US HB4963 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on April 26 2012 - 25% progression, died in committee
Action: 2012-04-26 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 26 2012 - 25% progression, died in committee
Action: 2012-04-26 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
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"); 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.
Title
Too Big to Fail, Too Big to Exist Act
Sponsors
| Rep. Brad Sherman [D-CA] | Rep. Maurice Hinchey [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-26 | House | Referred to the House Committee on Financial Services. |
Subjects
Banking and financial institutions regulation
Congressional oversight
Finance and financial sector
Financial crises and stabilization
Financial services and investments
Insurance industry and regulation
Congressional oversight
Finance and financial sector
Financial crises and stabilization
Financial services and investments
Insurance industry and regulation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/4963/all-info |
| Text | https://www.congress.gov/112/bills/hr4963/BILLS-112hr4963ih.pdf |
