Sanders Introduces Bill to Block Bank Execs From Serving on Fed Boards
By: Karl Evers-Hillstrom; The Hill Sen. Bernie Sanders (I-Vt.) introduced legislation on Thursday to prohibit bank executives from serving on the boards of regional Federal Reserve banks tasked with supervising their firm. Lawmakers have expressed outrage that former Silicon Valley Bank CEO Gregory Becker served on the board of directors at the San Francisco Federal Reserve, which failed to address the bank’s issues prior