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S. 1005 116th Congress Senate

Ending Too Big to Jail Act

Official title: A bill to stop financial institution crime, require certain officers of companies to certify that they have conducted due diligence relating to criminal conduc… Show full official titleShow less

Official title: A bill to stop financial institution crime, require certain officers of companies to certify that they have conducted due diligence relating to criminal conduct or civil fraud, create accountability in deferred prosecution agreements, and for other purposes.

Introduced: April 3, 2019 Introduced by: Elizabeth Warren Democratic · Massachusetts See on congress.gov
Finance and Financial Sector Accounting and auditingBanking and financial institutions regulationCivil actions and liabilityCriminal investigation, prosecution, interrogation
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Executive agency funding and structureFinancial crises and stabilizationFraud offenses and financial crimesGovernment information and archivesGovernment studies and investigations
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 3, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 3, 2019
Introduced in Senate
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 Latest action April 3, 2019

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

 Plain-English summary Congressional Research Service

Ending Too Big to Jail Act

This bill addresses fraud and criminal conduct within financial institutions.

The bill replaces the Office of the Special Inspector General for the Troubled Asset Relief Program with the Office of the Special Inspector General for Financial Institution Crime and tasks the office with investigating crimes within financial institutions when such institutions fail.

Financial institutions, bank holding companies, and savings and loan holding companies with assets greater than $10 billion must annually certify that all criminal conduct and civil fraud has been disclosed to the Department of Justice. The bill establishes civil and criminal penalties for violations.

The bill also revises the circumstances under which the government may enter into a deferred prosecution agreement with defendants that are not individuals. These agreements must be determined by the court to be in the public interest.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1005: Ending Too Big to Jail Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-1005/
MLA
"S. 1005: Ending Too Big to Jail Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1005/.
Bluebook (legal)
S. 1005, 116th Cong. (2026), https://openamerica.io/bill/116-S-1005/.
Markdown link
[S. 1005: Ending Too Big to Jail Act](https://openamerica.io/bill/116-S-1005/)
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