Jayapal calls for government action on anniversary of Silicon Valley Bank collapse

The Hill

Center

High Factuality

Media Conglomerate: Nexstar Media Group

Jayapal calls for government action on anniversary of Silicon Valley Bank collapse

Congressional Progressive Caucus Chair Pramila Jayapal (D-Wash.) called for the federal government to take action on the “systemic failures” that led to the collapse of Silicon Valley Bank on the anniversary of the bank failure that briefly sparked fears of a wider crisis. “One year ago, Silicon Valley Bank’s collapse became the second largest bank failure in U.S. history,” Jayapal said in a statement Monday. “While the bank's wealthy depositors…