The U.S. Senate Committee on Banking, Housing and Urban Affairs criticized Federal Reserve Governor Michelle Bowman for commissioning a third party review that it alleged improperly absolves her and President Trump of responsibility for Silicon Valley Bank's failure and supports further deregulation.
2026-09-18U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs criticizes Michelle Bowman's third party Silicon Valley Bank review
The U.S. Senate Committee on Banking, Housing and Urban Affairs alleged that Michelle Bowman's third party review improperly absolves her and President Trump of responsibility for Silicon Valley Bank's failure and seeks to enable further deregulation.