{"id":1899449,"date":"2023-03-16T15:58:33","date_gmt":"2023-03-16T19:58:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-white-house-looks-to-congress-for-banking-system-response\/"},"modified":"2023-03-16T16:01:45","modified_gmt":"2023-03-16T20:01:45","slug":"svb-collapse-white-house-looks-to-congress-for-banking-system-response","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-white-house-looks-to-congress-for-banking-system-response\/","title":{"rendered":"SVB collapse: White House looks to Congress for banking system response"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsvb-collapse-white-house-looks-to-congress-for-banking-system-response%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1899449&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"col-12 col-md-7 col-lg-8 col-xl-9 float-left body colgap-l-50\" itemprop=\"mainEntityOfPage\">\n<div class=\"ArticlePage-articleBodyWrapper\">\n<div class=\"ArticlePage-articleBody\" itemprop=\"articleBody\">\n<div class=\"RichTextArticleBody\">\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78981818\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"The clock is ticking for Biden on COVID-19 origins declassification bill\">               <meta itemprop=\"description\" content=\"President Joe Biden has less than a week to decide whether to sign or try to stop a bill declassifying COVID-19 origins intelligence that passed with veto-proof majorities. Both chambers of Congress unanimously passed legislation that would force the Biden administration to declassify all the information it has gathered on how the virus started as federal agencies are split between whether it began in nature or a lab leak.\">               <meta itemprop=\"duration\" content=\"PT1M23S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-16 15:49:16\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1263824_th_1678981756.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1263824.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78981818\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1263824\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>The White House reiterated its call for greater banking regulation on Thursday but did not mention any steps towards a larger bank rescue. <\/p>\n<p>President Joe Biden asked Congress to strengthen regulation in the wake Silicon Valley Bank&#8217;s collapse. However, specifics have not yet been made public. <\/p>\n<p><b>SVB COLLAPSE &#8211; YELLEN ASSURES CONGRESS BANKING SYSTEM &#8216;SOUND&#8217;<\/b> <\/p>\n<p>&#8220;We have seen bipartisan support for a piece of legislation, the Warren\/Porter bill, and we appreciate those folks putting their ideas together,&#8221; Karine Jean Pierre, press secretary, said. &#8220;We&#8217;re going to look closely at that bill and other regulatory changes as well.&#8221; <\/p>\n<p>Jean-Pierre didn&#8217;t announce any immediate actions to strengthen the banking system. She also repeated the accusation that President Donald Trump was to be blame. <\/p>\n<p>&#8220;Unfortunately, during the last administration in 2018, some of those regulations that would&#8217;ve been incredibly important were rolled back. Congress and regulators must strengthen those rules for larger banks so that this doesn&#8217;t happen again,&#8221; Jean-Pierre said. <\/p>\n<p>Two Democrats, Senator Elizabeth Warren (D-MA), and Rep. Katie Porter(D-CA) have introduced legislation to reverse the Dodd-Frank Act partial rollback approved by Congress in 2018. <\/p>\n<p>Although progressives blame Republicans, 17 senator Democrats approved the rollback as well as 33 House Democrats. Republicans have claimed that existing regulations should have raised red flags about SVB and that better enforcement was the solution. <\/p>\n<p>Janet Yellen, Treasury Secretary, assured Congress earlier in the day that the banking system is sound. <\/p>\n<p><b>CLICK HERE FOR MORE INFORMATION FROM THE WASHINGTON XAMINER<\/b> <\/p>\n<p>Jean-Pierre stated that the Biden administration has limited capabilities without legislative action. <\/p>\n<p>&#8220;There&#8217;s quite a bit that we can do administratively, but without Congress, we can&#8217;t fully deal with this issue,&#8221; She said. &#8220;We will have more to say on the specific regulatory changes in the next few days.&#8221;<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/svb-collapse-white-house-new-banking-regulations\">SVB&#8217;s collapse: The White House appeals to Congress for a banking system response<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The White House repeated calls for more banking regulations on Thursday, but it did not mention any actions toward a wider bank rescue. President Joe Biden has called on Congress to strengthen regulations in the wake of Silicon Valley Bank&#8217;s collapse, but specifics haven&#8217;t been announced yet. SVB COLLAPSE: YELLEN ASSURES CONGRESS BANKING SYSTEM IS<\/p>\n","protected":false},"author":1,"featured_media":1899450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[14689,7385,4402,3653,4115,21356,3765],"class_list":["post-1899449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-banking","tag-collapse","tag-congress","tag-house","tag-response","tag-svb","tag-white"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1899449"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1899450"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1899449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1899449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1899449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}