In the News
"There should be a clawback of any of that money," the California Democrat told the Washington Post. "It should be going to the depositors."
Rep. Ro Khanna (D-Calif.) said that any stock sold by Silicon Valley Bank executives should be "clawed back" and given to depositors of the bank after it collapsed last week.
The list of companies and banks potentially affected by Friday's collapse of Silicon Valley Bank is growing. But at least one person seems to have cashed in recently: chief executive Greg Becker, whose trust sold $3.6 million worth of shares on Feb. 27, according to SEC filings.
MARGARET BRENNAN: We're joined now by Congressman Ro Khanna. He is a Democrat who represents the California District where Silicon Valley Bank was once headquartered. Good to have you here. I wonder what you make of the Treasury Secretary's remarks, I know you've been in contact with the White House with Treasury and with FDIC.
Washington — Democratic Rep. Ro Khanna of California on Sunday urged the Biden administration to take "decisive action" in response to the rapid collapse of Silicon Valley Bank and ensure depositors will be protected and have access to their accounts Monday morning.
California Democrat Rep. Ro Khanna said Sunday that progressives should be the "most concerned" with Silicon Valley Bank's (SVB's) collapse if the Biden administration fails to take action in the next several days.
Reps. Ro Khanna (D-Calif.) and Chris Deluzio (D-Pa.) on Tuesday introduced a bill that seeks to tighten safety measures for trains carrying hazardous materials and to ensure they are properly classified.
Democratic Reps. Ro Khanna of California and Chris Deluzio of Pennsylvania introduced legislation Tuesday that would require the U.S. Transportation Department to impose more strict regulations on trains carrying hazardous materials, an effort to prevent disasters like the toxic derailment in East Palestine, Ohio from happening in the future.
NPR's Ailsa Chang speaks with Rep. Ro Khanna, D-Calif., about his visit to Taiwan with a bipartisan delegation and if the U.S. approach of "strategic ambiguity" is effective in China-Taiwan relations.
AILSA CHANG, HOST: