Hawley Announces Legislation to Protect Customers and Community Banks From New Fees Following SVB Bailout

Monday, March 13, 2023

Following the news that the Biden Administration will impose special assessment fees on banks across the country to bail out Silicon Valley Bank (SVB) depositors, U.S. Senator Josh Hawley (R-Mo.) announced new legislation to protect customers and community banks.

Senator Hawley also criticized the taxpayer handout to SVB.