White House plans are still in flux. A House panel will examine SVB’s failure on Wednesday.
They are preparing to ask federal bank regulators to impose new rules on mid-sized banks in the wake of the Silicon Valley bank’s collapse earlier this month.
But the administration is unlikely to ask Congress anytime soon to repeal the deregulation law passed five years ago with bipartisan support.
The exact details of the White House’s recommendations are unclear, but they would try to restore rules for banks between $100 billion and $250 billion that were removed by Congress and the Federal Reserve during the Trump administration.