US Congress Senate Bill 685 (Prior Session Legislation)

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Spectrum: Partisan Bill (Independent 1-0)
Status: Introduced on April 9 2013 - 25% progression, died in committee
Action: 2013-04-09 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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.

Too Big to Fail, Too Big to Exist Act

Sen. Bernard Sanders [I-VT]

Date	Chamber	Action
2013-04-09	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB1450 (Same As) 2013-04-09 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/685/all-info
Text	https://www.congress.gov/113/bills/s685/BILLS-113s685is.pdf