Top Democrats in Washington are rushing to give back or donate funds they received from Silicon Valley Bank and its leadership after the company collapsed last week.
Democrats on Capitol Hill rushed to donate or return donations they received fromSenate Majority Leader Chuck Schumer gave back a total of $8,500 to charity on Tuesday after receiving the sum in donations from SVB and its former CEO, Greg Becker. Becker had donated $5,800 to Schumer's campaign in 2021, and theSchumer's office did not immediately respond to a request for comment, nor did it detail which charities the funds had been sent to.
Meanwhile, Rep. Maxine Waters, D-Calif., also plans to return donations she received from the PAC. The SVB's political arm gave Waters $2,500 in late 2020. Senate Majority Leader Chuck Schumer donated funds he received from the collapsed Silicon Valley Bank to charity. Rep. Maxine Waters, D-Calif., says she will return $2,500 in donations she received from SVB's political PAC.
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