WASHINGTON, D.C. – U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) and House Judiciary Chairman Jim Jordan (R-Ohio) today sent a bicameral letter to Mary Daly, President and CEO of the Federal Reserve Bank of San Francisco (“SF Fed”), regarding the SF Fed’s failure to properly ensure the safety and soundness of Silicon Valley Bank (“SVB”) and to comply with congressional oversight requests about SVB’s collapse. Sen. Cruz and Rep. Jordan wrote: “The need for transparency from […]
