In the News
REMINDER: DeSantis Supported Bank Deregulations Before Silicon Valley Bank Failure
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During his press conference this morning, Ron DeSantis once again brought up Silicon Valley Bank’s crash, which serves as a reminder DeSantis has long been an outspoken champion for the banking industry, working hand in hand with them to support roll backs to regulations.
Here’s DeSantis’s record of pushing to deregulate banks like SVB:
- In Congress, DeSantis was an outspoken proponent of lifting regulations on small and mid-sized financial institutions. In 2017, DeSantis frequently joined Fox News to argue for easing restrictions on small and mid-sized banks.
- In 2017, DeSantis voted for a deregulation bill that would have repealed key provisions of the Dodd-Frank Act and weakened oversight of banks, including the federal government’s authority to step in if a bank is near collapse.
- In Congress, DeSantis was a vocal supporter of repealing the Dodd-Frank Act. After his election to Congress, DeSantis helped to found the House Freedom Caucus and the group made repealing Dodd-Frank a priority.
- DeSantis first ran for Congress in 2012 on a platform of undoing financial regulation legislation such as the Dodd-Frank and Sarbanes-Oxley Act.
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