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S.3241 SAFE Banking Act of 2010, 111th Congress

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Official Bill Info

  • Latest Action: Apr 21, 2010 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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    I know the most recent action for this bill is as follows: "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs." on Apr 21, 2010
  • Committee Assignment: Senate Committee on Banking, Housing, and Urban Affairs

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    This bill has been assigned to the Senate Committee on Banking, Housing, and Urban Affairs committee.

Bill Statistics on OpenCongress

  • 88% of users support S.3241

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    88% of users on OpenCongress.org, a free, non-partisan resource, support S.3241.
  • S.3241 has been viewed 12,735 times

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    S.3241 has been viewed 12,735 times on OpenCongress.org, a free, non-partisan resource.
  • Contribution Data

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    OpenCongress Bill Summary

    • This bill would create size and leverage limits on banks and non-bank financial firms. Under the bill, no single banks would be allowed to hold more than 10% of the total amount of all U.S. bank deposits, leverage limits would be set at 6%, and non-deposit liabilities would be capped at 2% for banks and 3% for non-bank firms. The bill's deposit cap would result in the shrinking of asome of the largest U.S. banks. It was voted on and rejected as an amendment to the Dodd-Frank financial reform bill, 33-61.

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      Here's a summary from OpenCongress.org: This bill would create size and leverage limits on banks and non-bank financial firms. Under the bill, no single banks would be allowed to hold more than 10% of the total amount of all U.S. bank deposits, leverage limits would be set at 6%, and non-deposit liabilities would be capped at 2% for banks and 3% for non-bank firms. The bill's deposit cap would result in the shrinking of asome of the largest U.S. banks. It was voted on and rejected as an amendment to the Dodd-Frank financial reform bill, 33-61.

    Most-commented sections of the bill text

    Highest Rated User Comments

    Highly Rated Blog Articles

    • A World Beyond Belief: Shock Revelation. Drug Trials Funded By ... - August 02, 2010 by A World Beyond Belief - "Safe, Accountable, Fair, and Efficient Banking Act of 2010 " - If you'd like to send an email to your US Rep and Senators which support Sen Sherrod Brown's SAFE Banking Act (S. 3241 please click on this link to Democrat... 3 months ago .

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      As noted by A World Beyond Belief on August 02, 2010, ""Safe, Accountable, Fair, and Efficient Banking Act of 2010 " - If you'd like to send an email to your US Rep and Senators which support Sen Sherrod Brown's SAFE Banking Act (S. 3241 please click on this link to Democrat... 3 months ago ." (http://aworldbeyondbelief.blogspot.com/2010/08/shock-revelation-drug-trials-funded-by.html)
    • Senate Votes in Favor of Wall Street - May 05, 2010 by allvoices - Contributed news >> 1 >> Popular - Senators Sherrod Brown (D-OH) and Ted Kaufman (D-DE) introduced a bold bill - the SAFE Banking Act (S. 3241) - to break up the big Wall Street banks. This may be the biggest reform of Wall Street and corporate power in 80 years. ...

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      As noted by allvoices - Contributed news >> 1 >> Popular on May 05, 2010, "Senators Sherrod Brown (D-OH) and Ted Kaufman (D-DE) introduced a bold bill - the SAFE Banking Act (S. 3241) - to break up the big Wall Street banks. This may be the biggest reform of Wall Street and corporate power in 80 years. ..." (http://www.allvoices.com/contributed-news/5772131-senate-votes-in-favor-of-wall-street)
    • | you make the call | « mikerucker.wordpress.com - May 05, 2010 by mikerucker.wordpress.com - amendment (S.3241) needs particular consideration. i called Chambliss' office yesterday morning, noting a few things: a) we need to look at both roosevelts as our guides – teddy for breaking up the trusts (and the top 5 banks are ...

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      As noted by mikerucker.wordpress.com on May 05, 2010, "amendment (S.3241) needs particular consideration. i called Chambliss' office yesterday morning, noting a few things: a) we need to look at both roosevelts as our guides – teddy for breaking up the trusts (and the top 5 banks are ..." (http://mikerucker.wordpress.com/2010/05/06/you-make-the-call/)

    Highly Rated News Articles

    • Senators propose caps on bank size - April 21, 2010 by Politico - Sen. Sherrod Brown (D-Ohio) said early Wednesday morning that a $50 billion dollar fund designed to liquidate failing financial firms is not sufficient and is diverting attention from a more significant problem: banks getting to the brink of collapse in the first place.

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      As noted by Politico on April 21, 2010, "Sen. Sherrod Brown (D-Ohio) said early Wednesday morning that a $50 billion dollar fund designed to liquidate failing financial firms is not sufficient and is diverting attention from a more significant problem: banks getting to the brink of collapse in the first place. " (http://dyn.politico.com/printstory.cfm?uuid=213F3A99-18FE-70B2-A83602ED7CF3F47A)
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