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The Latest Breaking News from Sherrod Brown

Fed official says banking rules are under review in the wake of SVB failure

Michael Barr, the nation’s top banking regulator, said Silicon Valley Bank was warned in the fall of 2021 that its interest rate model was not ‘aligned with reality.’

Chicago Sun-Times

Bank failures and rescue test Yellen's decades of experience

Treasury Secretary Janet Yellen worked against the clock with other regulators, lawmakers and business leaders to come up with a plan that would prevent a full blown banking crisis

The Independent UK

After the East Palestine Derailment, Congress Is Trying To Force Unrelated, Costly Regulations on Railroads

A bipartisan bill backed by J.D. Vance and Sherrod Brown would include a two-member crew mandate that unions have long sought—and that wouldn't have prevented the Ohio disaster.

Reason

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Sen. Duckworth joins bipartisan call for stronger rail safety measures

Senate Commerce Committee grills Norfolk Southern CEO on safety enhancements that can be implemented to prevent derailments like the one in East Palestine, Ohio.

Chicago Sun-Times

6 big themes from Wednesday’s Norfolk Southern’s derailment hearing

Norfolk Southern’s CEO Alan Shaw was among the witnesses who testified Wednesday at a U.S. Senate committee hearing about the railroad’s toxic derailment in East Palestine, Ohio on Feb. 3.

Tribune News Service

Bipartisan support emerges for Senate railroad safety bill

A bipartisan consensus that Congress should act to toughen regulations on railroads is emerging in the U.S. Senate

The Independent UK

Vance: Rail safety legislation is not 'big government' - Roll Call

Republican Sen. J.D. Vance attacked the rail industry for criticizing a safety bill he co-sponsored with Sen. Sherrod Brown, D-Ohio.

Roll Call

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Midsize US banks ask FDIC to insure deposits for 2 years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

Tribune News Service

Bank failures: Anger in Congress, but division on what to do

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks

The Independent UK

Lawmakers from both parties skeptical of legislation over SVB - Roll Call

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

Roll Call

Railway CEO apologises for toxic train crash at US Senate hearing

Norfolk Southern chief says he is ‘terribly sorry’ but stops short of fully backing Senate bill to boost safety rules.

Al Jazeera

Second Ohio derailment raises ire in Congress on rail safety

WASHINGTON — A second freight train derailment in Ohio within a month is giving new impetus for rail safety legislation in Congress, as Democrats and Republicans prepare to grill Norfolk Southern CEO Alan Shaw when he testifies to a Senate committee Thursday.

Tribune News Service

Second Norfolk Southern train derails in Ohio in a month

A Norfolk Southern Corp. train derailed in Springfield, Ohio, about a month after an earlier crash in the state that shone a spotlight on rail safety.

Tribune News Service

Ohio derailment tests Sen. Brown's push to buck Dem defeats

Republicans say the federal response to a train derailment in an eastern Ohio village shows Democrats are not focused on policy at home

The Independent UK

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Axios

GOP pits endangered Democrats against Biden with sensitive votes

Two Senate Democrats voted for an ESG resolution that Biden has promised to veto.

The Independent UK

Railroad CEO to testify in Congress about Ohio derailment

The CEO of Norfolk Southern railroad will testify in Congress next week about last month's fiery Ohio derailment and the precautions the railroad takes to prevent similar crashes

Roll Call

Senate gets bipartisan rail safety bill after Ohio derailment - Roll Call

Bipartisan legislation that would establish new safety requirements for trains carrying hazardous materials was introduced Wednesday.

The Independent UK

Ex-congressman Tim Ryan sees an ‘opportunity’ for Joe Biden in Ohio against Trump in 2024

Former Ohio congressman finished narrowly behind Republican Senate opponent in Ohio last year

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The Independent UK

Ohio train derailment: Fetterman, Hawley and Vance among senators proposing new regulations

The legislation would require regular inspections of trains carrying hazardous materials and provide information in advance to emergency responders.

The Independent UK

Ohio senators ready rail safety bill after fiery crash

U.S. senators are planning to propose legislation that would make railroads, like the one involved in this month’s fiery crash and toxic chemical release in Ohio, subject to a series of new federal safety regulations and financial consequences

The Independent UK

EXPLAINER: Did dioxins spread after Ohio train derailment?

U.S. Senators Sherrod Brown and J

Tribune News Service

Bipartisanship isn’t dead. Here’s what Congress might actually agree on

A banking bill for cannabis businesses. “Junk fee” curbs. Insulin price cuts. The U.S. Congress is bitterly divided, but in these niche areas, there’s hope for compromise.

Roll Call

At the Races: Train wreck — it’s not just a metaphor - Roll Call

The CQ Roll Call newsroom tracks campaigns nationwide, sharing the best stories, with some extras, in the At the Races newsletter.

The Independent UK

Jon Tester, Montana Democratic Senator, announces he will run for re-election in 2024

The Montana farmer is one of three Democratic senators who represents a state that Donald Trump won twice

Salon

Rail giant donated to Ohio GOP governor

Norfolk Southern donated $10,000 to Gov. Mike DeWine, adding to the $29,000 they've given since 2018

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