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Senator Elizabeth Warren (D) has drafted a bill to reverse bank deregulations put in place during the Trump administration. The proposed bill comes in response to the recent collapse of SVB Financial Group, which has been attributed to its exposure to risky investments. The proposed legislation would reinstate bank regulations that were rolled back in recent years and provide additional oversight to prevent similar incidents from happening in the future.

Warren argues that the recent collapse of SVB shows the need for stricter regulations to protect consumers and the economy. The bill is likely to face opposition from Republicans, who have been critical of what they see as excessive government regulation of the financial sector.

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Primary Source: Forbes

Factual Confidence: 100% Verified (Multiple Sources, Bill)

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