The Senate Banking Committee announced a line-up of key witnesses for hearings scheduled on May 16 and May 18.
Among those set to testify are Gregory Becker, former CEO of Silicon Valley Bank which collapsed in March, and Scott Shay and Eric Howell, former chair and president of Signature Bank which also failed the same month.
The hearings come amidst growing concerns over the health of US banks and their impact on the broader economy.
Michael Barr, Vice Chair for Supervision at the US Federal Reserve, and Martin Gruenberg, Chair of the Federal Deposit Insurance Corp., are also scheduled to appear.
The Senate Banking Committee is set to review the rules and regulations governing banks with more than $100 billion in assets, including stress testing and liquidity requirements, following the recent failures.
While lawmakers in both parties are calling for increased regulations and for clawbacks of executive compensation, Republicans are pushing back against any legislation, blaming bank executives and regulators for the failures.
Meanwhile, the FDIC has called for a major overhaul of deposit insurance, citing the recent bank collapses as a catalyst for fundamental questions about the role of deposit insurance in the US banking system.
