BGOV OnPoint: Bank Failures Get Spotlight in Congress

Lawmakers in both chambers are set to begin hearings this week to probe a series of major bank failures that spooked depositors and roiled financial markets.

Download the BGOV OnPoint: Bank Failures & Policy Responses

Senior officials from the Federal Deposit Insurance Corp., Federal Reserve, and Treasury Department are slated to testify about their emergency moves to protect depositors and extend credit to struggling banks this month. Recent failures include Silicon Valley Bank and Signature Bank, the largest FDIC-insured institutions to go under since the 2008 financial crisis.

Democrats are eyeing legislation to restore stricter rules for regional banks that ...