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S. 685 113th Congress Senate

Too Big to Fail, Too Big to Exist Act

Official title: A bill to address the concept of "Too Big To Fail" with respect to certain financial entities.

Introduced: April 9, 2013 Introduced by: Bernard Sanders Independent · Vermont See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCongressional oversightFinancial crises and stabilizationFinancial services and investmentsInsurance industry and regulation
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 2013
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 9, 2013
Introduced in Senate
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 Latest action April 9, 2013

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 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.

 Related & companion bills 1
  • HR 1450 Identical bill Too Big to Fail, Too Big to Exist Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 685: Too Big to Fail, Too Big to Exist Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-685/
MLA
"S. 685: Too Big to Fail, Too Big to Exist Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-685/.
Bluebook (legal)
S. 685, 113th Cong. (2026), https://openamerica.io/bill/113-S-685/.
Markdown link
[S. 685: Too Big to Fail, Too Big to Exist Act](https://openamerica.io/bill/113-S-685/)
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