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US Voters Support Strengthening Rules On Banks

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Progressive pollster, Data for Progress, has published a report showing that 82% of voters approve of Congress strengthening rules on banks to prevent a repeat of Silicon Valley Bank collapse.

  • DFP: “Over two-thirds of voters (69 percent) report being “very concerned” or “somewhat concerned” about the health of the banking industry in the U.S. following SVB’s collapse. And voters overwhelmingly support congressional action to strengthen the rules for banks: 87 percent of Democrats, 80 percent of Independents, and 78 percent of Republicans support measures that would make a similar bank failure less likely.”
  • DFP: "When given a description of the Warren/Porter proposal and asked if they would support Congress passing a bill to repeal the 2018 deregulation, voters are again supportive across partisan lines: 81 percent of Democrats and 66 percent of both Independents and Republicans support reinstating the repealed bank regulations to make sure that financial institutions like SVB undergo the proper reviews."

Figure 1: Voter Support for Congress Strengthening Rules on Banks

Source: Data for Progress

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