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house Bill H.R. 4142

Too Big to Fail, Too Big to Exist Act

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedNovember 19th, 2009

Bill Details

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Too Big to Fail, Too Big to Exist Act

Official Title

To address the concept of "Too Big To Fail" with respect to certain financial entities.


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.

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