H.R. 4963 · 112th Congress
Too Big to Fail, Too Big to Exist Act
- Stage
- In committee
- Sponsor
- Brad Sherman
- Introduced
- 2012-04-26
- Latest action
- 2012-04-26 · 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 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.