Chuck Schumer to return Silicon Valley Financial institution donations
Senate Majority Chief Chuck Schumer will give marketing campaign contributions from former Silicon Valley Financial institution CEO Greg Becker and the financial institution’s PAC to charities, in keeping with an individual with direct information of the matter.
Schumer obtained the utmost particular person contribution of $5,800 from Becker in June 2021, in keeping with the Federal Election Fee. The marketing campaign obtained $2,700 from the financial institution’s political motion committee in 2015, per an FEC submitting.
The New York Democrat plans to ship the contributions to New York-based charities, in keeping with the individual, who declined to be named.
Becker has fallen beneath the scrutiny of lawmakers for the reason that collapse of SVB, which the Federal Deposit Insurance coverage Company took over on Friday. Rep. Maxine Waters, D-Calif., mentioned she is going to return the contribution she obtained from Becker, in keeping with reporting from Politico.
A consultant for Sen. Mark Warner, D-Va., who obtained a $2,900 contribution to his marketing campaign from Becker, didn’t reply to a request for remark.