Republicans and Democrats in both chambers of Congress approved a rollback of financial regulations in 2018 that may have contributed to the failure of Silicon Valley Bank.
Bipartisan majorities in the House of Representatives and the Senate approved S. 2155, which axed regulatory requirements for regional banks with less than $250 billion in assets and was signed by then-President Donald Trump, meaning such banks did not need to submit to stress testing.
There has been renewed focus on the bill after Silicon Valley Bank (SVB), a regional bank based in California’s Silicon Valley tech corridor, collapsed on Friday after its customers initiated a run on their deposits.
The bill made changes to the earlier Dodd-Frank Wall Street Reform and Consumer Protection Act, which had been signed by then-President Barack Obama in 2010, and required banks with more than $50 billion in assets to submit to stress testing.
SVB had over $200 billion in assets by the end of 2022 and was one of the 20 largest banks in the U.S.
Democratic Representative Ro Khanna highlighted the legislation on Twitter on Monday, saying that “Too many Dems voted yes” at the time.
“The run on SVB is a reminder of the need to impose strong financial regulations on banks. The Republican Party succeeded in passing the bill eviscerating Dodd-Frank against the warnings of progressives like myself and @BernieSanders,” Khanna said.
The run on SVB is a reminder of the need to impose strong financial regulations on banks. The Republican Party succeeded in passing the bill eviscerating Dodd-Frank against the warnings of progressives like myself and @BernieSanders.
— Ro Khanna (@RoKhanna)
The bill passed the Senate on March 14, 2018 by a vote of 67 to 31, with 17 Democrats approving the legislation. The bill passed the House on May 22, 2018 by a vote of 258 to 159, with 33 Democrats voting in favor of it.
Here is a full list of lawmakers who voted for the legislation. Some of those who voted in favor of the rollback have since left office.
Shelley Moore Capito (R-WV)
Chuck Grassley (R-IA)
Mitch McConnell (R-KY)
Richard Shelby (R-AL)
Debbie Stabenow (D-MI)
Roger Wicker (R-MS)
Ralph Abraham, Republican, Louisiana
Robert Aderholt, Republican, Alabama
Rick Allen, Republican, Georgia
Justin Amash, Republican, Michigan
Mark Amodei, Republican, Nevada
Jodey Arrington, Republican, Texas
Brian Babin, Republicanm Texas
Don Bacon, Republican, Nebraska
Jim Banks, Republican, Indiana
Lou Barletta, Republican, Pennsylvania
Andy Barr, Republican, Kentucky
Joe Barton, Republican, Texas
Ami Bera, Democrat, California
Jack Bergman, Republican, Michigan
Andy Biggs, Republican, Arizona
Gus M. Bilirakis, Republican, Florida
Sandford D. Bishop, Democrat, Georgia
Michael Dean Bishop, Republican, Michigan
Robert Bishop, Republican, Utah
Marsha Blackburn, Republican Tennessee
Rod Blum, Republican, Iowa
Lisa Blunt Rochester, Democrat, Delaware
Mike Bost, Republican, Illinois
Kevin Brady, Republican, Texas
David Brat, Republican, Virginia
Mo Brooks, Republican, Alabama
Susan Brooks, Republican, Indiana
Vern Buchanan, Republica, Florida
Ken Buck, Republican, Colorado
Larry Bucshon, Republican, Indiana
Tedd Budd, Republican, North Carolina
Michael Burgess, Republican, Texas
Bradley Byrne, Republican Alabama
Ken Calvert, Republican, California
André Carson, Democrat, Indiana
John Carter, Republican, Texas
Steve Chabot, Republican, Ohio
Liz Cheney, Republican, Wyoming
Mike Coffman, Republican, Colorado
Tom Cole, Republican, Oklahoma
Doug Collins, Republican, Georgia
Chris Collins, Republican, New York
James Comer, Republican, Kentucky
Barbara Comstock, Republican, Virginia
Michael Conaway, Republican, Texas
Paul Cook, Republican, California
J. Luis Correa, Democrat, California
Jim Costa, Democrat, California
Ryan Costello, Republican, Pennsylvania
