The "Secure and Viable Banking Act" (SVB Act) is a federal bill aimed at enhancing the stability and security of the banking system. It includes provisions to strengthen regulations on financial institutions to prevent risks to the economy and ensure sound banking practices. The SVB Act focuses on promoting transparency, accountability, and sustainability within the banking sector to safeguard consumers and maintain the overall health of the financial system. This legislation seeks to address potential vulnerabilities in the banking industry and mitigate systemic risks that could impact the economy.
2023-03-14: Introduced in House
2023-03-14: Referred to the House Committee on Financial Services.
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