After the collapse of Silicon Valley Bank and Signature Bank — two of the largest bank failures in U.S. history — some in Washington have rushed to return donations tied to the banks.
But many elected officials who received thousands of dollars in donations from the banks’ executives are silent on what they will do with the money.
Here’s what we know.
President Joe Biden’s 2020 presidential campaign and the Democratic National Committee will return political donations tied to SVB in the aftermath of the bank’s collapse, the DNC told USA TODAY on Friday.
Contributions by Silicon Valley Bank CEO Greg Becker and another top executive, managing director Gerald Brady, made to Biden’s campaign and the DNC from 2020 or later will be donated, a DNC spokesperson told USA TODAY
Becker gave Biden’s campaign $2,800, and Brady gave it $5,500. Brady also donated $12,050 to the DNC.
In full, Biden’s presidential campaign is returning $8,400, and the DNC is returning $12,050.
Read more:Biden, Democratic National Committee will return political donations from Silicon Valley Bank executives
Three high-profile Democrats have committed to returning the donations they received.
USA TODAY reached out to several of the biggest recipients of money from SVB and Signature Bank, but spokespeople for those officials did not respond to multiple requests for comment. Among those who received significant sums in recent years and did not answer questions by time of publication: