Skip to main content
S 2746 111th Congress Senate 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 5, 2009 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 6, 2009
Sponsor introductory remarks on measure. (CR S11241-11242)
Nov 5, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 5, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

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 November 6, 2009

Sponsor introductory remarks on measure. (CR S11241-11242)

 Committees of jurisdiction 1