H.R. 4142 · 111th Congress

Too Big to Fail, Too Big to Exist Act

Stage
In committee
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.