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Ayanna Pressley: “Increasing bank capital requirements can actually increase…”

Featuring: Ayanna Pressley, Democratic | U.S. House Massachusetts, 7th Congressional District

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Ayanna Pressley Touts SPARK Act, Urges More Financial Investment in Small, Minority-Owned Businesses

Published | Video Starts at 02:35

Well, some of what I've found is that large banks are not necessarily reinvesting these dollars into underserved communities or lending more if they don't have to. So in fact, much of the research, what it bears out is that Increasing bank capital requirements can actually increase bank lending and resilience. And in 2023, we saw what the SBB bank collapse almost did to small businesses in districts like mine, the MA 7th and around the country. (02:35–02:42)

CLAIM

Asserts that increasing bank capital requirements can lead to more bank lending and resilience.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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