HR 4142
111th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Congressional oversight
Financial crises and stabilization
Financial services and investments
Insurance industry and regulation
Too Big to Fail, Too Big to Exist Act
Introduced: November 19, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2009
Referred to the House Committee on Financial Services.
Nov 19, 2009
Introduced in House
Plain-English summary
Too Big to Fail, Too Big to Exist Act - Instructs the Secretary of the Treasury to: (1) submit to Congress, within 90 days after enactment of this Act, a list of all commercial banks, investment banks, hedge funds, and insurance companies that the Secretary believes are too big to fail (" Too Big To Fail List"); and (2) break up entities included on such list so that their failure would no longer cause a catastrophic effect on the United States or global economy without a taxpayer bailout.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1