House Republicans are seeking answers about the extent to which a federal bailout of Silicon Valley Bank could give the Chinese Communist Party a fiscal shot in the arm and whether any funds might end up with the Biden family.
The bank’s collapse earlier this month sent tremors through the financial sector, leading the Biden administration to become involved in how the bank will be restructured.
But a group of House Republicans led by Rep. David McCormick of Georgia is concerned that what might superficially be efforts to help the companies with which the bank dealt might end up helping Chinese firms.
