicon Valley Bank and Signature Bank.

    Forty-nine Democrats — 33 in the House and 16 in the Senate — plus Sen. Angus King (I-Maine), who caucuses with Democrats, joined Republicans in 2018 to pass the deregulation bill.

    Nineteen of them are still in the House, all of whom will have to face voters next year, and 12 are in the Senate, five of whom are up for reelection in 2024. Sen. Kyrsten Sinema (I-Ariz.), who was

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    Gatherer  replied 11 months, 2 weeks ago 1 Member · 0 Replies
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