On Sunday, while discussing the Silicon Valley Bank collapse in an emergency conference call led by Senate President Chuck Schumer, Senator Mark Kelly (D-AZ) reportedly inquired about the possibility of censoring social media posts to avoid a bank run.
This information was reported by Republican House members who were also present on the call and heard by representatives of the Federal Reserve, Treasury Department, and the Federal Deposit and Insurance Corporation (FDIC).
“Just got off of a zoom meeting with Fed, Treasury, FDIC, House, and Senate,” Kentucky Congressman Thomas Massie tweeted. “A Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks.”
Rep. Lauren Boebert also tweeted, “On a briefing with Biden Under Secretary of the Treasury Nellie Liang regarding the SVB [Silicon Valley Bank] BAILOUT they are working towards and a member asked if they were reaching out to Facebook and Twitter to monitor misinformation and ‘bad actors.’”