Elizabeth Warren and Katie Porter are taking the first step in repealing the Trump-era banking law they blamed for Silicon Valley Bank's collapse

• NBC first reported on Tuesday that Sen. Warren and Rep. Porter are introducing a bill to repeal a 2018 banking law.
• The law rolled back provisions in the Dodd-Frank Act, weakening oversight over banks.
• Warren and other Democrats blamed the rollback for Silicon Valley Bank's collapse.

Democratic lawmakers are introducing legislation intended to stop a failure like Silicon Valley Bank (SVB) from happening again.