S 3542
115th Congress
Senate
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Corporate finance and management
Credit and credit markets
Economic performance and conditions
Federal Reserve System
Financial services and investments
Government information and archives
Securities
A bill to break up large financial entities.
Introduced: October 3, 2018
Introduced by:
Sanders, Bernard
Independent
· Vermont
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 3, 2018
Introduced in Senate
Plain-English summary
This bill (1) directs the Federal Reserve Board to break up any financial institution with a total exposure equal to or greater than 3% of the annual gross domestic product of the United States, and (2) otherwise limits the activities of such financial institutions.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1