Federal Reserve Governor Michelle Bowman is scheduled to testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on April 10, 2025, as part of her nomination process for the role of vice chair for supervision. The Senate Banking Committee has released her prepared testimony, which emphasizes her commitment to a tailored approach to bank regulation, promoting transparency and accountability, and refocusing supervision on core material risks. Notably, Bowman aims to launch an independent review of the March 2023 bank failures, including those of Silicon Valley Bank, Silvergate Bank, and Signature Bank. Jamie Dimon has publicly supported her confirmation, stating that she should be confirmed as vice chair. The hearing will be broadcast live, and updates on her statements and insights are anticipated.