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Brown: Deposit Insurance Must Protect Consumers, Not Big Investors
July 21, 2023
WASHINGTON, July 21 -- Sen. Sherrod Brown, D-Ohio, issued the following opening statement on July 20, 2023:

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Today, U.S. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, delivered the following opening statement at today's hearing on "Perspectives on Deposit Insurance Reform after Recent Bank Failures."

Sen. Brown's remarks, as prepared for delivery follow:

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