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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
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Oct 3, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 3, 2018
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 October 3, 2018

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3542: A bill to break up large financial entities.. 115th Congress. Open America. https://openamerica.io/bill/115-S-3542/
MLA
"S. 3542: A bill to break up large financial entities.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3542/.
Bluebook (legal)
S. 3542, 115th Cong. (2026), https://openamerica.io/bill/115-S-3542/.
Markdown link
[S. 3542: A bill to break up large financial entities.](https://openamerica.io/bill/115-S-3542/)
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