Legislation. I'm signing today rolls back the crippling Dodd Frank regulations that are crushing community banks And credit unions nationwide. They were in such trouble. That's president Trump in 2018, rolling back bank regulations first put in place eight years earlier after *** financial crisis shook the banking industry. The new rules known as the Dodd Frank Act were meant to prevent another financial collapse. Now, critics say easing those regulations caused or contributed to the sudden failures of Silicon Valley Bank and Signature Bank earlier this month, these bank failures were the direct result of policy makers decisions over the last five years beginning with *** 2018 law signed by President Trump with the support of both parties. But is that what happened? Let's get the facts with our partners at fact check dot org is the rollback to blame for the failure. There seem to be many different causes uh that were involved here. Your research, your fact checking has found it's not clear cut. Yeah. No, it's it's it's not clear cut. There are *** lot of red flags with this bank um from the experts that we spoke to those warnings include s V BS rapid growth. In fact, it nearly quadrupled its assets in *** short span of just four years, Holding *** huge portion of accounts far larger than the $250,000 amount guaranteed by the government. That meant the bank was extremely vulnerable to rapid withdrawals of most of its deposits and SBS huge investments in low interest government securities that it suddenly had to liquidate at *** loss. But some experts also argued the Dodd-Frank law made the recent bank failures even more likely to happen. So it sounds like there's some blame to go around. Yes, there is some blame to go around and there's going to be investigations over this. The S E C, the DOJ the fed, they're all going to be looking into it. And President Biden is now calling for tougher penalties for the executives of failed banks and he wants Congress to act right away and those are the facts in Washington. I'm chief national investigative correspondent, Mark Albert.