S 685
113th 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
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
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"), 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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1