The Biden administration has not yet announced any specific relief measures for Silicon Valley Bank depositors. However, the administration has proposed a number of initiatives to help struggling banks, including increasing the amount of debt that banks can issue through the Troubled Asset Relief Program (TARP) and allowing the Small Business Administration to provide loan guarantees to banks. Additionally, the Biden administration has proposed the creation of a $100 billion fund to help banks and other financial institutions that are struggling due to the pandemic. The administration has also proposed a $10 billion fund to help community banks provide relief to their customers.
