Jean-Pierre: [Biden's] economic team is focused on destabilizing the financial- on stabilizing, pardon me, the financial system and protecting depositors, including small businesses and workers, while avoiding costs to taxpayers.
Jean-Pierre: This is not a bail-out. This is not 2008 at all. The funds are from fees on banks and not taxpayers.
Jean-Pierre: It's taken congress too long to take action on common sense gun law reforms, including requiring background checks on all gun sales, banning assault weapons and high-capacity magazines, and eliminating immunity for gun manufactures who knowingly put weapons on war on the streets.
Reporter: Do any senior administration officials have exposure in the SVB debacle? Do they have large deposits in the bank that you're aware of?
Jean-Pierre: I'm not aware of that.