March 11, 2023

Scott Statement on Silicon Valley Bank

Washington, D.C. – U.S. Senator Tim Scott (R-S.C.), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the failure of Silicon Valley Bank:

“I am closely monitoring developments concerning Silicon Valley Bank, and we are in communication with the regulators. Our country is unnecessarily facing an inflationary crisis and the American people deserve transparency and accountability.”