The failures of Silicon Valley Bank and Signature Bank were a direct result of Donald Trump weakening our banking regulations.

We can’t just wait for an even bigger bank failure before taking action. The banking industry needs to follow stronger rules ASAP. And I’ve proposed a bill with Congresswoman Katie Porter to get this done.

This legislation repeals a key piece of Trump's bill, which eased regulations on banks that controlled assets ranging from $50 billion to $250 billion. I don’t know about you, but to me a minimum of $50 billion in assets is not pocket change, and needs to be strongly regulated.

Add your name if you agree: We must restore the strong bank regulations that were undone by Donald Trump in order to protect our economy and prevent another financial crisis.

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Here’s the way I see it: banking should be boring. It should never involve this kind of high-stakes theatrics, especially when the livelihoods of so many are involved.

And anyone who wants to take on a lot of risk to make a lot of money quickly should not be in banking.

Trump’s bill made it easier for banks to load up on risk to boost their profits without being subject to enhanced capital requirements and stress tests to prevent a collapse. We need to go back to better regulation to make banking more boring again.

We’ve got to fight for this right now. If you’re on board with stronger banking regulations that protect consumers and our economy, please click here to say you support this legislation.

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Thanks for being a part of this,

Elizabeth

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