Source: The Hill
by Grover Norquist
“Each government failure becomes an excuse to do more of what failed. It is sad but not surprising to see this expensive and destructive cycle of failure repeat itself with banking regulation. Politicians are now seizing on the failure of Silicon Valley Bank to further entrench government control in an already over-regulated banking sector. Congress is threatening to make things worse with a proposal to raise taxpayer-backed Federal Deposit Insurance Corporation deposit insurance coverage from the current $250,000 to an eye-watering $10 million for non-interest-bearing accounts — 40 times the current amount. This overreach will increase the likelihood of taxpayer-funded bailouts, reduce lending and reward bad decision-making.” (10/31/25)
https://thehill.com/opinion/finance/5580836-government-failure-banking-regulation/