SVB collapse: Senate GOP gets second briefing on bank failure after being ‘excluded’ from first

SAdditional briefings were given to the enate Republicans on the Silicon Valley Bank Monday’s collapse after the Treasury Department It was not possible to inform or invite a number GOP legislators and staff about a hastily-scheduled Sunday session.

The Sunday night session saw Treasury officials brief lawmakers, who admitted to the call that their invitations had not reached every lawmaker. A Sen. aide confirmed this to them. Tim Scott (R-SC), the Washington Examiner Monday. Scott, who is the top Republican in the Senate Banking CommitteeOne of many GOP lawmakers not invited was, The briefing was not sent to the staff of GOP Banking Committee.

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“It is unacceptable that Senate Republicans were excluded from Treasury’s briefing to Congress this evening,” Senate Banking Republicans Tweet After they missed the first call, they can withdraw from their minor parties account. “The lack of transparency & responsiveness from the Biden administration has been galling. The administration has the responsibility to keep ALL members updated in real time.”

Sen. John Kennedy Scott’s colleague on the panel (Republican-of-La.) was one of the Republicans who was not informed about the call before Fox News. reported Monday. An inquiry by the newspaper did not reach his representatives. Washington Examiner More information.

Sen. Katie Britt (R-AL), another Senate Banking Republican lambasted Biden’s administration in a statement to Fox News following Sunday’s mishap. “The public deserves full transparency and accountability without regards to partisanship, and it is unacceptable that this administration excluded Senate Republicans, including those on the Senate Banking Committee, from Sunday night’s bicameral member briefing.”

However, there were many Republicans present, including Reps. Thomas Massie and Marc Molinaro (R–NY), and Sen. Mitt Romney (R-UT).

Scott’s aide stated that the Treasury Department had agreed to another briefing at noon Monda.