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HR 1450 113th 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: April 9, 2013 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 2013
Referred to the House Committee on Financial Services.
Apr 9, 2013
Introduced in House
 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"), including, but not limited to, any U.S. bank holding companies identified by the Financial Stability Board as systemically important banks; and (2) break up entities on the list so that their failure would no longer cause a catastrophic effect on the U.S. or global economy without a taxpayer bailout.

What's happening now April 9, 2013

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1