Kevin Cramer, Republican, North Dakota
Eric A. Crawford, Republican, Arkansas
Henry Cuellar, Democrat, Texas
John Culberson, Republican, Texas
Carlos Curbelo, Republican, Florida
John R. Curtis, Republican, Utah
Warren Davidson, Republican, Ohio
Danny Davis, Democrat, Illinois
Rodney Davis, Republican, Illinois
John Delaney, Democrat, Maryland
Jeff Denham, Republican, California
Ron DeSantis, Republican, Florida
Scott DesJarlais, Republican, Tennessee
Mario Diaz-Balart, Republican, Florida
Daniel M. Donovan, Republican, New York
Sean Duffy, Republican, Wisconsin
Jeff Duncan, Republican, South Carolina
John J. Duncan, Republican, Tennessee
Neal P. Dunn, Republican, Florida
Tom Emmer, Republican, Minnesota
Ron Estes, Republican, Kansas
John F. Faso, Republican, New York
Drew Ferguson, Republican, Georgia
Brian Fitzpatrick, Republican, Pennsylvania
Charles Fleischmann, Republican, Tennessee
Bill Flores, Republican, Texas
Jeff Fortenberry, Republica, Nebraska
Bill Foster, Democrat, Illinois
Virginia Foxx, Republican, North Carolina
Matt Gaetz, Republican Florida
Mike Gallagher, Republican, Wisconsin
Thomas Garrett, Republican, Virginia
Greg Gianforte, Republican Montana
Bob Gibbs, Republican, Ohio
Louie Gohmert, Republican Texas
Vicente Gonzalez, Democrat, Texas
Robert Goodlatte, Republican, Virginia
Paul Gosar, Republican Arizona
Josh Gottheimer, Democrat, New Jersey
Trey Gowdy Republican South Carolina
Kay Granger, Republican, Texas
Tom Graves, Republican, Georgia
Garret Graves, Republican, Louisiana
Sam Graves, Republican, Missouri
H. Morgan Griffith, Republican, Virginia
Glenn Grothman, Republican, Wisconsin
Brett Guthrie, Republican, Kentucky
Karen Handel, Republican, Georgia
Gregg Harper, Republican, Mississippi
Andy Harris, Republican, Maryland
Vicky Hartzler, Republican, Missouri
Alcee Lamar Hastings, Democrat, Florida
Jeb Hensarling, Republican, Texas
Jaime Herrera Beutler, Republican, Washington
Jody B. Hice, Republican, Georgia
French Hill, Republican, Arkansas
James A. Himes, Democrat, Connecticut
George E.B. Holding, Republican, North Carolina
Joseph Hollingsworth, Republican, Indiana
Richard Hudson, Republican, North Carolina
Bill Huizenga, Republican, Michigan
Randy Hultgren, Republican, Illinois
Duncan Hunter, Republican, California
William Hurd, Republican, Texas
Darrell Issa, Republican, California
Lynn Jenkins, Republican, Kansas
Evan Jenkins, Republican, West Virginia
Mike Johnson, Republican, Louisiana
Bill Johnson, Republican, Ohio
Sam Johnson, Republican, Texas
Jim Jordan, Republican Ohio
David Joyce, Republican, Ohio
John Katko, Republican, New York
Trent Kelly, Republican, Mississippi
Mike Kelly, Republican, Pennsylvania
Ron Kind, Democrat, Wisconsin
Steve King, Republican, Iowa
Peter T. King, Republican, New York
Adam Kinzinger, Republican, Illinois
Steve Knight, Republican, California
Ann M. Kuster, Democrat, New Hampshire
David Kustoff, Republican, Tennessee
Raúl R. Labrador, Republican, Idaho
Darin LaHood, Republican, Illinois
Doug LaMalfa, Republican, California
Doug Lamborn, Republican, Colorado
Leonard Lance, Republican, New Jersey
Rick Larsen, Democra, Washington
Robert Latta, Republican, Ohio
Alfred Lawson, Democrat, Florida
Debbie Lesko, Republican Arizona
Jason Mark Lewis, Republican, Minnesota
Frank LoBiondo, Republican, New Jersey
Billy Long, Republican, Missouri
Barry Loudermilk, Republican, Georgia
Mia Love, Republican, Utah
Frank Lucas, Republican, Oklahoma
Blaine Luetkemeyer, Republican, Missouri
Thomas Charles MacArthur, Republican, New Jersey
Sean Maloney, Democrat, New York
Kenny Marchant, Republican, Texas
Thomas A. Marino, Republican, Pennsylvania
Roger Wayne Marshall, Republican, Kansas
Thomas Massie, Republican Kentucky
Brian Mast, Republican, Florida
Kevin McCarthy, Republican, California
