H.R. 4142 · 111th Congress
Too Big to Fail, Too Big to Exist Act
- Stage
- In committee
- Sponsor
- Maurice Hinchey
- Introduced
- 2009-11-19
- Latest action
- 2009-11-19 · Introduced in House
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 included on such list so that their failure would no longer cause a catastrophic effect on the United States or global economy without a taxpayer bailout.