Sen. Cruz, Rep. Jordan Send Bicameral Letter to San Francisco Fed Regarding Big Tech Bank Failure
April 26, 2023
April 26, 2023
WASHINGTON, April 26 -- Sen. Ted Cruz, R-Texas, issued the following news release and letter:
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 congressio . . .
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 congressio . . .