Michael McCaul, Republican, Texas
Tom McClintock, Republican, California
Patrick McHenry, Republican, North Carolina
David McKinley, Republican, West Virginia
Cathy McMorris Rodgers, Republican, Washington
Martha McSally, Republican, Arizona
Mark Meadows, Republican, North Carolina
Luke Messer, Republican, Indiana
Paul Mitchell, Republican, Michigan
John Moolenaar, Republican, Michigan
Alexander Mooney, Republican, West Virginia
Markwayne Mullin, Republican, Oklahoma
Stephanie Murphy, Democrat, Florida
Dan Newhouse, Republican, Washington
Kristi Noem, Republican, South Dakota
Richard Nolan, Democrat, Minnesota
Ralph Norman, Republican, South Carolina
Devin Nunes, Republican, California
Thomas C. O’Halleran, Democrat, Arizona
Pete Olson, Republican, Texas
Steven Palazzo, Republican, Mississippi
Gary Palmer, Republican, Alabama
Erik Paulsen, Republican, Minnesota
Scott Perry, Republican, Pennsylvania
Scott H. Peters, Democrat, California
Collin Peterson, Democrat, Minnesota
Robert Pittenger, Republican, North Carolina
Ted Poe, Republican, Texas
Bruce Poliquin, Republican, Maine
Bill Posey, Republican, Florida
John Ratcliffe, Republican, Texas
Thomas Reed, Republican, New York
David Reichert, Republican, Washington
Jim Renacci, Republican, Ohio
Kathleen Maura Rice, Democrat, New York
Tom Rice, Republican, South Carolina
Martha Roby, Republican, Alabama
David P. Roe, Republican, Tennessee
Mike Rogers, Republican, Alabama
Dana Rohrabacher, Republican, California
Todd Rokita, Republican, Indiana
Francis Rooney, Republican, Florida
Thomas J. Rooney, Republican, Florida
Ileana Ros-Lehtinen, Republican, Florida
Peter Roskam, Republican, Illinois
Dennis Ross, Republican, Florida
Keith Rothfus, Republican, Pennsylvania
David Rouzer, Republican, North Carolina
Edward Royce, Republican, California
Steve Russell, Republican, Oklahoma
John H. Rutherford, Republican, Florida
Mark Sanford, Republican, South Carolina
Steve Scalise, Republican, Louisiana
Bradley Scott Schneider, Democrat, Illinois
Kurt Schrader, Democrat, Oregon
David Schweikert, Republican, Arizona
Austin Scott, Republican, Georgia
David Scott, Democrat, Georgia
Frank James Sensenbrenner, Republican, Wisconsin
Pete Sessions, Republican, Texas
Terri A. Sewell, Democrat, Alabama
John M. Shimkus, Republican, Illinois
Bill Shuster, Republican, Pennsylvania
Michael K. Simpson, Republican, Idaho
Kyrsten Sinema, Democrat, Arizona
Adrian Smith, Republican, Nebraska
Christopher H. Smith, Republican, New Jersey
Lamar Seeligson Smith, Republican, Texas
Lloyd Smucker, Republican, Pennsylvania
Elise Stefanik, Republican, New York
Chris Stewart, Republican, Utah
Thomas Suozzi, Democratic, New York
Scott William Taylor, Republican, Virginia
Claudia Tenney, Republican, New York
Glenn Thompson, Republican, Pennsylvania
William McClellan Thornberry, Republican, Texas
Scott Tipton, Republican, Colorado
David A. Trott, Republican Michigan
Michael R. Turner, Republican, Ohio
Fred Upton, Republican, Michigan
David Valadao, Republican, California
Marc A. Veasey, Democrat, Texas
Filemon Vela, Democrat, Texas
Ann Wagner, Republican, Missouri
Tim Walberg, Republican, Michigan
Greg Walden, Republican, Oregon
Bradley Mark Walker, Republican, North Carolina
Jackie Walorski, Republican, Indiana
Mimi Walters, Republican, California
Randy Weber, Republican, Texas
Daniel Webster, Republican, Florida
Brad Wenstrup, Republican, Ohio
Bruce Westerman, Republican, Arkansas
Roger Williams, Republican, Texas
Joe Wilson, Republican, South Carolina
Robert J. Wittman, Republican, Virginia
Steve Womack, Republican, Arkansas
Rob Woodall, Republican, Georgia
Kevin Yoder, Republican, Kansas
Ted Yoho, Republican, Florida
Donald Edwin Young, Republican, Alaska
David Young, Republican, Iowa
Lee Zeldin, Republican, New York
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