H.R.4963 - Too Big to Fail, Too Big to Exist Act

To address the concept of "Too Big To Fail" with respect to certain financial entities. view all titles (2)

All Bill Titles

  • Official: To address the concept of "Too Big To Fail" with respect to certain financial entities. as introduced.
  • Short: Too Big to Fail, Too Big to Exist Act as introduced.

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Introduced
 
House
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Senate
Passes
 
President
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04/26/12
 
 
 
 
 
 
 

Official 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 (\"T

Official 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.

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